Answer:
$301,000
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as
Assets = Liabilities + Equity
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
Hence,
$310,000 = Equity + $250,000
Equity = $310,000 - $250,000
= $60,000
The net income is the difference between the total sales and total expenses
= $626,000 - $325,000
= $301,000
The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy<em> insurance.</em>
Read related link on:
brainly.com/question/25405387
Answer:
Explanation:
After a careful consideration, the memo is good enough but need some of initial mistakes to be corrected, while revising the Memo I identify three things that shouldn't be improve. See below:
● The main reason for writing the memo.
● The audience for the memo.
● The objective tone.
Hope this helps you out. Looking forward for the good one.
to have food in case imports are cut off. ... What is one reason European government protect the growing of food with subsides even though food would be cheaper? ... What to do if your finches build a nest in the food dish even though they already made one ... What are some reasons that healthy food should be cheaper? -A
Answer:
No
Explanation:
It is very unlikely they the case is dropped for insufficient process as the scenario does not describe any defect in the documentation and writings contained in the document. The issue with the process is likely in the manner in which the document was served. This is because, the document was served to an elderly next door neighbor which in a way can allow the homeowner to file for insufficient service of process. Therefore, the homeowner will most likely fail in it's quest to have the case dropped for insufficient process based on the argument presented above.
