The current sections of Teal Mountain Inc. ’s balance sheets at December 31, 2021 and 2022, are presented here. Teal Mountain Inc. ’s net income for 2022 was $122,400. Depreciation expense was $21,600.


2022


2021


Current assets


Cash


$ 84,000


$ 79,200


Accounts receivable


64,000


71,200


Inventory


134,400


137,600


Prepaid expenses


21,600


17,600


Total current assets


$304,000


$305,600


Current liabilities


Accrued expenses payable


$ 12,000


$ 4,000


Accounts payable


68,000


73,600


Total current liabilities


$80,000


$ 77,600


what is net income?

Answers

Answer 1

If the current sections of Teal Mountain Inc. ’s balance sheets at December 31, 2021 and 2022, are presented here. Teal Mountain Inc. ’s net income for 2022 was $122,400. Depreciation expense was $21,600 then the net income for Teal Mountain Inc. in 2022 is $122,400.

Net income for 2022: $122,400

Depreciation expense: $21,600

Net income = Total revenues - Total expenses

Net income is a measure of a company's profitability and represents the total earnings after deducting all expenses, including depreciation. In this case, the provided information states that Teal Mountain Inc.'s net income for 2022 was $122,400.

This means that after accounting for all expenses, including depreciation expense of $21,600, the company generated a net income of $122,400 during the year. Net income is an important indicator of a company's financial performance and is often used to assess its profitability.

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Related Questions

If the stock price increases and all else equal, the price of a put option on that stock __________, and that of a call option __________.

Answers

Value of a put option on that stock increases, and that of a call option decrease if the stock price increases and all else equal.

All other things being equal, if the stock's price goes up, the value of a put option on that stock skyrockets and the cost of a call option drops. The financial options are derivatives, implying that the price of one is dependent on the worth of another, for instance, a share of common stock.

Put Options - the power to sell the underlying securities at the stock price at any moment before to expiration.

Call options - allow a person to purchase the underlying asset at the stock price.

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If the stock price increases and all else equal, the price of a put option on that stock __________,

Which of the following is NOT a basic statistic?


Mean

Area

Median

Mode

Answers

the answer is AREA (b) bcos all the other are general basic statists

explain the differences between ehr/emr and practice management software

Answers

electronic health records (EHR) or electronic medical records (EMR) are comprehensive electronic systems that store and manage patient health information, while practice management software is designed to streamline administrative tasks and improve the efficiency of healthcare practices.

electronic health records (EHR) or electronic medical records (EMR) and practice management software are two different systems used in healthcare settings.

EHR/EMR systems are comprehensive electronic systems that store and manage patient health information. They include medical history, diagnoses, medications, lab results, and other clinical data. These systems are primarily used by healthcare providers to document and access patient information, facilitate communication, and support clinical decision-making.

Practice Management Software is designed to streamline administrative tasks and improve the efficiency of healthcare practices. It focuses on tasks such as appointment scheduling, billing, insurance claims processing, and revenue management. This software helps healthcare practices manage their administrative operations effectively.

While EHR/EMR systems and Practice Management Software can be integrated, they serve different purposes and have distinct functionalities. EHR/EMR systems primarily focus on clinical data and patient care, while Practice Management Software focuses on administrative tasks and practice operations.

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Factors that influence the choice of funding​

Answers

Making your project// company important fo the society and other business.

Answer:

..m.

mm

Explanation:

njnj3jjjjejwjwjejejnssnenejenejrj

Which of the following is an example of an effective persuasive speech topic for a group of elementary school children? (edge 2022)
a.
the origins of Santa Claus in different cultures around the world
b.
abstinence: the best protection
c.
read at least 20 minutes a day
d.
staying in school is cool

Answers

The answer would be d

How does the principle of checks and balances help explain why our government works slowly?.

Answers

The principle of checks and balances is designed to prevent any one branch of government from having too much power. This system forces the different branches to work together in order to pass laws, which can often lead to heated debates and slow progress.

What is checks and balances?
The various practises known as checks and balances have been put in place to lessen errors, stop improper behaviour, or lower the possibility of power concentration. Checks and balances typically make sure that no one person as well as department has complete control over decisions, define the tasks that have been assigned in detail, and compel collaboration to be done. Although it also refers to limiting power in corporations and other organisations, the term is most frequently used in relation to the government. The three branches of the U.S. government—the legislative, executive, and judicial branches—perform checks and balances. It adheres to the policies and actions that are permitted by the federal—and corresponding state—constitutions and functions as a constitutionally limited government.

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What is the probability that more than 50 customers make a
purchase in a random sample of 100 customers?
a. 0.0207 b. 0.9793 c. 0.1225 d. 0,4051 e. 0.5952

Answers

The probability that more than 50 customers make a purchase in a random sample of 100 customers is 0.4048 (option d).

To determine the probability that more than 50 customers make a purchase in a random sample of 100 customers, we can use the binomial probability formula.

The binomial probability formula is given by:

P(X > k) = 1 - P(X ≤ k)

Where:

P(X > k) is the probability that the number of successes (customers making a purchase) is greater than k.

P(X ≤ k) is the cumulative probability that the number of successes is less than or equal to k.

In this case, we want to find the probability that more than 50 customers make a purchase, which means we are looking for P(X > 50). We can calculate this by subtracting the cumulative probability of 50 or fewer customers making a purchase from 1.

Using a binomial probability calculator or a statistical software, we find that P(X ≤ 50) is approximately 0.5952.

Therefore, the probability that more than 50 customers make a purchase in a random sample of 100 customers is:

P(X > 50) = 1 - P(X ≤ 50)

= 1 - 0.5952

≈ 0.4048

Among the given answer choices, the closest option is:

d) 0.4051

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easy career question for you

easy career question for you

Answers

ANSWER:
I would think B would be your answer, but if we are talking about in 2021 with pandemic, then most likely A.

Hope this helps sorry if it doesn’t

Answer b


hope this helps

ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month thereafter. You project expenses
to begin at $7,000 per month and grow by $50 per month. In what month will you break even (revenue equal to expenses)?

Answers

Answer:

13.33

Explanation:

We have to write 2 equations to set equal to each other.

The first one will look like this:

200x + 5,000

The x will go with the 200 because the project revenue grows by $200 each month thereafter the start of $5,000.

The second equation will look like this:

50x + 7,000

The project begins at $7,000 and grows by $50 every month so the x will go with the 50.

Now, set them equal to each other

200x + 5,000 = 50x + 7,000

Solve

150x + 5,000 = 7,000

150x = 2,000

x = 13.333

Therefore, in the thirteenth month the project will breakeven.

Hope this helps!!

- Kay :)

People choose to hold a larger quantity of money if a. the interest rate rises, which causes the opportunity cost of holding money to rise. b. the interest rate falls, which causes the opportunity cost of holding money to fall. c. the interest rate falls, which causes the opportunity cost of holding money to rise. d. the interest rate rises, which causes the opportunity cost of holding money to fall.

Answers

Answer:

b. the interest rate falls, which causes the opportunity cost of holding money to fall.

Explanation:

the demand for money (the declension to hold money) is inversely related to interest rate. if interest rate is high, individuals would prefer to hold bonds and the demand for money would fall. if interest rate is low, individuals would prefer to hold money.

the opportunity cost of holding money is what would have been earned if money was invested. if interest rate is low, individuals would prefer to hold more money because the amount that would be earned if money was invested in bonds would be low, so the opportunity cost of holding money would be low

As of the end of June, the job cost sheets at Tracer Wheels, Inc. Show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $25,000 $59,000 $56. 000 Direct labor 14,000 26. 700 40. 000 Overhead 7. 000 13. 350 20. 000 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $13,000; direct labor, $3,600; and overhead, $1,600. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July. No raw materials are used indirectly in June. Using this information, answer the following questions. (Assume this company's predetermined overhead rate did not change across these months. ) 1. What is the cost of the raw materials requisitioned in June for each of the three jobs? 2. How much direct labor cost is incurred during June for each of the three jobs? 3. What predetermined overhead rate is used during June? Check (4) $145,050 4. How much total cost is transferred to finished goods during June?.

Answers

For each of the three tasks, the cost of the raw materials requested in June is as follows: Because $25,000 - $13,000 is $12,000, job 102 equals $12,000.Because $59,000 - $25,000 + $59,000 = $33,000, Job 103 equals $33,300.Job 104 = $56,000

2. The direct labor cost incurred during June for each of the three jobs is as follows: Job 102 = $10,400 (because $14,000 - $3,600 = $10,400)Job 103 = $26,100 (because $26,700)Job 104 = $40,000 (because $40,000)

3. The predetermined overhead rate used during June is 150% (because overhead cost is applied based on direct labor cost, and the overhead cost for June is $40,050, while the direct labor cost for June is $26,700, so the predetermined overhead rate for June is 150%).

4. The total cost transferred to finished goods during June is $145,050 (because you add up the direct materials, direct labor, and overhead costs incurred during June for each of the three jobs: $12,000 + $10,400 + $7,000 + $33,300 + $26,100 + $13,350 + $56,000 + $40,000 + $20,000 = $145,050).

First, we calculate the cost of the raw materials requisitioned in June for each of the three jobs. Then we move on to the calculation of direct labor cost incurred during June for each of the three jobs.

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Financing options for post-secondary education:

a
Are limited for many students across the country.
b
Include scholarships, grants, student loans, and work study.
c
Are very expensive and outweigh the value of the education attained.

Answers

Answer:

B.

Explanation:

Federal grants can be defined as financial aid or grants provided by the US grants from the general federal revenue. These grants are provided by the government for various purposes, and one of those purposes are for monetary help for college and education.

The ways in which federal grants or financial assisstance is provided to students is through scholarships, grants, student loans, and work study.

Scholarships are based on academic merit, talents, etc. It is a type of free education that can be earned if students excel in their studies.

Grants is a financial aid that does not need to be repaid unless service, which is promised in return of grant, is done. Example of grants are TEACH, FSEOG, etc.

Work study are those financial  aids that helps students to earn on their own for their fees by doing a part-time job.

So, the correct answer is option B.  

other things being equal, what is the effect of deficit spending on credit markets?

Answers

Deficit spending refers to a situation where the government spends more money than it generates in revenue.

This typically results in an increase in the government's debt, which can have a significant impact on credit markets.

Other things being equal, deficit spending tends to lead to an increase in interest rates as lenders demand a higher return on their investment to compensate for the increased risk associated with lending to a government with a high level of debt. This can make it more difficult for businesses and individuals to access credit, as they are faced with higher borrowing costs. Additionally, deficit spending can result in inflationary pressures, which can further impact credit markets by reducing the purchasing power of individuals and businesses. Ultimately, the impact of deficit spending on credit markets will depend on a variety of factors, including the size of the deficit, the government's ability to repay its debt, and broader economic conditions.

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Which business environment was affected when grubhub expanded its target market to include families and working mothers in the suburbs?

Answers

Social business environment was affected when grubhub expanded its target market to include families and working mothers in the suburbs.

Professor Muhammad Yunus, recipient of the Nobel Peace Prize, defined social business and outlines it in his books.

Yunus defined a social business as a business in these works as follows:

created and built to address a societal issue

a non-loss, non-dividend company, meaning that it is financially self-sufficient and that profits are reinvested in the company (or used to launch other social businesses) with the goal of enhancing social impact. This could be done by broadening the company's customer base, enhancing its goods and services, or in other ways supporting the social mission.

A larger corpus of academic study has more recently examined how the Blockchain, and particularly smart contracts, can aid in the growth of the social enterprise notion.

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b) They hire a new employee and after orientation, they collect the person's state
ID, social security number, and other important documents. At this point, what
responsibility do the two friends have as it pertains to regulation? Which guidelines
does this correspond with? (2 points)

Answers

Based on the given information, The guidelines do correspond with  General Data Protection Regulation highlighting personal information.

As the context seems incomplete the answer is written in generalise manner.

When new employees start working for a firm, their personal information and other sensitive data must be collected and stored in accordance with numerous requirements to preserve their privacy and security.

The General Data Protection Regulation (GDPR), is a comprehensive data protection law that applies to firms operating in the European Union (EU) and the European Economic Area (EEA).

The GDPR requires businesses to seek explicit consent from individuals before collecting and processing their personal information, as well as to adopt sufficient technical and organizational safeguards to secure that data from unauthorized access or disclosure.

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Max emailed Jacob offering to sell him a diamond ring for $400. Upon receipt of the offer, Jacob immediately emailed back, "I don’t have $400. I’ll give you $300." Max replied, "That’s not high enough." Jacob then e-mailed his acceptance agreeing to pay $400. Max refused to sell the ring to Jacob. Which of the following statements is true?
A. There is no contract
B. Jacob's first response to Max is a counteroffer
C. Both A and B are true
D. There is a contract as Max accepted Jacob's offer

Answers

Answer: The correct answer is A. There is no contract.

Explanation:

In this scenario, Max's initial offer was to sell the diamond ring for $400. Jacob's response of offering $300 is considered a counteroffer, as he proposed different terms than the original offer. Max then rejected Jacob's counteroffer by stating that it was not high enough. At this point, no agreement had been reached between the parties. Jacob's subsequent acceptance of the original offer for $400 does not form a contract because Max had already refused to sell the ring to Jacob. Therefore, there is no contract between Max and Jacob


Point (4,-3) is at a Perpendicular distance of_________________
from the X-axis​

Answers

wouldnt the answer be 3 units?

what is the formula to calculate consumer surplus?

Answers

Consumer surplus is the difference between the total value that consumers place on a good or service and the price they actually pay for it.

The formula to calculate consumer surplus is:

Consumer Surplus = Total Value to Consumers - Total Amount Paid by Consumers.

where "Total Value to Consumer" is the total amount that consumer is willing to pay for a product or service, and "Total Amount Paid by Consumer" is the actual amount that they pay for it.

thus, consumer surplus is the difference between the total value that consumer place on a good or service and the price they actually pay for it. It represents the profit that consumers receive from being able to purchase a product or service at a lower price than they were willing to pay.

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being able to buy goods online make it more likely or less likely to specialize?

Answers

The likelihood of specializing in e-commerce depends on whether one can purchase products online.

E-commerce: what is it?

Electronic commerce, or e-commerce, refers to the purchasing and selling of goods and services as well as the sending of money or data over an electronic network, most commonly the internet. These commercial exchanges take place either in a business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business (C2B) setting.

There is a lot of overlap between the phrases e-business and e-commerce. The transactional procedures that go into conducting an online retail transaction are also referred to as "e-tail" at times. Internet technology underlies e-commerce. Utilizing their own devices, customers can browse an online store's inventory and place orders for goods or services.

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Tammy is the owner of British Brushes. Due to the price of paint, she has to raise the prices of her painting classes. What curve is affected and what determinant caused this change?
a. The Supply Curve shifted to the Left because the cost of inputs increased.
b. The Demand Curve shifted to the Right because of the change in consumer income
c. The Supply Curve shifted to the Right because the cost for new technology decreased

Answers

B will be the correct answer hope I helped

In a condition where Tammy has to increase the prices for her painting classes, the supply curve will show a shift to the left because the input costs also saw a rise. Therefore, the option A holds true.

What is the significance of input costs?

Input costs can be referred to or considered as costs that are associated with the production of goods or services for a firm in the economy. A business can not grow or sustain without incurring input costs. When input costs for a firm increase, the supply curve of an economy shifts to the left.

In the above condition, when prices of paint increase, it also leads to an increase in the input costs for Tammy, and as a result of the same, the supply curve shows a shift towards the left.

Therefore, the option A holds true and states regarding the significance of input costs of British Brushes.

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An automotive company tests the driving capabilities of its self-driving car prototype. They carry out the tests on various types of roadways- specifically, a race track, trail track, and dirt road. The researchers only test the pro totype during the daytime. They collect two types of data: sensor data from the car during the drives and video of the drives cameras on the car. They review the data after the initial tests. The results illustrate that the new self-driving car meets the performance standards across each of the roadways, As a result, the car can progress to the next phase of testing, which will include driving in various weather conditions. Reflection

Consider this scenario: What are the examples of fair or unfair practices? How could a data analyst correct the unfair practices?

Answers

Any company activity or action that is dishonest, fraudulent, or harms consumers is considered an unfair commercial practice. Acts that are seen as illegal, such as those that disobey consumer protection laws, might be included in these practices.

UNFAIR TRADE PRACTICES:

Fraudulent free gift or prize offers, non-compliance with production standards, false advertising, and deceptive pricing are just a few instances of unfair commrecial practices.

FAIR TRADE PRACTICES:

According to the Rules of Fair Practice, American broker-dealers must be loyal to and treat consumers fairly. The Rules of Fair Practice include specific instructions on how brokers should uphold FINRA's objective, which is to safeguard investors and uphold the market's integrity. They were created by the National Association of Securities Dealers and are currently overseen by that organization. The whole range of legal obligations as outlined by securities laws are in addition to the Rules of Fair Practice, which establish and promote ethical standards.

What is data analytics:

Data analytics is the process of examining data sets to spot trends and draw conclusions about the information they contain (DA). Data analytics is the study of analysing unprocessed data to make conclusions about such data.

Data analytics are needed to comprehend trends or patterns from the vast volumes of information being acquired. It helps businesses optimize their performance.

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An author can register his or her copyright application with the _____. International Trade Administration (ITA) International Trade Administration (ITA) US Copyright Office US Copyright Office US Patent and Trademark Office (USPTO) US Patent and Trademark Office (USPTO) Department of Commerce (DOC)

Answers

Answer:

United States copyright office

Explanation:

hope this helps!

Tasty Tangerine is currently selling 50,000 boxes for $25 per box. Variable cost per box is $17 and fixed costs total $260,000. A plan is being considered to spend $60,000 on advertising and reduce the selling price by $2 per box. Management believes the advertising along with the price reduction will increase sales volume by 24,000 boxes. If management's predictions are correct, making these changes will cause net income for the year to

Answers

Based on the changes,Tasty Tangerine's net income for the year will decrease by $16,000 from $140,000 to $124,000.

Data and Calculations:

Current sales unit = 50,000 boxes

Selling price per box = $25

Variable cost per box = $17

Total Fixed costs = $260,000

Contribution margin = $8 ($25 - $17)

Net income based on current sales plan = $140,000 ($8 x 50,000 - $260,000)

New Plan's sales units = 74,000 boxes

Selling price per box = $23 ($25 - $2)

Variable cost per box = $17

Total Fixed costs = $320,000 ($260,000 + $60,000)

Contribution margin per box = $6 ($23 - $17)

Net income based on new plan = $124,000 ($6 x 74,000 - $320,000)

Thus, the changes will cause Tasty's net income for the year to decrease by $16,000.

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What is the MOST effective first step in creating a rational and easy-to-process presentation? Question 12 options: State the key message up front. State each main point as if it's a separate idea. Include many visuals without context. Summarize all the evidence that supports the key points.

Answers

The most effective first step in creating a rational and easy-to-process presentation is option d: Summarize all the evidence that supports the key points.

What is effective presentation skills?

The typical purpose of a presentation is to enlighten, as well as convince, inspire, and also motivate, or offer a new idea or product. Presentations can also include speeches, introductions, as well as lectures, or demonstrations. It is one that entails  Preparation, planning, organizing, also writing, and others.

A good presentation should be focused on the subject and be brief. It shouldn't veer off course. The necessary information should be capable of being communicated through a strong presentation. During the presentation, the anxiety should be transformed into a motivating force. When making a presentation, remain composed and at ease.

Therefore, note that Good presentations stick in people's minds. They include visuals, drawings, and statistics in a style that makes them simple to recall and as such, one need to tell the summarize message first.

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What is the difference between an indicative rate (like LIBOR) and a transaction rate (like the Secured Overnight Financing Rate [SOFR])?

Answers

The difference between an indicative rate, such as the London Interbank Offered Rate (LIBOR), and a transaction rate, such as the Secured Overnight Financing Rate (SOFR), lies in their underlying methodologies and the purpose they serve in financial markets.

LIBOR is an indicative rate that represents the average interest rate at which banks can borrow from one another in the interbank market. It is based on daily submissions from a panel of banks and is used as a benchmark for various financial instruments, such as loans, derivatives, and mortgages.

LIBOR serves as a reference rate and helps determine the interest rates on a wide range of financial products. On the other hand, SOFR is a transaction rate that reflects the cost of borrowing cash overnight collateralized by Treasury securities.

It is based on actual transactions in the repurchase agreement (repo) market, where financial institutions borrow or lend cash using Treasury securities as collateral.

SOFR is designed to be a more reliable and robust benchmark compared to LIBOR, which faced integrity concerns during the past years. As an alternative to LIBOR, SOFR provides a transparent and transaction-based reference rate for financial markets.

In conclusion, while both indicative rates like LIBOR and transaction rates like SOFR are used as benchmarks in financial markets, their underlying methodologies and purposes differ.

LIBOR is based on banks' submissions and serves as a reference rate, while SOFR is derived from actual transactions and provides a transparent benchmark for overnight borrowing costs.

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Andy's utility function for candy is. U(x) = 10vx. If Andy eats 64 pieces of candy,
how much utility does Andy receive?

Andy's utility function for candy is. U(x) = 10vx. If Andy eats 64 pieces of candy,how much utility does

Answers

Answer:

U(x) = 10vx. If Andy eats 64 pieces of candy,

Explanation:

Telling customers that they only have until midnight to get sale prices is an appeal to

A. ethos.

B. logos.

C. pathos.

D. kairos.

Answers

Answer:

D. kairos.

Explanation:

Telling customers that they only have until midnight to get sale prices is an appeal to kairos.

Answer:

It's d

Explanation:

if the required reserve ratio for the third national bank is 10 percent, what is the monetary multiplier?

Answers

The monetary multiplier is 10 if the required reserve ratio for the Third National Bank is 10 percent.

The monetary multiplier is the inverse of the required reserve ratio, which means that the formula for calculating it is:

Monetary Multiplier = 1 / Required Reserve Ratio

In this case, the required reserve ratio is 10 percent, which can be represented as a decimal (0.10). To calculate the monetary multiplier, follow this one:

1. Convert the required reserve ratio to a decimal: 10% = 0.10
2. Divide 1 by the required reserve ratio: 1 / 0.10

Monetary Multiplier = 1 / 0.10 = 10

Therefore, if the required reserve ratio for the Third National Bank is 10 percent, the monetary multiplier would be 10.

This means that for every dollar deposited in the bank, the bank can lend out up to 10 dollars, creating a multiplier effect on the money supply.

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W has a health insurance policy with an 80/20 coinsurance, a $1,000 deductible. If in january w goes into the hospital for an overnight stay, the bill coming to $2,000, what will w pay?

Answers

w will pay $1,200

Insurance is an agreement between two or more people in which the insured party pays contributions/contributions/premiums to obtain compensation for the risk of loss, damage, or loss that may occur due to unforeseen events. Insurance cannot eliminate the risk of unexpected events, but insurance can reduce the impact of losses arising from these events, both on a small scale and on a large scale. Now insurance has become part of financial planning for some people for long-term purposes.

Elements in Insurance

Premium. Premiums can be defined as obligations paid by the insured party to the insurer (insurance service provider) as a risk transfer service for the insurance policy. Insurance policy. An insurance policy can be defined as a legal document that forms the legal basis for the relationship between the insured (customer) and the insurer (service provider/insurance company).Claim. A claim can be defined as an official request submitted by a customer to an insurance company to make a payment as a form of compensation for damage or loss under the terms of the insurance policy.

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________leads to better quality and lower prices?
A. Scarcity
B. Competition
C. Monopolies
D. Studying macroeconomics
Please help!!

Answers

Answer:

a

Explanation:

because it makes sense in the sentence

Other Questions
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