Answer:
The Actuarially Fair Premium that Tom have to pay for hid Health Insurance is $4,160
Explanation:
To compute the amount that Tom have to pay for Health Insurance is;
Actuarially Fair Premium = (Probability of actuality ill × Payments incurred) + (Probability of not actuality ill × Payments incurred)
Actuarially Fair Premium = (20% x $20,000) + (80% x $200)
Actuarially Fair Premium = $4,000 + $160
Actuarially Fair Premium = $4,160
A global recession might limit the benefits of diversifying your investments because most investments may perform poorly if all countries are in a recession
A prolonged period of worldwide economic contraction is referred to as a global recession. As a result of trade links and international financial systems, economic shocks and the effects of recession spread from one nation to the next, causing more or less synchronized recessions in many national economies.
A decline in global per capita gross domestic product (GDP) is one of the factors the International Monetary Fund (IMF) employs to identify global recessions. The IMF defines this decline in global output as having to occur at the same time as a deterioration of other macroeconomic indices, such as trade, capital flows, and employment.
Learn more about global recession here
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Answer: Appropriate/accurate relationship marketing
Explanation:
Relationship marketing refers to the scenario where producers build a bonding with customers in rider to improve services they offer to the customer and producing high quality products based what the customers demand for. The aim of these marketing strategy is to maintain existing customers who can recommend potential customers to use the product, also they are other services attached like Promo and bonuses which are used to encourage consumers. Phat strategy used on his customers is known as Accurate relationship marketing.
Answer:
c) $40,000 to buy the part
Explanation:
For computing the better off first we have to compute the per unit cost which is shown below:
= Direct material per unit + Direct labor per unit + variable overhead + applied variable overhead
= $12 + $25 + $13 + $30 × 30%
= $12 + $25 + $13 + $9
= $59
The difference cost would be
= $59 - $55
= $4
Now the better off would be
= Number of units × difference cost
= 10,000 units × $4
= $40,000
