Answer: a. $0
b. $7,760
c. $1,440
d. $1,200
Explanation:
a. The family have a $500 a year deductible so the $200 will go out from there.
The insurer will therefore pay $0.
b. The remaining Deductible of $300 ( 500 - 300) will be applied to this.
There is also the 80% Coinsurance clause which means the insurer will pay for 80% of the losses. In total the Insurance company will pay,
= (10,000 - $300) * 80%
= 9,700 * 80%
= $7,760
c. The Deductible has been used up so the Insurance company pays 80% of the loss.
= 80% * 1,500
= $1,200
However, the Stop-loss provision of $2,500 kicks in. This is the maximum amount that the family is to pay for any losses during the year.
So far on January 1 2013 and July 1 2013 they have paid,
= 200 + (10,000 - 7,760)
= $2,440
The maximum left till the family pays the maximum is,
= 2,500 - 2,440
= $60
The family will therefore pay only $60 meaning that the insurer will cover,
= 1,500 - 60
= $1,440
d. This is a new year so the Deductible resets back to $500.
Insurer will therefore pay,
= (2,000 - 500) * 80%
= 1,500 * 80%
= $1,200
Answer: Seasonal unemployment.
Explanation:
Seasonal unemployment refers to a situation that occurs because of the certain conditions and these conditions are temporary in nature or recurrent. Most of the industries experience a fluctuations in the demand for a product that is based on the conditions.
For instance, suppose a firm produces woolen clothes. We know that the demand for woolen clothes only increases in the winter season. But, once the winter season get over then the demand for woolen clothes decreases as a result unemployment increases. This is a situation of seasonal unemployment.
In our case, Anna lose her job during the summer or winter which indicates that Anna is suffering from seasonal unemployment.
Answer:
The option (A) $189, 910.29 is correct
Explanation:
Solution
Given that
Years Net Cash flow Discount Factor at 11% Present Value
1 $ (10,000.00) 0.901 $(9,009.01)
2 $ 35,000.00 0.812 $ 28,406.79
3 $ 35,000.00 0.731 $ 25,591.70
4 $ 220,000.00 0.65 $ 144,920.81
Now,
The Net Present Value $189,910.29
Thus
After carrying out the financial analysis, it has been seen that if we go ahead to buy the Investment Property, then today we have Net present Value of $ 189,910.29.
So, i will inform my client to buy the Investment Property.
<span>Yes, arbitrators generally don't have to offer reasons for their decisions, although some people argue against that. Unlike arbitrators, judges in court are required legally to give reasons for their decisions. Arbitrators often based their decisions on compromise.</span>
