Answer:
The probability that the project will finish in 16 months is 0.7.
Explanation:
From the data the mean time is given as 
The variance is given as 
So the standard deviation is 
Now the X is given as 16 so
Calculating the z score as
So for the z score of 0.5 the probability is given in Excel as
=NORMSDIST(0.5)
=0.69 ≈0.7
So the probability that the project will finish in 16 months is 0.7.
Answer:
$584,000
Explanation:
Calculation to determine what must their amount of sales be
Using this formula
Amount of Sales = (Fixed costs + Target profit) / Contribution margin percentage
Let plug in the formula
Amount of Sales = [42,400+(40,000+63,600) / (106000/424000)
Amount of Sales =(42,400+103,600) / (106,000/424,000)
Amount of Sales=146,000/0.25
Amount of Sales = $584,000
Therefore what The amount of sales will be Cover-to-Cover Company is $584,000
Answer:
It is an advance of the face amount of the policy
Explanation:
The life insurance policy with an added long-term care rider is a policy that suits people who prefers lifetime care benefits. This policy provides an amount (benefit) of the death benefit to pay for some long-term care expenses covered in the policy at any point in time the policyholder requires care. It is important to note that this benefit is simply an advance of the policy's face amount.
