Note that in the scenario given, all three insurance policies would pay $8,000 toward the medical bill, and the policyholder would be responsible for paying the remaining $2,000.
What is a deductible?The deductible in an insurance policy is the amount paid out of pocket by the policyholder before the insurance company will cover any charges. In general, the term deductible refers to one of many types of clauses used by insurance firms as a payment threshold for policy payments.
The full explanation for the computation is given as follows;
To determine the amount that each insurance policy would pay for a $10,000 medical bill for a minor surgery, we need to use the formulas provided and plug in the appropriate numbers.
For the AAA+ insurance policy, the insurer's part of the bill would be calculated as follows:
Insurer's Part of bill = (Bill - deductible) (80%)
= ($10,000 - $0) (80%)
= $8,000
Your part of the bill would be calculated as:
Your part of bill = Total bill - Insurer's part
= $10,000 - $8,000
= $2,000
For the Health Today insurance policy, the insurer's part of the bill would be calculated as follows:
Insurer's Part of bill = (Bill - deductible) (80%)
= ($10,000 - $0) (80%)
= $8,000
Your part of the bill would be calculated as:
Your part of bill = Total bill - Insurer's part
= $10,000 - $8,000
= $2,000
For the Best Insurance policy, the insurer's part of the bill would be calculated as follows:
Insurer's Part of bill = (Bill - deductible) (80%)
= ($10,000 - $0) (80%)
= $8,000
Your part of the bill would be calculated as:
Your part of the bill = Total bill - Insurer's part
= $10,000 - $8,000
= $2,000
Therefore, in this scenario, all three insurance policies would pay $8,000 toward the medical bill, and the policyholder would be responsible for paying the remaining $2,000.
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Full Question:
B) Now, let’s try “what if”. What if you had medical bills for $10,000 for a minor surgery? What would each of the insurance policies pay if you had not yet paid any deductible? Remember that 20% is your part (coinsurance) so the insurer’s percent is 80% for the first formula. Show how you are getting the answer.
Formulas:
Insurer’s part of Medical Bill = (Bill – deductible) (80%)
Your part of medical bill = Total bill – Insurers part
• AAA+
Insurer’s Part of bill =
Your part of bill =
• Health Today
Insurer’s Part of bill =
Your part of bill =
• Best Insurance
Insurer’s Part of bill =
Your part of bill =
a property owner contracted to have a swimming pool installed on her property. when the pool was completed, she refused to pay for the improvement, and the contractor filed a lien for nonpayment. this lien was most likely a
A property owner contracted to have a swimming pool installed on her property. when the pool was completed, she refused to pay, contractor filed a lien for nonpayment. this lien was most likely a specific lien.
What is a specific lien?A specific lien, on the other hand, is one that is attached to a particular item. As an illustration, a mortgage bank holds a lien on the real estate they funded. An asset was explicitly given as collateral for a loan or credit in a specific lien.Any personal or real property is covered by a general lien. It is specific if it applies just to one particular property, such a home for which a mortgage is applied.Specific liens might include, for instance: -A property tax lien when taxes are not paid. When a mortgage is utilized as finance, a mortgage lien results. -Mechanic's lien when the job is not reimbursed.Learn more about specific lien refer to :
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lpm corp. produces and sells two types of frozen burgers, turkey burgers and veggie burgers. in the most recent month, the firm sold 12,000 turkey burgers and 8,000 veggie burgers. turkey burgers sold for $14.00 per box and variable costs were $7.40 per box. the veggie burgers sold for $16.00 per box and variable costs were $8.25 per box. the fixed expenses of the entire company were $41,160. if the sales mix were to shift toward the turkey burgers product line with total sales volume remaining constant at 20,000, the overall break-even point for the entire company:
If the sales mix were to shift toward the turkey burgers product line with total sales volume remaining constant at 20,000, the overall break-even point for the entire company is $7.06
The term product line refers a particular good or service that a company makes and markets to customers.
Here we have given that LPM corp. produces and sells two types of frozen burgers, turkey burgers and veggie burgers.
Now, we need to find the overall break-even point for the entire company.
According to the given question, we have identified the following details,
Here the firm sold 12,000 turkey burgers and 8,000 veggie burgers.
And we also know that the turkey burgers sold for $14.00 per box and variable costs were $7.40 per box.
Where as the veggie burgers sold for $16.00 per box and variable costs were $8.25 per box.
And we have also given that the fixed expenses of the entire company were $41,160.
Then the point of entire break - even point is calculated as
=> (12000 x 14) + (8000 x 16)
=> 296000
Then the variable cost price is calculated as,
=> (12000 x 7.40) + (8000 x 8.25)
=> 154800
Therefore, the overall point is
=> 296000 - 154800
=> 141,200
Here the constant term is applied on it, then we get the resulting value as,
=> 141,200/20000
=> 7.06.
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the final step in the control process is a.establishing standards. b.considering corrective action. c.measuring performance. d.expressing standards in measurable terms. eparing performance against standards.
The final step in the control process is considering corrective action.
What among the following constitutes a control process step?Setting criteria and ways to gauge performance are the first two of the control process' four steps. performing an evaluation. assessing compliance with the standard of performance. putting a fix in place.Corrective action is the final stage in the control process following deviation detection. Only once the root cause of deviations has been recognized clearly can a proper remedial measure be conducted.The control function can be thought of as a five-step process that involves the following steps: (1) setting standards, (2) measuring performance, (3) comparing actual performance with standards and identifying any deviations, (4) figuring out the cause of deviations, and (5) taking corrective action as necessary.To learn more about control process refer to:
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Select the correct answer. Which term describes a person's previous pattern of borrowing and repaying? a. Credit practice b. Credit pattern c. Credit history.
sunshine company manufactures 100,000 table fans every year with a unit selling price what is the $c of a table fan g
Fans are used for circulating air in rooms and buildings; for cooling motors and transmissions;
How does a table fan work?Table fans have a single-phase induction motor which is the main part of it. When the fan is switched on, the electric current reaches the motor of the fan and immediately reaches the coil of the wire which is wrapped around the core. Then electricity generates and the blades start rotating.The rotation mechanism of the ceiling fan is built in way so as to attract the warm air upwards. As the hot air rises up, the blades of the fan slice this air and push it down. This being a continuous process causes the air in the room to circulate in the entire room. Thus, a ceiling fan only moves the air around.A table fan is a great addition to your home. Not only because of its effective cooling but also because it is an energy-efficient and eco-friendly option as compared to alternatives like air conditioners that emit harmful gases and chemicals into the atmosphere.Total number of units= 10000.
Selling price= $60 per unit.
The material cost= $10 per fa
Labor cost= $15 per unit.
Promotion and marketing cost= $100000.
Facility expense= $80000.
Other overhead cost= $20,000.
Now, finding the variable cost of fan.
Variable cost=Total materisl cost+labor cost
Variable cost=($100000+$150000=$250000
Variable cost= $250000.
Selling price=($60*10000=$600000
Selling price of fan is $600000.
Unit contribution=(selling price-variable cost)
Next find the unit contribution of each fan.
⇒ Unit contribution= ($600000-$250000)
Unit contribution of each fan is $350000.
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the following taxpayers are covered by an employer-sponsored retirement plan. which one may fully deduct their traditional ira contribution in 2021?
A single filer with no employer-sponsored retirement diagram can deduct the full amount of a ordinary IRA contribution.
2 However, if you are included by using a retirement sketch at work, then these income restrictions apply: A full deduction is on hand if your modified AGI is $68,000 or much less for 2022 ($73,000 for 2023).
Can you deduct Roth IRA contributions?You can't deduct contributions to a Roth IRA. However, the withdrawals you make all through retirement can be tax-free. They should be certified distributions. You can withdraw contributions at any time besides tax or penalty.
No retirement design at work: Your deduction is allowed in full if you (and your spouse, if you are married) don't seem to be blanketed by using a retirement format at work.
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This ratio takes into account a company's assets that can be converted into cash in no more than 90 days.
Capital One: Is it merely a credit card?For a range of financial requirements, such cash back, travel, business, and credit building, Capital One offers an amazing selection of credit cards. You'll like the digital accounting system that Capital Two credit cards offer if you conduct the majority of your banking online.
A excellent credit card is Capital?Consumers and small businesses have access to some of the greatest cash-back and reward credit and debit cards through Capital One. Other cardholders can earn large benefits on regular spending with the Savour and Venture cards, which are ranked among Select's best dining & travel cards, respectively.
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Your friend is thinking of hiring a financial planner to help him manage her portfolio. What should she be on the lookout for? Why?
Since my friend is thinking of hiring a financial planner to help him manage her portfolio. The things that she should on the lookout for are: What should I invest, and how much? How much money do I currently have?
How do you think does the financial planner helps a person when it comes to their finances?A financial advisor assists clients in developing long-term plans for increasing wealth and controlling risk. You can use them to manage, track, and balance your portfolio of investments. In addition, they may aid with a variety of other financial decisions and difficulties.
Financial planning is the process of setting broad financial goals and formulating a strategy to attain them. Portfolio management is the act of setting up and maintaining an investment account.
Therefore, the Focus on the advisor's compensation as well as the whole costs of their approach, such as taxes, trading fees, and fund expense ratios, advises David Oransky, a CFP® and financial planner at Laminar Wealth.
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a hedge fund has a 2/20 fee structure. if the fund has $12 million of assets under management, what is the yearly management fee?
A hedge fund has a 2/20 fee structure. if the fund has $12 million of assets under management, the yearly management fee will be market 2% of the total assets under management is charged.
A management fee plus a production fee make up the 2 and 20 investment bank compensation structure. A management fee equal to 2% of the total assets under management is charged. Further than a predetermined minimum threshold, the hedge fund must pay a 20% performance fee on its gains.
Typically, the charge equals 2% of such a fund's net assets value (NAV) more than a 12-month period. A performance fee, commonly referred to as an incentive fee, is regarded as compensation for successful outcomes. 20% of such fund's profits is normally the standard for performance fees.
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The is the organization that has the most power over the currency in the united states.
The Federal Reserve System is the organization that has the most power over the currency in the united states.
What is Federal Reserve System?Generally, The United States of America is served by a single central banking system, which is known as the Federal Reserve System.
After a string of financial panics, which led to the desire for centralized control of the monetary system in order to alleviate financial crises, the Federal Reserve was established on December 23, 1913, with the enactment of the Federal Reserve Act. This was the beginning of the modern monetary system.
The Federal Reserve System, often known as the Federal Reserve or simply "the Fed," is the central bank of the United States. It is also commonly referred to as the Federal Reserve.
The purpose of its establishment by Congress was to provide the country with a monetary and financial system that was less risky, more adaptable, and more reliable.
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Answer:
federal reserve
Explanation:
excluding farmworkers, the service sector accounts for what percentage of jobs in the united states?
Excluding farmworkers around 80% people are engaged in the service sector.
Explain in detail.
According to the U.S., the service sector creates intangible things, or more specifically, services rather than goods According to the Census Bureau, it includes a variety of service businesses, such as waste management, professional services, securities and other investment services, transportation and warehousing services, and information services.The four aggregate macroeconomic sectors that make up the fundamental framework for the macroeconomic analysis are household, business, government, and foreign, which together account for four of the gross domestic product's expenditures. These four industries are the main "actors" on the macroeconomic stage.To know more about Service sector here
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What are the benefits of cultivating and successfully demonstrating work ethic? What are the drawbacks of not doing so?
Answer:
Explanation:
The benefits of cultivating and successfully demonstrating work ethics would be, being able to get a better or a good job, getting promoted, and/or having your wage increased. If you don't show work ethic you will mostly likely get fired and others people would not want to hire you, and if they did they'd end up with a bad job that doesn't pay too well.
A couple starting a business together would like to share the decisions, have few start-up costs, and protect their personal assets. Which business structure would suit
their needs best?
O Corporation
O Limited liability corporation
O Partnership
O Sole proprietorship
A couple starting a business together would like to share the decisions, have few start-up costs and protect their personal assets, the business structure that would suit their needs best is Partnership. The Option C is correct.
What is Partnership?In business, partnership refers to an an arrangement whereby parties known as business partners, agrees to cooperate to advance their mutual interests. These partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments, couple etc.
An organizations can partner with others to increase the likelihood of each achieving their mission and to amplify their reach. In conclusion, a partnership may result in issuing and holding equity or may be only governed by a contract.
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Answer:
Explanation:
LLC
the payment of hu's debt to ian is guaranteed by hu's personal property. to give public notice of his interest in hu's property, ian is most likely to
In this situation Ian is most likely to file a financing statement with the appropriate authority.
What do you mean by financing?Finance is the process of obtaining funds or capital for any kind of expenditure. It is the process of allocating different financial resources, such as credit, loans, and invested capital, to the areas of the economy that may most benefit from them.
How are loans and funding different?Financing means taking out and repaying a car loan over time. When you take out a car loan, you agree to pay it back within the specified time frame along with interest and any costs. By looking around and comparing loan options, you might be able to save a significant amount of money on interest and fees.
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what will happen if the demand curve if government regulations require that all house holds have atleast two carbon dioxides
If government regulations require that all households have at least two carbon monoxide alarms instead of just one, along the demand curve, the equilibrium point will shift to the right.
What will happen?The demand curve would shift higher if the government mandated that homes have two carbon monoxide alarms rather than just one.Right- or upward-shifting shifts in the demand curve would occur. This change indicates that more individuals will require the product.The carbon monoxide alarms would be purchased by more customers. The demand curve moves to the right when demand for an item increases.If government regulations require that all households have at least two carbon monoxide alarms instead of just one, along the demand curve, the equilibrium point will shift to the right.The complete question is What will happen to the demand curve if government regulations require that all households have at least two carbon monoxide alarms instead of just one?
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A business using the retail method of inventory costing determines that merchandise inventory at retail is $492,100. If the ratio of
cost to retail price is 53%, what is the amount of inventory to be reported on the financial statements?
Answer:
The amount of inventory to be reported on the financial statements is:
$260,813
Explanation: a) Data and Calculations:
Inventory at retail = 492,100
Ratio of cost to retail price = 53%
Amount of inventory to report = $492,100* 53% = $260,813
b) Inventory is usually reported at the cost in the financial statements. While the business may ascertain its inventory at retail prices, it will still report the inventory at cost prices in the financial statements. Because of the many drawbacks of the retail method, it is not always used. For instance, the method does not work if the entity does not have a consistent markup across all products that are sold.
which statement regarding the paying of a commission in a real estate transaction is true under washington law? a) under certain circumstances, a designated broker may be compensated by more than one party for real estate brokerage services in a real estate transaction. b) a seller's designated broker may not share a commission paid by the seller with another designated broker. c) it is a violation of antitrust laws for a designated broker to split a commission with a nonaffiliated designated broker. d) the source of the payment of a commission always determines to whom a designated broker owes an agency obligation.
a) under certain circumstances, a designated broker may be compensated by more than one party for real estate brokerage services in a real estate transaction. But this will depend on the specific circumstances of the transaction and the terms of the agency agreement between the designated broker and the parties involved.
Under Washington law, a designated broker may be compensated by more than one party for real estate brokerage services in a real estate transaction if all parties to the transaction consent to the arrangement and the terms of the compensation are fully disclosed. However, it is important to note that the designated broker has a duty to disclose any conflicts of interest that may arise as a result of being compensated by multiple parties. Additionally, the designated broker must ensure that the arrangement does not result in any unlawful steering of clients or other unethical conduct.
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If the japanese government imposes tariffs on imported foreign rice, the result will be….
Answer:
Explanation:
If the Japanese government imposes tariffs on imported foreign rice, the result will be... an decrease in employment in the Japanese rice industry.
Stockholders are individuals who _____________.
A shareholder is an individual who holds one or more shares of stock in a public or private business. Shareholders receive ownership rights based on the percentage of corporation stock they possess.
What exactly are shareholders, and what is the distinction between stockholder and shareholder?A shareholder of a corporation is an individual or legal entity who is registered as the legal owner of shares of a public or private corporation's share capital by the corporation. Shareholders are individuals who are owners of a corporation.
To get into the nitty-gritty of the phrase, "stockholder" officially refers to the owner of the stock, which might be interpreted as inventory rather than shares." Shareholder," on the other hand, refers to the owner of a share, which may only apply to an equity position in a corporation.
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Diversity in business communication is influenced by the intersection of national culture, personal culture, and.
Answer:
The most likely answer would be the business/industry culture, there are many different types of cultures in business that include diversity with communications.
now suppose there is a mid-year revision of the gdp forecast that lowers the expected growth rate below 1.88 %. ceteris paribus, what impact will this lower growth rate have on the rate of inflation?
Because of the impact that a lower growth rate will have on the rate of inflation, the impact of inflation will be more than initially anticipated.
What is the inflation means?The rate of price growth over a set time period is known as inflation. Sometimes the amount of inflation is expressed in general terms, such as the overall rise in prices or the rise in the cost of living nationwide. The ability of those who pay and receive fixed interest rates to make purchases may eventually be impacted by inflation.
What is the best thing to do during inflation?One of the best ways to combat inflation is to consistently make sure that your investments are complete and sufficiently diversified. Equities normally outperform inflation over the long term, but holdings in commodities, real estate, TIPS, or I-bonds can simply diversify your portfolio even more. Among the less expensive physical assets that do well during inflation are several different commodities. Agricultural products like wheat, corn, soybeans, livestock, and lumber are among these commodities.
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information that includes data about employee salaries is considered what type of information?
Salary information is frequently regarded as confidential and proprietary information because if it were to get out, competitors might use it against you to learn about your company's financial status.
When an employer "adversely acts" against an employee due to a protected characteristic or conduct, this is discrimination. Termination, a reduction in rank, a wage cut, or an unfavourable transfer are all examples of adverse actions. An employee information who is blatantly disobedient to a management or business owner is said to be acting financial status.. Refusal to follow instructions from a superior is an example of insubordination. showing disrespect to superiors through the use of crude or mocking language.
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think of a product you recently purchased that you really wanted. how might the law of supply and demand have impacted the price? do you believe you paid a fair price? did you have a choice to pay a different price from a competing brand?
Consumer demand decreases when a good's price rises, and more supply enters the market. If the price is excessively high, there will be an excess product since there will be more supply than there is demand. On the other hand, as a good's price decreases, demand from customers increases and supply decreases.
According to the law of supply and demand, the connection between supply and demand determines pricing. Prices will decrease if there is a surplus of an item or service compared to the demand for it. Prices will increase if demand outpaces supply.
There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services. If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.
The same inverse relationship holds for the demand for goods and services. However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
Competitive pricing is the process of selecting strategic price points to best take advantage of a product or service based market relative to competition.
Competitive pricing is used more by businesses selling similar products, since services can vary from business to business, while the attributes of a product remain similar.
Competitive pricing is generally used once a price for a product or service has reached a level of equilibrium.
sometimes competing pricing gives a better option or if not, it depends on the product.
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an income property was appraised for $100,000 based on a 6% capitalization rate. if an investor used an 8% cap rate, the value of the property would be
Answer: A property's value is calculated by taking its net operating income and dividing it by the cap rate for comparable properties.
Explanation: Based on cap rate, how do you determine a property's value?
Equal to Value Divided by the cap rate is the net operating income.
How is the capitalization rate for properties determined?
For investors to assess if an asset is a wise investment, capitalized value is a useful tool. In order to estimate capitalized value effectively and reflect current value, the predicted annual income is often divided by the capitalization rate. The sum is then reduced by a discount rate.
How is asset value determined using income capitalization?
In the income method, what is the capitalization Following is the income approach's capitalization.
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an investment's current dividend yield plus its capital gain rate is known as its total return. true or false
The following statement "an investment's current dividend yield plus its capital gain rate is known as its total return" is True.
An investment is the commitment of funds to the acquisition of an asset with the aim of achieving an increase in value over time. A current asset, such as time, money, or effort, must be sacrificed in order to invest. The goal of investing in finance is to earn a return on the asset being financed.
Gains can include gains or losses from the sale of assets or investments, unrealized capital gains, investment income such as dividends, interest or rental income, or even a combination of capital and income. Profits may also include exchange gains or losses due to changes in exchange rates.
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Those who are working are defined as_____ (one word) and those who are not working but actively seeking work are defined as____ (one word).
Those who're running are described as hired and people who aren't running however actively in search of paintings are described as unemployed.
The required details for Unemployment in given paragraph
Unemployment, in keeping with the OECD now no longer being in paid employment or self-employment however presently to be had for paintings all through the reference period. Unemployment is measured through the unemployment rate, that's the range of those who are unemployed as a percent of the hard work force (the overall range of humans hired introduced to the ones unemployed). Unemployment and the fame of the financial system may be stimulated through a rustic thru, for example, financial policy. Furthermore, the financial authority of a rustic, along with the relevant bank, can have an impact on the supply and price for cash thru its financial policy. In addition to theories of unemployment, some categorizations of unemployment are used for extra precisely modelling the consequences of unemployment within side the financial system. Some of the principle styles of unemployment include structural unemployment, frictional unemployment, cyclical unemployment, involuntary unemployment and classical unemployment.
Structural unemployment specializes in foundational troubles within side the financial system and inefficiencies inherent in hard work markets, which include a mismatch among the deliver and call for of people with important talent sets. Structural arguments emphasize reasons and answers associated to disruptive technologies and globalization.
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The demand for a good or service that considers only the private benefits of its consumption is called.
Answer:
Private Demand
Explanation:
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May I please have a brainliest for this? I only need brainliests' to get to the highest level. I've already reached the amount of points. Thank you!
ellie (110 lbs), sammy (140 lbs), and bernie (170 lbs) are all training together for a half-marathon. they are out on a training run, all going at the same speed and for the same distance. will there be any difference in energy expenditure between ellie, sammy, and bernie?
Bernie will use more calories per minute. Because the individual with more bodyweight will have more muscle versus fat, consumes more calories.
Do heavier people burn more calories?The most important factor in basal metabolic rate is muscle mass. Additionally, factors like: Size and makeup of the body. Even when they are at rest, people who are larger or have more muscle burn more calories.
-> The amount of muscle and fat in your body determines how many calories you need to burn. The number of calories burned will increase with body fat percentage.
Therefore, even though they all run the same distance and at the same speed, Bernie, who weighs 170 pounds, burns more calories during a training run than Ellie, who weighs 110 pounds, and Sammy, who weighs 140 pounds.
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if the purchasing department paid $1,755.00 for the initial flour purchase, what was splish's dm efficiency variance?
Purchasing departments are at the centre of successful supply chain management.
What are purchasing department responsible for?
They frequently act as controllers to ensure budget conformity by assisting other departments in identifying their needs, managing the requisition process and sourcing competitive costs. When something is purchased, it signifies that it has been obtained from an outside source. The goal of the buy department is to coordinate the procurement from an outside agency or source of the materials, spare parts, services, or semi-finished goods that the organisation needs to manufacture the intended result. When it comes to consistently buying high-quality goods that come as close to a specified level as feasible, the buyer's skill is the deciding element. The main factor in quality purchasing is choosing the best option for the business. The grade or brand of the desired quality should be specified.To learn more about purchasing department refer to:
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the open innovation model has a couple of disadvantages. one of them is that it reduces a firm’s absorptive capacity.
The open innovation model has a couple of disadvantages. one of them is that it reduces a firm’s absorptive capacity.
The above statement is FALSE.
Explain in detail.
Open innovation refers to the process of companies and organizations obtaining ideas from both internal and external sources. Sharing information about issues and appealing to those outside the company for advice and solutions entails this. Unilever's innovation site is one example, which looks for answers to issues businesses have with food product packaging, transportation, and storage. Innovation challenges assist businesses in brainstorming and solving problems.The issues are typically clearly specified, like the Unilever program.
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