The principle of __________ states that an insured should not be compensated by an insurance company in an amount exceeding the economic loss. insurable interest indemnity coinsurance subrogation

Answers

Answer 1

Answer: The right answer for the question that is being asked and shown above is that: "indemnity." The principle of indemnity states that an insured should not be compensated by an insurance company in an amount exceeding the economic loss.

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Jim Walton performed services on credit for $2,450. A debit for this transaction should be recorded toA. revenue. B. accounts receivable. C. accounts payable. D. cash.

A stock is currently priced at $52.50 a share. One year from now, the stock price is expected to be either $54 or $60 a share. The risk-free rate of return is 4 percent. What is the value of a 1-year call option with an exercise price of $55

Answers

Answer:

Value of 1-Year option=$0.48

Explanation:

First, we have to calculate the present value of share being priced at $54 after one year,which shall be calculated as follow:

Present value of share=54(1+4%)^-1

=$51.92

Now we have to calculate the number of options which will be required to exercise for one share:

Number of options=(60-54)/(5-0)=1.2

Finally, we have to calculate the value of 1-year call options which shall be calculated as follow:

Current price of share=Number of options required for one share*Value of 1-year option+Present value of share

52.50=1.2*value of 1-Year option+51.92

1.2*value of 1-Year option=0.58

Value of 1-Year option=$0.48

You decide to become a neurosurgeon. After high school, you will need four years of college, four years of medical school, five years of residency and a two-year fellowship. Assume you graduate high school at 18. How old will you be when you finish training?

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So, first you graduate your high school - you're 18 years old.

After this, you need four years in college -which means that you will finish college at 22, 4 years after you're 18

After this you will go to medical school for 4 years -until you're 26.

Then you have a residency of 5 years- 26+5=31, so until you're 31

after this you have a two year training until you're 33- so the correct answer is 33!

Haley's employer has asked her to review tens of thousands of social media posts about their company's products and compile this data into a database. In terms of the characteristics of big data, Haley is dealing with ________a. volume
b. veracity
c. velocity
d. variety

Answers

Answer:

the correct answer is d. variety

Explanation:

data variety refers to that the data are coming from various sources and require processing and further attention to make them useful and to convert them into purposeful information.

Contra entry is recorded in?

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I hope this is correct! A contra entry is recorded when the debit and credit affect the same parent account and resulting in a net zero effect to the account. These are transactions that are recorded between cash and bank accounts

true or false: accrued revenue always increases a receivable asset account and increases a revenue account.

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Answer:

the absweer is true jajss

A firm with $900,000 in sales, cash on hand of $1,150,000, liabilities of $400,000 and total assets of $2 million has a total asset turnover of ______ times.

Answers

Answer:

0.45

Explanation:

Total Asset turnover is the relationship between the total asset and the total sales. It measure the turnover generated by assets and shows how fully a company is utilizing its assets.

It is calculated as Net Sales / Average Total asset.

Average total asset is calculated as Asset at Beginning + Asset at closing / 2

Applying the formula

The total sales = $900,000 while the total asset is $2, 000,000

$900,000/$2,000,000 = 0.45

Note: The beginning and closing Asset were not given so $2,000,000 is regarded to as the average asset.

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