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3 years ago

Which of the following statements about health insurance is false

Business

1 answer:

Novosadov [1.4K]3 years ago

6 0

Answer:

Option C

Explanation:

The reason is that the health insurance plan helps the insurer to limit the risk of paying one off payment to contribute for his or her health so it can help to shift this risk to another party (Health Insurance Company) by contributing a small amount of money.

Furthermore, the insurance planning also helps in accepting the level of risk to shift to the insurance company and retain the risk share to itself because the person might think he will not face such risks in future.

The paying for health insurance might be more expensive than the original expense because their are chances that the person doesn't gets ill because he follows proper diet plans, is health conscious and take exercise daily. So paying for health insurance becomes a burden. So the option C is incorrect.

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Individuals who are given hard or challenging goals perform better than those given easy goals - true or false

muminat

False.....................

6 0

2 years ago

Read 2 more answers

The Matthews want to split their refund between savings and checking accounts. How is this accomplished, if possible?

konstantin123 [22]

Answer:

By completing form 8888 from tax application

Explanation:

When applying for tax refund, you can transfer your amount into 2 or 3 separate accounts. If you want to split your refund then you need to complete form 8888 and attach it with tax return. This form tells IRS, in which accounts and how much you want to deposit through refund.

5 0

3 years ago

Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year: First quarter budgete

professor190 [17]

Answer:

1st quarter:

Sales budget= 26,400 units

Explanation:

Giving the following information:

First-quarter budgeted jump rope sales in units 23,000

Second-quarter budgeted jump rope sales in units 70,000

Inventory at the beginning of the year was 3,600 jump ropes.

Totz Company wants to have 10% of the next quarter's sales in units on hand at the end of each quarter.

To determine the production budget, we need to take into account the beginning inventory, the sales for the quarter and the ending inventory.

Sales budget= sales for the quarter + ending inventory - beginning inventory

1st quarter:

Sales budget= 23,000 + (70,000*0.10) - 3,600= 26,400 units

3 0

3 years ago

Teresa has a contract to teach eighth grade at Washington Middle School. She decided she could make more money writing a book, s

kari74 [83]

Answer:

The duties under the teaching contract cannot be delegated

Explanation:

The person wit whom the school has a binding agreement was Teresa and contract of services cannot be delegated unilaterally by Teresa to her friend Shirley without consulting the school authority.

The appropriate procedure would be for Teresa to discuss with the school her plans to let Teresa to cover up for her absence,however, if the school accepts the new arrangement , Teresa would need to be relieved of her duties as this would be a permanent substitution.

8 0

2 years ago

Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direc

astraxan [27]

Answer:

Under allocation= 1,000 underallocated

Explanation:

Giving the following information:

Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $ 38,000 Actual direct labor-hours worked 18,500

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2*18,500= $37,000

Real overhead= 38,000

Over/under allocation= real MOH - allocated MOH

Under allocation= 38,000 - 37,000= 1,000 underallocated

5 0

3 years ago