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elena-s [515]
2 years ago
13

How does a deductible affect insurance?

Business
1 answer:
Alex73 [517]2 years ago
6 0

The deductible is the amount a person must pay before their insurance will start to pay. For instance, say you have a $1,000 deductible on your car and you have a wreck that causes $3,000 worth of damage. the driver would have to pay the $1,000 first and then the insurance will help cover the other $2,000 at the rate the policy stipulates.

As for pricing, the insurance policies with higher deductibles (meaning the subscriber pays more for losses), the insurance premium would be cheaper than those policies with a smaller deductible.

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North Division has the following information:
VLD [36.1K]

Answer:

due to elimination

income will decrease by $526000

Explanation:

Given data

Sales =  $1180000  

Variable expenses = $654000  

Fixed expenses =  $620000

to find out

incremental effect on net income

solution

we know here total sale is $1180000 and Variable expenses is  $654000

so contribution  if the division is dropped is sales - Variable expenses

put these value

contribution = 1180000 - 654000

contribution = 526000

so we say that due to elimination

income will decrease by $526000

5 0
3 years ago
I need help with this problem.
jeyben [28]
     its not a problem up there i don't see one nor the upload

 
8 0
3 years ago
What is the difference between the marginal product of labor and the marginal revenue product of labor for a firm in a perfectly
Alik [6]

Answer:

The marginal revenue product of labor is equal to the marginal product of labor multiplied by the product price. The formula is:

  • MRP = MPL x P

The marginal product of labor is the additional output that can be achieved by adding an additional unit of labor. The marginal revenue product of labor measures the same thing but in money, not units.

4 0
3 years ago
Pine Street Inc. makes unfinished bookcases that it sells for $58.09. Production costs are $37.97 variable and $10.12 fixed. Bec
ololo11 [35]

Answer:

Pine Street should sell finished bookcases.

Explanation:

                                  Differential analysis

                                 Sell unfinished  Process further  Net income

                                                                                        Increase (decrease)

Sale price per unit        58.09                    73.08                  14.99

<u>Cost per unit</u>

Variable                         37.97                     44.61                  -6.64

Fixed                              10.12                      10.12                      0

Total                              48.09                     54.73                  8.35

Net income per unit      10                         18.35                  8.35

So, the book cases should be sold after processed further.

7 0
2 years ago
What evidence do you see in this case of the three kinds of corporate philanthropy discussed in this chapter: contributions of c
vodomira [7]

Answer:

Find the explanation below.

Explanation:

Philanthropy is the act of giving of material resources to promote a noble cause. From the heading "Salesforce's 1+1+1 Integrated Philosophy", we learn about a Company named Salesforce who allocated a percentage of its profit to charitable causes.  

1. Evidence of contributions of cash can be seen in its donation of up to $200 million to charitable courses.

2. Contributions in-kind products or services can be seen in the event where the staff of the company rebuilt the website of the Redcross society during Hurricane Harvey in 2017.

3. Contribution through employee time is seen from the fact that the company gives its employees 7 days paid leave to volunteer in schools where they teach children website development.

6 0
3 years ago
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