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babymother [125]
3 years ago
8

XYZ Insurance Company uses class rating to determine the rate to charge for insurance. For one type of insurance, the pure premi

um XYZ actuaries calculated is $75 per unit. If XYZ's expense ratio is 25 percent, what is the gross rate for this coverage?
Business
1 answer:
hichkok12 [17]3 years ago
6 0

Answer:

$100

Explanation:

Insurance coverage is the sum of expenses paid and the premium paid on these expenses.Total coverage is the calculated by adding the premium and expense. In this question premium is the $75 and the expense ratio is 25%.

As we know

Coverage = Premium + Expense

Coverage = 75% + 25%

So, based on above equation we can calculated the expense as follow

Expense = $75 x 25% / 75% = $25

Coverage = $75 + $25 = $1,00

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7 0
1 year ago
Kim is on a crew that sets up the equipment for a very popular musician. Before the concerts, she sets up lights, microphones, s
andrew11 [14]

Answer:

✔ Audio and Video Equipment Technician

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Explanation:

5 0
3 years ago
Read 2 more answers
A business function, like accounting and human resources, which moves information about people, products, and processes across t
Whitepunk [10]

Answer:

The correct answer is "management information systems"

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8 0
3 years ago
Indicate whether the scenarios would result in an increase, a decrease, or no change in the long-run aggregate supply (LRAS) cur
baherus [9]

Answer:

The mandatory retirement age is abolished.

  • This will result in an <em>Increase in the long-run aggregate supply</em> (LRAS) curve because it means that companies in the economy now have a larger workforce to choose from. This will reduce the cost of labor and lead to more goods being supplied.

The economy's main export is candy.  Candy from this country increases in popularity around the world.

  • <em>No effect on long-run aggregate supply </em>(LRAS) curve because this deals with demand.

Since candy has become an international sensation, factories double the number of candy-making machines.

  • Factories are now producing more candy due to having more candy-making machines. This will result in an <em>Increase in the long-run aggregate supply (LRAS) curve. </em>

The top candy companies choose to relocate their means of production to other countries around the world.

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8 0
3 years ago
Married taxpayers Otto and Ruth are both self-employed and file a joint return. Otto earns $435,200 of self-employment income an
Alina [70]

Answer: $1,458.90

Explanation:

As they are filing together, the first step would be to find out the taxable income after accounting for Ruth's loss.

Total taxable income = Otto's earnings - Ruth's loss

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There is an additional 0.9% Medicare tax on the amount that people file that is above $250,000 when they file jointly and are married..

The additional Medicare will be:

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= $1,458.90

4 0
2 years ago
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