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3 years ago

What is insurance and premium

Business

2 answers:

coldgirl [10]3 years ago

8 0

Answer:

This is your answer

Explanation:

Put simply, an insurance premium is an amount paid for purchasing an insurance plan. An insurance plan is a contract between an insurer and an insured. Any valid contract has a consideration, and the consideration you pay for an insurance policy is called its insurance premium.

tia_tia [17]3 years ago

8 0

An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. ... It also represents a liability, as the insurer must provide coverage for claims being made against the policy.

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Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel

Ulleksa [173]

Answer:

5.52%

Explanation:

For computing the coupon rate we first have to determine the PMT by applying the PMT formula

Given that,

Present value = $954

Future value = $1,000

Rate of interest = 6.2%

NPER = 9 years

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $55.18

Now the coupon rate is

= $55.18 ÷ $1,000

= 5.52%

7 0

4 years ago

What is the maximum locked-rotor

joja [24]

Answer:

because the health quarter 2 module 1 nation during adolescence deped department of education

7 0

3 years ago

The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w

svp [43]

Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

<h3>When is a price considered competitive?</h3>

It means that the price is better than others in the market for a certain good or services.
It is lower than the average price offered by other sellers.

The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

Find out more on markets that allow competitive pricing at brainly.com/question/24877850.

7 0

2 years ago

Simko Company issued $750,000, 8-year, 6 percent bonds on January 1, 2018. The bonds were issued for $710,000. Interest is payab

11Alexandr11 [23.1K]

Answer:

Bond issuance:

Dr cash $710,000

Dr discount on bonds payable $40,000

Cr bonds payable $750,000

The payment of interest on December 31, 2018:

Dr interest expense $50,000

Cr discount on bonds payable $5000

Cr cash $45,000

Explanation:

The bonds were issued at a discount to their face value, as a result, the discount on bonds payable is computed thus:

discount on bonds payable=$750,000-$710,000=$40,000

Bonds payable would be credited with $750,000 while cash and discount on bonds payable would be debited with $710,000 and $40,000 respectively

annual discount amortization=$40,000/8=$5000

annual coupon=$750,000*6%=$45000

6 0

3 years ago

your client began purchasing shares of the gro mutual fund two years ago. she has followed a dollar cost averaging approach by i

Tems11 [23]

The client's average cost per share of GRO is $40.61

<h3>What is the cost per share of stock?</h3>

The most recent price at which a stock has traded is known as the "share price," or market price per share of stock. When the price a buyer is prepared to pay for a stock meets the price a seller is willing to accept for a stock, it happens as a result of market forces. Divide the total cost of the acquisition by the number of shares purchased to arrive at the average price per share.

Given:

Net asset value of fund(X) Number of shares purchased(Y) X×Y

$ 44.44 45 $1,999.80

$ 38.46 52 $1,999.92

$ 33.90 59 $2,000.10

$ 48.78 41 $1,999.98

Total 197 $7,999.80

Client's average cost per share $ 40.61

Average cost per share = 7999.80/197 = $40.61

To learn more about average cost per share, visit:

brainly.com/question/10375920

#SPJ1

5 0

2 years ago