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liberstina [14]
2 years ago
9

Insurance is the way a person or business is protected from :

Business
1 answer:
nevsk [136]2 years ago
3 0

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

You might be interested in
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
Rubin Enterprises had the following sales-related transactions on a recent day:
spayn [35]

Answer:

Transaction a

Debit  : Account Receivable $27,500

Credit : Sales Revenue $27,500

Transaction b

Debit  : Cash $5,875

Credit : Deferred Revenue $5,875

Transaction c

Debit  : Sales Revenue $1,500

Credit : Account Receivable $1,500

Transaction d

Debit  : Deferred Revenue $5,875

Credit : Sales Revenue $5,525

Credit : Discount received $350

Explanation:

The journals have been prepared above.

8 0
3 years ago
Barbara made a contract to sell a house to Bolton. The agreement stated that it was contingent upon the buyer being able to secu
Levart [38]

Answer and Explanation:

A due on sale clause is simply a stipulation in the mortagage agreement that the

"borrower if he wants to sell the property to some other person, first of all he (borrower) shall repay the entire outstanding mortagage amount and then only it is possible to sell the property which is secured under Mortagage agreement.

Hence in essence, the borrower must repay before selling it to some other person which will result in paying the sale proceeds of house to the lender first and the Borrower again has to take loan sometimes from the same lender.

Hence it is imperative that the mortagage obligation cannot be transferred to any other person. That is any subsequent buyer cannot ASSUME the mortagage. Therefore due on sale

Clause prevents assuming of mortagages.

6 0
3 years ago
Which career is likely to earn the highest salary?
kogti [31]

Answer:

b.) Dentist

Explanation:

Hope it helps!

6 0
2 years ago
The duel between Aaron Burr and Alexander Hamilton was the result of:
earnstyle [38]

Answer:

Option D: Burr's belief that Hamilton had slandered him.

Explanation:

The duel stemmed from a history of animosity between both men over the years. The existing personal animosity and personal bitterness between both individuals came to a head in the run-up to the governorship election in New-York in 1804.

The Albany Registrar published a letter sent from Charles Cooper to senator Philip Schuyler which referenced a statement made by General Hamilton describing Colonel Burr as being a dangerous and despicable human being incapable of running a government.

The ensuing duel was as a result of this defamation.

7 0
2 years ago
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