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Match each type of business insurance with its description.

ser-zykov [4K]

Answer:

insurance against leakage or pilferage of critical and confidential data - data theft insurance

insurance against commercial property damage due to events such as fire, floods, storms, or earthquakes - property insurance

insurance against damage to company vehicles and injury or loss of life due to company vehicles - commercial auto insurance

insurance against severe loss of life or money due to one’s professional negligence or malpractice - professional liability insurance

Explanation:

8 0

3 years ago

A. Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question by using a math formula and also b

vekshin1

Answer:

$1,610.51 (in both calculation)

Explanation:

1. Using Math formula,

We know, Future value, FV = PV × $(1 + i)^{n}$

Given,

Present Value, PV = $1,000

Interest, i = 10% = 0.10

Number of periods, n = 5 years

Putting the values in the formula, we can get,

Future value, FV = PV × $(1 + i)^{n}$

FV = $1,000 × $(1 + 0.10)^{5}$

or, FV = $1,000 × 1.61051

Therefore, FV = $1,610.51

2. Using excel formula,

See the image below:

We have to use present value as negative so that the result should be used as positive.

6 0

3 years ago

As capital investments flow from high wage Core countries to low wage Periphery regions, _______________________ shifts take pla

svlad2 [7]

Answer: Labor

Explanation:

As a result of capital investments flowing, the labor in both the high wage countries and the low wage peripheral regions will shift due to interactions between the two labor systems.

The lower wage peripheral regions for instance, will see a rise in wages paid to their workers on account of the higher capital investment and people from these areas will move to the higher wage countries where they will be paid less which would reduce the wages paid in these higher wage countries.

3 0

3 years ago

What is the name of the economic concept that acknowledges that personal and financial resources are used for one purpose these

ddd [48]

Answer:

This concept is called the opportunity cost.

Explanation:

The opportunity cost of any economic decision is the cost of giving up or sacrificing its alternative. We are aware that resources are limited and have alternative uses. We have to use these resources to satisfy unlimited wants and needs.

If we use resources for one purpose it cannot be used for another. So we have to make a decision on how to spend the resources, on which alternative use. If we select one alternative, we need to give up another. The cost incurred on sacrificing or giving up the other alternative is the opportunity cost of using the resource for the first alternative.

3 0

3 years ago

Westerville Company reported the following results from last year’s operations: Sales $ 1,200,000 Variable expenses 320,000 Cont

lidiya [134]

Answer:

1) Last years' margin = Net operating income÷ Sales

= 240,000÷1,200,000

= 0.2= 20%

2) Last years' turnover = Sales ÷ Average operating assets

= 1,200,000 ÷ 600,000

= 2

3) Last years' return on investment = Margin ratio × turnover ratio

= 20% × 2 = 40%

4) Margin for this years' investment = Net operating income ÷ Sales

= 36,000 ÷ 240,000

= 0.15 = 15%

4 0

3 years ago