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Svet_ta [14]
3 years ago
12

Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four sh

ould have, based on the current age of the head of the household. The equation is:
y = 165 – .1x

where

y = Insurance needed ($000)
x = Current age of head of household


b.Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 41 years old. (Round your answer to 1 decimal place. Omit the "$" sign in your response.)
Business
1 answer:
jolli1 [7]3 years ago
7 0

Answer:

y=160.9

Explanation:

<u>Linear Modeling</u>

Models are an important part of the study of a variety of natural phenomena in a great number of fields like science, health, business, human behavior, economics, among many others.

Once a model is determined, it can be used to estimate future values of important variables which in turn can help people to make decisions.

It has been determined a model that relates the amount of term life insurance a family of four should have with the current age of the head of the household. That model is

y=165-0.1x

we are required to estimate the amount of term life insurance to recommend to a family of four when the head of the household is x=41 years old. Let's plug in the given value in the equation

y=165-0.1\cdot 41=165-4.1=160.9

\boxed{y=160.9}

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What information appears on a designer worksheet? A. designer portfolio, previous work, and sample designs B. details of the com
s2008m [1.1K]

Answer:

The correct answer is A

Explanation:

Designer worksheet is the one such document which states the work or the potential in the designer or the person. It is that document which contains or comprise of the portfolio of the designer, having or shown the previous work which is done by the designer or the person in his or her last company and the few or some of the sample designs which provide an idea to other person regarding the potential or taste of the designer.

7 0
3 years ago
In a new margin account, a customer sells short $60,000 worth of ABC stock and deposits $30,000 to meet the Regulation T require
Sidana [21]

The SMA balance in the account would be 7500.

<h3>What is Special Memorandum Account (SMA)?</h3>

The excess margin from a client's margin account is put into a special memorandum account (SMA), which is a dedicated investment account, improving the client's purchasing power. The SMA, which is often referred to as a "special miscellaneous account," functions effectively as a line of credit.

It's important to distinguish between separately managed accounts, often known as SMAs, and special memorandum accounts.

A short account's market value decreases by $1 for every $1 of SMA to be created. The SMA balance would be $7,500 if the market value decreases by $5,000.

To learn more about SMA visit:

brainly.com/question/17189709

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5 0
1 year ago
Dartmouth Assessment Centre screens and trains employees for a computer assembly firm in Halifax. The progress of all trainees i
alexdok [17]

Answer:

Discourage Torri from continuing. Encourage Julie to continue.

Explanation:

The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.

REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.

1st Trainee: Torri Olson-Alves

5 hours on Unit 4;   4 hours on Unit 8

Should Torri be encouraged to continue? NO.

There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.

2nd Trainee: Julie Burgmeier

4 hours on Unit 3;   3 hours on Unit 6

Should Julie be encouraged to continue? YES.

Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.

3 0
3 years ago
The balance in the supplies account, before adjustment at the end of the year, is $4,850. Journalize the adjusting entry require
rodikova [14]

Answer:

Supplies Expense           $3970 Dr

        Supplies Account      $3970 Cr

Explanation:

The adjusting entry is made at the end of the accounting period. If on the day of adjusting entry, the supplies account shows a higher balance then the supplies on hand, we will need to charge the difference between these two amounts to the supplies expense account and reduce the supplies account by the same amount.

The difference between supplies account and supplies on hand is 4850 - 880 = $3970

7 0
3 years ago
Ralph owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his
Ulleksa [173]

Answer:

His total economic profit for the year was –$1,000. The right answer is b.

Explanation:

In order to calculate the total economic profit for the year, we have to use the following formula:

Total economic profit = total revenue - total explicit cost - implicit cost =

Acording to the data:

Total Revenue=$100,000

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implicit cost= $ 35,000

Hence, Total economic profit= $100,000 - $66,000 - $35,000 = -$1,000

8 0
3 years ago
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