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NARA [144]
3 years ago
7

A 65-year-old woman takes out a $10,000 term life insurance policy. The company charges an annual premium of $500. Estimate the

company’s expected profit on such policies if mortality tables indicate that only 2.6% of women age 65 die within a year.
Business
1 answer:
Elenna [48]3 years ago
8 0

Answer:

$240

Explanation:

Given:

Policy Amount = $10,000

Annual premium = $500

Average mortality table rate(65 year women die in a year) = 2.6%

Note:

Policy amount noted as payment for company.

Expected Profit on Policy = Annual Premium Amount - ( Policy amount x Average mortality table rate)

= $500 - ($10,000 x 2.6%)

= $500 - $260

= $240

Companies expected Profit is $240.

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natka813 [3]

Answer:

Total cost= $60,800

Explanation:

Giving the following information:

For 4,000 units:

Unitary variable cost= $8

Unitary fixed cost= $5

<u>First, we need to calculate the total fixed cost:</u>

Total fixed cost= 5*4,000= $20,000

<u>Now, we can determine the total cost for 5,100 units:</u>

Total cost= 5,100*8 + 20,000

Total cost= $60,800

6 0
3 years ago
Which economist most supported the idea that poor workers would
Alla [95]
Thomas Robert Malthus is the economist who supported it the most
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The _____ of the United States is the Federal Reserve.
SpyIntel [72]
The answer would be A. central bank
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3 years ago
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Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $70,000 in August. Planet typically pay
trapecia [35]

Answer:

57,000

Explanation:

Planet company purchases goods worth $50,000July and also expect to purchase goods worth $70,000 in August

They pay 35% of tbs purchase in the month and 75% in the following month

Therefore the total expected cash disbursement can be calculated as follows

= (70,000×35/100)+(50,000+65/100)

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= 24,500+32,500

= 57,000

6 0
3 years ago
Sandra is hired by a sparkling water manufacturer. Her primary function at the company is transforming resources into goods and
marshall27 [118]

Sandra is involved in production.

Production can be described as the process of transforming or converting resources into goods and services.

In any organization, the depart that is in charge of production is the production or operation department.

Therefore, Sandra is involved in production.

The reason is that the transformation of resources into goods and services is her key job role at the company.

Learn more here: brainly.com/question/1462114.

4 0
2 years ago
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