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:
forecast for the period = 496
Explanation:
given data
demand forecast = 500 units
actual demand = 480 units
alpha value = 0.20
to find out
forecast for this period
solution
we get here forecast for the period that is express as
forecast for the period = Alpha × actual demand + (1 - alpha) × demand forecast .....................1
put here value we get
forecast for the period = 0.20 × 480 + (1 - 0.20) × 500
forecast for the period = 96 + 400
forecast for the period = 496
Answer:
Net cost = $(120,000)
Explanation:
Division A is already operating at full capacity. This implies that it can sell all (60,000 units)l that it can produce. To preserve it current level of profit, any units sold to Division B would profitable provided it generates the same of amount of contribution currently earned.
Contribution earned from external sales = 25 - (13+3)= $9
Contribution earned from internal sales = 16- 13 = $3
Note that the variable market cost is not included in computing the contribution earned from internal sales because there wont be marketing cost.
Lost in contribution per unit from internal sales = $9- $3 = $6
Total loss = $6× 20,000 =($120,000).
Net cost = $120,000
Answer:
One is that inequality increases the sense of entitlement in higher‐class people, because they engage more often in downward social comparisons. Another is that higher‐class people may be more concerned about losing their privileged position in society if they perceive a large gap between the rich and the poor
