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Ipatiy [6.2K]
3 years ago
11

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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As a vice president of a financial services company, you serve many clients, and they sometimes ask your company to contribute t
IrinaVladis [17]

As a vice president of a financial services company, you serve many clients, and they sometimes ask your company to contribute to their favorite charities. You recently received a letter from Elliana Larios asking for a substantial contribution to the National Court Appointed Special Advocate (CASA) Association. On visits to your office, she has told you about its programs to recruit, train, and support volunteers in their work with abused children. She herself is active in your town as a CASA volunteer, helping neglected children find safe, permanent homes. She told you that children with CASA volunteers are more likely to be adopted and are less likely to reenter the child welfare system.

You have a soft spot in your heart for children and especially for those who are mistreated. You sincerely want to support CASA and its good work. But times are tough, and you can't be as generous as you have been in the past. Ms. Larios wrote a special letter to you asking you to become a Key contributor, with a pledge of $2,000

Your Task Write a refusal letter that maintains good relations with your client. Address it to Ms. Elliana Larios, 8569 East 39th Street, Phoenix, AZ 85730.

8 0
2 years ago
If a small company invests its annual profits of $150,000 in a stock fund which earns 18% per year, the amount in the fund after
kenny6666 [7]

Answer:

the amount in the fund after 10 years will be $785,075.04

Explanation:

The computation of the amount after 10 years is shown below"

As we know that

Future value  = Present value × (1 + rate of interest)^number of years

= $150,000 × (1 + 0.18)10

= $785,075.04

Hence, the amount in the fund after 10 years will be $785,075.04

5 0
3 years ago
Compute conversion costs given the following data: direct materials, $361,300; direct labor, $195,300; factory overhead, $216,70
Radda [10]

Answer:

a. $412,000

Explanation:

Conversion cost is the combination of direct labor and manufacturing overhead which directly or indirectly are necessary to produce a product other than the direct raw materials.

We know,

<em>Conversion costs = Direct Labor + Manufacturing Overhead</em>

Here,

Manufacturing overhead = Indirect material + Indirect Labor + Indirect overhead (including variable and fixed overhead)

Given,

Direct labor = $195,300

Manufacturing overhead = Factory overhead = $216,700

Selling expenses will not be included because it is not a direct or indirect overhead expense.

Therefore,

<em>Conversion costs = </em>$195,300 + $216,700

<em>Conversion costs = </em>$412,000

8 0
3 years ago
Financial statements of a manufacturing firm The following events took place for Rushmore Biking Inc, during February, the first
pentagon [3]

Answer and Explanation:

The Preparation of income statement is prepared below:-

<u>Rushmore Biking Inc. </u>

<u>Income statement </u>

<u>For the month ended February 28 </u>

<u>Particulars                                                 Amount</u>

Revenues                                               $7,30,300

Less: Cost of goods sold                      $4,41,400

Gross profit                                            $2,88,900

Selling and administrative expenses:  

Selling expenses                    $1,48,500

Administrative expenses       $72,200  

Less: Total Selling and administrative

expenses                                                    $2,20,700

<u>Income from operations                             $68,200</u>

3 0
3 years ago
Following are the January transactions:
Anarel [89]

Answer:

The journal entries to record the transactions are given below.

Received a $665 deposit from a customer who wanted her piano rebuilt in February.

Debit Cash Asset                             $ 665

Credit Advances from customers   $ 665

Rented a part of the building to a bicycle repair shop; $685 rent received for January.

Debit Cash Asset          $ 685

Credit Rental income    $ 685

Delivered five rebuilt pianos to customers who paid $18,675 in cash.

Debit Cash Asset      $ 18,675

Credit Sales income  $ 18,675

Delivered two rebuilt pianos to customers for $9,600 charged on account.

Debit Account Receivable Asset   $ 9,600

Credit Sales Income                        $ 9,600                        

Received $8,000 from customers as payment on their accounts.

Debit Cash Asset                 $ 8000

Credit Receivable Asset      $ 8000

Received an electric and gas utility bill for $395 for January services to be paid in February.

Debit Utility Expense       $ 395

Credit Payable Liability    $ 395

Ordered $1,255 in supplies.

No entry required

Paid $2,600 on account in January.

Debit Payable Liability   $ 2,600

Credit Cash Asset          $ 2,600

Paid $12,200 in wages to employees in January for work done this month.

Debit Wage expense  $ 12,200

Credit Cash Asset        $ 12,200  

Received and paid cash for the supplies in (g).

Debit Cash Asset     $ 1,255

Credit Sales income $ 1,255

7 0
3 years ago
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