Answer:
C. Safe driving
Explanation:
Behavioral factors refer to the lifestyle habits of an individual. Auto insurance premiums are largely determined by the risk involved, as assessed by the insurance company. Insurance companies consider
- the car and its safety features,
- the driver's history and habits,
- insured credit history, among other factors, when determining auto premiums.
Safe driving is a habit that develops in a driver over time. It is captured in the driver's driving history. A driver with few incidents and accidents than other pay lower insurance premiums. However, accident-prone drivers, those who drive many hours per day, and night drivers will always pay high insurance premiums.
Answer:
Contribution margin per unit: $42.9
Total contribution margin: $8,580
Explanation:
The contribution margin per unit is calculated by calculating the total contribution margin, which is basically the total sales, minus the costs of production, in this cae we have that we sold:
60 regular chairs
140 executive charis
Now the total in sales is:
Regular sales: $6,000
Executive chairs: $23,800
The variable cost of each is:
Regular chairs: $3720
Executive chairs: $17,500
We add up the sales and withdraw from it the total variable cost:
29,800-21,220=8,850
The total contribution margin is equal to $8850.
And the contribution margin per unit is given by dividing the total contribution margin by the number of units sold:
8850/200= 42.9
So the contribution margin per unit is 42.9 dollars.
Answer:
the expected return on the portfolio is 15.50%
Explanation:
The computation of the expected return on the portfolio is shown below:
Total investment is
= $2,700 + $3,800
= $6,500
Now
Expected return of portfolio is
= ($2,700 ÷ $6,500) × 12 + ($3,800 ÷ $6,500) × 18
= 4.98% + 10.52%
= 15.50%
Hence, the expected return on the portfolio is 15.50%
Answer:
In which of the following situations would each of the members be responsible for producing an equal share of the total amount of output sold by the cartel engaged in joint profit maximization?
When marginal costs of production are the same for each of the members of the cartel.
Explanation:
D
Answer:
a. $181.17
b. $218.82
c. $319.21
Explanation:
If the borrower repays the loan after 2 year
PV = $150
n = 2
r = 9.9%
P/yr = 1
Pmt = $0
FV = ?
Using a financial calculator, FV = $181.1702
The amount that will be due if the borrower repays the loan after 2 year is $181.17.
If the borrower repays the loan after 4 years
PV = $150
n = 4
r = 9.9%
P/yr = 1
Pmt = $0
FV = ?
Using a financial calculator, FV = $218.8175
The amount that will be due if the borrower repays the loan after 2 year is $218.82.
If the borrower repays the loan after 8 years
PV = $150
n = 8
r = 9.9%
P/yr = 1
Pmt = $0
FV = ?
Using a financial calculator, FV = $319.2073
The amount that will be due if the borrower repays the loan after 2 year is $319.21.
