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vfiekz [6]
2 years ago
6

Insurance is _____________ when the possible loss is relatively large compared to the amount of the premium.

Business
1 answer:
Andreyy892 years ago
8 0

Using economic understanding, insurance is "<u>Economically feasible</u>" when the possible loss is relatively large compared to the premium amount.

This is because when an individual insured on a premium account loses huge properties that are considerably large compared to the premium paid, this is economically feasible to such an individual.

For example, if an individual has his vehicle worth $1 million on damaged but has only paid less than $100,000 as insurance fee, such individual would have his car replaced by the insurance firm, despite only paying 10 percent of the car price as insurance fee.

Thus, this situation is considered <u>economically feasible.</u>

Hence, in this case, it is concluded that the correct answer is "<u>Economically feasible."</u>

Learn more here: brainly.com/question/13769098

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2 years ago
In one of the training sessions in your company, you notice several members are not from the United States. These members are al
Alja [10]

Answer:

Go-round

Explanation:

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One technique to encourage these members to express their opinion is by employing the go - round discussion method. This can give them the courage to voice their opinion when it is their turn to speak

5 0
3 years ago
Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25
bonufazy [111]

Answer:

$354,500

Explanation:

First find the amount invested ie the Present Value as follows :

n = 25 × 2 = 50

i = 5%

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Pv = ?

Using a Financial Calculator to enter the amounts as above, the Present Value is $145,471

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Thus interest is $354,500 (nearest hundred dollars).

7 0
3 years ago
A company sold 10,000 shares of its common stock at par value for a total of $45,000. What two accounts are affected by the tran
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Answer:

Cash and contributed capital

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The journal entry to record the sale of common stock is shown below:

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8 0
3 years ago
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Nataly [62]

Answer:

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3 0
3 years ago
Read 2 more answers
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