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ExtremeBDS [4]
3 years ago
14

Suppose a company charges an annual premium of $120 for an insurance policy for minor injuries. Actuarial studies show that in c

ase of an injury claim, the company will pay out an average of $900 for outpatient care and an average of $3000 for an overnight stay in the hospital. They also determine that, on average, each year there are five claims made that result in outpatient care for every 1000 policies and three claims made that result in an overnight stay out of every 1000 policies. What is the expected annual profit of an insurance policy for the company
Business
1 answer:
Mars2501 [29]3 years ago
7 0

Answer:

annual profit per insurance policy 107.4 dollars

Explanation:

for every 1,000 insurance policy:

revenue 1,000 x 120 = 120,000

outpatient cost: 5 x 900 = 3,600

overnight cost: 3 x 3,000 = 9,000

Profit: 107,400

We now divide over 1,000 policies:

107,400 / 1,000 = 107.4

Each policy is expected to generate a gross profit of 107.4 dollars

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Can anyone please tell me the right answer
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Commit to buy more in the future
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Marketing strategy of strepsils company
QveST [7]

Answer:

InstallCourses

SWOT ANALYSIS ›FMCG ›

Strepsils SWOT Analysis, Competitors, STP & USP

Published by MBA Skool Team, Last Updated: April 20, 2020

SWOT analysis of Strepsils analyses the brand by its strengths, weaknesses, opportunities & threats. In Strepsils SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Strepsils to benchmark its business & performance as compared to the competitors. Strepsils is one of the leading brands in the FMCG sector.

The table below lists the Strepsils SWOT (Strengths, Weaknesses, Opportunities, Threats), top Strepsils competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).

5 0
3 years ago
Assume that Parker Co. will receive SF200,000 in 360 days. Assume the following interest rates: U.S. Switzerland 360-day borrowi
frez [133]

Answer:

d. $96,914

Explanation:

Parker Co. can execute money market hedge in following steps:

(1) Parker Co. pledges Receivable of SF200,000 to borrow SF190,476 with rate 5% in Switzerland; SF190,476 = SF200,000/ (1+5%)

so it has to pay interest expense of SF9,524 in 360 days. The receivable of SF200,000 is enough for both principal and interest in 360 days.

(2) Then it sells SF190,476 at spot rate $0.48 to get $91,428

(3) Then it deposits $91,428 in US with rate 6% to get back $96,914 in 360 days ; $96,914 = $91,428 * (1+6%)

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Dane works as a sales representative for the Better Butter Company. He is about to meet with his manager to review his progress
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Answer:

The answer is: B) management by objectives (MBO)

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Management by objectives (MBO) is a strategic management model developed by Peter Drucker. Drucker's main principle stated that MBO was: to determine joint objectives and to provide feedback on the results.

According to this model, when employees participate in setting goals and action plans they will feel encouraged to participate and commit to the organization's goals. By jointly (employees + management) setting challenging but attainable objectives, employees felt empowered and motivated to fulfill those goals.

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3 years ago
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