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4 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]4 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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Answer the question on the basis of the following information for a private closed economy. Assume that for the entire business

Lady_Fox [76]

Answer:

$30

Explanation:

total investments in the economy are:

$0 that yield an expected rate of return of 25% or more
$15 that yield an expected rate of return of 20 - 25%
$15 that yield an expected rate of return of 15 - 20%
$15 that yield an expected rate of return of 10 - 15%
$15 that yield an expected rate of return of 5 - 10%
$15 that yield an expected rate of return of 0 - 5%

If the real interest rate is 15%, then only projects that will yield 15% or more will be carried out and those are worth $15 (yield expected rate of return of 20-25%) + $15 (yield expected rate of return of 15-20%) = $30

4 0

4 years ago

On January 1, 2020, Sunland Corporation sold a building that cost $251,060 and that had accumulated depreciation of $109,510 on

ra1l [238]

Answer:

$44,592

Explanation:

The book value of a building = Cost Price - Accumulated Depreciation

= $(251,060 - 109,510)

= $141,550

The present value of the non-interest-bearing note due on January 1, 2023 (or Discounted Cash Flow) =

FV/(1+i)^t

= $241,060/(1+0.09)^3

= $241,060/1.29503

= $186,142

Gain on Sale of the building = $(186,142 - 141,550) = $44,592

7 0

3 years ago

The restaurant industry employed _____ people in the United States in 2010.

Naddik [55]

Answer:

The restaurant industry employed 12.9 people

Hope this helps

Thanks!

Explanation:

5 0

3 years ago

Read 2 more answers

A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Gro

andre [41]

Answer:

False

Explanation:

Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.

It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services. It also generally improves organizational performance and increases profit.

Six sigma does NOT focus on customers feedback to reduce variation and waste.

3 0

4 years ago

Robert and rosie both invested $7,500 four years ago. they both earned a 15% return, however robert earned a simple return of 15

timurjin [86]

The difference between simple and compound interest is significant because the interest is higher when using compounding. Robert's investment amounted to $12,000 after 4 years while Rosie's investment after 4 years totaled to $13,117.55 with a difference of $1,117.55.

Thus, Rosie will have $1,117.55 more than Robert.

8 0

4 years ago