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3 years ago

8

Is insurance judgment rating based on

1 answer:

Savatey [412]3 years ago

3 0

Answer:

A judgement rating is an insurance rate that an underwriter assigns to a particular risk based on their subjective evaluation of that risk. Judgement ratings are frequently done on an individual basis and rely heavily on the experience, perception, and talent of the underwriter who makes the final evaluation.

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Abey Kuruvilla, of Parkside Plumbing, uses 1,210 of a certain spare part that costs $26 for each order, with an annual holdi

Andreyy89

Answer:

Annual demand(D) = 1,210

Ordering cost(S) = $26

Annual holding cost (H) = $24

With the order quantity(Q) = 25,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(25/2)24] + [(1210/25)26]

= $300 + $1258.4

= $1558.4

With the order quantity(Q) = 40,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(40/2)24] + [(1210/40)26]

= $480 + $786.5

= $1266.5

With the order quantity(Q) = 50,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(50/2)24] + [(1210/50)26]

= $600 + $605

= $1205

With the order quantity(Q) = 60,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(60/2)24] + [(1210/60)26]

= $720 + $524.33

= $1244.33

With the order quantity(Q) = 100,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(100/2)24] + [(1210/100)26]

= $1200 + $314.6

= $1514.6

8 0

3 years ago

Early Head Start is an example of A. private preschool. B. biological effect. C. a nurturing environment. D. priv

mars1129 [50]

<span>Early Head Start is an example of
</span><span>C. a nurturing environment
It is a program offered to low-income families to provide them with family support and child development services. For a low-income family to be qualified, it has to have a pregnant woman or a family with children up to 3 years old.</span>

3 0

3 years ago

Swifty Industries had the following inventory transactions occur during 2014: Units Cost/unit 2/1/20 Purchase 55 $46 3/14/20 Pur

kykrilka [37]

Answer:

$3,785

Explanation:

FIFO Inventory valuation method requires that the Inventory which is purchased first should be sold first and inventory Purchased at last should be sold at last.

As we know Gross profit is the Net of Sales and Cost of Goods Sold.

Sales $9,800

Cost of Goods Sold <u>($6,015)</u>

Gross Profit <u>$3,785</u>

All workings are made in an MS Excel File, which is attached with this answer Please find it.

5 0

3 years ago

When you have an exclusive contract with a real estate agent, what should you expect and not expect?

zhenek [66]

Answer:

You should expect the following when you sign an exclusive contract with a real estate agent as a buyer:

the agent has to locate and identify potential properties that might interest you, and advice you about a fair market price
the agent is responsible for reviewing the paperwork
the agent is also responsible for preparing purchase offers, and other related services

You should expect the following when you sign an exclusive contract with a real estate agent as a seller:

the agent has to locate and identify potential buyers that might be interested in your property, and try to obtain the best possible price.
the agent is responsible for reviewing the paperwork
the agent is also responsible for negotiating purchase offers

4 0

3 years ago

You have been appointed head of marketing for Barry's Younique Yachts. Barry, the CEO, is interested in determining whether offe

Zielflug [23.3K]

Answer:

that he should reduce his prices. Yachts are luxury goods and therefore exhibit a high price elasticity of demand. Thus, reducing prices would increase revenue.

Explanation:

Luxury goods usually have a high elasticity of demand when compared with necessity goods which are highly inelastic.

An elastic demand means that a change in price would have a considerable impact on quantity demanded.

Therefore, if the price of the yachts which is a luxury good with high elasticity is reduced, demand for yachts would increase and revenue would increase.

7 0

3 years ago