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ivanzaharov [21]
3 years ago
13

You have a minor medical policy with a $500 deductible and an 80/20 co-insurance (co-pay) feature with a CAP of $15,000. If you

incur a $50,000 medical bill, how much of the bill will be paid by your insurance?
Business
1 answer:
fenix001 [56]3 years ago
5 0

Answer:

$40,500

Explanation:

The computation of the bill payment paid by the insurance is shown below"

= Medical bill incurred cost × percentage given + deductible amount

= $50,000 × 80% + $500

= $40,000 + $500

= $40,500

We simply added the medical bill insured cost based on the percentage and the deductible amount so that the accurate amount can come

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An economic term for any person who uses goods or services. Sometimes a consumer buys a good or service. Sometimes, the goods or
lesantik [10]

Answer: Consumer

Explanation:

If you are asking about what the economic term for any person who uses goods or services is, it is already included in your statement.

The person is a consumer as a consumer is the economic term for an entity that acquires goods and services whether freely or otherwise to use them for something be it personal or business in nature.

5 0
3 years ago
Define employee engagement and job satisfaction with respect to Theory of Motives and Needs.
Aneli [31]

<u>Explanation</u>:

Note that, the human resource department role includes managing employees engagement because it is vital for achievement of the organization goals.

For instance, the theory of motives and needs believes that managers must ensure that all employees are fully engaged or passionate about their jobs.

<u>This theory therefore asserts that employee motivations is increased if they are involved and interested in the tasks that inspires them.</u>

7 0
3 years ago
Read 2 more answers
if increasing physical capita increases productivity why would a company not buy newer faster computers for all its works every
Ivanshal [37]

Explanation:

Every year's investment on the physical capital may decrease the profit rate of the company though it is true that the fast computers and technological items can improve the productivity of the workers.

Every year investment is not required for the employees from company's point of view as they think it is over expending on the products which are not necessary and relevant.

7 0
3 years ago
In 2019, Vaughn sold 1000 units at $500 each, and earned net income of $40000. Variable expenses were $300 per unit, and fixed e
olga nikolaevna [1]

Answer:

Vaughn must sell  1588 Units in 2020 to maintain the same income level as 2019

Explanation:

Selling price for 2020 = 500 per unit

Variable cost for 2020 = 300 x 10% + 300

                                       = 300 x 0.1 + 300

                                          = 30 + 300

                                            = 330 per unit

Fixed cost for 2020 = 240000-10000

                                  = 230000

Required unit = (Fixed cost+Net income)/Contribution margin per unit

                     = (230000+40000) / (500-330)

                     = 270000 / 170

                     = 1588.24

Required unit = 1588 Units

3 0
3 years ago
A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $
zavuch27 [327]

Answer: 77 months

Explanation:

Use the NPER function on Excel to find the answer.

Rate is compounded monthly so:

= 8% / 12

= 0.66667%

Payment = 5,000 per month

Present value = $0

Future value = 500,000

Value should be = 76.87 months

= 77 months

6 0
3 years ago
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