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lozanna [386]
3 years ago
6

What is your interpretation of the relationship between auto insurance premiums in Michigan and the national average?

Business
1 answer:
Arada [10]3 years ago
3 0

Answer:

Interpretation between the auto insurance preniums in Michigan and the National average is that In 2017, the average cost of a personal injury protection claim in Michigan was more than six times the national average. Costs are increasing nearly twice as fast, according to the Insurance Research Council.

Explanation:

The rates of auto insurance Premiums in Michigan are most expensive in America. This is due to Michigan's non-fault insurance system, which provides crash victims unlimited lifetime coverage of medical bills.

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Red Blossom Corporation transferred its 40 percent interest to Tea Company as part of a complete liquidation of the company. In
kogti [31]

Answer:

The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.

Explanation:

Red Blossom recognize the gain

= Fair market value of land – corporation basis

= $635000 - $312500

= $322500

Basis of Land = Fair market value  

                       = $635000

$322500 gain recognized and a basis in the land of $635000

Therefore, The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.

8 0
3 years ago
If the economy booms, RTF, Inc., stock is expected to return 13 percent. If the economy goes into a recessionary period, then RT
Furkat [3]

Answer: 0.000903

Explanation:

Expected return is the sum of the probability that the other returns will happen.

= (13% * 83%) + (5% * 17%)

= 10.79 % + 0.85%

= 11.64%

Variance = ((Return during boom - Expected return)²*probability of boom) + ((Return during recession - Expected Return)²*probability of recession)

Variance = ((13% -11.64%)² * 83%) + (5% - 11.64%)² * 17%)

= 0.0001535168 + 0.0007495232

= 0.000903

6 0
3 years ago
When a group of employees have the ability to perform, but feel like their performance doesn't matter much to the success of the
Fofino [41]

Answer:

Empowering management style        

Explanation:

In simple words, Empowerment relates to the  idea in managing that if workers are provided knowledge, support and opportunities while at the identical moment being kept accountable for certain job performance, so they should be more efficient and have greater job fulfillment.

Empowerment is focused on the idea that it represents the willingness of workers to take over more responsibilities. Transformation managers are creating a community that appears motivated and self-directed

4 0
3 years ago
The quantity of money is ​$5 ​trillion, real GDP is ​$10 ​trillion, the price level is 0.9​, the real interest rate is 3 percent
andreyandreev [35.5K]

Answer:

(a) 2

(b) $10 trillion

(c) $0.4 trillion

Explanation:

Given that,

Quantity of money = ​$5 ​trillion

Real GDP = ​$10 ​trillion

Price level = 0.9​

Real interest rate = 3 percent

Nominal interest rate = 7 percent

Nominal interest rate = Real interest rate + Inflation rate

7% = 3% + Inflation rate

4% = Inflation rate

Velocity of​ circulation:

= GDP ÷ Total money supply

= ($10 × 1) ÷ $5

= 2

M × V = $5 ​trillion × 2

          = $10 trillion

Nominal GDP = Real GDP × Inflation

                       = ​$10 ​trillion × 4%

                       = $0.4 trillion

4 0
3 years ago
So if the answer is $5,505,210. 50, you would input 5,505,210. what is forecast revenue in 2017?
AURORKA [14]

Forecast revenue in 2017 is 13,642,021.

<h3>Why do we forecast revenue?</h3>

Revenue forecasting is an important part of any business plan, because it can help strategize how much and how quickly you intend on growing your company.

That said, it is also the most difficult to estimate. This is counter to things like costs and funding, which are far more under your own control.

<h3>What Is Forecasting? </h3>

Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends.

Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time.

Learn more about revenue forecast here:

<h3>brainly.com/question/23009258</h3><h3 /><h3>#SPJ4</h3>

8 0
2 years ago
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