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3 years ago

What is bancassurance?

Business

1 answer:

inn [45]3 years ago

3 0

Answer:

Definition: Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients. Description: Bancassurance arrangement benefits both the firms.

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Andrea and Phillip have been married for two years when they walk into the local State Farm agent's office. They see a banner (w

Amanda [17]

Answer:

$343

Explanation:

Andrea and Phillip's annual premium cost can be calculated using the cost per thousand formula:

cost per thousand = annual premium / thousands of coverage

cost per thousand = $0.98
thousands of coverage = $350,000 / $1,000 = 350

$0.98 = annual premium / 350

annual premium = $0.98 x 350 = $343

5 0

3 years ago

Concord Corporation’s balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,770 Curr

xenn [34]

Answer:

Cash flow generated for the year: 71,790

Explanation:

From the information given we use the indirect method, we adjust net income for the non-monetary terms and then, adjust for the changes in working capital

The sale of assets will be enter under investing activities for the cash received regardless of the gain/loss at disposal

the stock transactions are considered financing from the firms perspective.

Operating Activities:

Net income 60,100

depreciation 16,540

loss at disposal 230

(21,770 - 9,770 = 12,000 against 11,770)

amortization 2,500

adjusted income: 79,370

changes in working capital:

increase in current assets: (29,000)

increase in current liabilities: 14,770

net change in working capital 14,230

from operating activities: 93,600

Investing Activities

sale of equipment 11 ,770

purchase of stocks (16,000)

Building improvements (28,770)

from investing activities (33,000)

Financing Activities

Issuance of bonds payable 52, 190

Cash dividends (30,000)

Purchase of treasury Stocks (11, 000)

from financing activities 11, 190

Cash flow generated for the year:

93,600 - 33,000 + 11,190 = 71,790

5 0

3 years ago

Which is not capital? the computer used by an accountant the person whose photograph is snapped by the candid photographer the p

Dmitry_Shevchenko [17]

The answer is: the person whose photograph is snapped by the candid photographer.

Capital refers to accumulation of assets that is owned by a certain individual or organization that can be used to generate more income.

Candid photographers only take picture of the environment around them naturally (without any edits or settings). This mean that the person who is being photographed is not being paid. Since that person does not generate income, it cannot be considered as a capital.

4 0

3 years ago

Read 2 more answers

In order to compute equivalent units of production using the FIFO method of process costing, work for the period must be broken

bazaltina [42]

Answer:

C. completed from beginning inventory, started and completed during the month, and units in ending inventory

Explanation:

During the period, the work done is:

the last part of the beginning WIP

If BI is at 40% complete

During the period 60% is assign to this period cost

the started and complete, those count entirely, as they are finished.

and the equivalent work of the endind inventory

this is also work done during the period, so it should be accounted to assing cost into.

5 0

2 years ago

Total quality management theorizes that if workers are more responsible, they will ______.

Mkey [24]

A. Increase oveeall quality

8 0

3 years ago

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