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2 years ago

The fundamental principle of insurance underwriting is that the cost of health care can be predicted for:___.

1 answer:

8 0

The fundamental principle of insurance underwriting is that the cost of health care can be predicted by healthcare policy.

A healthcare policy applicant's eligibility is assessed by medical insurance underwriters.
In addition to reviewing each individual's medical history, they may also take into account their age, career, credit score, and housing circumstances. Each application is approved or rejected by an underwriter.
The two most significant factors in health insurance are work and medical history. Group life plans and group health insurance underwriting are similar. Typically, the group is assessed collectively rather than individually. The entire group is either accepted or declined for coverage based on the risk profile of the group.

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ROK Corporation has provided you with the following information for 2010: (hint - set up T accounts for all accounts and post th

Sunny_sXe [5.5K]

The factory overhead applied to the product is $5,400

Let understand that Factory Overhead means the total cost that is used in operating all the production segment (i.e depreciation of equipment, salary, wages, electricity) of a manufacturing company and its does not include the costs of direct labor & materials.

It is given that:

- Factory Labor Incurred equals $8,000 (including $6,000 direct and $2,000 indirect

- Manufacturing Overhead is applied to the product based on 90% of direct labor dollars

Therefore, the Factory overhead applied will equals Direct factory labor incurred * 90% Overhead applied

Factory overhead applied = $6,000 * 90%

Factory overhead applied = $5,400

In conclusion, the factory overhead applied to the product is $5,400

See similar Factory overhead here

brainly.com/question/14330080

7 0

3 years ago

A company purchases inventory on terms of net 30 days and resells to its customers on terms of net 15 days. The inventory conver

Tanzania [10]

Answer:

The company's cash conversion cycle is 75 days

Explanation:

The conversion cycle is the number of days that a business takes to convert its investment in inventory into cash flowing from the purchase and sales of the business.

Conversion cycle = Payable days + Inventory in Stock days + Receivable days

where

Payable days = Purchases term = 30 days

Inventory in stock = Number of days until inventory remains unsold = 60 - 30 days = 30 days ( As payable days are already included in inventory conversion days )

Receivable days = Sales term = 15 days

Placing values in the formula

Conversion cycle = 30 days + 30 days + 15 days

Conversion Cycle = 75 days

6 0

3 years ago

Wasson Widget Company is contemplating the production and sale of a new widget. Projected sales are $300,000 (or 75,000 units) a

Ber [7]

Answer:

Target cost per unit = $3.52

Explanation:

Given:

Projected sales = $300,000 or 75,000 units

Desired profit = $36,000

Find:

Target cost per unit

Computation:

Target cost per unit = [Projected sales - Desired profit] / Total units

Target cost per unit = [$300,000 - $36,000] / 75,000

Target cost per unit = $264,000 / 75,000

Target cost per unit = $3.52

8 0

3 years ago

A company has net working capital of $0, current liabilities of $25 and total assets equal to $100. What is its current ratio?

kap26 [50]

I believe the answer is B) 1.0

6 0

4 years ago

Furniture Company manufactures tables. It has two manufacturing departments: Department A and B. The company uses a budgeted ove

motikmotik

Answer:

The total cost of Job A is $29,044

Explanation:

The computation of the total cost is shown below:

= Direct materials used for Department A + Direct materials used for Department B + Direct manufacturing labor for Department A + Direct manufacturing labor for Department B + Applied overhead for Department A + Applied overhead for Department B

where,

Applied overhead for Department A = (Budgeted manufacturing overheads ÷ machine-hours) × Department A machine hours

= ($57,500 ÷ 4,000 machine-hours) × 800 machine-hours

= $11,500

Applied overhead for Department B = (Budgeted manufacturing overheads ÷ Direct labor hours) × Department B Direct labor hours

= ($62,500 ÷ 8,000 Direct labor hours) × 300 Direct labor hours

= $2,344

The other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= $3,250 + $1,350 + $5,250 + $5,350 + $11,500 + $2,344

= $29,044

8 0

3 years ago