$550 is the minimum premium payment.
The bare minimum premium went up by $18.4
Policyholders are 30,000
Rate of accidents: 0.06
Accidental deaths = 30,000*0.06 = 1800
If this year's required profit for the business is $1,740,000 and the payout for each claim (after deductibles) is $8,200
Total compensation equals each claim's payout times the number of claims.
Total compensation: 8200 × 1800, = $14,760,000
Total minimum premium now equals total payout plus profit.
= $ 14,760,000+ $1,740,000
= $ 16,500,000.
Total minimum premium / the number of policyholders equals the minimum premium charge.
= $ 16,500,000 ÷ 30,000
= $550
Thus the minimum premium charge = $550
The accident rate will rise by 5%, or 1.05, in this case.
Add this rate to the prior accident rate.
0.06 × 1.05 = 0.063
Rate of accidents: 0.063
The number of policyholders will rise by 1.12 times (12%).
30,000*1.12 = 33600
Accident total = 33600*0.063 = 2116.8
Total payout = each claim's payout × Amount of complaints
8200 × 2116.8 = $ 17357760
Minimum total premium equals total payout plus profit
= $ 17357760 + $ 1,740,000 = $19,097,760
Total minimum premium / the number of policyholders equals the minimum premium charge.
$ 19,097,760 / 33600 is the minimum premium fee.
568.4 - 550
= 18.4 $
The minimum premium increased by $18.4
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What is the technique of lookinf at the trad e offs between producing goods or ervices internally vs procuring it from outside the organization?
Make-or-buy analysis is the technique of determining cost effectiveness of producing goods or services internally versus procuring them from outside the organization.
What is Make-or-buy analysis?The process of obtaining and arranging data regarding product requirements and comparing it to available options, such as purchasing or manufacturing the product internally.
A company's decision to manufacture or purchase is based on its key competencies. The main causes of a make-or-buy decision are production cost and quality issues. Other factors that influence the current operations pattern are managerial actions and a company's long-term business plan.
The following are some of the benefits of making or purchasing decisions: The discovery aids in determining the most efficient way to proceed with in-house manufacturing or outsourcing. The choice aids the company's strategic maneuvering. Many firms will benefit from the ruling.
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The ________ is the optimum budget to managers that plan revenues and expenses at different sales volumes.
The flexible budget is the optimum budget to managers that plan revenues and expenses at different sales volumes.
What is a flexible budget?According to changes in actual revenue or other activities, a flexible budget can be adjusted. The end result is a budget that closely matches actual outcomes. This strategy differs from the more typical static budget, which only lists fixed spending figures that don't change in accordance with actual revenue levels. Instead of using the customary set amounts, the flex budget allocates certain expenses as percentages of revenue. This enables an infinite number of adjustments to be made to anticipated costs that are directly related to actual income received. This method, however, ignores adjustments to other expenditures that don't alter in response to slight variations in revenue.The flexible budget is a useful tool for assessing the performance of managers since it adjusts itself based on activity levels; the budget should nearly match expectations at any number of activity levels.
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A(n) ________ is an internet business model that provides an initial point of entry to the web along with specialized content and other services
Answer:
Portal
found this answer on a site that helps me
Btr warehousing issues 10-year, aa-rated bonds. what is the yield on one of these bonds? disregard cross-product terms; that is, if averaging is required, use the arithmetic average
Nominal interest rates can be calculated as follows:
r=r∗+IP+MRP+LP+DRP
The interest rate before accounting for inflation is referred to as the nominal interest rate. The term "nominal" can also apply to the advertised or quoted interest rate on a loan, which excludes any fees or interest compounding.
Real and effective interest rates are not the same as nominal interest rates. While effective rates are crucial for borrowers as well as investors and lenders, real interest rates are typically significant for investors and lenders.
Despite being the declared rate connected with a loan, the nominal rate is frequently not the rate that the consumer pays. Instead, a variable effective rate that takes into account fees and the effects of compounding is paid by the consumer. As a result, annual percentage yield (APY) and annual percentage rate (APR) differ from the nominal rate in that the former accounts for fees and the latter for compounding.
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cultural and behavioural expectations of studying for a degree in business management
The Cultural and behavioral expectations of studying for a degree in business management is to be able to know the relationship and behaviors of employees, managers and customers.
What is cultural behavior in business?The cultural behavior in business helps to be familiar with the employees, managers and customers and the relationship between them as regards the culture of the business.
This help to know the team's behavior, as well as setting them up to to record success in workplace.
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What is required after a life agent sells an insurance policy to an applicant without being appointed by the insurer?
If a life agent represents an insurer in the sale of an insurance policy without being appointed, the insurer has 14 days to notify the Commissioner of the appointment.
What does an insurance rescission notice entail?A rescission is distinct from a claim denial or a cancellation of a policy. When an insurance provider rescinds a policy, they are essentially saying that it never existed in the first place. The policyholder will be returned to the state they were in prior to the policy's entry, with all premium payments being repaid.
A rescission states that the policy was unenforceable from the outset for one or more reasons.
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What is the rate of return on a bond with a coupon of $38 payable in one year that was purchased for $950 and sold one year later for $931?
2% is the rate of return on a bond with a coupon of $38 payable in one year that was purchased for $950 and sold one year later for $931.
How do bonds make you money?
Bonds can be profitable for investors in two different ways. Direct bond purchases are made by private investors with the intention of holding them till maturity and profiting from the income they accrue. Additionally, they could invest in a bond mutual fund or bond ETF (ETF). The interest plus appreciation divided by the initial bond price, stated as a percentage, is used to calculate the rate of return.
What is rate of return on a bond?
If you've owned a bond for a long time, you may wish to figure out its annual percent return, which is the percent return divided by the number of years you've owned the investment. For instance, the return on a $1,000 bond kept for three years with a $145 return is 14.5 percent, yet the yearly return is only 4.83 percent.
How do you calculate the average return on a bond?
The interest plus appreciation divided by the initial bond price, stated as a percentage, is used to calculate the rate of return.
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What effects did zaha have on guggenheim new york?
The effects that Zaha had on Guggenheim New York is that her current retrospective at the Solomon R. Guggenheim Museum in New York gives ample evidence of her genius. She has been busy and produced a staggeringly impressive body of work that is without equal for its inventiveness. This saved urban space and merges the elements of its surroundings. It also projects a brand new artificial landscape outweighted by funnel-shaped cones. The Solomon R. Guggenheim Museum, often referred to as The Guggenheim, is an art museum at 1071 Fifth Avenue on the corner of East 89th Street on the Upper East Side of Manhattan in New York City.
Who is Zaha Hadid?Dame Zaha Mohammad Hadid DBE RA was a British-Iraqi architect, artist and designer, recognised as a major figure in architecture of the late 20th and early 21st centuries.
Therefore, the correct answer is as given above
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Which model is directed solely at determining how much input subordinates should have in the decision-making process?
The Normative Decision Model is solely directed at determining how much input subordinates should have in the decisions making process.
The Normative Decision Model was developed by Vroom and Yetton. This model, is limited only to decision making. Thus, if a decision has a rational better or worse alternative, the leader should select the better alternative from the two.
This model is considered as standards for evaluation. So it must be justified independently of observations of people's judgments and decisions. This model also studies the guidelines for right action.
Hence, in the decisions making process, the Normative Decision Model is solely directed at determining how much input subordinates are needed.
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If a 2-year capital project has an internal rate of return factor equal to 1.69 and net annual cash flows of $51000, the initial capital investment was
If a 2-year capital project has an internal rate of return factor equal to 1.69 and net annual cash flows of $51000, the initial capital investment was
CI= $86190.
This is further explained below.
What is a capital investment?Generally, A company's purchase of tangible assets for use in advancing its long-term business aims and objectives is capital investment.
In conclusion,
capital investment
CI=51000x1.690
CI= $86190
If the internal rate of return factor for a two-year capital project is equal to 1.69 and the net yearly cash flows are equal to $51,000, then the original capital expenditure for the project was equivalent to $86190.
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Question Content Area Assuming a 360-day year, the interest charged by the bank, at the rate of 6%, on a 90-day, discounted note payable of $100,000 is a.$500 b.$3,000 c.$1,500 d.$6,000
The interest is $1,500
The answer is option B. $1,500
Given,
Amount of Note Payable 100,000.00
No of Days = 90
Interest Rate = 6%
Interest = 100,000*6%*90/360
Interest = 1,500
In finance and economics, interest is a fee from a borrower or deposit-taking economic institution to a lender or depositor of an amount above reimbursement of the foremost sum, at a particular price. it's far awesome from a charge which the borrower may additionally pay the lender or some celebration.
In finance and economics, interest is charged from a borrower or deposit-taking economic group to a lender or depositor of a quantity above reimbursement of the essential sum, at a selected price. it's far wonderful from a price that the borrower may also pay the lender or some third party.
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Lance's taxable income last year was $65,350. According to the tax table
below, how much tax does he have to pay if he files with the "Single" status?
The amount of tax that Lance is going to have to pay under the single status is going to be $12,531
What is the single status tax system?This is the status that is used by the people that are not married. In this system of filing taxes, the way that it is done is that the single filers would have to use the single status for the internal revenue service.
We have to multiply the income that is taxable from last year by 19.17%
= $65,350 * 19.17%
= $12531
Hence the amount that has to be taxed is going to be 12531
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If an oligopoly firm with market power that has saturated the market wants to increase sales?
It must decrease its price in order to sell more market power that has saturated the market wants to increase sales
What is oligopoly ?
An oligopoly is a market structure in the economy. The structure only has a small number of firms. Of these firms, none are a firm forerunner. This means that no single firm has more influence than any of the others on the market. The resulting power structure means that there are no advantages present, as well.
Some market structures that may seem more familiar are monopolies and duopolies. In monopolies, a single firm has what’s called monopolistic competition. This means that they are the only firm in the market, and that they are controlling it. This means that they control the entire market, and the barrier to entry prevents other firms from participating. A monopoly quantity, as the name implies, is singular.
Why does oligopoly stay stable ?
For an oligopoly to remain stable, competing companies have to see the benefit in cooperation. By collaborating, large companies in a market can increase their profits. As such, many companies tend to be more willing to cooperate with one another.
That may sound like price-fixing, though, right? Many companies will avoid blatant price-fixing through creative means. Historically, some have fluctuated their prices by following the phases of the moon. Others work together to define a price leader. Then, when the leader raises prices, all of the “competing” companies will follow their lead. This lets oligopolies avoid unethical practices such as price-fixing on paper, at the very least.
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cultural and behavioural expectations of studying for a degree in business management
The Cultural and behavioural expectations of studying for a degree in business management is to be able to know the relationship and the culture with respect to behaviors of employees, managers and customers.
What is cultural behavior in business?The cultural behavior in business helps to be familiar with the employees, managers and customers and the relationship between them as regards the culture of the business.
This help to know the team's behavior, as well as setting them up to to record success in workplace.
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The slope of a demand curve is not used to measure the price elasticity of demand because.
The correct option is C.
The measurement of slope is sensitive to the units chosen for price and quantity.
What Is Meant by Elasticity in Economics?The term "elasticity" refers to a measurement of how responsively a quantity that is required or supplied is to one of its determinants. When a factor, like as price or supply, changes, the demand for a good responds quickly. Conversely, items that are inelastic maintain their demand even when prices increase significantly.
How do we measure elasticity?The calculation for this indicator, also known as cross-price elasticity of demand, involves dividing the percentage change in the amount demanded of one good by the percentage change in its price.
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I understand that the question you are looking for is:
The slope of a demand curve is not used to measure the price elasticity of demand because
A) the slope of a linear demand curve is not constant.
B) the slope of a line cannot have a negative value.
C) the measurement of slope is sensitive to the units chosen for price and quantity.
D) the slope of the demand curve does not tell us how much quantity changes as price changes.
A process used to develop knowledge that allows an organization to understand the actions and intentions of threat actors and develop methods to prevent or mitigate cyberattacks is known as?
A process used to develop knowledge that allows an organization to understand the actions and intentions of threat actors and develop methods to prevent or mitigate cyberattacks is known as threat intelligence.
Information on threats intelligence that has been compiled, altered, examined, evaluated, or enriched to offer the appropriate context for decision-making processes. Threat intelligence provides in-depth information about attack-related URLs, domain names, files, and IP addresses. An organization can respond to security incidents and guard against current assaults using the information.
Cyber threat intelligence is knowledge, skill, and experience-based information about the occurrence and assessment of both cyber and physical threats and threat actors, with the goal of assisting in the mitigation of prospective assaults and damaging cyberspace occurrences.
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Tight monetary policy theory dictates that when the economy is faced with inflation, the government should:______
Tight monetary policy theory dictates that when the economy is faced with inflation, the government should increase interest rates.
When a central bank attempts to keep inflation under control, tight monetary policy, also known as contractionary monetary policy, usually takes place. The economy may become overheated as a result of excessive consumer and business borrowing and spending, which might significantly increase the cost of products and services.
The tight monetary policy suggests the Central Bank (or monetary policy authority) is attempting to slow down the demand for money and slow the rate of economic expansion. This typically entails rising interest rates. Usually, the goal of tight monetary policy is to lower inflation. For instance, cutting back on money printing or selling long-term government bonds to the banking industry. The antithesis of quantitative easing would be this.
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Suppose americans decide to save more of their incomes. If banks lend this extra saving to businesses, which use the funds to build new factories, this leads to?
There is a trade-off when individuals save their money, so society is not receiving a free giveaway. The economy benefits from consumers delaying their current wants and saving for the future.This is further explained below.
What is does saving lead to?Generally, People's savings are tapped into by banks. In turn, banks provide money to businesses, which then build new factories to increase output. As production capacity increases, so does per capita output, resulting in a quicker rate of product development.
In conclusion, Workers, business owners, and families all get the rewards of greater production.
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Question Content Area If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at an amount a.greater than face value b.equal to the face value c.less than face value d.The answer cannot be determined from the information given.
If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at an amount c.less than face value.
Face value is a financial term used to describe the nominal or dollar value of a security as reported by the issuer. For stocks, par value is the original price of the stock as stated on the certificate. For bonds, this is the amount paid to the holder at maturity, usually in increments of $1,000.
Face value is the amount the issuer pays the investor at maturity. Because the price of a bond fluctuates, prices are stated relative to the original par or face value. Bonds are called trading above or below par.
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What are the 5 principles ron blue suggests that you follow to choose a successful financial advisor?
The 5 principles Ron Blue suggests that you follow to choose a successful financial advisor
Knowing how the advisor is compensatedKnowing the advisor's professional competenciesDo they practice what they preachWill they give you character or client referencesKnow the advisor's worldviewWho is a Financial Advisor?A professional who offers financial services to clients depending on their financial circumstances is known as a financial adviser or advisor.Financial advisors must undergo particular training and register with a regulating agency in several nations in order to provide advice. A financial adviser must pass the Series 7 and Series 66 or Series 65 qualifying exams in order to practice in the United States.Qualification designations and compliance concerns must be recorded for public view, according to the U.S. Financial Industry Regulatory Authority (FINRA). Brokers, investment advisers, private bankers, accountants, attorneys, insurance agents, and financial planners are among the professions listed by FINRA as being permitted to use the phrase "financial advisor."To know more about financial advisor with the given link
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Suppose the u.s. economy faces a $1,000 million recessionary gap and mpc is 0.8. what fiscal policy will close the recessionary gap?
Expansionary fiscal policy contains tax cuts, transfer payments and expanded government spending on projects such as infrastructure advancements.
Expansionary fiscal policyExpansionary fiscal policy is most suitable when an economy is in slump and growing below its potential GDP.However, expansionary fiscal policy can result in increasing interest rates, growing trade debts, and accelerating inflation, particularly if applied during beneficial economic developments.
These side impacts from expansionary fiscal policy tend to partly offset its stimulative effects. It seeks to spur economic activity by arranging more money into the hands of consumers and businesses. It's one of the major forms governments reply to compacting in the business cycle and prevent economic recessions.
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If an employee has agreed to a workers' compensation scheme, she may not file a lawsuit against her employer for negligence because workers' compensation is the:__________.
If an employee has agreed to a workers' compensation scheme, she may not file a lawsuit against her employer for negligence because workers' compensation is the exclusive remedy.
A workers' compensation clause known as an exclusive remedy forbids injured workers from suing their employer while they are collecting payments from workers' compensation.
Employees hurt on the job are prohibited from suing their employers in tort under a provision known as an exclusive remedy that is found in workers' compensation laws. Injured employees' only option for redress is the amount offered under workers' compensation.
State-by-state variations on exceptions to this law do give the employee a place to seek legal redress. Such deviations include two different types: the failure to get and maintain insurance and the employer's deliberate negligence.
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Answer:
If an employee has agreed to a workers' compensation scheme, she may not file a lawsuit against her employer for negligence because workers' compensation is the exclusive remedy.
Explanation:
The ________ details how the business expects to go from the beginning cash balance to the desired ending cash balance.
Cash Budget details how the business expects to go from the beginning cash balance to the desired ending cash balance.
About cash budget :
A cash budget is an estimation of the cash flows of a business over a specific period of time. This could be for a weekly, monthly, quarterly, or annual budget. This budget is used to assess whether the entity has sufficient cash to continue operating over the given time frame. The cash budget provides a company insight into its cash needs (and any surplus) and helps to determine an efficient allocation of cash.
How a Cash Budget Works
Companies use sales and production forecasts to create a cash budget, along with assumptions about necessary spending and accounts receivable collections. A cash budget is necessary to assess whether a company will have enough cash to continue operations. If a company does not have enough liquidity to operate, it must raise more capital by issuing stock or taking on more debt.
A cash roll forward computes the cash inflows and outflows for a month, and it uses the ending balance as the beginning balance for the following month. This process allows the company to forecast cash needs throughout the year, and changes to the roll forward to adjust the cash balances for all future months.
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Goods and services are produced efficiently when production is organized in combinations and ways ______.
Goods and services are produced efficiently when production is organized in combinations and ways that minimize the cost per unit of output.
What are Goods and services?Items that are typically (but not always) tangible are referred to as goods. Examples include pens, real books, salt, apples, and hats. Services are things that other people do for you, such as online servers, waiters, barbers, lawn care providers, dentists, barbers, doctors, digital books, digital video games, and digital movies.All economic activity and commerce are supported by the creation, distribution, and consumption of products and services when taken as a whole. Although businesses also consume products and services in the process of generating other goods and services, economic theory assumes that consumption of goods and services results in utility (pleasure) for the consumer or end-user.To know more about goods and services with the given link
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Policies related to setting interest rates, control of currency supply, and the buying/selling of treasury bonds are referred collectively as _____.
Policies related to setting interest rates, management of money supply, and the buying/selling of treasury bonds are referred collectively as Monetary policy
Monetary policy is primarily involved with the management of interest rates and the total pool of money in circulation and is generally taken out by central banks, such as the U.S. Federal Reserve.
What is monetary policy and fiscal policy?
Monetary policy refers to central bank activities that are headed toward influencing the amount of money and credit in an economy. By contrast, fiscal policy guides to the government's decisions about tax and spending. Both monetary and fiscal policies are used to control economic activity over time
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Using the same scenario as in number 2, your interviewer tells you that the game costs $1 to play and it has an expected value of 47 cents for every dollar spent. Use the following payouts to determine the expected value of the game. Do you agree with your co-worker?s assertion? roll sum of 19 sum of 17 sum of 15 sum of 13 doubles other winnings $5 $3 $2 $1 $. 5 $0.
Roll sum of 19 sum of 17 sum of 15 sum of 13 doubles other winnings $5 $3 $2 $1 $.5 $0.
What is Roll sum?The 12-month rolling sum is the total of the previous 12 months. As the 12-month period "rolls" forward each month, the amount from the most recent month is added and the amount from the previous year is deducted. As a result, a 12-month total has been carried forward to the new month.
Cumulative sums, often known as running totals, are used to show the total sum of data as it grows over time (or any other series or progression). This allows you to see the entire contribution of a specific measure across time.
The total number of possible outcomes is 36, which is equal to the total number of the first die (6) multiplied by the total number of the second die (6).
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By performing a(n) ______, an organization determines the raw input, equipment, and human resources needed to produce an output.
By performing a workflow analysis, an organization determines the raw input, equipment, and human resources needed to produce an output.
Workflow analysis is the procedure of inspecting an employer's workflows, generally for the reason of enhancing operational performance. It identifies regions of manner improvement which include redundant obligations or strategies, inefficient workplace layouts and bottlenecks inside the workflow.
A workflow evaluation is a review of all subprocesses associated with a selected operation. It could consist of plans to remove the inefficiencies and optimize the subprocesses. If your workflow operates easily after you have got analyzed and optimized it, you might need to think about automation.
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When examining the cost curves for a firm, the minimum average variable cost occurs at the output level where:_____.
When examining the cost curves for a firm, the minimum average variable cost occurs at the output level where Zero point level.
The "zero profit point" is the location where the marginal cost curve crosses the average cost curve, at the minimum of the average cost curve. A completely competitive firm should close its doors if its market price is less than its average variable cost at the profit-maximizing output level.
A totally competitive corporation is unable to control the price it charges because it must accept the price for its output that is established by the supply and demand for the product in the market.
Since the profit calculation already accounts for this, the perfectly competitive firm can provide any quantity of units at the same price.
It suggests that the company's product has a completely elastic demand curve, meaning that customers are eager to purchase any quantity of the company's output at the going rate.
The quantity that the perfectly competitive firm decides to produce will define its total revenue, total costs, and eventual level of profits along with the prices that are currently in effect on the market for inputs and output.
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Lois is considering buying a new bicycle for $200. it has a 20hance of breaking down in the next year. what is the expected value in terms of repair cost for this purchase?
The expected value in terms of repair cost for this purchase is $40.
Repair cost manner fees and expenses are fairly essential or acceptable due to normal wear and tear, periodic replacement, vandalism, damage, or destruction of any part of the ability property, and shall now not encompass operating fees.
First, bring together the entire listing of substances wished, and report a high and occasional price estimate for each. as soon as it really is carried out, add each column of numbers to get the whole cost for each high and coffee. Then upload the two totals, after which divide with the aid of to get the common price.
Repair cost and substitute mean all non-routine, non-repetitive activities, repairs or substitutes of systems, equipment, or device required for continuity of operations, safety, and running overall performance this is vital to prevent or correct a failure of the Pelletier Facility and which aren't protected as a component.
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When the medicare program does not have primary responsibility for paying a beneficiary’s medical expenses, the medicare __________ concept applies.
When the medicare program does not have primary responsibility for paying a beneficiary’s medical expenses, the medicare (D) secondary payer concept applies.
What is the secondary payer concept?When the Medicare program does not have a primary payment obligation - that is, when another entity pays before Medicare - the phrase "Medicare Secondary Payer" (MSP) is commonly used.A secondary payer is defined as a plan, insurance policy, or program that pays second on a medical care claim and only to the degree that payment has not been made. Depending on the circumstances, a secondary payer could be Medicare, Medicaid, or another type of insurance. When a person has a GHP through their own or a spouse's job and the employer has more than 20 employees, Medicare may be the secondary payer.Therefore, when the medicare program does not have primary responsibility for paying a beneficiary’s medical expenses, the medicare (D) secondary payer concept applies.
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The question you are looking for is given here:
When the medicare program does not have primary responsibility for paying a beneficiary’s medical expenses, the medicare __________ concept applies.
a) limiting charge
b) conversion factor
c) balance billing
d) secondary payer