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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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e Securities and Exchange Commission was created by the government to protect investors and to maintain orderly and efficient ma
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Answer:

Correct option is (b)

Explanation:

Regulatory agencies are authoritative bodies established by the Government to establish, implement and supervise the standards to be followed to carry out certain activities or actions. Different fields or areas have respective regulatory agencies that oversee the activities of those establishments.

SEC or securities exchange commission is a regulatory agency established to supervise the securities market, thereby protecting investors from frauds and other malpractices.

4 0
3 years ago
Pinacle Corp. budgeted $700,000 of overhead cost for the current year. Actual overhead costs for the year were $650,000. Pinacle
tatuchka [14]

Answer:

Estimated manufacturing overhead rate= $7 per machine hour

Explanation:

Giving the following information:

Pinacle Corp. budgeted $700,000 of overhead costs for the current year.

Pinacle's plantwide allocation base, machine hours, was budgeted at 100,000 hours.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 700,000/100,000= $7 per machine hour

6 0
3 years ago
Buying office space is ______________ in the long run-in comparison to leasing. Which is the correct answer?
Vedmedyk [2.9K]

Answer:

less expansive

Explanation:

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5 0
2 years ago
The expression, "there's no such thing as a free lunch" implies that:
Stells [14]
The answer is D
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4 0
3 years ago
As noted in your text, global segmenting, targeting, and positioning are more complicated than domestic segmenting and positioni
expeople1 [14]

Answer:

These are the options for the question:

  1. Complications due to franchising issues.
  2. The taxes imposed by some foreign countries on marketing activities.
  3. Differences in the way consumers see themselves and in the way they see products and services.
  4. Currency differences.
  5. Anti-discrimination regulations prohibiting segmentation and targeting in developing countries.

And this is the correct answer:

  • Differences in the way consumers see themselves and in the way they see products and services.

Explanation:

The correct option is related to cultural differences. People from different countries see themselves and products and services in a distinct manner.

For example, people in Muslim countries do not eat pork because they would perceive themselves as sinners if they did so, since the Quran forbids the consumption of pork. A pork-producing company cannot enter this market, and would have to offer a different product.

Another, more nuanced example would be within the U.S. New Yorkers generally do not like pre-made, chain-based Pizza because New York has many family and gourmet pizzerias. Pizza chains should emphasize quality or convenience (or both) when marketing for the New York marketing.

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4 years ago
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