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
BabaBlast [244]
3 years ago
15

The new owner of a house needs hazard coverage for $98,000. The annual premium is $0.44 per $100.00 of the amount insured. The i

nsurance company agreed to make the cost of the policy 2 ½ times the annual rate for a 3 year policy. How much would the monthly insurance payments be to pay for this policy?
Business
1 answer:
Kisachek [45]3 years ago
5 0

Answer:

monthly insurance payments = $29.94

Explanation:

given data

hazard coverage = $98,000

annual premium = $0.44 per $100.00

cost of the policy =  2 ½ times annual rate for 3 year policy

solution

we get here first normal premium cost per year that is

normal premium cost per year = $98000 × 0.44 × \frac{1}{100}    

normal premium cost per year = $431.2

and

insurance company is offering for new owner discount for purchasing a three year policy

so here the total cost for the three year is

total cost for the three = $431.2 ×  2.5 = $1078

and now we get monthly insurance payments for 3 year is

monthly insurance payments = \frac{1078}{36}

monthly insurance payments = $29.94

You might be interested in
Using the AS-AD and IS-LM models, show the effects of an increase in consumer confidence on the position of the AD, AS, IS, and
lora16 [44]

Answer: hello your question has some missing information below is the missing information

Suppose the economy begins with output equal to its natural level. Then there is an increase in consumer confidence and households attempt to consume more for a given level of disposable income.

answer :

Attached below

Explanation:

IS-LM modeling curves intersects and it also defines the value of r and Y where r ( rate of interest )  Y( output level )

The AS-AD modeling is in equilibrium where aggregate demand curve and short run and long run aggregate supply curves intersects each other defining P and Y

p ( price level ) , Y ( output level )

<em>Note : Increase in aggregate demand shifts IS outward , raises interest rate and output level</em>

6 0
3 years ago
What is - x when x=12
maksim [4K]
If x is 12 the answer is -12
6 0
3 years ago
One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that
anyanavicka [17]

Answer:

C. Create a rotating assignment so each team member shares note taking.

Explanation:

In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.

Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.

6 0
3 years ago
Lindon Company is the exclusive distributor for an automotive product that sells for $40 per unit and has a CM ratio of 30%. The
allochka39001 [22]

Answer:

Variable Cost  -$448,000  

Explanation:

The contribution margin formula it's : Net Sales - Variable Costs: Contribution Margin

The contribution margin indicates how much money the company has to cover its expenses not included in the cost of the goods or the variable costs, it is the remaining amount that is used to pay the administrative and sales expenses.

In this case:

Sales : 16.000 x $40 (price) = $640,000

Contribution Margin 30% which means 30%*$640,000 = $192,000

The difference it's the Variable Costs = -$448.000  

6 0
3 years ago
Failure to adequately plan for retirement can result in
frutty [35]
I believe the answer is 'D. Additional Taxes'

Hope this helps.
5 0
4 years ago
Other questions:
  • On January 1, the Elias Corporation issued 10% bonds with a face value of $99,000. The bonds are sold for $97,020. The bonds pay
    11·1 answer
  • Which situation is ideal for an entrepreneur to buy an existing business?
    10·2 answers
  • Great Adventures obtains a $30,000 low-interest loan for the company from the city council, which has recently passed an initiat
    5·1 answer
  • A new variety of Doritos is initially introduced in Fort Worth, Texas; Columbia, South Carolina; Peoria, Illinois; and Spokane,
    12·2 answers
  • 2. What do you think would be the most challenging part of working in advertising? Explain.
    14·2 answers
  • Most of the managers and team members of Wilbesht, a pharmaceutical company, are under the age of 40. The structure of the compa
    14·1 answer
  • Greenwave Garden Centers is a national chain of discount gardening stores. The top management at Greenwave realizes that differe
    10·1 answer
  • You've been taking notes for your boss during his meetings with the Senior Executive for the organization. You notice that every
    8·1 answer
  • Type the correct answer in the box. Spell all words correctly. Which view in a presentation program displays your slides in full
    15·2 answers
  • firms should emphasize the importance of consistently good customer service to its employees so that good customer service becom
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!