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Mazyrski [523]
3 years ago
5

What is an Umbrella Policy? How does it work?

Business
1 answer:
s2008m [1.1K]3 years ago
3 0

Answer:

An umbrella policy is the type of insurance that is made to additionally secure personal liability and it is necessary to have if the person is responsible for some damage made.

Explanation:

Umbrella policy not only covers the policyholder, but it also covers the members of his family. If you are responsible for the car accident, and your car is covered with the umbrella policy, they will be responsible for covering the medical expenses in case of someone getting hurt.

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Alex withdrew $500,000 from an account that paid 5 percent annual interest and used the funds to purchase real estate. After one
oksano4ka [1.4K]

Answer:

a) 25,000

Explanation:

The computation of the economic profit is shown below;

Economic profit is

= Revenue - Explicit cost - Implicit cost

= $550,000 - $500,000 - $500,000 × 5%

= $550,000 - $500,000 - $25000

= $25,000

Hence, the economic profit on this deal was $25,000

Therefore the correct option is a.

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
3 years ago
Marci spends 15 hours researching and writing a 20​-page report for her philosophy class. Jack brags that he has a​ "streamlined
Goryan [66]

Answer:

See attached file

Explanation:

5 0
3 years ago
Alex has found that both commercial and residential real estate buyers respond positively to his marketing communication message
alekssr [168]

Answer:

<u>Market Segments</u>

Explanation:

Marketing segmentation refers to dividing markets into various segments or sections, wherein each section comprises of customers with similar attributes or buying preferences.

Marketing segmentation can be based upon demography i.e based upon population , geographical which is based upon the geographical location , behavioral which is based upon customer buying habits and past purchase patterns, psychographic which is based upon the psyche or the perceptions of the buyers.

In the given case, Alex has identified commercial and real estate buyers as the segments wherein his marketing efforts need to be targeted.

4 0
3 years ago
To buy his favorite car, Larry is planning to accumulate money by investing his Christmas bonuses for the next five years in a s
svlad2 [7]

Answer:

Larry won't have enough money to buy the car. FV= $16,923

Explanation:

Giving the following information:

The car will cost $20,000 at the end of the fifth year and Larry's Christmas bonus is $3,000 a year.

Interest rate= 10%

To calculate the future value at the end of tje fifth year we need to use the following formula. The last deposit is made at the end of the fifth year.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {3,000*[(1.10^4)-1]}/0.10 + 3,000= $16,923

Larry won't have enough money to buy the car.

4 0
4 years ago
E-mail is usually a formal mode of business communication. Please select the best answer from the choices provided T F.
Phantasy [73]

Answer:

F

Explanation:

No because at those formal period email wasn't created the formal mode of business communication was letter through the use of type writters

8 0
2 years ago
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