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Katarina [22]
3 years ago
9

Nathanial Drummond has three different insurance policies. He has been injured in an accident and has incurred $30,000 in medica

l bills. There is a clause in all of his insurance contracts the makes sure that he receives no more than $30,000 in payments from his insurance companies. This clause is called:
A. deductible.

B. coinsurance.

C. coordination of benefits.

D. major medical expense insurance.
Its not C
Business
2 answers:
marysya [2.9K]3 years ago
6 0

<span>The answer is D. Major medical insurance.</span>

This usually covers all healthcare including prescription medicine and out-patient costs and even other services like physical therapy and mental health. Unlike basic health care, this kind of insurance sets a limit on your medical expenses, even if you have very costly treatment.

Llana [10]3 years ago
6 0

<em>C. Coordination of Benefits </em>

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You expect to receive year-end bonuses of $8,000 at the end of this year, $16,000 at the end of year 4, $20,000 at the end of ye
yulyashka [42]

Answer:

Total PV= $46,728.79

Explanation:

Giving the following information:

Cash flow:

Cf1= $8,000

Cf4= $16,000

Cf8= $20,000

Cf10= $25,000

Discount rate= 6%

To calculate the present value, we need to use the following formula on each cash flow:

PV= FV/(1+i)^n

Cf1= 8,000/(1.06^1)= 7,547.17

Cf4= 16,000/(1.06^4)= 12,673.50

Cf8= 20,000/(1.06^8)= 12,548.25

Cf10= 25,000/(1.06^10)= 13,959.87

Total PV= $46,728.79

7 0
3 years ago
Marcel supervises a group of paralegals serving the firm's lawyers. He gets along well with his employees, and he has created de
svet-max [94.6K]

Answer:

Task-oriented

Explanation:

Task-oriented leaders focus on getting necessary tasks done to accomplish  set objectives. These leaders are concerned with finding step-by-step solutions needed to meet set goals. The leaders will often define the roles required, put structures in place, organise necessary resources, and monitor progress towards accomplishing tasks within the team.

8 0
3 years ago
The following table shows a tool and die company's quarterly sales for the current year. What are sales for the first quarter of
bagirrra123 [75]

Answer:

Quarter 1, Sales 88. seasonal relatives 1.1

Deseasonalized = 88 / 1.1 = 80

Quarter 2, Sales 99. seasonal relatives 0.99

Deseasonalized = 99 / 0.99 = 100

Trend = 80+(100-80) = 100

Reseasonalized  = 100*0.99 = 99

Quarter 3, Sales 108, seasonal relatives 0.9

Deseasonalized = 108 / 0.9 = 120

Trend = 1000+ (120-100) = 120

Reseasonalized  = 1120*0.9 = 108

Quarter 4, Sales 141.4, seasonal relatives 1.01

Deseasonalized = 141.1 / 1.01 = 140

Trend = 120+ (140-120) = 140

Reseasonalized  = 140*1.01 = 141.4

Now to get the Naive trend forecast for the next year first quarter, we say

140 + (140 - 120) = 160

Also to get the Re-seasonalized forecast for the next year first quarter, we say

160*1.1 = 176

6 0
3 years ago
At December 31, 2017 Raymond Corporation reported a deferred tax liability of $240,000 which was attributable to a taxable tempo
Oduvanchick [21]

Answer:

D) Income Tax Expense for $80,000.

Explanation:

The computation is shown below:

Since the corporate tax rate is increased from 30% to 40% and the taxable temporary difference is of $800,000 so the change would be

= $800,0000 × difference in tax rate

= $800,000 × 10%

= $80,000

This amount i.e $80,000 would be debited and shown as an income tax expense

Moreover, the deferred tax liability is ignored

3 0
3 years ago
40. The Battaglia Co. produces lounge chairs. At a budgeted amount of 10,000 lounge chairs the manufacturing overhead is $50,000
bija089 [108]

Answer:

C. $4,500 favorable

Explanation:

Spending Variance is the difference between the actual and estimated value of the expense. In this question we need to calculate the variance of total manufacturing overhead.

Variable

Actual Variable cost = $60,500

Manufacturing overhead application rate = Budgeted overhead / Budgeted units = $50,000 / 10,000 units = $5 per unit

Applied Overhead = Actual production x application rate = 11,000 units x $5 = $55,000

Variance = $60,500 - $55,000 = $5,500 unfavorable

Fixed

Actual fixed overhead = $125,000

Budgeted Fixed overhead = $135,000

Variance = $135,000 - $125,000 = $10,000 Favorable

Total Variance = Variance of variable manufacturing overhead cost + Variance of fixed manufacturing overhead cost

Total Variance = $10,000 Favorable - $5,500 unfavorable

Total Variance = $4,500 Favorable

4 0
3 years ago
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