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pishuonlain [190]
3 years ago
8

A man wishes to purchase a life insurance policy that will pay the beneficiary $25,000 in the event that the man's death occurs

during the next year. Using life insurance tables, he determines that the probability that he will live another year is 0.94. What is the minimum amount that he can expect to pay for his premium? Hint: The minimum premium occurs when the insurance company's expected profit is zero.
Business
1 answer:
Citrus2011 [14]3 years ago
7 0

Answer:

$1,500

Explanation:

Given that,

A man wishes to purchase a life insurance policy that will pay the beneficiary $25,000 if the man's death occurs in the next year.

The probability that the company pays nothing is 0.94 and there is 0.06 probability that the company pays $25,000.

So, on an average expected loss is as follows:

= 0.94 × $0 + 0.06 × $25,000

= $1,500

Hence, the minimum amount that he can expect to pay for his premium is $1,500.

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What are two resources that may be useful in disassembling a laptop computer?
PilotLPTM [1.2K]

The user manual and the service manual are two resources that are useful in terms of disassembling the laptop computer. It is because the service manual and the user manual were able to provide instructions and specifications for repairing or being able to maintain the laptop and the way of providing a manual in having to assist a person in technical issues and use.

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7 0
3 years ago
McKendrick Shoe Store has a beginning inventory of $45,000. During the period, purchases were $195,000; purchase returns, $6,000
NikAS [45]

Answer:

d. $249,000

Explanation:

cost of goods available for sale

= $45,000 + $195,000 - $6,000 + $15,000

= $249000

Therefore, The cost of goods available for sale was $249000.

6 0
3 years ago
An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now work
Licemer1 [7]

This individual has experienced structural mobility

Structural mobility:

It happens when societal changes enable a whole group of people to move up or down the social class ladder. Structural mobility is attributable to changes in society as a whole, not individual changes.

In the first half of the twentieth century, industrialization expanded the U.S. economy, raising the standard of living and leading to upward structural mobility. In today’s work economy, the recent recession and the outsourcing of jobs overseas have contributed to high unemployment rates. Many people have experienced economic setbacks, creating a wave of downward structural mobility.

When analyzing the trends and movements in social mobility, sociologists consider all modes of mobility. Scholars recognize that mobility is not as common or easy to achieve as many people think. In fact, some consider social mobility a myth.

What is structural social mobility ?

The concept of structural social mobility refers to change in the social position of many people due to changes in society itself.

Learn more social mobility :

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4 0
2 years ago
Identify the main source areas and explain two key push factors associated with the early twentieth-century peaks. Discuss how c
VikaD [51]

Explanation:

Southern and Eastern Europe became the major spring regions. Some of the big driving forces is the World War I, primarily in Europe, which enabled immigrants to join the United States. The economic conditions were another significant consideration as the prospects for jobs in the war declined.

As reported, when migrants went to the USA, there were many possibilities for jobs. The American automotive industry celebrated of the first World War. War-time goods have been pursued, and America has become one of Britain's major food producers, and has provided refugees a wide range of jobs.

3 0
3 years ago
Last month a company had net sales revenues of $10,000; Cost of goods sold of $4,000; other operating expenses of $3,000; non-op
Pie

Answer:

The correct answer is B. 6.000

Explanation:

Gross profit only includes Sales Revenues and cost of goods sold. So you have to ignore all others. In this case the solution is given for  Sales Revenues 10.000 -  cost of goods sold 4.000 = Gross profit 6.000. Hope it helps

6 0
3 years ago
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