1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________. Qu
Viefleur [7K]

When consumers and businesses have greater confidence that they will be able to repay in the future, <u>the quantity demanded of financial capital at any given interest rate will shift to the right.</u>

6 0
3 years ago
What are companies doing to respond effectively to increasing segmentation of the marketplace? Following a traditional sales mod
N76 [4]

Answer: The answer is C. Using more narrowly targeted marketing messages.

Explanation: Market Segmentation is basically the act of dividing a large market into smaller groups, which can now easily be targeted and serviced.

In an increasingly segmented marketplace, the best option for companies it so make sure that they tailor their marketing messages to the segmented market chunk.

Basically, in order for companies to retain the loyalty of their market segment, or to get new customers, they have to make sure that their marketing messages are more narrowed and specific, in order to hold the attention of their target audience.

Using more narrowly targeted marketing messages will guarantee that the target market gets the message clearly and prompt them to patronize the company.

7 0
3 years ago
1. Explain the link between scarcity and each of the following.<br>i. Choice, (2 marks)​
vagabundo [1.1K]
Scarcity means that resources are limited and because resources are scarce people must make choices
8 0
3 years ago
The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What was t
Kisachek [45]

Answer:

3 percent

Explanation:

A real interest rate is an interest rate which doesn't have impact of inflation and depicts the real cost of funds to the borrower and the real yield to the lender or an investor.

Inflation = (126-120)/120 = 5%

Real Interest Rate = Nominal Interest Rate - Inflation

                               = 8% - 5%= 3%

7 0
3 years ago
A worker in which career pathway might need to memorize lines
Vladimir79 [104]
Entertainment; actors, singers, etc.
6 0
3 years ago
Other questions:
  • What advice does Lisa Marie Ford have for people interested in a career in marketing or business? (Site 1)
    9·2 answers
  • On January 1, Year 1, Li Company purchased an asset that cost $45,000. The asset had an expected useful life of five years and a
    13·1 answer
  • Vin diesel owns the fredonia barber shop. he employs 7 barbers and pays each a base rate of $1,380 per month. one of the barbers
    10·1 answer
  • Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to
    13·1 answer
  • In a single sentence, contrast microeconomics and macroeconomics. Next, categorize each of the following issues as a microeconom
    12·1 answer
  • Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month.
    7·1 answer
  • Given the general agreement that pollution is undesirable and social welfare is increased by reducing pollution, the optimal lev
    13·1 answer
  • Francis is a busy manager. She needs to quickly let her employees know about shift schedule changes for Wednesday afternoon, so
    5·1 answer
  • Rearden Metal has earnings per share of $2. It has 10 million shares outstanding and is trading at $20 per share. Rearden Metal
    15·1 answer
  • 4.2. Why do you think capital is important?​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!