Answer:
Instructions are listed below
Explanation:
Giving the following information:
The dinner-dance committee has assembled the following expected costs for the event:
Dinner (per person) $ 18
Favors and program (per person) $ 2
Band $ 2,800
Rental of ballroom $ 900
Professional entertainment during intermission $ 1,000
Tickets and advertising $ 1,300
The committee members would like to charge $35 per person.
1) Break-even point= fixed costs/ contribution margin
Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]
Break-even point= 6000/(35-20)= 400 individuals
2) Q= 300 P=?
300=6000/(P-20)
300*(P-20)= 6000
300P=12000
P=$40
Based on his deductible and coinsurance cap, the amount that Barry will pay is <u>$4,560.</u>
<h3>Amount Barry will pay </h3>
Barry will have to pay the entire deductible of $1,200. The expenses that are left will then be shared between him and the insurer in a 20% - 80% ratio but he will not pay more than $5,000.
Total he will pay out of pocket is therefore:
= Deductible + ( 20% x (Medical expenses - deductible))
Solving gives:
= 1,200 + ( 20% x (18,000 - 1,200))
= $4,560
In conclusion, he will pay $4,560.
Find out more on insurance payments at brainly.com/question/25973180.
Answer:
c) Catastrophe Bonds
Explanation:
These type of bonds are also known as the CAT bonds, and they are issued at any catastrophic event which is foreseen in the future. Basically these are insured linked securities that are used in the process of managing risks that are associated with the catastrophic events such as mentioned in the question i.e hurricane.
Any investor before investing in these bonds should fully understand what type of bonds are these because they posses a greater risk of low return and are very different from conventional bonds.
Hope this helps.
Thanks buddy.
The answer is most like a Market Economy
Answer:
401 retairement plan
Explanation:
A 401(k) is a retirement plan based on savings with the contribution of the employer. The contribution made by the employer and portion of the wage that is saved is collected before taxes.
