when the federal government's collection of tax revenues is less than what it spends in a given year, it results in a
Answers
When the federal government's collection of tax revenues is less than what it spends in a given year, it results in a balance of payments deficit.
Demonstrate balance of payments deficit.A country with a balance of payments deficit imports more goods, capital, and services than it exports. To pay for its imports, it must take from other countries. The country could make use of its foreign exchange reserves to make up any shortfall in the BOP: Official reserve sales occur when the reserve bank sells foreign currency when there is a deficit. The overall balance of payments deficit or surplus is defined as the change in official reserves. The underlying premise is that any deficit or surplus in the BOP is ultimately financed by or received by the monetary authority. Under the rule of fixed exchange rates, official reserve transactions are more important than when exchange.
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Related Questions
A goal that you want to achieve by next year is which type of goal?
A.
Short-term
B.
Intermediate
C.
Long-term
D.
Lifestyle
Answers
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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An application for health insurance was submitted on November 1 with the initial premium and a conditional receipt was provided. Due to an existing medical condition, the underwriter requested an Attending Physician Statement, medical exam, and MIB report. After reviewing all sources of insurability, the insurer issued the policy as substandard with a surcharge. The policy was delivered by the producer on December 1 after explaining the coverage and surcharge, obtaining the statement of good health, and collecting the premium. Coverage became effective as of the date the:
Answers
Answer:
B. Agent explained the policy coverage, surcharge, and collected the additional premium
Explanation:
The options were not included in the question:
A. Medical exam was completed and underwriting reports were received B. Agent explained the policy coverage, surcharge, and collected the additional premium C. Policy was mailed to the agent for legal delivery D. Application and initial premium were submitted, and conditional receipt was providedBasically the coverage will become effective after the additional premium is collected and all the changes to the policy have been explained to the customer. Insurance policies generally only become effective after the whole premium has been paid. There is no such thing as insurance credit. Imagine if you could purchase insurance on credit, no one would pay the policies if nothing bad happened to them . The whole concept of insurance is about it being prepaid.
Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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four descriptive terms describing possible experience a person may have
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1) John has had instructors that have improved her coding skills.
2) Adam has traveled to many different parts of the world.
What do personal competencies entail in a job?Personal skills, often known as interpersonal or people skills, are a category of soft skills that deal with how a person communicates and interacts with others as well as their surroundings. It can be more difficult to master personal skills. Some of them are dependability, flexibility, problem-solving, and communication.
To submit an effective job application, you must be aware of these talents and how demonstrate that you have acquired them. Interpersonal aptitude increases approachability, likeability, and comfort. Strong interpersonal communication abilities are a quality that managers strive for when leading their teams. They give employees the impression that they can approach their managers with any issues or worries, which is crucial.
3) Joseph has worked at Apple for 15 years.
4) Mary is a good leader and has a capacity for teamwork.
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The complete question is:
Create a bulleted list of four descriptive terms describing possible experience a person may have in job or business.
which of the following is usually taken into consideration when determining where to market a newspaper?
Answers
When determining where to market a newspaper, several factors are usually taken into consideration.
1. Target audience: Identifying the demographics, interests, and preferences of the potential readers to ensure that the newspaper reaches the right audience.
2. Geographic location: Choosing the appropriate region or locality where the target audience resides to maximize the newspaper's reach and influence.
3. Market competition: Analyzing the presence of other newspapers and publications in the area, to determine the level of competition and find ways to differentiate the newspaper.
4. Distribution channels: Selecting the most efficient and effective means to distribute the newspaper, such as through newsstands, subscriptions, or online platforms.
5. Advertising potential: Assessing the local businesses and advertisers that might be interested in placing ads in the newspaper, as this directly impacts the revenue and viability of the newspaper.
By considering these factors, one can make an informed decision on where to market a newspaper to ensure its success and profitability.
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Disadvantages of a Limited Liability Company
Answers
Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office.
Transferable ownership: Ownership in an LLC is often harder to transfer than with a corporation. With corporations, shares of stock can be sold by the corporation to increase ownership and, unless there is a shareholder agreement to the contrary, the shareholders can sell their shares to someone else. Typically, with LLCs, unless the members agree otherwise, all members must approve adding new members or altering the ownership percentages of existing members.
Question: Hello: )✨Disadvantages of a Limited Liability Company ?
Answer: The disadvantages include unlimited liability, limited financial resources, difficulty in management, overwhelming time commitment, few fringe benefits, limited growth, and limited life span.An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office.
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Explanation:
You go to buy a new computer and the salesperson tries to sell you an "extended warranty." You know that extended warranties can add a lot to the purchase price of the computer but you want some protection in case your computer breaks down. What are three questions you should ask before you agree to the contract?
Answers
Answer:
Extended warranty means provided extra protection to the breakage or problems occurred on a newly purchased item for a longer period.
Explanation:
Extended warranty is also known as the service agreement or maintenance agreement that is offered to a customer when they plans to purchase a new item like any electronic item including laptops, mobile phone, television, camera ,etc. It provides extra prolonged protection to the item or device than the regular warranty period.
In the context, the questions that I will ask the salesperson before agreeing the contract on the extended warranty on the purchase of the new computer are :
1. What is the extra amount I have to pay for the extended warranty.
2. For how long this "extended warranty" covers or protects my computer.
3. The extended warranty provides coverage on what items items and what defects.
What is an example of SECONDARY market research
Answers
Answer:
News articles and Reports
Explanation:
its how they draw their data
Answer: Market research that's already compiled and organized for you. Examples of secondary information include reports and studies by government agencies, trade associations or other businesses within your industry.
Explanation: Secondary research uses outside information assembled by government agencies, industry and trade associations, labor unions, media sources, chambers of commerce, and so on. It's usually published in pamphlets, newsletters, trade publications, magazines, and newspapers. Secondary sources include the following: public and commercial sources
Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Transaction impact table Impact 1 Impact 2 Paid monthly note payment to bank Sold inventory on account Bought supplies, to be paid for next month Received cash from sales this month Paid for inventory purchased on account last month
Answers
Answer:
The impact of the transactions on the accounting equation, Assets = Liabilities + Equity, is as follows:
Paid monthly note payment to bank:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Bank Loan) decreases
Sold inventory on account:
Impact 1: Assets (Accounts Receivable) increases
Impact 2: Equity (Revenue) increases
Bought supplies, to be paid for next month:
Impact 1: Assets (Supplies) increases
Impact 2: Liabilities (Accounts Payable) increases
Received cash from sales this month:
Impact 1: Assets (Cash) increases
Impact 2: Equity (Revenue) increases
Paid for inventory purchased on account last month:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Accounts Payable) decreases
It is important to note that for each transaction, one side of the equation must increase and the other side must decrease in order to keep the equation in balance.
Explanation:
Explain how Apple employed the marketing concept in designing, promoting, and supplying the
iPhone.
Identify the key benefit(s) for consumers relative to comparable competitive offerings (how does
the iPhone compare with their competition such as Samsung or LG?)
Answers
Answer:
They helped pioneering the next generation of technology by their advertising and making it as comfortable as it is.
Explanation:
Apple intelligently and utilizes numerous advertising to increase everyone to be curious. They keep attracting people's souls in a somewhat way that they're in lineups for lengthy hours only to purchase their items.
Apple's main factors that influence its intelligent marketing development are to increase its reputation as well as different goods. Differentiation strategy is perhaps the foremost significant approach adopted by Apple to market items that are distinctive as well as substantially intellectually superior of such companies.
The main advantages of similar competitive offers for customers are:
Uniqueness has therefore overridden competitiveness in prices.Links effectively with users.
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An electrician charges a flat service fee to accept a job and an additional hourly rate to complete the job. the amount an electrician charges per job can be represented by the function e(x) = 125 24x, where x represents the number of hours she works on the job and 125 represents her flat service fee. what is the interpretation of the slope in the context of the problem? if the electrician works for 24 hours, her pay will be $125. if the electrician works for 0 hours, her pay will be $24. for every hour the electrician works, her pay will increase $125. for every hour the electrician works, her pay will increase $24.
Answers
The interpretation of the slope in the context of the problem is: d. for every hour the electrician works, her pay will increase $24.
SlopeThe given function is e(x) = 125 +24x
where:
x represents the number of hours she works on the job
125 represents her flat service fee
Hence:
Slope formula is:
y =mx + c
where,
x =x-axis coordinate
y= y-axis coordinate
m=slope of the line
c =y-intercept
Since x represents the number of hours she works on the job. The interpretation of the slope in the context of the problem is that for every hour the electrician works, her pay will increase $24.
Therefore the correct option is D.
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Consumers have the right to choose from numerous products in a competitive marketplace. Who suffers when there is less competition? A. business B. consumers C. government
Answers
Customer history is an example of what type of information?
Answers
Customer history is the example of transaction personal information. It is because customer history contain privacy information.
Personal information also known as 'Information or an opinion about an identified individual, or also known as an individual who is reasonably identifiable generally can be defined as the opinion or information is true or not; and. whether the information or opinion is recorded in a material form or not. The example of personal information are an individual's name, signature, address, phone number or date of birth, sensitive information, employee record information, and also customer information.
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I NEED HELP WITH MOSTLY THE SECOND AND THIRD PART OF THIS.
Aracel Engineering completed the following transactions in the month of June.
J. Aracel, the owner, invested $175,000 cash, office equipment with a value of $7,100, and $67,000 of drafting equipment to launch the company.
The company purchased land worth $60,000 for an office by paying $6,400 cash and signing a note payable for $53,600.
The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b.
The company paid $3,600 cash for the premium on an 18-month insurance policy.
The company provided services to a client and collected $8,000 cash.
The company purchased $32,000 of additional drafting equipment by paying $11,000 cash and signing a note payable for $21,000.
The company completed $16,000 of services for a client. This amount is to be received in 30 days.
The company purchased $1,100 of additional office equipment on credit.
The company completed $26,000 of services for a customer on credit.
The company purchased $1,489 of TV advertising on credit.
The company collected $10,000 cash in partial payment from the client described in transaction g.
The company paid $1,200 cash for employee wages.
The company paid $1,100 cash to settle the account payable created in transaction h.
The company paid $1,090 cash for repairs.
J. Aracel withdrew $10,290 cash from the company for personal use.
The company paid $1,600 cash for employee wages.
The company paid $3,500 cash for advertisements on the Web during June.
Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Services Revenue (403); Wages Expense (601); Advertising Expense (603); and Repairs Expense (604).
Post the journal entries from part 1 to the ledger accounts.
Prepare a trial balance as of the end of June.
Answers
Purchased additional office equipment with a credit line of 106,000 dollars . The transactions' general journal entries are as follows
J. Aracel put money into the business:Cash (101) 175,000
Office Supplies (163) 7,100
Drafting Supplies (164) 67,000
J. Aracel, Capital (301) 249,100
Purchasing a portable building:
Land (172) 60,000
Cash (101) 6,400
Notes Payable (250) 53,600
Building: 54,000 dollars
Cash: 54,000 dollars
Paid for insurance:
Cash or Prepaid Insurance (101) 3,600
facilitated services and gathered funds:
Services Revenue (403) 8,000
Paid for additional drafting equipment:
Equipment for drafting (164) 32,000
Cash (101) 11,000
Notes Payable (250) 21,000
Paid-for services:
Services Revenue (403) 16,000
Purchased additional office equipment with a credit line of 106,000 dollars:
Equipment for the office (163) 1,100
Accounts Payable (201) 1,100
Credit-worthy services:
26,000 in accounts payable (106).
used credit to purchase TV advertising:
Advertising Expense (603) 1,489
Accounts Payable (201) 1,489
Received cash in the following accounts:
Ten thousand dollars in cash (101) and 10,000 dollars in accounts receivable (106)
Expenses pertaining to wages (601) 1,200 Cash (101,200) Paid accounts payable:
Cash (101) 1,100, Accounts Payable (201) 1,100,
Paid for repairs:Expenses for repairs (604) 1,090 Cash (101) 1,090 J. Aracel took cash out:
J. Aracel, Cash Withdrawals (302) 10,290 Cash Paid Employee Wages (101) 10,290
Cost of wages (601) 1,600 Cash (101,600) Paid for internet advertising:
Accounts for advertising expenses (603) 3,500 and cash (101) 3,500 are as follows:
Cash (101) Date Description Debit Credit Balance
6/1 J.
Aracel investment 175,000 175,000
6/2
Land purchase 6,400 168,600
6/3
Building purchase 54,000 114,600
6/4
Insurance payment 3,600 111,000
6/5
Services provided 8,000 119,000
6/6
Purchase of drafting equipment 11,000 108,000
6/6
Notes payable 21,000 87,000
6/7
Services provided on credit 16,000 71,000
6/8
Purchase of office equipment 1,100 69,900
6/9
Services provided on credit 26,000 43,900
What are Journal Entries?All financial transactions are recorded in the accounting journal, which is the book where these entries are made, prior to being transferred to the general ledger. Each journal entry includes the date of the transaction, the accounts involved, and the amount of the transaction. The purpose of journal entries is to keep track of all financial activities and ensure that the financial statements are accurate.
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A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. True or False. This provides a fair estimate of the strength of the association between alcohol consumption and skin cancer. True False
Answers
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. False
In this case, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63. But it is not completely appropriate to conclude that this correlation provides a fair estimate of the strength of the association between alcohol consumption and skin cancer because the correlation coefficient only provides information on the strength and direction of the association between the two variables. It does not indicate the causation of the relationship.
Therefore, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. Hence, we can say that the correlation coefficient provides a fair estimate of the strength of the association between alcohol consumption and skin cancer is False. Therefore, the correct answer is False.
In a nutshell, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. So, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63, which does not provide a fair estimate of the strength of the association between alcohol consumption and skin cancer.
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give short introduction about tourism industry
Answers
Answer:
Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.
Answer:
Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.
Operations management is only about being as cost-effective as possible.
O True
O False
Answers
Answer:
True
Explanation:
Any kind of practice which allows a business or other organization to maximize the use of their inputs by developing products at a faster pace than competitors or reducing defects, for example.
can u give me an example of destructive and constructive? don't mind the subject by the way.
Answers
i believe constructive is like building something up (constructive criticism)
destructive is the opposite
section of the screen used to display the contents of a file on a
program such as Microsoft Word
Answers
On an operating system with a GUI (graphical user interface), a document window is a portion of the screen used to show the contents of a document file.
What is a display option in Word?Options for page display Display top and bottom margins of the page, including header and footer content, in the Print Layout view Choose this option to display the white space between pages. Show highlighter markings Choose this option to show underlined text in printed documents and on the screen.
The cat command can also be used to show the contents of single or multiple files on your screen. You can read a file's contents one full screen at a time by using the cat command along with the pg command. Using input and output redirection, it is also possible to view the contents of files.
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state farm has a commitment to service, which is one way of managing for
Answers
state farm has a commitment to service, which is one way of managing for competitive advantage.
The ability to execute at a better level than others in the same sector or market is referred to as having a competitive edge (Christensen and Fahey 1984, Kay 1994, Porter 1980 cited by Chacarbaghi and Lynch 1999, p. 45). Due to current concerns about higher performance levels of organizations in today's competitive market, the study of this advantage has gained significant research interest. When a company is adopting a value-creating strategy that isn't being done at the same time by any other players, current or potential, it is considered to have a competitive edge (Barney 1991 cited by Clulow et al.2003, p. 221).
The edge a company has over its rivals is known as a competitive advantage. By providing them with better and higher value, this can be accomplished.
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A healthcare organization with 2 hospitals, 20 clinics, and 3 urgent care centers belongs to an ACO program. They have been in the shared savings program for two years and are now eligible to move large payments to a population-based model as they have been successful in keeping costs down and have met all the CMS benchmarks set for them. What type of ACO is this
Answers
Answer:
Pioneer ACO Model
Explanation:
The Pioneer ACO Model refer to the cms innovation center where it designed to support the organization with experience or the similar arrangement that could provide more coordinated care at the lower cost Since in the given situation they are eligible and shift to the large kind of payment so that the cost can be come down also it mets the benchmarks of the CMS so here the pioneer ACO model could be considered
A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax
Answers
A regressive tax is a tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.
What is regressive tax?When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.
Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.
Thus, option D is correct.
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The before-tax cost of debt for a firm which has a 40 percent marginal tax rate is 12 percent. The after-tax cost of debt is.
Answers
Answer:
7.2 percent
Explanation:
Santiago created a ______ when he wrote down the vision for his product including the features of the product and target market.
Answers
When Santiago wrote down vision for his product as well as the features and target market, he creates his Product vision statement.
The Product vision statement is a statement which describes the essence, vision, features, and the problem that the product is solving in the target market.
In other word, the Product vision statement describes where the product ultimately want to go.
Therefore, Santiago is creating his Product vision statement by writing down the vision for his product as well as the features and target market,
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What are the key characteristics of a well-designed performance appraisal?
Select all that apply.
Focus on job-related tasks
Conducted by a trained manager
Based on company policy
Opportunities for employee feedback
Clear management feedback
Answers
The key characteristics of a well-designed performance appraisal include a focus on job-related tasks, being conducted by a trained manager, based on company policy, providing opportunities for employee feedback, and clear management feedback.
How can you describe the well-designed performance ?Firstly, the performance appraisal should focus on job-related tasks to ensure that the evaluation is objective and fair. This means that the appraisal should measure employee performance against job-related criteria, such as job responsibilities, goals, and objectives.
Secondly, a well-designed performance appraisal should be conducted by a trained manager who has experience in conducting appraisals and who understands the company's policies and procedures for conducting them.
Thirdly, the appraisal should be based on company policy, ensuring that all employees are evaluated in a consistent and fair manner.
Fourthly, there should be opportunities for employee feedback, allowing employees to provide their input on their own performance and the appraisal process.
Finally, the appraisal should provide clear management feedback, including specific examples of areas where the employee has excelled, as well as areas where improvement is needed. This feedback should be constructive and provide guidance for the employee on how to improve their performance.
Overall, a well-designed performance appraisal should be fair, consistent, and provide valuable feedback to both the employee and the manager.
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If no new shares are issued and none are bought back (while
creating a pro forma statement), is treasury stock just zero?
Answers
Yes, if no new shares are issued and none are bought back, the treasury stock balance would be zero in a pro forma statement. Treasury stock represents shares of a company's own stock that have been repurchased by the company and are held in its treasury. It is classified as a contra-equity account and is subtracted from the total shareholders' equity on the balance sheet.
If there are no repurchases of stock, there would be no treasury stock transactions to record, resulting in a zero balance. However, it's important to note that the absence of treasury stock does not imply that a company cannot have repurchased or issued shares in the past. The treasury stock balance may change over time based on the company's stock repurchase or issuance activities.
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An insurance premium is:
O A. an estimate of the amount of money a person can save on
insurance.
B. a limit on the amount of insurance money a person can claim.
C. a discounted rate an insured person gets to pay for a service.
O D. a monthly payment that ensures insurance coverage for a person.
Answers
An insurance premium is a monthly payment that ensures insurance coverage for a person. Hence, option D is appropriate.
What is the meaning of Insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If you don't have insurance and an accident occurs, you can be liable for all expenses.
Next, we look more closely at the three most significant categories of insurance: life, liability, and property. Insurance is a financial product offered by insurance firms to protect you and/or your possessions from the possibility of theft, loss, or damage.
Anyone wishing to safeguard their family, possessions, and self from financial danger or losses will benefit from insurance plans: Insurance plans will assist you in covering the costs of unexpected medical expenses, hospitalization, contracting illnesses, and treatment.
Hence, option D is correct.
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What war was Eisenhower in before he was president?
Answers
Answer:
Pancho Villa Expedition World War I World War II
Explanation:
Dwight David "Ike" Eisenhower fought in the Pancho Villa Expedition, World War I, and World War II.
I hope this helps.
You will receive the largest monthly payment under an annuity contract when the annuity disbursement option is the ___________.
Answers
Answer:You will receive the largest monthly payment under an annuity contract when the annuity disbursement option is the "life-only" or "life annuity" option.
The life-only annuity option provides regular payments for the duration of your life, with no guaranteed minimum number of payments. This means that payments will continue as long as you are alive, but there is no provision for payments to be made to beneficiaries after your death. Since the payments are based solely on your life expectancy, the monthly payment amount tends to be higher compared to other options that provide additional features or guarantees.
It's important to note that choosing the life-only annuity option means accepting the risk of outliving your savings, as payments cease upon your death. Therefore, it's crucial to carefully consider your financial needs and circumstances when selecting the annuity disbursement option that best aligns with your goals and priorities.
Learn more about annuity disbursement options and consult with a financial advisor or annuity provider to make an informed decision based on your specific needs.
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