1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
laila [671]
3 years ago
15

Exsplain gross premium

Business
2 answers:
ohaa [14]3 years ago
7 0

Answer:

gross premium is a total premium paid by the policy owner.

Explanation:

Neporo4naja [7]3 years ago
3 0

The gross premium is the total premium paid by the policy owner, and generally consists of the net premium plus the expense of operation minus interest

You might be interested in
If insurance premiums are going to be set below the actuarially fair level for a certain group, who will likely be targeted to m
Yanka [14]

Answer:A. government regulators and taxpayers.

Explanation: Insurance premium is the amount of money initially paid by an organisation which can be a profit making Organisation or non profit making Organisation or an individual before the start of an insurance policy.

An actuarially fair level is the compensation level that is commensurate with the premium of the policy holder.

IF THE INSURANCE PREMIUM IS TO BE SET BELOW THE ACTUARIALLY FAIR LEVEL THE GOVERNMENT AND TAX PAYERS WILL BE EXPECTED TO PAY THE FOR THE DIFFERENCE.

4 0
3 years ago
What is the difference between the personal contact model of communicating on the Web and the mass media approach?
stellarik [79]

Answer:

Social media relates to all the technology that makes information sharing possible via the Internet. It is largely based on subject matter that users create and share.

Explanation:

Mass media approach: One-to-many

Personal contact approach: one-to-one.

Difference: Sellers are involved in mass media; buyers exchange information passively. Seller and buyer are both active on PC.

It is also the primary communication means used to meet the vast majority of the population. Newspapers, journals, radio, TV and the internet are the most prominent mass media channels.

6 0
3 years ago
Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return fro
lutik1710 [3]

Answer:

A. NPV for A= $61,658.06

NPV  for B = $25,006.15

B.  1.36

1.17

Project A

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calcuated using a financial calculator

for project A :

Cash flow in

Year 0 = $(172,325)

Year 1 41,000

Year 2 47,000

Year 3 85,295

Year 4 86,400

Year 5 56,000

I = 10%

NPV = $61,658.06

for project B

year 0 = $ (145,960)

Cash flow in

Year 1  27,000

Year 2  52,000

Year 3 50,000  

Year 4 71,000

Year 5  28,000

I = 10%

NPV = $25,006.15

profitability index = 1 + NPV / Initial investment

for project A, PI = $61,658.06 / 172,325 = 1.36

For project B, PI = $25,006.15 / 145,960 = 1.17

The project with the greater NPV and PI should be chosen. this is project A.

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

3 0
3 years ago
What are examples of types of products that are currently being manufactured by joint ventures between the U.S., Canada, Mexico,
choli [55]

Answer:

Uber Taxi

Star Bucks

Tata Global Beverages

Siemens and Nokia

Alibaba

Explanation:

Joint venture is the business in which there are two or more parties who shares the ownership. The business management may be mutually decided. There are many examples of Joint ventures in the world. Uber Taxi is one of the finest example of joint venture where Volvo vehicles shares the ownership. The joint venture reduces the investment cost for both the parties. The business can be quickly spread in the world by the efforts of two or more parties that form the joint venture.

3 0
3 years ago
Although best used as a last resort, many small businesses find it convenient to use __________ as a short-term source of financ
Virty [35]

Answer:

Credit cards

Explanation:

Credit cards can allow for easy access to money. They can also be expensive if the balance is carried or they are overused.

5 0
3 years ago
Read 2 more answers
Other questions:
  • When a wealthy individual invests his or her own money into a business project or start-up company with little intention to infl
    12·1 answer
  • Keys Printing plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The com
    12·1 answer
  • When an externality is present, the market equilibrium is a. efficient, and the equilibrium maximizes the total benefit to socie
    10·1 answer
  • "After decades of fabulous growth, the trade show industry is experiencing business decline. A report by the National Trade Show
    12·1 answer
  • Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Be
    14·1 answer
  • Stone Company has beginning equity of $1,200,000, net income of $200,000, dividends of $120,000 and investments by owners in exc
    5·1 answer
  • JLR Enterprises provides consulting services throughout California and uses job-order costing system to accumulate the cost of c
    15·1 answer
  • On January 15, 2020, Vern purchased the rights to a mineral interest for $3,500,000. At that time, it was estimated that the rec
    6·1 answer
  • Susan makes a purchase of $175 and is charged 7.75% for sales tax. What is the total cost of the purchase if Susan charges it on
    6·1 answer
  • When proving cash , cash balance is compared to _____.?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!