What must happen in order for an insurance company to make a payout? check all that apply.

Answers

Answer 1
The insurance company must verify the claim.The insured party must file a claim.The insurance policy must be in place.The insured party must experience a covered loss.

What is payout?

A payout is a sum of money paid to a policyholder when a claim is accepted.  It is a sum of money, especially a large one, that is paid to someone, for example by an insurance company.

Before an insurance company make a payout, the following must take place :

The insurance company must verify the claim.The insured party must file a claim.The insurance policy must be in place.The insured party must experience a covered loss.

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Related Questions

"take hundred now is more valuable than take hundred after one year" explain it​

Answers

Answer:

Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.

brainliest for the people who no why ro/blox not working to day

Answers

Here you go, Its in the picture.

brainliest for the people who no why ro/blox not working to day

Answer:

Try updating the game

Explanation:

Solo podrá vender lo que las personas están dispuestas a comprar a ese precio. De esta forma, si el precio que pone es muy alto, venderá pocas unidades mientras que si es bajo, venderá más unidades.

Answers

This question is incomplete, and I couldn't find its missing part online, but I can still assume that what you are giving is a definition and you need to find what it refers to.

Answer:

This definition refers to a monopoly.

Explanation:

A monopoly is a form of market where there is only one company that offers a product or service.

When this happens, only one company can offer this product or service since it has no close competition. This means that consumers who want said product or service can only go to this company and submit to the prices that it may impose.

The established price could be very high, but this could produce a low number of purchases by consumers. While if the price is low, consumers will be more.

Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.

1. He will fill out the FAFSA form and send it in immediately.

2. He will ask his parents if they have a college savings account.

3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.

4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.

5. Upon graduation, he will start saving money for college.


Which statements identify errors in Jaiden’s plan? Check all that apply.

Answers

Answer:

-He should wait until his last year in high school to fill out the FAFSA.

-He should start saving right away. It is never too early to start a savings account.

-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.

-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.

Explanation:

the required rate of return is the maximum rate of return that an investment project must yield to the acceptable. group startstrue or falsetrue, unselectedfalse, unselected

Answers

False. The minimum return an investor will take for an investment in exchange for a specific degree of risk is known as the required rate of return (RRR).

What is required rate of return ?The minimal profit (return) an investor will seek or expect in exchange for taking on the risk of investing in a stock or other type of security is known as the required rate of return (RRR).RRR can also be used to determine a project's potential profitability in relation to its funding costs. RRR denotes the degree of risk associated with committing to a particular project or investment. The level of risk increases as return increases.Generally speaking, a lower return indicates lower risk. When valuing investments, corporate finance frequently uses RRR. You may estimate your prospective return on investment using RRR (ROI).

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What is The College Scorecard?
O A recruiter website connecting potential employees with job openings
OA social media website to connect with companies for job shadowing
O A virtual job fair where many employers meet with job candidates
OA website outlining the cost of a college or certification program

Please help ASAP

Answers

The College Scorecard can be described as A website outlining the cost of a college or certification program.

What is the purpose of a College Scorecard?

A college scorecard is an online tool or rather a website that is very useful for determining the the value that a university can give those who go to it, based on the cost of education at that university. The website is run by the United States government which created it during the Obama Administration to make it easier to decide the higher institution that one would like to go to.

The College Scorecard is quite handy because a prospective student can look at it to find out things like the cost of tuition, the graduation rate of people who go to the University, the employment rate of the graduates, and the average amount that students have to borrow to attend school.

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governments of ____ countries can encourage trade by minimizing interference with the free exchange of goods and services.

Answers

Answer:

Developing

Explanation:

1. Which one of the following tatement i true?
A. Economit believe we hould eliminate all pollution to have MSB = MSC. B. The optimal quantity of pollution occur where the MSB > MSC. C. Environmental tandard are alway much more efficient than Pigouvian taxe. D. The optimal quantity of a poitive externality occur where the MSC = MSB. E. Emiion taxe are the only vehicle that can be ued to reduce output

Answers

All environmental regulations in the United States put environmental risk at a level where the MSB and MSC are equal. False

What exactly does the term "environmental regulation" mean?

Environmental rules work to safeguard the environment and the people from pollution caused by business and development.

What types of environmental policies are examples?

Environmental policy addresses issues such as wildlife protection, the preservation of endangered species, chemical and oil spills, smog, drinking water quality, land conservation and management.

Which six environmental laws are there?

Mandatory EMB

Environmental Solid Waste Management Act (RA 9003), Clean Air Act of 1999 (RA 8749), Toxic Substances and Hazardous Waste Management Act (RA 6969), and Clean Water Act (RA 9275)

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Nike, a company headquartered in Beaverton, Oregon, is a major force in the sports footwear and fashion industry, with annual sales exceeding S 12 billion, more than half of which now come from outside the United States. Nike has no production facilities in the United States. Rather, the company manufactures athletic shoes and garments in such Asian countries as China, Indonesia, and Vietnam using subcontractors, and sells the products in the U.S. and international markets. The wage rate is very low in those countries by U.S. standards the hourly wage rate in the manufacturing sector is less than $ 2 in each of those countries, compared with about $ 35 in the United States. Nike has also been accused of having manufacturing contracts with 'hidden' factories in Asia. In addition, workers in those countries often operate in poor and unhealthy environments and their rights are not particularly well protected. Understandably, host countries are eager to attract foreign investments like Nike's to develop their economies and raise the living standards of their citizens. Recently, however, Nike came under worldwide criticism for its practice of hiring workers for such a low rate of pay-"next to nothing" in the words of critics- and overlooking poor working conditions in host countries. Initially, Nike denied the sweatshop charges and lashed out at critics. But later, the company began monitoring labour practices at its overseas factories and started grading the factories in order to improve labour standards, Nike also agreed to random factory inspections by disinterested or impartial observers a. Do you think the criticism of Nike is fair, considering that the host countries are in dire needs of creating jobs? Think of the classic 'Efficiency vs Equity' argument to justify your reasoning. b. Do firms need to consider so-called corporate social responsibility in making investment decisions? c. What type of organizational structure does

Answers

The criticism of Nike for its labor practices in host countries can be considered fair, despite the need for job creation and economic development.

a. The criticism of Nike can be seen as fair from the perspective of the "Efficiency vs Equity" argument. While host countries may have a dire need for job creation and economic development, it is crucial to address low wages and poor working conditions to ensure equity and fairness for workers.

The extremely low wage rates compared to U.S. standards and the allegations of hidden factories raise concerns about the well-being and rights of workers. Balancing efficiency and equity requires promoting economic growth while also protecting workers' rights and ensuring fair treatment.

b. Yes, firms need to consider corporate social responsibility (CSR) in their investment decisions. CSR entails taking into account the social, environmental, and ethical impacts of business operations. In the case of Nike, considering CSR would involve not only focusing on profitability but also taking responsibility for the well-being of workers, ensuring fair wages, and providing safe working conditions.

By integrating CSR into investment decisions, firms can contribute to sustainable development, build a positive reputation, and meet the expectations of stakeholders.

c. Nike's organizational structure can be described as a multinational corporation (MNC) or a global company. With its headquarters in the United States and manufacturing operations in Asian countries, Nike operates in multiple locations across the globe. This decentralized structure allows decision-making and operations to be distributed among different subsidiaries and locations.

Nike's efforts to monitor labor practices and improve standards indicate a commitment to global coordination and oversight. The company's engagement in grading factories and agreeing to random inspections by impartial observers reflect a focus on ensuring ethical and responsible practices within its supply chain.

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a. The criticism of Nike is fair regarding worker exploitation and poor working conditions.

b. Firms should consider corporate social responsibility (CSR) in investment decisions for sustainable practices.

c. Nike follows a multinational corporation (MNC) structure for global operations and market reach.

a. **The criticism of Nike is fair, considering the dire needs of host countries to create jobs.** However, it is essential to consider the classic 'Efficiency vs Equity' argument in this context. While Nike's operations in these countries do create job opportunities, the criticism stems from the exploitation of workers, low wages, and poor working conditions. It is crucial to strike a balance between economic efficiency and equitable treatment of workers to ensure sustainable and ethical business practices.

b. **Firms do need to consider corporate social responsibility (CSR) in making investment decisions.** CSR encompasses a company's responsibility to consider the social, environmental, and ethical impact of its operations. In the case of Nike, the criticism it faced highlighted the need for responsible business practices that respect worker rights and ensure fair wages and safe working conditions. Embracing CSR not only helps companies build a positive reputation and foster long-term relationships with stakeholders but also contributes to sustainable development and societal well-being.

c. The type of organizational structure that Nike has is a **multinational corporation (MNC) structure**. As a global company, Nike operates in multiple countries, including the United States and various Asian nations. This structure allows Nike to have headquarters in one location (Beaverton, Oregon) while manufacturing and selling its products internationally. The MNC structure enables Nike to leverage global markets, access diverse talent pools, and benefit from international trade. By manufacturing in different countries, Nike can take advantage of cost efficiencies while expanding its market reach.

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In reporting discontinued operations, the income statement should show in a special section: gains and losses on the disposal of the discontinued segment.

Answers

True.

When reporting discontinued operations, the income statement should include a special section that discloses gains and losses on the disposal of the discontinued segment. Discontinued operations refer to a component of a company's business that has been or will be disposed of or sold, and it represents a strategic shift that will have a significant impact on the company's operations and financial results.

In the income statement, the gains and losses associated with the disposal of the discontinued segment are reported separately from the continuing operations of the company. This special section allows investors, analysts, and stakeholders to clearly identify the financial impact of the discontinued operations and assess the company's ongoing performance separate from the discontinued segment. It provides transparency and helps in understanding the overall financial picture of the company.

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Samantha makes $250.00 a week and saves 10% of her paycheck each week. How much will she save in 12 months

Answers

Answer:

7

Explanation:

9867=7

During iteration planning in an agile project, agreement is reached regarding:
a. the length of the next sprint.
b. positive and negative risks.
c. the definition of done.
d. detailed stakeholder requirements.

Answers

During iteration planning in an agile project, agreement is reached regarding the length of the next sprint, the definition of done, and detailed stakeholder requirements. The correct option is option A.

Iteration planning is an essential part of Agile project management, where the development team and relevant stakeholders come together to plan the upcoming iteration or sprint. During this process, several key agreements are reached.

The first agreement is about the length of the next sprint. The team decides on the time frame for the sprint, typically ranging from one to four weeks, based on factors such as project complexity, team capacity, and customer expectations. This agreement ensures that everyone is aligned on the sprint duration and sets a clear timeframe for achieving specific goals.

The second agreement is related to the definition of done. The team discusses and agrees upon the criteria that define when a user story or task is considered complete. This agreement ensures a shared understanding of the quality and completeness of the work that needs to be delivered during the sprint.

Lastly, detailed stakeholder requirements are discussed and agreed upon. The team collaborates with stakeholders to gather and refine requirements, ensuring a clear understanding of what needs to be developed and delivered in the upcoming iteration.

By reaching these agreements during iteration planning, the team establishes a common understanding and clear direction for the next sprint, promoting transparency, collaboration, and effective execution of the project.

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Don' Pizza ell an 8-inch circular pizza for £5 and a 12-inch circular pizza for £10. Both are the ame thickne. Calculate the area of a circle with a diameter of 8 inche

Answers

The area of the circular pizza is 50.26 sq. inches. which is a diameter of 8 inches as per the given data.

The given data is:

The diameter of the circular pizza is 8 inches.

The radius of the circular pizza is calculated by using the formula,

Radius = (Diameter/2)

Radius = (8/2)

Radius = 4 Inches.

Therefore, the radius of the circular pizza is 4 inches.

The following formula can be used to determine the circle's area:

Circle area of pizza  = (22/7) * (radius) * (radius)

Circle's area is equal to (22/7)*4*4.

Circle's area is 50.26 square inches.

The Area of a Circular Pizza is 50.26 Square Inches, we can deduce.

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The complete question is-

Don sells an 8-inch circular pizza for £5 and a 12-inch circular pizza for £10. Both are the same thickness. Calculate the area of a circle with a diameter of 8 inches.

1. The formula for continuously compounded interest is A = Pe^rt, where A is the amount of money in the account, P is the initial investment, r is the interest rate, and t is the time in years. Using the formula, determine, to the nearest dollar, the amount in the account after 8 years if $750 is invested at an annual rate of 3%​

Answers

Answer:

the  amount in the account after 8 years is $954

Explanation:

The computation of the amount in the account after 8 years is shown below"

Given that

The formula for continuously compound interest is

Amount = Principal e^(rate) (time period)

= $750 × e^(0.03)(8)

= $954

Hence, the  amount in the account after 8 years is $954

The same is to be considered by applying the above formula

Best National Bank operates with a 20 percent required-reserve ratio. One day a depositor withdraws $500 from his or her checking account at this bank. As a result, the bank's excess reserves

Answers

When a depositor withdraws $500 from their checking account at Best National Bank, which operates with a 20 percent required-reserve ratio, the bank's excess reserves will decrease. So,  the bank's excess reserves will decrease by $400.

To determine the change in excess reserves, we first need to calculate the required reserves for the withdrawal. The required reserve ratio is 20%, so for the $500 withdrawal, the required reserves would be 20% of $500, which equals $100.
Since the depositor withdrew $500, the bank's reserves will decrease by that amount. This means that the bank's excess reserves will decrease by the difference between the withdrawn amount and the required reserves, which is $500 - $100 = $400. Therefore, as a result of the withdrawal, the bank's excess reserves will decrease by $400.

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Yael just turned 18 and has started getting money from her grandmother. For the next decade, payments will come in on a regular basis if she fulfills certain obligations. What is most likely happening?

A. Yael has been named the executor of a trust.
B. Yael is receiving assets from a trust set up by her grandmother.
C. Yael has named her grandmother as a beneficiary of her will.
D. Yael created a trust to give assets to her grandmother.

Answers

B because it comes on a regular basis

The event that most likely to happen with the Yael that had come to an age is that the Yael is receiving assets from a trust set up by her grandmother.

What is trust?

A trust is a legal arrangement in which the owner of a right transfer it to another person or entity, who is obligated to keep and use it solely for the benefit of another.

In the given case, Yael just turned 18 and has started getting money from her grandmother, and she is receiving the payments on a regular basis if she fulfills certain obligations.

The situation is best described as the object of trust, as the grandfather passed the asset to Yael with an agreement.

Therefore, option B is correct.

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what do limited partners in a business give up ? why ?

Answers

Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.

Explanation:

Should spreadsheets be used to maintain a checkbook?.

Answers

The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.

What are spreadsheets?

A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.

The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.

Therefore, the above statement is true.

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1.
True or False
Enrich Your Vocabulary
What do these words used in the text mean?
frequently (Reporter -1)
i. often
iii. occasionally
ii. regularly
b. deadly (Dr. - 1)
i. related to the dead ii. likely to cause death
iii. as of the dead ones!
Read the inte
are true or
C.
bird
e.
migratory (Dr. - 3_, Fins
i. having the habit of migration ii. having migraine
iii. having the habit of immigration
d. plucking (Dr. - 4)
i. picking
ii. Pulling the feathers off
jii. picking someone from danger
droppings (Dr. - 4)
i. things dropped
ii, solid waste matter of birds
iii. falling of something
pandemic (Reporter - 6)
j. disease that spreads over a whole area
ii. disease that causes pain
iii. disease that is regularly found in a particular area oila
f.​

Answers

Answer:

Reporter - 1

i. often

Dr - 1

ii. likely to cause death

Dr - 3

i. having the habit of migration

Dr - 4

ii. pulling the feathers of

Dr. - 4

ii. solid waste matter of birds

Reporter - 6

i. disease that spreads over a whole area

Note that all words are used in context of this text. Words plucking and droppings don't necessarily relate to birds but, used in this context, they do.

True because of Dr-3 have habit

Sbj’s chris smith writes about institutional multiteam ownership as a closely watched trend in sports finance. Which major sports league is the last holdout for allowing this approach?.

Answers

Finance: CAZ Investments jumps into growing field of institutional ownership, and eyes last holdout league

One of the trends in the market that has received the most attention recently is institutional multiteam ownership. The top leagues in the country have long outlawed the practice, but barriers are starting to break down as a result of the pressing need for cash and soaring franchise prices that have priced out many potential purchasers.

Numerous early participants are testing the waters even though the market is still in its infancy. The Atlanta Hawks, Phoenix Suns, and Sacramento Kings are among the NBA teams in which Dial Capital's Home Court Partners has acquired small percentage stakes after becoming the first fund to get authorization to do so in 2019. Sacramento Kings and Suns. Over $1 billion is being raised by Dynasty, the pro team investment company founded by Jonathan Nelson of Providence Equity Partners and Don Cornwell of PJT Partners. Arctos Sports Partners is currently without a doubt the market leader. The company, led by managing partners Ian Charles and Doc O'Connor, has acquired stakes in more than a dozen teams in the NBA, NHL, MLS, and European soccer; its investments in MLB alone include the Boston Red Sox through a partnership with Fenway Sports Group, the Chicago Cubs, Houston Astros, Los Angeles Dodgers, and San Diego Padres. It announced $3.94 billion in assets under management earlier this year and is currently soliciting money for a second fund with a target size of $1 billion.

In collaboration with Bonaccord Capital Partners, CAZ Investments announces the successful closing of a $485 million private equity ownership fund.

The fund made it possible for the CAZ network of investors to purchase minority holdings in some of the best middle-market private investment managers.

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ILL MARK BRAINLLEST AWNSER ALL 9
1 What is a safe deposit box? What financial records are best kept in one?

2 What are liquid assets? What are non-liquid assets? What are some examples of each?

3 What are liabilities? Describe two different types of liabilities.

4 What is net worth?

5 What is budget variance?



Critical Thinking Questions

6 Why are financial records important? How does keeping organized financial records contribute to successful money management?

7. Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money?

8. What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own money management?

9. What are the pros and cons of using the different types of budget systems? Which one do you prefer?

Answers

Answer:

Explanation:

1.A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions

2. he most common examples of non-liquid assets are equipment, real estate, vehicles, art, and collectibles. Ownership in non-publicly traded businesses could also be considered non-liquid. With these kinds of assets, the time to cash conversion is difficult to predict.

3. Current liabilities (short-term liabilities) are liabilities that are due and payable within one year. Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more. Contingent liabilities are liabilities that may or may not arise, depending on a certain event.

4. it is a persons total worth.

5.Budget variance equals the difference between the budgeted amount of expense or revenue, and the actual cost. Favourable or positive budget variance occurs when: Actual revenue is higher than the budgeted revenue. Actual expenses are lower than the budgeted expenses.

6.Managing daily business activities such as paying bills. In order to best manage your money and responsibilities, you need to know what you owe, who you owe it to, and when you need to pay it.

7.Cash flow statements are useful in managing money because it helps you keep track of your financial record of income expenditures for a particular period of time.

8. well planned, realistic, spending habits, methods to keep track of spending and how to manage for variable expenses.

9.Mental budget:

PRO ⇒ easiest possible way of making a budget,

CON ⇒ isn't very accurate.

Physical budget:

PRO ⇒ quite simply, just place money on envelopes according to what things you should pay with them,

CON ⇒ cannot keep a exact record.

Write down the budget:

PRO ⇒ write down the budget on a notebook or an excel spreadsheet,  writing down the budget helps to stick with it.

CON ⇒ you need to permanently check and adjust your budget.

Accounting or Financial software:

PRO ⇒ use software (e.g. Quicken) to help you  create a budget that includes tax records and bank accounts.

CON ⇒ it is more complicated and you need to pay for the software.

A car has a base price of $23,800.00. Options cost $356.00, $785.00, and $900.00 for stereo, wheels and paint. Destination charges are $640.00. The dealer pays 82% of the base price and 75% of the options. Determine the sticker price.
$25,000.00
$23,800.00
$26,481.00
$25,841.00

Answers

The sticker price of the car is $26,481.00 based on the component costs provided

What is the sticker price of the car?

The sticker price of the car comprises the retail price, the cost of options as well as the destination charges, which is also referred to as the cost for economy mileage, bearing in mind that sticker price is the price of car written on a sticker and affixed to a car.

The sticker price=base price+cost of stereo+cost of wheels+cost of paint+destination charges

base price= $23,800.00

cost of stereo=$356.00

cost of wheels=$785.00

cost of paint=$900.00

destination charges=$640

sticker price=$23,800.00+$356.0+$785.00+$900+$640.00

sticker price=$ 26,481.00

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Suppose a total of​ 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the previous three​ years' record, it shows that the number of students who enroll in the entrance exam for the engineering program increases if there is an increase in the number of IT recruiters the previous year.This year there is a total of​ 3,200 students who have enrolled to take the entrance exam of which only up to​ 2,500 of those who passed would get in. Based on either the​ students' perspective or the college​ perspective, what combination of economic key concepts does the situation​ follow? A. Optimization and empiricism B. Equilibrium and empiricism C. Optimization and equilibrium D. ​Optimization, equilibrium, and empiricism

Answers

Answer:

D. Optimization, Equilibrium and Empiricism.

Explanation:

Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.

what is the purpose of creating a prototype?​

Answers

Answer:

Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.

What index measures price changes received by domestic producers for their output?
a.
consumer price index
c.
implicit GDP price deflator
b.
producer price index
d.
sales price index

Answers

Answer = The producer price index

SOMEONE HELP QUICK PLS!!! Examine the credit terms below:
Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases 0% introductory APR for 10 months. After that, your APR will be 10.99%, 15.99%, or 17.99%, based on your creditworthiness. This APR will vary with the market, based on the Prime Rate. What happens to the APR after 10 months?

A) It decreases to 0%.

B) It increases to a variable rate of 10.99%, 15.99%, or 17.99%.

C)The credit terms do not specify how the rate will change.

D)There is no change to the interest rate.

Answers

Since the introductory APR is 0% from the beginning of the credit period till the 10th month, the APR after the 10th month B) increases to a variable rate of 10.99%, 15.99%, or 17.99%.

APR (Annual Percentage Rate) is the annual interest rate that applies to loans and other credit facilities, and it does not use the compounding interest principle.

The APR does not decrease to 0%, and the credit terms specify how the rate changes from the prime rate based on creditworthiness.

Thus, the APR is variable from the 10th month based on the individual's creditworthiness.

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Answer:

The answer is most likely B  B) It increases to a variable rate of 10.99%, 15.99%, or 17.99%.

I hope this helps and sorry for the wait

goodwill is a tangible asset that can be directly associated with a specific identifiable right and is separable from the company itself. group of answer choices true false

Answers

False. Goodwill is an intangible asset that represents the value of a company's reputation, brand, customer relationships, and other non-physical assets.

It is not a tangible asset and cannot be directly associated with a specific identifiable right. While tangible assets are physical assets that can be touched and seen, intangible assets are non-physical and include things like patents, trademarks, and goodwill.

Goodwill is considered to be an intangible asset because it represents the value of a company's non-physical assets.

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Define Red Gross Society.​

Answers

Answer: The Indian Red Cross Society is a voluntary humanitarian organization to protect human life and health based in India.

Explanation: It is part of the International Red Cross and Red Crescent Movement, and so shares the Fundamental Principles of the International Red Cross and Red Crescent Movement.

After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $25,000. the entry to close the income summary account will be:_________

Answers

If after preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $25,000. the entry to close the income summary account will be:  a debit of $25,000 to owner capital.

Income summary

The debit balance  of the amount of $25,000 in the income summary indicate that the company expenses is higher than the revenues generated by the company by $25,000.

Based on this the loss incurred will be taken out of the company  owner's equity  account by reducing it through a debit entry.

Therefore  the income summary account has a debit balance of $25,000. the entry to close the income summary account will be:  a debit of $25,000 to owner capital.

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Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit and a cast, he receives a hospital bill for $10,000. According to his health insurance policy, he has $2,000 deductible (which he did not pay this year at all) and a 20% co-pay. How much Conor will have to pay for the hospital?

Answers

Answer:

$6,000

Explanation:

A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.

Step 1: 10,000 - 2,000 = 8,000

A co-pay is a fixed amount the insured has to pay for certain medical services.

Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600

Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)

Total amount that Conor will have to pay for the hospital: $3,600

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