TRUE/FALSE. It is impossible to run a company effectively without the ability to read and understand basic accounting reports and financial statements (T or F)

Answers

Answer 1

"It is impossible to run a company effectively without the ability to read and understand basic accounting reports and financial statements" This statement is True.

financial statements are written facts that convey the commercial enterprise activities and the financial overall performance of a enterprise. monetary statements are frequently audited with the aid of government companies, accountants, companies, and so forth. to make certain accuracy and for tax, financing, or investing functions. economic statements are formal facts of the economic sports and role of a business, person, or different entity. relevant monetary statistics is presented in a based manner and in a form which is easy to apprehend.

profits are the profit a company has earned for a time period, commonly 1 / 4 or economic yr. The profits figure is indexed as net profits on the earnings statement. while investors check with a business enterprise's income, they're normally regarding internet profits or the earnings for the period.

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Related Questions

as families move through the assessment and evaluation processes, do not change a child's care care routine curriculum.
true or false

Answers

FALSE.

As families move through the assessment or evaluation processes, adjust the child’s routine curriculum as new information emerges, and be willing to share your expertise.

In children, there is a compulsion to learn that comes from within. Every childcare facility needs a curriculum that will support every child's growth across all learning domains in order to lead their learning and help them attain their full potential.

Your centre's instructional mission can be articulated through a curriculum. It discusses your educational objectives (what you hope to achieve) and how you intend to go about achieving those objectives. What children will learn, how they will learn it, and how it will be measured will all be laid out in your curriculum. There are many theories on how children learn and grow, and most of them have been implemented in some form of schooling.

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There is no substitute for the product that is being sold.

A) perfect competition
B) monopolistic competition
C) Oligopoly
D) monopoly

Answers

Answer:

monopoly or b

Explanation:


1. Cash price is $500. After making a down payment of $100, the payments are $50
a month for nine months.(A) total installment price, (B) amount of finance charge, (C) annual percentage rate. Solve for A,B, and C.
a.
b.
C.

Answers

Answer:

12.12%

Explanation:

Given:

Cash price = $500

Down payment = $100

Payments = $50 per month for 9 months

To find:

(A) Total installment price

(B) Amount of finance charge

(C) Annual percentage rate

Solution:

(A) Total installment price:

Total amount to be paid = Down payment + Payments for 9 months

Total amount to be paid = $100 + ($50 x 9)

Total amount to be paid = $550

Therefore, the total installment price is $550.

(B) Amount of finance charge:

The finance charge is the difference between the total amount to be paid and the cash price.

Finance charge = Total amount to be paid - Cash price

Finance charge = $550 - $500

Finance charge = $50

Therefore, the amount of finance charge is $50.

(C) Annual percentage rate:

To find the annual percentage rate, we need to use the following formula:

Finance charge = Total amount to be paid x Annual percentage rate x Time

Where time is the duration of the loan in years.

Since the loan is for 9 months, we need to convert it to years by dividing it by 12.

Time = 9/12

Time = 0.75 years

Substituting the given values, we get:

$50 = $550 x Annual percentage rate x 0.75

Annual percentage rate = $50 / ($550 x 0.75)

Annual percentage rate = 0.1212 or 12.12%

Therefore, the annual percentage rate is 12.12%.

what are the advantage and dis advantage of advertising for a hotel?​

Answers

Answer:

heres are the pro/advantages and cons/disadvantages of advertising.

Explanation:

Pros                                                                             Cons

Expands the market                                     Encourages monopolistic control

Increases sales                                                      Ad cost might exceed sales

Fights competition                                             Pushes out small businesses

Educates consumers                                                          Misleads consumers

please mark me as brainliest

Suppose that a portfolio management company manages an investment fund. The fund
manager observes a bond in the market and intends to add it to the fund portfolio. The
bond has a 100.000 TL par value, 10% coupon rate (coupon payments are annual) and a
6-years maturity. The business model is to “hold-to-maturity”. The company purchases
the bond at the beginning of the year when the market yields are 8%. After exactly 3
years of investment, market yields increase to 12%. What would be the profit or loss
amount in the income statement for that third year?
a) 1.427,92 TL loss
b) 1.470,06 TL profit
c) 8.529.94 TL profit
d) 10.000 TL loss

Answers

Answer: The correct answer is (a) 1.427,92 TL loss.

Explanation:

To calculate the profit or loss for the third year, we need to determine the market value of the bond at the end of the second year and compare it to the par value of 100,000 TL.

At the beginning of the investment, the bond has a coupon rate of 10% and a market yield of 8%, so its price is:

PV = (10000/1.08) + (10000/1.08^2) + (110000/1.08^3) = 104,406.40 TL

After 3 years, the market yield has increased to 12%, so the bond's price would have changed to reflect this new yield. To calculate the new price, we can discount the remaining coupon payments and the par value at the current market yield:

PV = (10000/1.12^1) + (10000/1.12^2) + (10000/1.12^3) + (100000/1.12^3) = 88,572.08 TL

The market value of the bond at the end of the second year is 88,572.08 TL, which represents a loss compared to the par value of 100,000 TL:

Loss = 100,000 - 88,572.08 = 11,427.92 TL

Therefore, the correct answer is (a) 1.427,92 TL loss.

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define accounting element in detail with the help of accounting equation?Expalin In your words?

Answers

Answer and Explanation:

There are three main accounting elements that are as follows

1. Assets: Assets means the resources that are owned through which the future benefits would be anticipated. It is a properties owned by the business

2. Liabilities: The liabilities are the obligations that the company or an individual have to pay

3. Equity: The equity is the amount invested in the business, it also records the withdrawals, income and expenses etc

Now the accounting equation would be

Total assets = Total liabilities + total equity

The sum of total liabilities and total equity is known as total assets

If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed costs are equal to​

Answers

Answer:

$80,000

Explanation:

From marginal analysis concepts, the break-even point is determined using the formula.

Break-even in units = fixed cost / contribution margin per unit

For this firm,

break -even = 40,000 units

Contribution margin per unit = selling price - variable costs

=$6 - $4 =$2

Therefore:

40,000 = fixed costs/ $2

Fixed costs = $40,000 x 2

Fixed costs = $80,000

For each transaction of Sealy Co., (a) determine whether or not Sealy owns the goods during transit. (b) If Sealy is responsible for transportation costs, record the entry for shipping costs assuming they are paid in cash. Assume Sealy uses the perpetual inventory system.

Answers

The indication of whether or not Sealy Co. owns the goods during transit is as follows:

1. Yes. Sealy Co. owns the goods.

2. Yes. Sealy Co. owns the goods.

3. No. Sealy Co. does not own the goods.

4. No. Sealy Co. does not own the goods.

Journal Entries:

1. Debit Freight-in $600

Credit Cash $600

To record transportation costs for the purchase of goods on FOB shipping point.

2. Debit Freight-Out $200

Credit Cash $200

To record thetransportation costs for the sale of goods on FOB destination point.

Data Analysis:

1. Yes. Freight-in $600 Cash $600

2. Yes. Freight-0ut $200 Cash $200

3. No. No Journal Entry Required $350

4. No. No Journal Entry Required $125.

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You overhear your coworker say that only the balance sheet and income statement are needed to evaluate a firm's financial health. Do you agree with this assessment? Why, or why no​

Answers

Answer:

I do not agree.

Explanation:

The financial health of a company involves more elements than the balance sheet and the statement of results.

For the success or failure of a company to be truly evaluated, it is necessary that in addition to the factors shown above, it is necessary to analyze: the company's profitability in relation to its fixed and variable costs, the level of indebtedness, the balance point between demand and supply and gross and net profit.

Define ATS and describe its use.. Why would large companies
use an ATS ?

Answers

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insufficient savings of people in retirement and, as a result, he decides he wants to start now. He saves $500 per month for 15 years and earns 7% by investing in the stock market* through an index fund.

1. How much of the total did Isaiah contribute himself?

2. How much money did Isaiah make through compounded returns in this investment account?

Answers

Answer:

1255

Explanation:

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A solid business blank addresses a customers blank

Answers

A solid business plan addresses a customers needs and offers a solution.

What is business?

Generally, Business is an activity of providing goods and services in exchange for money. It includes all forms of trade conducted within a society, including bartering and exchange of services.

It is a major part of the economy and is an essential component of economic growth. Businesses can range from small, one-person operations to large, multi-national corporations.

The primary purpose of business is to create and provide goods and services to satisfy customers, generate profits, and create social value.

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a law firm billed a client $3,100 for work performed in the current month. which of the following general journal entries will the firm make to record this transaction?

Answers

The general journal entry the firm will make to record this transaction is debit accounts receivable and credit legal fee charges by $3100.

What is journal entry?

The act of logging any transaction, whether or not it is an economic one, is known as a journal entry. Transactions are recorded in an accounting journal that shows the debit and credit balances of a company. For the journal entry to be deemed balanced, the sum of the debits and credits must be equal. All company transactions and events are recorded in the accounting system using journal entries, which are the first phase of the accounting cycle.

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Hershel Greene has the right under a contract with Runway Retail, Inc., to buy the retailer’s clothing overstock. Hershel's sale of this right to Sade’s Style House is

Answers

Hershel's sale of this right is b. an assignment.

In an assignment:

an assignor transfers a contractual right to some other party the other party is called the assignee the assignee has the power to enforce the contractual rights that the assignor had.

Hershel is the assignor in this scenario as they transferred rights they had on Runway Retail Inc. by means of a sale. Sade is therefore the assignee here because they received these rights.

In conclusion, this is an assignment because it has the features of an assignment.

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Options for this question include:

a. a delegation.

b. an assignment.

c. prohibited.

d. a third-party beneficiary contract.

It is possible for an increase in minimum wage to increase the number of workers hired in a competitive labor market, but not in a monopsony setting. True False

Answers

It is possible for an increase in minimum wage to increase the number of workers hired in a competitive labor market, but not in a monopsony setting.  False, it is possible for a Monopsony to hired more workers but the workers are hired at the same minimum wage as before the rise in minimum wages. A monopsony, as compared to a perfectly competitive firm, pays a lower wage and hires more labor.

What is a Monopsony?

A labor market in which there is only one firm demanding labor is called a monopsony.

A monopsonist is the sole demander of the labor in the market, the monopsonist's demand for labor is the market demand for labor.

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More than are located in Georgia. production companies A notable film school in filmmakers and hosts an annual film festival. educates future Also, the West Georgia Technical College in produces several TV series. Georgia State University has the largest film- production program​

Answers

CMII-sponsored workforce research helped convince state legislators to establish the Georgia Film Academy, which only a small number of Georgia State students participate in each year.

The University System of Georgia's largest and oldest film program is offered at Georgia State University. Nearly every local studio employs former students of Georgia State. Students at Georgia State have a variety of methods to interact with the film and television production sector.

Some kids figure out how to get jobs as extras in films. The experience is entertaining and a great introduction to the reality of working on a sound stage, while it is not very beneficial as job training.

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A company purchased an asset for $2,850,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33%, 44.45%, and 14.81%, respectively. What is the book value of the equipment at the end of the project?
A) $211,185.B) $0.C) $633,270.D) $1,900,095.E) $2,638,815.

Answers

Answer:

A) $211,185

Explanation:

The computation of the book value of the equipment at the end of the project is as follows;

Depreciation in Year 1 is

= Asset Price × 33.33%

= $2,850,000 × 33.33%

= $949,905

Depreciation in Year 2 is

= Asset Price × 44.45%

= $2,850,000 × 44.45%

= $1,266,825

And, Depreciation in Year 3 is

= Asset Price × 14.81%

= $2,850,000 × 14.81%

= $422,085

Now

Total Accumulated Depreciation is

= $949,905 + $1,266,825 + $422,085

= $2,638,815

And, finally  

Book Value of the equipment is

= $2,850,000 - $2,638,815

= $211,185

Therefore the correct option is a.

What is the government’s aim in setting quotas? to create more competition in the market to increase sales of domestic goods to keep tariffs high to limit export of domestic goods

Answers

Answer:

to increase sales of domestic goods

Explanation:

B

Depending on the particular situation and the government's goals, different quotas may be set by the government. A government might impose quotas for the following reasons:

To safeguard domestic industriesTo restrict the availability of specific itemsTo control commercial relationsTo adhere to international agreements

How do tariffs and quotas protect the domestic industry?

By increasing the cost of their competitors' goods, tariffs are designed to protect domestic industry. Tariffs, whilst they may increase prices for consumers, can also harm domestic businesses operating in linked industries. In the industries that are protected, tariffs can also reduce competition.

This can assist guarantee that domestic producers have a sizable enough market share to continue earning a profit and creating items in the nation. In some circumstances, a government may impose export limitations on certain goods to guarantee that they are still available for domestic use.

Governments may use quotas to control the flow of goods into and out of their territories. A few international agreements, like the WTO accords, permit governments to set import limits in certain situations.

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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?

Answers

The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.

To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.

To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:

NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost

\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)

\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)

NPV = $3,913.04 + $3,537.41 - $7,800

NPV = -$350.55

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A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 4% and the register total amounted to $295100, what is the amount of the sales taxes owed to the taxing agency?

Answers

11,804
295,100/0.04 is 11,804

$10,850 is the amount of the sales taxes owed to the taxing agency. Option (a) is correct.

What do you mean by Tax?

Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.

Amount given in the question of $282,100 included 4% sales tax on sales.

If the total sales is $100, then sales tax on sale will be $4 (100*4%) and total amount will be equal to $104 ($100 sales+$4 sales tax on sale).

So from the above explanation, sales tax is segregated from total amount which is shown as follows:-

Sales Tax on Sales = (Total Amount/104)*4

= ($282,100/104)*4 = $10,850

Sales = Total amount - Sales tax

= $282,100 - $10,850 = $271,250

Therefore, Option (a) is correct, The amount of the sales taxes owed to the taxing agency is $10,850.

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Your question is incomplete, your question will be;

A retail store does not segregate sales from the amount of sales tax on sales. If the sales tax rate is 4% and the register total amounted to $282100, what is the amount of the sales taxes owed to the taxing agency?

(a) $10850

(b) $282100

(c) $271250

(d) $11284

The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs
are normally distributed, what is the probability that a family of four spends more than $600 per month on food?
Select one:
O a. 1.18
b. 0.3810
O c. 0.8810
O d. 0.1190
Clear my choice
What is the probability of a value occurring between the mean and a z-Value of 1.26?
Select one:
O a. 0.0793
b. 0.1026
O c.
0.3849
O d. 0.3962
Clear my choice

Answers

The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs are normally distributed,  the probability that a family of four spends more than $600 per month on food is  0.1190.

Probability is the branch of mathematics concerning numerical descriptions of however doubtless an associate event is to occur, or how likely it's that a proposition is true. The chance of an occasion could be a range between zero and one, where, roughly speaking, 0 indicates the impossibility of the event and 1 indicates certainty. The higher the probability of an event, the lot of likely it is that the event can occur. a straightforward example is the moving of a good coin. Since the coin is fair, the 2 outcomes are each equally probable; the probability of "heads" equals the probability of "tails"; and since no alternative outcomes are possible, the chance of either "heads" or "tails" is 1/2.

These ideas are given an axiomatic mathematical systematization in probability theory, that is employed widely in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, computer science, game theory, and philosophy, for example, draw inferences concerning the expected frequency of events. applied math is additionally accustomed describe the underlying mechanics and regularities of complex systems.

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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)

Note: Round your answer to the nearest cent.

Answers

If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is :  $3071.

What is monthly payment?

Monthly payment can be defined as the amount a person received on a monthly basis.

First step is to convert the month to  year

Month to year = 24 / 12

Month to year = 2 years

Second step is to find the interest using this formula

I = P × R×T

Where:

I = Interest

P = Principal

R = rate

T = time

Hence

I = 63,000 × 2 × 8.5%

I = 10,710

So,

P+ I = 63,000 + 10,710

P+I = 73,710

Now let find the monthly payment:

Monthly payment = 73,710 / 24 months

Monthly payment = $3,071.25.

Monthly payment = $3,071 (Approximately)

Therefore the monthly payment is the amount of $3071

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Please help me with this i will give brainlist

Answers

Explanation:

this is the pdf

what is your question?

An Ethiopian company decides to launch some of its fashion accessories into the European market. Its marketing director is about to begin the process of creating a marketing plan for this new initiative. Which of the following is the first step the director should take before beginning to plan the marketing mix details?
A. First the director must define the company's target markets and understand which of its products fit with each market's businesses and consumers.
B. First the director needs to research, develop, and create various products to launch into the international market.
C. First the director must decide which promotional tactics to use in particular markets to launch products to consumers and businesses.

Answers

Answer:

A. First the director must define the company's target markets and understand which of its products fit with each market's businesses and consumers.

Explanation:

After taking the decision of entering the European Market, the Ethiopian company marketing director should first determine which of the company's products could be commercialized in Europe, and after, the marketing director should narrow the market even more: determining the target customer demographics of the European Market, for example: old people, young people, women, men, college-educated people, non-college educated people, northern Europeans, Southern Europeans, etc.

When considering the results of an Altman Z-Score analysis a score of 3.85 would suggest? A. The company is in financial distress and there is a high probability of bankruptcy in the short term future B. The company is exposed to some risk of bankruptcy C. The company is healthy and there is a low bankruptcy potential in the short-term D. The company is healthy and there is a low bankruptcy potential in both the short and long-term

Answers

Answer: C. The company is healthy and there is a low bankruptcy potential in the short-term.

Explanation:

The Altman Z-score can be used in the prediction of bankruptcy. It should be noted that when the Altman Z-score is close to 1.8, it simply means that the company is heading for bankruptcy, and when the z score is closer to 3, it simply means that the company is doing week and is in a solid financial positioning

Since the z score is 3.85, it means that the company is healthy and there is a low bankruptcy potential in the short-term.

Mary 44 has income from wages, a rental property and self employment . which forms will she most likely need to file ?

Answers

Answer:

sry pls mark as brainlist

Explanation:

 

Shareholders' Equity ($ in millions)

Common stock, 240 million shares at $1 par $ 240

Paid-in capital—excess of par 1,680

Paid-in capital—share repurchase 1

Retained earnings 1,100

Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock.

On November 14, 2023, the corporation sold 2 million shares at $7 per share.


2. Prepare the shareholders’ equity section of TNL Systems’ balance sheet at December 31, 2023, comparing the two approaches. Assume all net income earned in 2021–2023 was distributed to shareholders as cash dividends.

Answers

1. The journal entries for the purchase and subsequent resale of the shares assuming the shares are:

a) Retired:

Feb. 5, 2021, Debit Common Stock $6 million

Debit Paid-in capital $54 million

Credit Cash $60 million

July 9, 2021, Cannot be resold.

Nov. 14, 2023, Cannot be resold.

Treasury Stock:

Feb. 5, 2021, Debit Treasury Stock $6 million

Debit Paid-in capital $54 million

Credit Cash $60 million

July 9, 2021, Debit Cash of $24 million

Credit Treasury Stock $2 million

Credit Paid-in capital of $22 million

Nov. 14, 2023, Debit Cash of $14 million

Credit Treasury Stock $2 million

Credit Paid-in capital of $12 million

2. The preparation of the shareholders' equity section of TNL Systems' Balance Sheet on December 31, 2023:

Viewed as Retired Stock:

Shareholders' Equity ($ in millions):

Common stock, 240 million shares at $1 par ($240 - 6) $234

Paid-in capital—excess of par (1,680 - 54)                    $1,626

Paid-in capital—share repurchase                                          1

Retained earnings                                                             1,100

Viewed as Treasury Stock:

Shareholders' Equity ($ in millions):

Common stock, 240 million shares at $1 par                $240

Paid-in capital—excess of par (1,680 - 54 + 22 + 12)    1,660

Paid-in capital—share repurchase (1 + 7 - 2 - 2)                  4

Retained earnings                                                           1,100

What is treasury stock?

Treasury stock is the shares repurchased by the issuer from stockholders.

When shares are repurchased, they can be retired permanently, that is, removed from the company's records, or they can be held as treasury stocks and subsequently resold.

Transaction Analysis:Retired:

Feb. 5, 2021, Common Stock $6 million Paid-in capital $54 million Cash $60 million

July 9, 2021, Cannot be resold.

Nov. 14, 2023, Cannot be resold.

Treasury Stock:

Feb. 5, 2021, Treasury Stock $6 million Paid-in capital $54 million Cash $60 million

July 9, 2021, Cash $24 million Treasury Stock $2 million Paid-in capital $22 million

Nov. 14, 2023, Cash $14 million Treasury Stock $2 million Paid-in capital $12 million

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Question Completion:

On February 5, 2021, TNL Systems purchased 6 million shares at $10 per share.

On July 9, 2021, the corporation sold 2 million shares at $12 per share.

On November 14, 2023, the corporation sold 2 million shares at $7 per share.

Kinesics is the study of the relationship between body language and communication and includes all
of the following except
O eye contact
O how the speaker uses time
O body posture
O facial expressions
O how people move

Answers

Kinesics is the study of the relationship between body language and communication and includes all of the following except Option B. how the speaker uses time.

Kinesics is the study of body language and how it relates to communication. It includes eye contact, body posture, facial expressions, and how people move. However, the one thing it does not include is how the speaker uses time. Kinesics is an essential part of non-verbal communication. The study of kinesics is vital because it helps to understand what people are saying through their body language, which is a crucial element of communication.

Kinesics involves the observation of nonverbal behaviour in human interaction. It is concerned with facial expressions, posture, gestures, and body movements. Body posture is an important part of kinesics because it reflects a person's mood, attitude, and personality.

Facial expressions are also an important part of kinesics as they are the primary way to communicate emotion and attitude. The study of how people move is also an important aspect of kinesics. It can reveal a lot about a person's mood, personality, and culture, such as whether they are relaxed, stressed, or tense. Eye contact is another critical aspect of kinesics. It is the primary way to communicate interest, attention, and sincerity.

The use of time in communication involves the timing and sequencing of verbal and nonverbal behaviour. It is important because it can affect the message's meaning and how it is received. In conclusion, kinesics is a critical field of study because it helps to understand how nonverbal behaviour is an essential aspect of communication. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

Kinesics is the study of the relationship between body language and communication and includes all of the following except

A. eye contact

B. how the speaker uses time

C. body posture

D. facial expressions

E. how people move

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How is marine insurance different from automobile insurance?
OA. Marine insurance does not cover ocean vessels.
B. Automobile insurance does not cover ocean vessels.
O C. Marine insurance does not cover cargo.
D. Auto insurance is more costly than marine insurance.

Answers

The way that Marine insurance is different is that Marine insurance does not cover cargo.

How is marine insurance different from automobile insurance?

Marine insurance and automobile insurance are both forms of insurance designed to provide coverage for specific types of assets. However, there are some key differences between the two.

Marine insurance is specifically designed to provide coverage for ocean vessels, including cargo that is being transported by sea. This type of insurance covers risks such as theft, damage to the vessel or cargo, and loss or damage due to natural disasters.

Automobile insurance, on the other hand, provides coverage for cars, trucks, and other vehicles that are driven on land. This type of insurance covers risks such as theft, collision damage, and liability for injury or property damage. Automobile insurance does not cover ocean vessels or the transportation of cargo by sea.

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Answer: the correct answer is automobile insurance does not cover ocean vessels.

Explanation:

common sense and big brain abilities.

The average job is now only —— years in length

Answers

The average job is now only 2 years in Job.

What is meant by the term average job?

This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.

This means that the average worker can have as m aby other jobs that they want in their lifetime.

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