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Alekssandra [29.7K]
3 years ago
5

Manny has car insurance and was in an accident with a bill totaling $11,500. The insurance company says he needs to pay the firs

t $1000. What does the $1000 represent?
Business
1 answer:
Charra [1.4K]3 years ago
7 0

Answer:

A deductible

Explanation:

In insurance a deductible is the amount that a victim of an accident will have to.paynoit of his own pocket before the insurance pays for the rest.

When setting up an insurance the customer is allowed to set his deductible.

Lower deductibles attracts higher premium payments, while higher deductibles have lower premium payments.

In the scenario where Manny was in an accident with a bill totaling $11,500 and the insurance company says he needs to pay the first $1000. The $1,000 is the deductible amount

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Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:

Current Assets:

Cash                                                          6,000

Inventories

Raw materials inventory       21,000

Work in progress inventory  40,000

Finished goods inventory      25,000

Merchandise inventory           48,000

Total inventory                                      1,34,000

Other assets

Accounts receivable                               41,000

Prepaid expenses                                     1,000

Current assets                                                               2,22,000

A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

Learn more about manufacturing companies here:

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3 0
1 year ago
Marketers often scan social media to learn more about what customers think. __________ is a technique in which data from a varie
IgorC [24]

Answer:

sentiment analysis

Explanation:

Sentimental analysis is the mining of subjective information from a source material (usually social media), this is aimed at understanding the social sentiment the public has about a brand or service.

Sentimental expressions can be positive negative or neutral. For example a statement from a review: 'I really like their services, they make sure you are satisfied with your purchase.' Is an example of positive sentimental expression.

7 0
3 years ago
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Answer:

Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.

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2 years ago
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Elza [17]

Answer:

acquisition

Explanation:

Since in the question it is mentioned that IBM buy MRO software Inc for $740 million where the MRO is a niche provider that help the customers. While on the other hand the IBM plans to fold MRO into the unit of software

So, this is an example of the acquisition as IBM buy the MRO software

hence, the same is to be considered

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3 years ago
Both Nadia and Samantha are applying to insure their car against theft. Nadia lives in a secure neighborhood, where the probabil
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