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There Are Four Basic Components of an Insurance Premium

question 18

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There are four basic components of an insurance premium. Which of the following is not one of those components?


Definitions:

Selling Price

The amount of money charged for a product or service, or the sum obtained from the sale of an asset.

Receivables

Money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Ending Cash Balance

The amount of cash a company has available at the end of a financial period.

Sales

The total amount generated from selling goods or services over a specific period of time.

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