All categories

3 years ago

What is the term used to describe the dollar amount of a physical damage claim paid by the policyholder?A. Coinsurance clause.

Business

1 answer:

Reika [66]3 years ago

5 0

Answer:

C. Deductible.

Explanation:

Variable universal life insurance is insurance that provides permanent insurance coverage as whole life does; however the policyholder, not the insurance company, takes on the investment risk.

A Variable universal life insurance is a type of permanent life insurance policy which avails the holder the opportunity of investing the cash component of the plan (policy) for a much greater returns and as such the investment risk associated with the policy lies completely on the policy holder and not the insurance company.

Additionally, a group life insurance policy can be defined as a single contract plan that covers a group of people by providing life insurance coverage. An employer may opt for a group life insurance policy which would cover the lives of his or her employees.

Deductible is the term used to describe the dollar amount of a physical damage claim paid by the policyholder.

You might be interested in

To calculate a year-to-year percentage change in any financial statement line item such as sales, you should take the current ye

Makovka662 [10]

Answer:

the prior year's amount

Explanation:

In financial statements when measuring performance increase the percentage change in various financial statement lines are usually used.

Financial statement lines are individual items on financial statements. For example current assets, current liabilities, and sales.

The percentage change aims to compare increase in a financial statement line item against the previous year's amount.

This will give an idea of how much increase has occurred on previous performance.

So it is calculated by deducting previous year amount from current year amount, then divide by the previous year amount and multiply by 100

7 0

3 years ago

The process of conducting business on an international scale is a part of _____. globalization Communism mercantilism Socialism

Vlad [161]

The answer is globalization. This is when you are now bringing your economy from domestic to international level where you are now engaging in business transactions with other countries overseas. There will be many hurdles but these are necessary when competing in the global market.

7 0

3 years ago

Read 2 more answers

In 1896, the first Green Jacket Golf Championship was held. The winner’s prize money was $160. In 2015, the winner’s check was $

Talja [164]

Answer:

r = 0.080528395 = 8.05%

Winner's Prize at 2044: $ 15,215,114.02

Explanation:

$Principal \: (1+ r)^{time} = Amount$

Principal 160

Amount 1,610,000

time: 2015 - 1896 = 119

$160 \: (1+ r)^{119} = 1,610,000\\ r = \sqrt[119]{1,610,000 / 160} -1$

r = 0.080528395

If the same rate for the winner's prize is being keep by 2044 the winner will get:

$Principal \: (1+ r)^{time} = Amount$

Principal 1,610,000.00

time 29.00 (2044 - 2015)

rate 0.08053

$1610000 \: (1+ 0.0805283946683808)^{29} = Amount$

Amount 15,215,114.02

3 0

3 years ago

For many years you have been using your local, small-town bank. One day you hear that the bank is about to be purchased by Bank

kari74 [83]

Answer:

If I was banking with my local town bank and it happens that Bank of Africa purchases it, there are cost and benefits associated with the merge. First, Bank of America is global, meaning that I will be able to access the Services such as ATM services at different points. Second, due to its area of coverage, the services are cheaper compared to the ones I got when it was in my local town. However, due to the monopoly of the bank, they might increase the charges making them more expensive than when the services in the local village. Additionally, it will be a challenge for average customers, such as farmers, to access big banks unless faithful people accompany them.

Explanation:

7 0

3 years ago

When the company pays rent expense for the current month, what is the effect on the accounting equation for that company?

GREYUIT [131]

Answer:

decrease the stockholder equity and decrease in assets

Explanation:

As we know, the accounting equation is

Total assets = Total liabilities + stockholder equity

In the given case,

The rent is paid for the current month, so the journal entry would be

Rent expense A/c Dr XXXXX

To Cash A/c XXXXX

(Being rent is paid)

So it decreases the stockholder equity as it includes the income and expenses part and it decreases in assets as it reduces the cash balance

3 0

3 years ago