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2 years ago

What is a deductible?How does deductible affect insurance

1 answer:

7 0

In an insurance policy, the deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses.

The lower a plan's deductible, the higher the premium. You'll pay more each month, but your plan will start sharing the costs sooner because you'll reach your deductible faster.

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NBB seemed to agonize over the use of the word "folly" in its advertising campaign. What do you make of the company's struggle w

Tresset [83]

Answer:

The word folly can best be defined as the lack of good sense/judgment or foolishness.

Explanation:

Advertisements are meant to create a positive impact in the minds of the people who view them. It is actually meant to provide more information about the product and the features that will benefit potential customers. It is thus important to use the right words, which wouldn’t have any negative words involved in it.

I feel the use of the word'' folly'' is not a good one, it's not sending the right messages to people, and it's not also achieving its main purpose.

8 0

2 years ago

If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to

Snowcat [4.5K]

Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

Future value = $C_0(1+r)^n$

$C_0$ is cash flow at period 0= $ 35,00

r = rate of interest = 8.00% = 0.08

n= number of periods = ?

Future value = $44,089.92

Substituting the values in the formula

$44,089.92= 35,000(1+0.08)^n$

$\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}$

$\Rightarrow(1.08)^n = 1.259712$

$\Rightarrow (1.08)^n=(1.08)^3$

$\therefore n= 3$

Therefore the required time period is 3 years.

6 0

2 years ago

Every T account has two sides, credit and credit side. True False

ioda

Answer:

False

Explanation:

The two sides are DEBIT and credit.

3 0

2 years ago

As a consumer it is important for you to study management because

bagirrra123 [75]

Answer:

we expect to experience both efficiency and effectiveness when interacting with organizations

6 0

2 years ago

The undergrounds coffee shop has total assets of $85,300 and an equity multiplier of 1.53. what is the debt-equity ratio?

ikadub [295]

Let us go to the basic accounting equation: Assets = Liabilities + Shareholder's Equity. The equity multiplier is computed by dividing the total assets with the total shareholders' equity. We know the total assets as $85,3000. Using the formula for the equity multiplier, we can calculate the amount of the shareholders' equity. The given equity multiplier is 1.53. To calculate the shareholders' equity, we just have to divide the $85,300 (total assets) with 1.53 (equity multiplier). We can get the amount of $55,752. Using the accounting equation, we can compute the amount of liabilities as $29,548. The formula to get the debt-equity ratio is dividing the total shareholder's equity by the liabilities. $55,752 divided by $29,548, we can get 1.89 as the debt-equity ratio.

4 0

2 years ago