In what way does a deductible help an insurance company?
It adds to the company's pool of funds.
It increases consumers' insurance premiums.
It lowers the payout the company has to make.
It reduces consumers' co-payments.

Answers

Answer 1

Answer:

it lowers the payout the company has to make

Explanation:

Answer 2

Deductible help an insurance company by: It lowers the payout the company has to make.

What is insurance?

Insurance can be defined as the coverage that help to cover costs in case of unexpected circumstance.

Insurance companies often makes use of deductibles by making policyholders to pay part of the claims. This help to reduce the money that the insurance company is expected to pay the policyholder in case of unforessen circumstance.

Inconclusion deductible help an insurance company by: It lowers the payout the company has to make.

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Related Questions

TRUE / FALSE.
the loss-damage waiver covers you should something be stolen from your rental car.

Answers

The statement is TRUE. The loss-damage waiver (LDW) is a type of coverage offered by rental car companies that can protect you in the event of theft or damage to the rental car.

If you purchase the LDW, it typically relieves you of financial responsibility for theft or damage to the rental car, subject to certain terms and conditions. Therefore, if something is stolen from your rental car, the LDW can cover the loss and you may not be liable for the full cost of the stolen item.

However, it's important to note that the specific coverage and terms of the loss-damage waiver can vary between rental car companies and policies. It's advisable to carefully review the terms and conditions of the LDW offered by the rental car company to understand what is covered and any limitations or exclusions that may apply.

Additionally, it's worth considering whether you have other forms of insurance or coverage, such as through your personal auto insurance policy or credit card, which may provide similar protection for rental cars.

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At December 31,2025 , Whispering Corporation had an estimated warranty liability of $80.000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid.) The effective tax rate is 30%. Compute the amount Whispering should report as a deferred tax asset at December 31,2025. Deferred tax asset at December 31,2025$5

Answers

Whispering Corporation should report a deferred tax asset of $5,000 at December 31, 2025, based on the given information. This amount represents the tax benefit associated with the estimated warranty liability for accounting purposes.  Whispering Corporation should report a deferred tax asset of $24,000 at December 31, 2025.

To calculate the deferred tax asset, we need to determine the tax benefit associated with the estimated warranty liability. Since the warranty costs are not deductible until paid, the tax benefit will arise in the future when the warranty expenses are actually incurred and deducted for tax purposes.

Given:

Estimated warranty liability for accounting purposes = $80,000

Warranty liability for tax purposes = $0

Effective tax rate = 30%

To calculate the tax benefit, we subtract the warranty liability for tax purposes from the warranty liability for accounting purposes:

Tax benefit = (Estimated warranty liability for accounting purposes - Warranty liability for tax purposes) * Effective tax rate

Substituting the given values:

Tax benefit = ($80,000 - $0) * 30%

Performing the calculation:

Tax benefit = $80,000 * 0.30

Tax benefit = $24,000

Therefore, Whispering Corporation should report a deferred tax asset of $24,000 at December 31, 2025.

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Jim had a car accident in 2021 in which his car was completely destroyed. At the time of the accident, the car had a fair market value of $30,000 and an adjusted basis of $40,000. Jim used the car 100% of the time for business use. He received an insurance recovery of 70% of the value of the car at the time of the accident. If Jim's AGI for the year is $60,000, determine his deductible loss on the car.

Answers

Answer:

3000 dalers oost

Explanation:

What does it mean to say that a "business" has responsibility?

Answers

Answer:

They can operate a business however they choose, but it must be fair and right to society.

Explanation:They must keep their hours everyday, fair prices, etc

When does information become as liability for an organization

Answers

Answer:

after college hope it help :)

Explanation:

Answer:

when it is not managed properly

Explanation:

PLATO

20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation

Answers

One way the federal government can control inflation is to increase public spending.

Therefore, Option B is the correct option.

What is Inflation?

In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.

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a limited company forfeited 600 shares of 100 each (originally issued at 25%premium payable along with the application money)

Answers

The necessary Journal entries for forfeiture and reissue of shares:

1. Account titles                           Debit      Credit

Share capital a/c                        $42000

       To share allotment a/c                        $3000

       To share first call a/c                           $18000

       To share forfeiture a/c                        $21000

(Being 600 shares were forfeited)

2. Account titles                       Debit      Credit

Bank a/c                                   $39000

Share forfeiture a/c                 $3000

         To share capital a/c                       $42000

(Being forfeited shares were reissued at 70 paid up)

3. Account titles                       Debit       Credit

Share forfeiture a/c                   $18000

         To capital reserve a/c                     $18000

(Being balance of forfeiture a/c is transferred to capital a/c)

Full question ". A limited company forfeited 600 shares of 100 each (originally issued at 25% premium which was payable along with application money) on which allotment money of 20 and first call money of 30 were not received; the final call money of 30 is not yet called. These shares were originally allotted on pro-rata basis in the ratio of 4 : 3. These shares were subsequently reissued at a discount of 5 per share, credited as 70 paid up. Pass necessary Journal entries for forfeiture and reissue of shares.

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why do the risks of material misstatement need to be identified and assessed at the financial statement level in addition to the relevant assertion level for classes of transactions, account balances, and disclosures?

Answers

An audit method known as substantive testing looks at the financial statements and accompanying paperwork to check whether there are any problems.

To substantiate the claim that an entity’s financial records are comprehensive, valid, and accurate, several tests are required. A variety of substantive tests are available for an auditor to employ.RMMs are often recognized and evaluated by the auditor “at the financial statement and relevant assertion levels.”

This is due to the fact that the primary goal of doing the risk assessment is to establish a clear motivation for developing and carrying out further audit procedures.The auditor would have been aware that the information being used was accurate at the level of the financial statement and the relevant assertion.This is so that management’s claims that the financial statements utilized are true can be reviewed, along with the financial statement and any pertinent assertions.

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1. A cylinder contains600cc of ideal gas at 27°C and 650mm of pressure At constant pressure, the
volume of gas at 0°C is
(1 Point)
273cc
546cc
819cc
1365cc​

Answers

Answer:

\(546\ \text{cc}\)

Explanation:

\(V_1\) = Initial volume of gas = 600 cc

\(V_2\) = Final volume of gas

\(T_1\) = Initial temperature of gas = \((27+273.15)\ \text{K}\)

\(T_2\) = Final temperature of gas = \((0+273.15)\ \text{K}\)

We know that

\(V\propto T\)

So

\(\dfrac{V_2}{V_1}=\dfrac{T_2}{T_1}\\\Rightarrow V_2=V_1\dfrac{T_2}{T_1}\\\Rightarrow V_2=600\dfrac{0+273.15}{27+273.15}\\\Rightarrow V_2=546\ \text{cc}\)

The volume of gas at the given temperature is \(546\ \text{cc}\)

Explain any four points to be
consired while conducting a business​

Answers

Answer: See explanation

Explanation:

The things to consider while conducting a business include:

a. Business idea: The main thing to consider when conducting a business is to have a business idea. One has to come up with an idea there unique and would make he or she standout from others. The business idea should be able to solve the challenges that people face with regards to a certain issue.

b. Location: Another factor is location. When conducting a business, it is important to set it up in a location that can be easily accessible for the people. Also, a location close to the market and nearer to the raw materials used for the production process should be chosen.

c. Finance: Without the required funds, no business can be set up. Therefore, it's important for one to have the funds ready to start the business. This can be from personal savings, loans etc.

d. Competition: It is vital for one to know his or her competitors and how ones business can stand out from others.

how does the elimination period affect the cost of premium?

Answers

The elimination period is the waiting period before an insurance policy starts paying benefits. A shorter elimination period typically results in a higher premium cost, while a longer elimination period usually lowers the premium.

The elimination period is an important factor in determining the cost of an insurance premium. It represents the duration during which the policyholder must cover their own expenses before the insurance benefits kick in. Insurance companies offer different options for the elimination period, ranging from a few days to several months.

When selecting a shorter elimination period, the insurance company assumes a greater risk of having to pay out benefits sooner. To compensate for this increased risk, they charge a higher premium. On the other hand, a longer elimination period means that the policyholder will need to cover their expenses for a longer period before receiving insurance benefits. This reduces the risk for the insurance company, resulting in a lower premium.

Therefore, if an individual chooses a shorter elimination period, they will have higher premium payments due to the increased likelihood of making a claim sooner. Conversely, opting for a longer elimination period lowers the premium cost since the insurance company's risk exposure is reduced. It's essential for individuals to carefully evaluate their financial situation and needs to strike a balance between the elimination period and premium cost that aligns with their specific circumstances.

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Suppose a tax per unit is imposed on this market and the new equilibrium quantity is 30. What is the tax per unit imposed in this market?.

Answers

50 to 100 units will make up the equilibrium quantity.

Equilibrium Quantity: What Is It?

A product is neither in short supply nor in excess when its quantity is in equilibrium. When supply and demand cross, the amount of a good that consumers desire to buy is equal to the amount that its manufacturers are supplying.

The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity sought by consumers and the quantity supplied by producers, respectively, are equal. The equilibrium quantity is the name given to this common quantity.

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Kacey grew up sailing and still loves it today. After securing a great job after graduation, he started saving for his own sailboat. He had his eye on one in particular and had saved about half what he needed when his company transferred him to Phoenix, which didn't have the same recreation options. Which of the following best describes Kacey?
a. Kacey is both in the market and the target market for the sailboat.
b. Kacey is not in the market for the sailboat yet.
c. Kacey was in the market for the sailboat prior to his move to Phoenix.
d. Kacey is in the market for this sailboat but not the target market

Answers

Answer:

b.

Explanation:

Based on the scenario at hand and the different options listed it can be said that the one that best describes Kacey is that Kacey is not in the market for the sailboat yet. That is because even though Kacey loves sailing, where she currently lives (Phoenix) does not have places to sail. Also, she does not even have the money to buy a sailboat yet and therefore is not in the market to buy one at the current moment in her life.

Help me guys please! I have to submit it today :((

Answers

Answer:

oh no!

Explanation:

SOWWYYYY!!!

Teams have better communication than other workers because they get to
a. Know each other better
b. Attend commurication seminars
C. Earn extra benetits packages
d. Use better telephones

Answers

B lol ur welcome very much ok

transitioning successfully from old procedures to a new erp system and the associated new processes typically requires . a. sufficient time b. a competitive advantage c. new employees d. little effort

Answers

The transitioning successfully from old procedures to a new ERP system and the associated new processes typically requires :sufficient time and  new employees because it is a complex process and sufficient is required to manage and integrate the things. Thus option (a) and (c) are correct.

What is an Enterprise resource planning (ERP) ?

An Enterprise resource planning ERP system integrates many functions across the business, such as financial management, human resources, sales and manufacturing, to deliver benefits such as increased productivity and efficiency.

ERP implementation describes the process of planning, configuring and deploying an ERP.

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Suppose that an economy is in long-run equilibrium at a price level of 100 and a full-employment real GDP of $520 billion. A recession occurs resulting from a $120 billion decrease in aggregate demand. In order to restore the economy to full employment given an MPC of 0.75, taxes would need to:

Answers

To increase aggregate demand by $120 billion and restore full employment, the government would need to decrease taxes by $30 billion (120/4).

In order to restore the economy to full employment, the government would need to implement policies to increase aggregate demand back to its previous level. One way to achieve this would be through a decrease in taxes, which would increase disposable income and consumption spending. The multiplier effect refers to the idea that a change in one component of aggregate demand can lead to a larger change in overall demand, as increased spending by consumers leads to increased production and hiring by firms, which in turn leads to even more spending. The spending multiplier is calculated as 1/(1-MPC), where MPC is the marginal propensity to consume. In this case, given an MPC of 0.75, the spending multiplier would be 4.

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the adjustable rate mortgage is for 15 years with monthly payments. loan amount is $100,000. during the first 7 years, the annual mortgage rate is 10%, while during the last 8 years, the rate is 7.5%. what is the monthly mortgage payment during the last 8 years (rounded to the nearest dollar)?

Answers

The monthly mortgage payment during the last 8 years is $ 833.4. To calculate monthly mortgage  $100,000 multiply by rate of annual mortgage divide by 12.

What is mortgage?

When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.

Advantages of a mortgage

You will continue to legally own the property as long as you use the loan money to support your necessities.Due to the fact that mortgage loans are secured, they are frequently granted.Compared to personal loans, mortgage loans have much lower interest rates.

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Credit that can be increased up to a certain point is called?

A. Open ended credit
B. Closed ended credit
C. Bankruptcy
D. Respossess

Answers

Answer:

Open Ended credit

Explanation:

positive outcomes of entrepreneurship in marketplace

Answers

Answer: New and improved offerings, products or technologies from entrepreneurs enable new markets to be developed and new wealth created. Additionally, the cascading effect of increased employment and higher earnings contribute to better national income in form of higher tax revenue and higher government spending. Entrepreneurship and Innovation minors will be able to sell themselves and their ideas. Students master oral and visual presentation skills and establish a foundation of confidence in the skills necessary to cause others to act. Entrepreneurship and Innovation minors will be able to find problems worth solving. Economic growth. The bottom line of vibrant entrepreneurialism is that it creates wealth: for the entrepreneur, for the people that are employed as a result and for the local economy. ... Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

Hope this helps....... Stay safe and have a Merry Christmas!!!!!!! :D

Which is an example of a meta-search engine?


a) Hilton website
b) Hotels.com
c) Kayak
d) All of these

Answers

Answer:

c) Kayak

Explanation:

I got it right

Kayak is an example of a meta-search engine. Unlike a traditional search engine that searches its own database of indexed web pages, a meta-search engine gathers results from multiple search engines and presents them to the user. Hence, option C is the correct answer.

Kayak specifically focuses on aggregating travel-related information, including flights, hotels, and car rentals, from various sources such as airlines, hotel booking websites, and other travel search engines.

By providing results from multiple sources, Kayak allows users to compare prices, availability, and other relevant information across different platforms.

Hence, option C is the correct answer.

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1. The mercantilists would have objected to:
a. Export promotion policies initiated by the government
b. The use of tariffs or quotas to restrict imports
c. Trade policies designed to accumulate gold and other precious metals
d. International trade based on open markets

Answers

The mercantilists would have objected to international trade based on open markets due to several reasons. Mercantilism is an economic theory that was prevalent in Europe from the 16th to the 18th century. It emphasizes the need for a positive balance of trade and advocates for the accumulation of wealth.

Mercantilists believed in a limited amount of wealth in the world, and thus, nations should strive to accumulate as much of that wealth as possible. This led to the promotion of policies that encouraged exports and discouraged imports.


Firstly, open markets would make it difficult for a nation to maintain a favorable balance of trade, as unrestricted imports could lead to an outflow of precious metals like gold and silver. Mercantilists aimed to minimize imports and promote domestic production to ensure a surplus in exports, generating wealth for the nation.

Secondly, mercantilists advocated for protectionist policies, such as tariffs and quotas, to protect domestic industries from foreign competition. Open markets, on the other hand, would remove these barriers, potentially exposing domestic industries to foreign competition, which could lead to job losses and economic instability.

Lastly, mercantilists believed in the importance of state control over economic activities. Open markets promote free trade and limit government intervention, which would have been viewed as a threat to national power and wealth accumulation.

In conclusion, mercantilists would have objected to international trade based on open markets, as it contradicts their core beliefs in promoting a positive balance of trade, protecting domestic industries, and maintaining state control over economic activities.

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When referring to factors of production,
which of the following is an example of land?

Answers

Answer:

The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests.

.Big Drill Oil Company employees one hundred workers. Big Drill must do all of the following except:
a. keep occupational injury and illness records for each employee.
b. report any work-related diseases directly to OSHA.
c. report any employee death due to a work-related incident to OSHA within eight hours.
d. pay employees higher wages for working in more dangerous areas.

Answers

Option (d), Big Drill Oil Company does not have to pay employees higher wages for working in more dangerous areas.

OSHA regulations, employers are required to keep occupational injury and illness records for each employee, report any work-related diseases directly to OSHA, and report any employee death due to a work-related incident to OSHA within eight hours. However, there is no requirement for employers to pay higher wages for working in more dangerous areas. This may be a decision made by the company as part of their compensation and risk management strategies, but it is not a legal requirement under OSHA.

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True or false. Brainly is mostly wrong :/

Answers

Answer:

it depends sometimes hahah

Explanation:

I mean sometimes they give you the right answer and sometimes not

Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $400 million on January 1, 2021, for $315,248,200. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31.Required: 1. What would be the net amount of the liability Myriad would report in its balance sheet at December 31, 2021?2. What would be the amount related to the bonds that Myriad would report in its income statement for the year ended December 31, 2021?

3. What would be the amount(s) related to the bonds that Myriad would report in its statement of cash flows for the year ended December 31, 2021?

Answers

Net amount of the liability Myriad would report in its balance sheet on December 31, 2021, would be $343,436,800.

1. The net amount of liability Myriad would report in its balance sheet on December 31, 2021 would be calculated as follows:

Calculate the present value of the bonds using the market interest rate of 14%.

The present value of a $1,000 bond with a 10% coupon and a 14% market interest rate is $860.

Bond market price = $860 × 400,000

                               = $344,000,000.

Less:

Unamortized premium = $344,000,000 − ($315,248,200 − $28,188,000)

                                      = $344,000,000 − $343,436,800

                                      = $563,200.

Net amount of the liability Myriad would report in its balance sheet on December 31, 2021, would be $343,436,800.

2. The amount related to the bonds that Myriad would report in its income statement for the year ended December 31, 2021 would be calculated as follows:

Interest expense = Carrying value of the bonds × Market interest rate × Fraction of the year the bonds were outstanding

                            = ($315,248,200 + $28,188,000) × 14% × 6/12

                            = $27,222,792.

The amount related to the bonds that Myriad would report in its income statement for the year ended December 31, 2021, would be $27,222,792.

3. The amount(s) related to the bonds that Myriad would report in its statement of cash flows for the year ended December 31, 2021 would be calculated as follows:

Cash paid for interest = Coupon rate × Face amount of the bond × Fraction of the year the bond was outstanding

                                    = 10% × $400,000,000 × 6/12

                                    = $20,000,000.

The amount related to the bonds that Myriad would report in its statement of cash flows for the year ended December 31, 2021, would be $20,000,000.

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The federal reserve can affect you through

Answers

As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.

If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

The general ledger account for Accounts Receivable shows a debit balance of AED 50,000 . The Allowance for Doubtful Accounts has a credit balance of AED 1.000. If management estimates that 5% of Accounts Receivable will prove uncollectible, Bad Debts Expense would be recorded for A. AED 1,500. B. AED 2.540. C. AED 2.500. D. AED 3,500 .

Answers

Bad Debts Expense would be recorded for C AED 2,500. This amount is calculated by multiplying the estimated percentage of uncollectible accounts (5%) by the Accounts Receivable balance (AED 50,000) minus the credit balance in the Allowance for Doubtful Accounts (AED 1,000).

To determine the amount of Bad Debts Expense, we need to calculate the estimated uncollectible amount based on the given information. The Accounts Receivable balance of AED 50,000 represents the total amount owed to the company by its customers. The Allowance for Doubtful Accounts is a contra-asset account used to estimate and offset the potential losses from uncollectible accounts. In this case, it has a credit balance of AED 1,000.

To estimate the Bad Debts Expense, we multiply the estimated percentage of uncollectible accounts (5%) by the net Accounts Receivable balance. The net balance is calculated by subtracting the credit balance in the Allowance for Doubtful Accounts (AED 1,000) from the Accounts Receivable balance (AED 50,000). 5% of AED 49,000 (AED 50,000 - AED 1,000) equals AED 2,450. However, since the options provided are rounded, the closest amount is AED 2,500. Therefore, Bad Debts Expense would be recorded for AED 2,500 in this scenario.

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What’s the answer???

Whats the answer???

Answers

Answer:

I am not sure but I think it would be B right?

Explanation:

Because she already has $10 to go to the movie right, so she would use that 10 dollars to go to the movie with her friend?

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Be sure to include where the process occurs in the Mitochondria.Glycolysis is the first stage in cellular respiration where glucose is broken down. It splits glucose (6 C molecule) in half into 2 pyruvate (3 C molecules). Produces ATP and pyruvate. Occurs in the Cytoplasm. Match the following terms with the correct definition.Heart DiseaseArthritisAsthmaCancerDiabetes_____ is an illness that results from the heart and blood vessels not working properly.arrowRight_____ is a disease that causes swelling and pain in a person's joints.arrowRight_____ is a disease that makes it difficult for the person to breath.arrowRight_____ is an illness caused when abnormal cells within the body continue to grow and spread.arrowRight_____ is a disease that affects the way the body uses its main source of fuel. Enzymes can be inhibited in different ways. Describe two methods of enzyme inhibition by describing similarities and differences. please show the steps clearly.you are appreciated(One forward rate) is the forward rate If the spot rates for 1 and 2 years are s = 6.3% and s = 69%, what /12? Which technology is shown in the diagram? About 10 percent of cases of cerebral palsy are the result of __________ during labor and delivery.A)an inadequate oxygen supplyB)anestheticsC)epidural analgesiaD)medical interventions Which of these is the best option to use for generating a research question? (10 points)Dictionary entriesAssembly instructionsKey wordsNovel titles2. Which of these is the best tool to use to begin your research? (10 points)Internet search engineInterview with a friendIndex of an encyclopediaEntry in the dictionary3. What is one strategy to use to determine if a source is credible? (10 points)Ask a friend if he thinks the information is factual.Check to see if it provides references and statistics.Determine that other sources do not provide the same information.Make sure it allows readers to edit information.4. Write out three different search phrases you could use to find information about reality television on the internet. (15 points)5. You have been asked to write a paper on endangered species. In a paragraph of at least six sentences, describe the steps you will take to conduct your research. (20 points) someone help me please Assign each figure to one of these laws, then explain the difference between the figures Why did the Continental Congressmeet in Philadelphia instead ofBoston?A. It was farther away from key battles of theAmerican Revolution.B. It was the capital of the United States in 1774.C. All trade went through Philadelphia in thecolonies. Anyone know?????????? What is the answer to this?been trying to scam it theres no clear answer,with poem