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
ololo11 [35]
3 years ago
15

Bob and Barbara Castle are each 39 years old and have sought your advice with regard to their financial affairs. Bob is a school

administrator making $75,000 per year and Barbara is not employed outside of the home. The Castles' net worth is approximately $190,000. They have three kids, ages 6, 10, and 14. You have determined that the Castles currently have adequate life, health, auto, and homeowner's insurance. Which of the following forms of insurance is likely to fulfill their highest-priority remaining risk-management need?
Business
1 answer:
larisa [96]3 years ago
8 0

Answer:

The question is not complete. However, the concluding part of the question is  the options which are:

(a) Disability income insurance

(b) Long-term care insurance

(c) Major medical insurance

(d) Mortgage insurance

(e) Umbrella liability insurance

The correct option for the question is A. Disability income insurance.

Explanation:

Given that:

  1. Bob earns $75,000 and Barbara is unemployed.
  2. The castle's net worth is approximately $190,000
  3. They have three kids.

To fulfill their highest-priority remaining risk management need, <em>Disability income insurance</em> is needed.

This is because, if Bob were injured or ill and could not work, it will greatly affect the financial situation of the family. Hence the need for the insurance.

You might be interested in
High inflation in the United States would most likely have a negative impact on
Alexxx [7]

Answer:

The correct answer is option A.

Explanation:

High inflation will cause an adverse effect on the exchange rate. However, the low inflation rate does not have a positive effect on the value of currency and exchange.  

Inflation rate affects the rate of interest which has an effect on the exchange rate. The relationship between the interest rate and inflation is complex and difficult to manage.

Lower interest rates are likely to lower the cost of borrowing. As a result, there is an increase in investment and production. This increases aggregate demand and thus price level.  

But lower interest discourages foreign investment, the demand for domestic currency falls.This shift the currency demand curve to left decreasing the interest rate.

5 0
3 years ago
Each month, Burrel Incorporated produces 500 units of a product that has unit variable costs of $22. Total fixed costs for the m
Gnom [1K]

Answer:

difference between the offered price and the variable cost per unit

Explanation:

The contribution margin per unit of a product is the difference between the selling price per unit and variable cost per unit. The contribution margin per unit shows the amount available from each unit sold that cater to fixed costs and profits. A higher amount of contribution margin is desirable as it assures that each unit sold is contributing to profitability.

When the variable costs are more than the selling price, it means a business is not meeting any of its costs. The firm is running at a loss and is likely to close down soon. Before accepting or rejecting the special offer, the business should compare the proposed price and variable costs. If the contribution margin is positive, then the order should be considered.

5 0
3 years ago
The supply of headphones is linear and upward sloping, and the demand for headphones is linear and downward sloping. Suppose the
Norma-Jean [14]

Answer:

8,000

Explanation:

Initially, the market is at equilibrium E1: P = P1; Q = Q1

Assume that the tax is imposed, the market will move to when Q = Q2; the price buyers pay is greater than P1, the price producers receive is less than P1.

We have: <em>Price buyers pay - Price producers receive = Tax</em>

As the tax decreases the equilibrium quantity by 700 headphoes

=> Q1 - Q2 = 700

=> Q2 = Q1 - 700

=> Q1 + Q2 = Q1 + Q1 - 700 = 2Q1 - 700

Before tax:

+) the producer surplus (PS) is equal to the area formed by supply curve S, price line P1 and the vertical axis

=> PS1 = Area of BE1P1

+) the consumer surplus (CS) is equal to the area formed by demand D, price line P1 and the vertical axis

=> CS1 = Area of AE1P1

=> The wellness before tax = CS1 + PS1 = Area of AE1B

After tax:

+) the producer surplus (PS) is equal to the area formed by supply curve S, price line (Price producers receives) and the vertical axis

=> PS2 = Area of BDE

+) the consumer surplus (CS) is equal to the area formed by demand D, price line (price buyers pay) and the vertical axis

=> CS2 = Area of ACF

+) The Tax revenue = Tax * Q2 = (Price buyers pay - Price producers receive) * Q2 = CD * DE = Area of CFDE

=> The wellness after tax = PS2 + CS2 + Tax Revenue = BDE + ACF + CDEF

=> Deadweight loss = Wellness before Tax - Wellness after tax = Area of EFE1 = 2,800

The tax decreases consumer surplus by $4,000.00, and it decreases producer surplus by $6,800.00

So that:

+) CS1 - CS2 =  4,000

=> Area of AE1P1 - Area of ACF = Area of CFE1P1 = 4,000

+) PS1 - PS2 = 6,800

=> Area of BE1P1 - Area of BDE = 6,800

=> Area of EDP1E1 = 6,800

=> Area of CFE1P1 + Area of EDP1E1 = 4,000 + 6,800

=> Area of CFE1ED = 10,800

Area of CDEF + Area of EFE1 = Area of CFE1ED = 10,800

=> Area of CDEF + 2,800 = 10,800

=> Area of CDEF = 8,000

=> Tax revenue = 8,000

6 0
3 years ago
Health insurance Plan A requires the insured to pay $1000 or 50% of total cost, whichever is lower. Plan B requires the insured
kirill [66]

Answer:

C. $3,800

Explanation:

The computation of the cost level for both insurance policy is shown below:

We choose $1,000 or 50% which ever is lower

We take the help of the given options

a. For the first option

The 50% is 300 which is less than the 1,000 now we take 80% of ($600 - $300) that comes $240

b. For the second option

The 50% is 500 which is less than 500 now we take 80% of ($1,000 - $300) that comes $560

c. For the third optiion

The 50% of $3,800 i.e $1,900 and $1,000 whichever is less i.e ($3,800 - $1,000) = $2,800 so it is $1,000 now we take the 80% of ($3,800 - $300) i.e $2,800

Thus the amount comes same

Thus this is the right option

5 0
3 years ago
Clare purchases a single product for $15 and sells it for $30. Forecasted sales for the next three months are July 4,000 units,
anastassius [24]

Answer:

Budgeted purchases in units for August are 6600 units

Explanation:

The budgeted purchases in units for August under the policy followed by the company will be as follows.

The units required to meet August sales are 6000 units.

The opening inventory in August will be 40% of August sales that is 0.4 * 6000 = 2400 units

Thus, the units need to be purchased in August to meet August sales = 6000 - 2400 = 3600 units

In August, we also need to purchase enough units to cover 40% of September sales. Units needed in August for September sales = 0.4 * 7500 = 3000 Units

Purchases in August = Purchases required to meet August sales - Purchases required to meet the desired ending inventory

Purchases in August = 3600 + 3000 = 6600 units

5 0
3 years ago
Other questions:
  • A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. it
    14·1 answer
  • The Eagle Pawn Company is a regional business that owns seven pawn stores in the Houston area. The owners of Eagle Pawn have rec
    14·1 answer
  • The consumer price index (CPI) is used to compute inflation.
    5·2 answers
  • Explain the differences between civil and criminal law.
    8·1 answer
  • One difference between the short run and the long run is that perfectly competitive​ firms: A. always earn more economic profit
    13·1 answer
  • Suppose that DiamlerChrysler is considering changing its production operations from an assembly line in which each employee adds
    11·1 answer
  • What is likely to lead to a decrease in the price of a company's stock?
    10·1 answer
  • Roberta transfers property with a tax basis of $495 and a fair market value of $546 to a corporation in exchange for stock with
    10·1 answer
  • How to write a recommendation letter for a student?.
    9·1 answer
  • Two years ago, you bought a property for $264,500. Values increased in that area by 5% the first year and 7% the second year. Ho
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!