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3 years ago

How did the first insurance fund develop?

Business

1 answer:

Yuri [45]3 years ago

8 0

Answer:

Robert Wallace and Alexander Webster, two scottish drunken ministers invented insurance for orphan and widows. A premium would be paid and invested for profitable purposes. Widows and orphans would be paid out with the return of that money, leaving the premiums to accumulate.

Explanation:

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If a customer buys $10,000 worth of stock in a cash account, then sells the shares for $12,000 without first paying for the buy

katovenus [111]

Answer:

B) II and III.

Explanation:

Based on the information given the statement that are TRUE are II and III

II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000

III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.

3 0

4 years ago

according to the midpoint method, the price elasticity of demand for oranges between point x and point y is approximately0.05 ,

Shtirlitz [24]

Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.

WORKING OF MID POINT METHOD

Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.

The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:

To learn more about Mid Point Method, Click the links

brainly.com/question/27961894

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4 0

2 years ago

A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, attendan

m_a_m_a [10]

Answer: Price per ticket should be charged in order to maximize revenue is $15.

70000 people will attend at this price.

Explanation:

Let 'x' represent the decrease .

Using the given information,

Price per ticket = 24 - 3x

Average no. of people that watch the game = 40000 + 10000x

Additional money spent by every person = 6(40000 + 10000x)

Revenue [R(x)] = Price per ticket $\times$ Average no. of people that watch the game + Additional money spent

Revenue [R(x)] = (24 - 3x) $\times$ (40000 + 10000x) + 6(40000 + 10000x)

On solving the above equation we get ,

Revenue [R(x)] = -30000 $x^{2}$ + 180000x + 1200000

In order to find the critical point we'll differentiate the following with respect to x;

R'(x) = -60000x + 180000

∵ R'(x) = 0

x = 3

Thus, the price per ticket that should be charged in order to maximize revenue is (24 - 3 $\times$ 3 = 24 - 9 = $15)

People that will attend at this price = (40000 + 10000 $\times$ 3) = 70000

7 0

4 years ago

Tax Increment Financing zones encourage economic development by Group of answer choices reducing or eliminating state or local t

Romashka-Z-Leto [24]

Answer:

Tax Increment Financing zones encourage economic development by

reserving taxes generated by a new tax base in the zone for infrastructure or other public services within the zone.

Explanation:

A Tax Increment Financing (TIF) zone is an economic development tool that reserves the property taxes within the zone for a period of time. Thereafter, the accumulated taxes are used to finance approved infrastructure and development improvement projects in the TIF zone through developer refunds. As an economic tool, a TIF zone encourages continued development of an area by attracting investors to the location.

6 0

3 years ago

Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advance on october 1, 2016. the t

VARVARA [1.3K]

In theory, Bill can deduct $36000 from his 2016 taxes. However, there are often caps on deductions, so there is really not enough information.

3 0

4 years ago