1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blagie [28]
2 years ago
13

Barry has a medical plan with a $1,200 deductible, 20% coinsurance, and a $5,000 coinsurance cap. His allowable medical expenses

during the past year are $18,000. How much of this amount will he have to pay out of pocket
Business
1 answer:
Trava [24]2 years ago
4 0

Based on his deductible and coinsurance cap, the amount that Barry will pay is <u>$4,560.</u>

<h3>Amount Barry will pay </h3>

Barry will have to pay the entire deductible of $1,200. The expenses that are left will then be shared between him and the insurer in a 20% - 80% ratio but he will not pay more than $5,000.

Total he will pay out of pocket is therefore:

= Deductible + ( 20% x (Medical expenses - deductible))

Solving gives:

= 1,200 + ( 20% x (18,000 - 1,200))

= $4,560

In conclusion, he will pay $4,560.

Find out more on insurance payments at brainly.com/question/25973180.

You might be interested in
Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the
omeli [17]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Month - Lease cost - Machine hours

April: $15,000 - 800

May: $10,000 - 600

June: $12,000 - 770

July: $16,000 - 1,000

Using the high-low method, first, we need to determine the unitary variable cost. We need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (16,000 - 10,000) / (1,000 - 600)

Variable cost per unit= $15 per unit

Now, we can calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 16,000- (15*1,000)

Fixed costs= $1,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 10,000 - (15*600)

Fixed costs= $1,000

6 0
3 years ago
Briefly describe the trauma that is associated with GBV​
SVETLANKA909090 [29]

Explanation:

<h3>Mental health impacts for survivors of gender-based violence include Post Traumatic Stress Disorder (PTSD), depression, anxiety, substance misuse, self-harm and suicidal behaviour, and sleep disturbances. In addition, a survivor of GBV may also face stigma and rejection from her community and family.</h3>
7 0
3 years ago
Mary Matthews made $950 during a biweekly pay period only social security (fully taxable) and federal income taxes attach to her
____ [38]

Answer:

The correct answer to the following question will be "$831".

Explanation:

  • Mary Matthews is a married woman, however, her gross salary is $950 per two weeks, as well as the compensation amount, is 2. The year 2018 married bi-weekly wage category table would be used to determine the sum to be withheld underneath the framework of wage class.
  • The applicable limit for $950 throughout the list is between $945 or $965 as well as $19 seems to be the amount of funding tax must keep for 2 allowances.

So that the compensation would be:

The sum is taken by her to their residence = Gross Salary - Income Tax deferred - Contribution towards 401k

= $950 - $19 - $100

= $831

5 0
3 years ago
Zippy had cash inflows from operations of $65,500; cash outflows from investing activities of $50,000; and cash inflows from fin
Diano4ka-milaya [45]

Answer:

$45,500

Explanation:

$65,500+$28,000= $95,500

$95,500 - $50,000 = $45,500

6 0
2 years ago
Your office network has been measured to stay working an average of 2,200 hours with a standard deviation of 285 hours. What is
JulsSmile [24]

We assume here that <em>the probability for an office network to fail</em> follows a <em>normal distribution</em> with a <em>population mean of 2,200 hours</em> and a <em>population standard deviation of 285 hours</em>.

Answer:

The probability that the network will stay up for 2,800 hours before it fails is about 1.743%.

Explanation:

According to the question that the office network "has been measured to stay working an average of 2,200 hours", we can conclude that, for <em>normally distributed data</em>, at this working time, the office network has a probability of failure of 50% and a probability of being working of 50%, too.

As the office network still operates, the probability of failure increases following a normal distribution. So, for 2,800 hours of operation, we need to calculate the probability of failure for this network.

For this, we need to determine the <em>z-score</em> for the raw value of x = 2,800 hours, to later consult a <em>standard cumulative normal table </em>and find the probability associated with this z-score. To calculate it, we can use the z-score formula:

z\;score = \frac{x - \mu}{\sigma}

Where

\\ \mu\;is\;the\;population\;mean

\\ \sigma\;is\;the\;population\;standard\;deviation

And <em>x</em> is the raw score or the 2,800 hours of operation for the office network.

Thus

z = \frac{2800 - 2200}{285}

z = 2.105 \approx 2.11

Having a z = 2.11 (approximately) and consulting a <em>standard cumulative normal table, </em>we have that<em> </em>P(z<2.11) = 0.98257.

In other words, for 2,800 hours of operation for the office network, there is a probability of about 98.257% that this network <em>has failed by this time</em>.

Therefore, the probability that the network will stay up for 2,800 hours is 1 - 0.98257 = 0.01743 or about 1.743% of being working before it fails (or for only about 1.743% of the cases, the office network stays working for 2,800 hours).

The graph below has the shaded area that represents this probability.

8 0
3 years ago
Other questions:
  • Amanda wants to start a business to sell handmade jewelry. She is very competent at making the jewelry and teaching others to ma
    7·2 answers
  • cientists have developed a bacteria that they believe will lower the freezing point of agricultural products. This innovation co
    15·1 answer
  • Monica was hired by the Misty Mount Corporation to take over as the new chief executive officer. Her initial impression is that
    12·2 answers
  • During October the plant produced 8,000 ingots and incurred the following costs: a. Purchased 33,000 pounds of materials at a co
    5·1 answer
  • Sales, property, and income are three types of _____.
    9·1 answer
  • Randy agreed to join a biology study group. When the study group leader gave him her phone number, he had nothing on which to re
    10·1 answer
  • La Famiglia Pizzeria provided the following information for the month of October:
    15·1 answer
  • The predetermined overhead rate is multiplied by the actual allocation base incurred by a job to find ______.
    13·1 answer
  • What is a benefit of applying artificial intelligence to accenture work
    15·1 answer
  • Berry company is an architectural firm located in detroit, michigan. the company works with small and medium-size construction b
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!