What is life insurance?

Answers

Answer 1

Answer: Life insurance or life assurance is a contract between an insurance policy holder and an insurer or assurer (insurance company). The insurance company agrees to pay the beneficiary a sum of money in exchange for a premium, upon the death of the insured person. The insured person may be the policy holder himself or a third person other than the beneficiary.

Answer 2

Answer:

Life insurance is a product offered by insurance companies which provides for a tax-free benefit at the death of the policy insured. It is often used to provide a lump some of money to cover basic living expenses for a family.

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discuss 3 ways in which entrepreneurship can help to combat unemployment and improve the economy os south Africa

Answers

Entrepreneurship brings new businesses in the area. New businesses need to hire people. They help combat unemployment when they hire people. New businesses also pay government taxes which will help improve the economy of South Africa.

When various new businesses are opening in an area, it signifies that the area is safe and conducive for new businesses thus attracting potential investors and more consumers. Potential investors may be encouraged to set up their own business and will help combat unemployment by hiring local people. Foreign businesses also pay local government taxes which will also improve economy.

Entrepreneurship will generate local, national, and global interest. The more investors are interested to set up business in the local area, the better for the area's economy and unemployment problems will be diminished.

What should wedding floral consultants always do?

Answers

use flowers that are in season

Use flowers that are in season as well as keeping the opinions of the customer in mind while deciding. Making sure you fufill the needs and wants of the customer.

Your friend's job pays $10 per hour and he works 40 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly gross income is $4,000 $16,000 $20,000 $40,000

Answers

Your friend's job pays $10 per hour and he works 40 hours per week.
=> 10 dollars * 40 hours = 400 dollars per week
=> 400 dollars * 50 weeks = 20 000 dollars per year
=> Minus his tax rate is 20 percent.
=> 20 000 dollars * .20 = 4000 dollars
=> 20 000 - 4000 = 16 000 dollars is his yearly gross.

Answer:

His yearly gross income is $16.000.

Explanation:

Your friend's job pays $ 10 per hour and he works 40 hours per week:

$10 per hour * 40 hours working in the week = $400 per week

If he works 50 weeks of the year:

$400 per week * 50 weeks working per year = $20,000 per year.

The tax rate is the percentage of taxes paid to the law by the company on its income.

If you earn $20,000 a year, and if the tax rate is 20% the tax generated is $ 4000.

So, $20,000 a year - $4000 of the tax rate = $ 16,000 a year.

Selling a good abroad below the price charged in the home market, or at a price below the cost of production is called

Answers

This practice is called undercutting. The Chinese are doing this to us at this point in time. Labor prices are very low in China. Our labor costs are much higher making the cost of goods higher to the consumer, whether that be a company sourcing goods for manufacture or the end consumer. The result is that they are able to sell more of their products then we can.Another result could, and often is, a company to move its facilities to another country, causing unemployment here.

Classify the following goods according to whether or not they would be included in calculating the GDP for the United States. All goods should be placed. If a country is not specified, you can assume the action is performed in the United States.1. Honda's assembly and sale of cars in the U.S. 2. Sale of wheat to Mrs. Baird's Bakery 3. Resale of used textbooks to college students 4. GM's assembly and sale of cars in Mexico 5. Ocean Spray purchases plastic to make bottles 6. Old Navy purchases mannequins to display clothes

Answers

Answer:

we will classify them in the explanation below.

Explanation:

To be included in calculating US GDP

Honda's assembly and sale of cars in the US: this is because the cars were produced domestically in the US
Old Navy purchases mannequins to display clothes: this is because the mannequins were already finished products when they were bought.

Not to be included in calculating US GDP

Sale of wheat to Mrs. Baird's Bakery: this is because the wheat was not exchanged at the market, but rather will be used in the bakery.
Resale of used textbooks to college students: this is because only newly produced goods are included in GDP calculation.
GM's assembly and sale of cars Mexico: this will be added to Mexico's GDP and America's GNP.
Ocean Spray purchase of plastic to make bottles: this is because the value of the plastic will be reflected in the price paid by the consumer after the bottle has been made.

The amount the bank charges for use of money is called interest.
True
False

Answers

True. When you borrow from a bank, you pay back the amount loaned PLUS interest.

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