The ability to receive compensation for losses is insurance's most obvious and crucial benefit. An insurance strategy is a policy used to reimburse people and associations for covered misfortunes.
What is an advantage of having insurance?
By shielding you from potential financial losses or liabilities brought on by unanticipated occurrences, insurance primarily serves to preserve your current wealth.
Describe three advantages of term insurance.
The advantages of purchasing term insurance include the ones listed below: Affordable Premium for a Large Guaranteed Sum. Simple to comprehend. Numerous Options for Paying Out Death Benefits.
Insurance serves a number of purposes, including risk sharing, capital formation, economic development, and other things. Insurance has nothing to do with loans.
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Answer:
Explanation:
The preparation of the stockholders' equity section of the balance sheet is shown below:
Common stock, $10 par value,
103,000 shares authorized and 20,000
shares of common stock issued $200,000 (20,000 × $10)
Paid in capital in excess of par value $120,000 {20,000 shares × ($16 - $10)}
Preferred stock, 3000 shares issued at par $24,000 (3,000 shares × $8)
Paid in capital in excess of par value $36,000 {3,000 shares × ($20 - $8)}
Retained earnings $60,000
Total $440,000
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
Answer:
me i love zoom because i do it every day
Explanation:
Consumer surplus is the difference between the maximum
amount the consumer is willing to pay for the price of the good and the price
that was actually paid by the consumer or commonly known as the current market
price. The price that the consumer is willing to pay is determined by the
demand curve in the market.
