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3 years ago

The premium of a health insurance plan refers to the

Business

2 answers:

daser333 [38]3 years ago

5 0

Total Cost of <span>Insurance Coverage

</span>

pishuonlain [190]3 years ago

3 0

Answer:

Total Cost of Insurance Coverage

Explanation:

Health insurance (also called medical insurance or medical expense insurance) is a contract between you and an insurance company.

In exchange for you making the premium payments, the health insurance company agrees to pay the medical expenses that you may incur under the terms of the contract.

Health insurance is essential in these times, since a simple accident or serious illness could end your savings and sink you into debt.

There are many reasons to purchase medical insurance for you and your family, but this is the most important, because medical expenses can reach tens of thousands of dollars or more for a simple injury or illness.

In addition, hospitalization and injury treatment costs continue to grow at a rate that exceeds inflation.

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Burton corp. is growing quickly. dividends are expected to grow at a rate of 28 percent for the next three years, with the growt

goldenfox [79]

Current year Dividend (D0) = $3.20

Dividend for the first year (D1) = $3.20*(1.28) = $4.10

Dividend for the second year (D2) = $3.20*(1.28)^2 = $5.24

Dividend for the third year (D3) = $3.20*(1.28)^3 = $6.71

Dividend for the fourth year (D4) = $3.20*(1.069)^4 = $7.17

Price of the third year (P3) = $7.17/(0.16-0.069) = $78.83

Current Price of the year (P0) = $4.10/(1+0.16)^1 + $5.24/(1+0.16)^2 + $6.71/(1+0.16)^3 + $78.83/(1+0.16)^3

P0 = $64.34

7 0

3 years ago

Read 2 more answers

When the Fed sells securities, the total funds of commercial banks ____ by the market value of the securities sold by the Fed. T

Colt1911 [192]

Answer:

The correct answer is decrease; tightening.

Explanation:

If the FED reduces the money supply, it can cause interest rates to rise and credit conditions to tighten. If there is no change in the demand for money, the effect of reducing the money supply is said to lead to higher interest rates. For its part, another effect is to decrease the volume of loans made.

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3 years ago

A 1000 par value 5-year bond with an annual coupon rate of 8.0% compounded semiannually was bought to yield 7.5% convertible sem

Rus_ich [418]

Answer:

(b) 2.08

Explanation:

Using caclulator and inputs as present:

n = 10

I/Y = 7.5/2

=3.75

pmt = 40

FV = 1000

CPT PV = $1020.53

Now we shall create an amortization schedule:

Period pmt Interest End balance Difference(Premium amortized)

1 $40.00 $38.27 $1,018.80 $1.73

2 $40.00 $38.21 $1,017.01 $1.79

3 $40.00 $38.14 $1,015.14 $1.86

4 $40.00 $38.07 $1,013.21 $1.93

5 $40.00 $38.00 $1,011.21 $2.00

6 $40.00 $37.92 $1,009.13 $2.08

Therefore, The amount of premium amortized in the 6th coupon payment is $2.08

7 0

4 years ago

An investor buys 400 shares of stock in a fund when the net asset value is $19.62 and the offer price is $19.84. The investor se

Shtirlitz [24]

D.9,340 I hope this helps hopefully I did the math right

3 0

3 years ago

Read 2 more answers

ABC firm purchased 100 food processors in 2019. By the end of 2019, there are 50 of them not sold yet. The purchased price of th

Mazyrski [523]

Answer:

Debit 1,000 cost of goods sold.

Explanation:

Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.

Dr Costs of goods sold $1,000

Cr Inventory $1,000

[($50*$120)-($50*$100)]

(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)

3 0

3 years ago