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atroni [7]
2 years ago
12

Ronald is trying to pay down his student loan debt as quickly as possible, so he decides not to purchase dental insurance and us

es that money toward debt repayment instead. Ronald bites into something unexpectedly hard and breaks his tooth, causing great pain. Can he enroll in dental insurance tomorrow and make a dentist appointment the following day
Business
1 answer:
mojhsa [17]2 years ago
7 0

Answer:

No, he cannot

Explanation:

Under an insurance contract, the insured agrees to pay small amount regularly, known as insurance premium so as to avoid bearing unexpected, unforeseen huge amount of liability which may arise in the future. Such a loss is borne by the insurer i.e the insurance company.

In the given case, Ronald refused to purchase dental insurance initially and preferred repayment of his student loan. Since he did not hold any insurance at the time of accident/injury, he cannot enroll later for an event that has already occurred i.e the injury.

An insurance contract will now safeguard him against expenses on future accidents/ injuries but will not compensate him for the accident that has already occurred when he held no insurance.

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A comparable property sold 10 months ago for $98,500. If the appropriate adjustment for market conditions is 0.30% per month (wi
andreyandreev [35.5K]

Answer:

$101,495.20

Explanation:

The comparable property value with compound interest

The formula for calculating future compound values

FV = PV × (1+r)n

In this case:

PV = 98,500

r =0.3% the interest rate per month

n = 10 compound periods

FV = 98,500 x (1+ 0.3/100)10

=98,500 x (1.003)10

=98,500 x 1.030408

=$101,495.20

8 0
1 year ago
At the beginning of the year, Brick Makers had cash of $183, accounts receivable of $392, accounts payable of $463, and inventor
Pie

Answer:

amount of the net source $15

Explanation:Working\ capital= Current\ assets-Current\ liabilities

source\ of\ cash =[Cash+AR+Inventory]- [Amount\ Payable]

cash = $183

received amount = $392

inventory =$714

payable amounts =$463

current assest = (183+392+714)-463=$826

current liabilities =(167+682+409-447)=$811

cash = $167

received amount = $409

inventory =$682

payable amounts =$447

current liabilities =(167+682+409-447)=$811

Hence since current liabilities is more than current assests, therefore there will be loss of accounts

Hence source of cash= (826-811) = $15.

7 0
2 years ago
Which is an independent variable in a study where tractor supply, a retailer of garden and farming equipment, increases the pric
Gelneren [198K]

The independent variable is the one being manipulated (or changed) in order to study the effects. In this case the independent variable is the $5 price change.

6 0
2 years ago
During 2019, Sigma Company earned service revenue amounting to $700,000, of which $630,000 was collected in cash; the balance wi
Kryger [21]

Answer:

$700,000

Explanation:

As we know that

The income statement is the statement that records the income and the expenditure for a company

The expenses should be shown on debit side while the income or revenue is shown on the credit side

Since the total service revenue earned is $700,000 and the same is to be shown in the income statement as it records all the cash and credit sales or service revenue

Therefore, the total amount i.e $700,000 is reported on the income statement

4 0
2 years ago
Why are infectious agents and toxins ("select agents") listed in the "additional requirements for facilities transferring or rec
nika2105 [10]
They are given additional regulatory oversight by CDC BECAUSE THE ITEMS POSE A SEVERE THREAT TO PUBLIC HEALTH AND SAFETY. 
Because of the high threat that the items pose to the society's health, regulations have to be put in place to control their transportation and use in order to protect the safety and health of humans, animals and plants and plant products. 
8 0
2 years ago
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