Insurance is a financial service that allows a consumer to share liability with a company.
Insurance can be defined as an insurance coverage that help to cover costs incase of unforeseen circumstance thereby saving cost.
Insurance company makes it possible for consumer that are under an insurance coverage to share liability with a company incase of unforeseen circumstance.
Inconclusion Insurance is a financial service that allows a consumer to share liability with a company.
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Answer:
C
Explanation:
B. to exclude others from using the item
C. to use an item as you wish (within the law)
D. to use the item to cause harm to another person
D is the correct answer
Answer: January 26
Explanation:
A life insurance policy is simply a contract that an individual has with an insurance company whereby the individual makes premium and in turn, the insurance company would have to give a death benefit, to the beneficiaries of the insurance policy once the insured dies.
Based on the information in the question, the coverage become effective on January 26 which was the day the policy was delivered and the first premium was collected.
The coverage of the life insurance policy becomes effective on 26th January.
A life insurance policy is an agreement between a policyholder and a life insurance company. In return for premiums paid by the policyholder during their lifetime, a life insurance policy promises the insurer will pay an amount of money to one or more named beneficiaries after the covered person passes away.
Life insurance is a binding agreement that provides the policyholder with a death payout in the event that the covered person passes away.
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Answer:
rises above; rises above
Explanation:
According to the Taylor rule, the Fed should raise the federal funds interest rate when inflation rises above the Fed's inflation target or when real GDP rises above the Fed's output target.
Answer:
The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.
Explanation:
b) $21,000.
c) $20,000.
d) $18,000.
e) $27,000.
Answer:
c) $20,000.
Explanation:
The computation of the estimated ending inventory is shown below:
We know that
Cost of goods sold = Beginning inventory + purchase made - ending inventory
And, the
Sales - gross profit = Cost of goods sold
$100,000 - $100,000 × 30% = Cost of goods sold
So, cost of goods sold would be
= $100,000 - $30,000
= $70,000
Now the ending inventory would be
$70,000 = $18,000 + $72,000 - ending inventory
$70,000 = $90,000 - ending inventory
So, the ending inventory would be
= $90,000 - $70,000
= $20,000
Based on 30% gross profit ratio, the estimated end inventory for the Big Box Store for the second quarter is $20,000, after accounting for cost of goods sold from the total available inventory.
The Big Box Store operates at a 30% Gross Profit Margin, implying 70% of the sales are accounted as Cost of Goods Sold (COGS). Therefore, the COGS for the second quarter would be $100,000*0.7 = $70,000.
The initial inventory at the beginning of the quarter was $18,000 and $72,000 amount of inventory was purchased during the quarter. So total available inventory is $18,000 + $72,000 = $90,000.
If we subtract the COGS from total available inventory that gives us the estimated ending inventory. That is $90,000 - $70,000 = $20,000. Therefore the estimated ending inventory from Box Store will be $20,000.
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Answer:
B is the correct option.
Explanation:
Everyday low price (EDLP) is the pricing strategy under which the retail stores provides low price without waiting for the sale events. In this strategy, the firm sets a low price and maintains it for a long time horizon. Walmart is One company who succeeded due to everyday low pricing strategy. The retailer following this strategy offers its customers low prices throughout the year. Although this strategy offers slim margins the retailer manages to generate huge profits.
An everyday low pricing strategy stresses the continuity of retail prices at a level between the regular price and the deep-discount sale prices of competitors.
An everyday low pricing strategy is a pricing strategy used by retailers where retailers promise customers low prices without having to wait for promos, sales, coupons or discounts.
The purpose of everyday low pricing strategy is to attract customers and increase market share.
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