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Zanzabum
3 years ago
12

Mention any five essential elements required for insurance contract​

Business
1 answer:
tatyana61 [14]3 years ago
4 0

Answer:

These elements are definable risk, a fortuitous event, an insurable interest, risk shifting and risk distribution. in addition, there is a very important legal difference between a reserve and an insurance company.

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Tamarisk Corporation had the following 2020 income statement. Sales revenue $189,000 Cost of goods sold 129,000 Gross profit 60,
densk [106]

Answer:

Kindly check attached picture for Tamarisk Corporation Statement Of Income 2020 (indirect method)

6 0
3 years ago
In 2015, many unskilled workers in the united states earned the federal minimum wage of $7.25 per hour. by contrast, average ear
poizon [28]
As wage differences are exclusively due to changes in productivity in the present example we can conclude how many times more productive one cluster is relative to another by getting the ratio of wages. 
So the formula is:
This suggests average worker is 3.17 times more industrious than a minimum wage worker (= $23 / $7.25).
The high wage worker is 13.79 more industrious than the minimum wage worker (= $100 / $7.25)
4 0
3 years ago
In setting up a client agreement, you would request a down payment to cover
stellarik [79]
The correct answer should be b. the cost of groceries.
Since the most correct answer would be production costs, in this case, the cost of groceries is the production cost as it is the cost of what you need for production.
3 0
3 years ago
Read 2 more answers
Ms. Jessup teaches 7th grade. Her students do not pay tuition to attend her school. Which describes the type of school that Ms.
iVinArrow [24]

Answer:

She is in a public middle school.

Explanation:

A middle school is a part of the stages of the education system that exist between the primary school and the high school. It plays the function of the intermediate school between the two stages. Public middle schools are the schools that run on the funds provided by the government. Either the state of the federal government may provide grants to run the school.

In the given excerpt, the type of school in which Ms. Jessup is the teacher is the public middle school. She is the teacher of the seventh grade and in this school, the students do not pay their tuition fees. This means that the school is run by the grants provided by the government.

4 0
3 years ago
Read 2 more answers
The following statements accurately describe the difference between saving and investing EXCEPT…
vagabundo [1.1K]

Answer:

Saving can only be done in person. Investing can be done both in-person and online.

Explanation:

Saving refers to keeping some funds aside for use during emergencies. Individuals and institutions also save as a way of accumulating funds for a specific intention. Banks and other deposit-taking institutions offer saving services to pool funds and lend them for investment and consumption.

Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

Investments offer higher returns but have a higher risk. Due to their price volatility, investments are suited for the long-term to safeguard against price fluctuations.

8 0
4 years ago
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