All categories

3 years ago

What is insurance coverage?

1 answer:

3 0

Definition: Insurance coverage is the amount of risk or liability that is covered for an individual or entity by way of insurance services. Insurance coverage, such as auto insurance, life insurance—or more exotic forms, such as hole-in-one insurance—is issued by an insurer in the event of unforeseen occurrences.

You might be interested in

A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company f

xxTIMURxx [149]

Answer:

504.15 million.

Please find the detailed answer as follows:

Explanation:

Consider the following calculations. The key to solve the exercise is to apply the formula of compound interest.

Present Value = 190/(1+.18)^1 + (190 -2)/(1+.18)^2 + (190 - 2 - 2)/(1+.18)^3 + + (190 - 2 - 2 - 2)/(1+.18)^4 = 504.15 million

7 0

3 years ago

In the past there have been violent protests against the World Bank and the World Trade Organization. The protesters argued that

rjkz [21]

Answer:

1) disagree with the protesters because these practices will help make both rich and poor countries richer.

Explanation:

Free trade and foreign direct investments should make increase the wealth of both poor countries and rich countries. This rarely happens due to one main problem, corruption in poor countries. A lot of people are angry at foreign multinational corporations that have excessive powers on poor countries and they also earn extremely high profits, but it is not only the fault of the multinationals, it is also the fault of the poor countries' leaders.

No corporation can simply go to another country and claim everything for themselves, ti doesn't work like that. Generally corporations have very deep pockets and they simply bribe a president, a secretary of something, a few more people including congressmen and magically they purchase the purchase assets at below market prices. This repeats again and again everywhere around the world, with a very few exceptions.

For example, Ireland was extremely poor and when it joined the European Union it decided to host several multinationals and it has turned into a developed country since then. Chile is another successful story, and it was a dictator that opened Chilean economy to foreign investment.

The problem with most poor countries is that their corrupt leaders benefit themselves and not the country.

6 0

3 years ago

On January 1, a company issued a $50,000 face value, 8% five-year bond for $46,139 that will yield 10%. Interest is payable on J

sammy [17]

Answer: B. 46,768

Explanation: Completing an amortization table would allow us find for the present year the bond carrying amount.

The face amount of the bond multiplied by the coupon rate gives the interest payment. This payment adjusted for the number of installments paid per year is $2,000 which is given by:

50,000 × (8/2)% interest (half the year).

Interest expense is calculated as the effective rate of 5% multiplied by the beginning of the year's carrying value. The difference between the interest payment and interest expense give the amortization of discount.

Carrying Value: 46,139 (A) Value at 1/1/X1

Cash: 2 ,000 &n bsp; (50,000 x .04) (B) Never Changes

Expense: 2,30 6.95 (46,139 x .05) (C)

(B - C) -306.95 (D)

(A - D) 46,445.95 (Carrying Value at 6/30/X1)

----------------

Carrying Value: 46,445.95 (A) Carrying Value at 6/30/X1

Cash: 2,000.0 0 (50,000 x .04) (B) Never Changes

Expense: 2,322.30 (46,445.95 x .05) (C)

(B - C): -322.30 (D)

(A - D): 46,768.25 (Carrying Value at 12/31/X1

5 0

3 years ago

Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $66,000 of its accounts

saul85 [17]

Answer:

The journal entry for recovery is shown below:

Explanation:

When the company, determine that it could not collect the amount, then the entry which should be recorded is:

Accounts receivable A/c..........Dr $66,000

Bad debts expenseA/c........Cr $66,000

But on October 30, the company received the full amount from the customer, then entry for recovery of the bad debt is as:

Cash A/c.................................Dr $66,000

Accounts Receivable A/c.......Cr $66,000

4 0

3 years ago

True or False: The statistical difference between a process operating at a 5 sigma level and a process operating at a 6 sigma le

Nookie1986 [14]

Answer:

True

Explanation:

The statement is true.

8 0

4 years ago