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3 years ago

A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as a(an):

Business

1 answer:

Tom [10]3 years ago

4 0

Answer:

A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as Lifetime Limit Policy.

Explanation:

This policy is also know as Lifetime Maximum Benefit or Maximum Lifetime Benefit Policy where an insured individual will get paid the maximum amount of any health plan during his entire lifetime.

This policy has proved much beneficial for the people because they get a sign of relief without any kind of worry, if their medical treatment exceeds their allocated or allowed limit.

These policies particularly are limited only to the essential medical services, but here it needs to be defined what does this essential services means. Because the services considered as essential by one person might not be of the same importance for another person.

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if the company chooses the lease option, it will have to pay an immediate deposit of 25000 to cover any future damages to the eq

Likurg_2 [28]

Answer:

The answer is "68,788".

Explanation:

Net cash flow present value = immediate deposit + Annual lease payment present value

$= 25000+(18000\times 2.991)-25000\times 0.402$

Net cash flow present value $= 78838-10050 = 68788$

8 0

3 years ago

Bakers are much ___________ likely to supply pastries to the market if property rights are not enforced. In the presence of mark

Gwar [14]

Answer: more; externality; market power.

Explanation:

Bakers are much (more) likely to supply pastries to the market if property rights are not enforced.

a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream. - Externality

Externality, refers to the benefit s or costs that someone else incurs based on the economic decision of another person. In this case, this is a negative externality as the small town bears the cost of the production activities of the company.

b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity - Market power

Market power is when a firm is able to dictate the price and can then raise the price. This brings about the reduction in output as well. Since the single public utilities company is responsible for supplying electricity for an entire state, the company is enjoying monopoly power or market power.

8 0

3 years ago

whiche one of the following are not elements of an insurable risk a) determinable probability distribution b) calculate chance o

ankoles [38]

Answer:

okay

Explanation:

okayndhdjsoakcgheioazncndjjaak

5 0

3 years ago

Read 2 more answers

Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 25,000 shares authorized, 12,0

Sergio [31]

25,000 shares authorized
12,000 shares issued
10,000 shares of common stock outstanding
0.50 per share cash dividend on its common stock outstanding

Declaration of dividends on its common shares.
10,000 * 0.50 = 5,000
Debit Credit
Retained Earnings 5,000
Dividends Payable 5,000

3 0

3 years ago

Sheffield Corp. had 205000 shares of common stock, 20300 shares of convertible preferred stock, and $1580000 of 4% convertible b

Ahat [919]

Answer:

Diluted earnings per share for 2021 is: <u>$2.19 per share</u>.

Explanation:

Amount of increase in net income if bonds are converted = Total value of convertible bonds * Bond rate * (100% - Tax rate) = $1580000 * 4% * (100% - 35%) = $41,080

Total earnings available to Equity Shareholders = Net income + Amount of increase in net income if bonds are converted = $599000 + $41,080 = $640,080

Number of shares of common stock = 205,000

Number of common shares obtainable from preferred stock = 39,800

Number of common shares obtainable from convertible bonds = (Total value of convertible bonds / $1,000) * 30 = ($1580000 / $1,000) * 30 = 47,400

Total number of shares outstanding = Number of shares of common stock + Number of common shares obtainable from preferred stock + Number of common shares obtainable from convertible bonds = 205,000 + 39,800 + 47,400 = 292,200

Diluted earnings per share = Total earnings available to Equity Shareholders / Total number of shares outstanding = $640,080 / 292,200 = $2.19 per share

Therefore, we have:

Diluted earnings per share for 2021 is: <u>$2.19 per share</u>.

6 0

2 years ago