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posledela
3 years ago
9

A specified amount of money an insured individual must pay before an insurance company will pay a claim correctly defines which

of the following? Deductible Tangible Deposits Contributions
Business
1 answer:
trapecia [35]3 years ago
7 0

Answer: Deductible

Explanation:

Deductible is a specified amount of money an insured individual must pay before an insurance company will pay a claim.

It should be noted that in insurance policy, deductible simply refers to the amount that is paid by the insured before the expenses incurred by the person will be paid by the insurance company.

For example, is there is a $3000 deductible for a particular plan. One has to pay the $3000 first before before the insurance company settles other things.

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The obligations of the business to its creditors are called liabilities <br>A. True<br>B. False​
scoray [572]

Answer:

A. True because a liability is what you owe

5 0
3 years ago
Mrs. Mulcahy, age 65, is concerned that she may not qualify for enrollment in a Medicare prescription drug plan because, althoug
Kazeer [188]

What should you tell her is: She do not have to enroll under Part B before she enroll in a prescription drug plan.

Medicare prescription drug plan is plan that help to cover all prescribed drugs which means that any person under the plan drugs is covered thereby by saving costs.

Based on the scenario every person who is qualified to Part A or who is enrolled under Part B is qualified to register for Medicare prescription drug plan.

Since she is qualified for Part A, she do not need to register or enroll in Part B before been enrolled in a Medicare prescription drug plan.

Inconclusion What should you tell her is: She do not have to enroll under Part B before she enroll in a prescription drug plan.

Learn more here:

brainly.com/question/2484113

4 0
2 years ago
List one big thing that you would like to buy. What short-term, mid-term, and long-term goals would you need in order to make th
OleMash [197]
I would like to buy a mansion
short term goals will be, work at McDonald until 40
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hope this helps.

4 0
3 years ago
1. Loan 1 is a 4%, 5-year balloon loan for $3,000,000 with interest due and paid annually on December 31. Drake records interest
nordsb [41]

Answer:

Explanation:

Loan          3000000

Interest        4%

There are three steps to solve correction of errors entries

Step-1         what entry have been made

Step-2         what should be the actual entry.

Step-3         what should be net entry to make it correct.

Step-1         what entry have been made

Accrued Expense payble   3000000*4%         120000

                                       Cash                                            120000

Wrong entry that has been in books. instead of recording expense we have reduced the liability by debiting it.

Step-2         what should be the actual entry.

interest Expense    3000000*4%         120000

                           Cash                                            120000

The correct entry that should have been made

Step-3         what should be net entry to make it correct.

interest Expense    3000000*4%         120000

                       Accrued Expense payble   3000000*4%         120000

Now we have debited the expense that should be recorded and to increase the laibility we have credited the liability that have been decreased in entry 1.

8 0
3 years ago
Jack and john were recently dumped by their girlfriends. jack believes that his girlfriend broke up with him because she is a se
Lady_Fox [76]
Jack is making an assumption while john is making a believable excuse
6 0
3 years ago
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