Based on the amount covered and the amount withdrawn, we can calculate that Boba's annual health insurance premium is<u> $6,256.88</u>
First find the total amount withheld from Boba in a year:
= 185.30 x 26
= $4,817.80
Boba's employer covers 23% of his insurance so the amount withdrawn is 77% of the insurance.
The annual insurance is therefore:
<em>= Boba's share / Percentage paid by Boba</em>
= 4,817.80 / 77%
= $6,256.88
In conclusion, the annual premium is $6,256.88
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Answer:
The term used to describe the reduction of the balance owed on a loan with each payment made over a period of time is:
d. amortization.
Explanation:
Amortization of a loan is the gradual reduction of the balance owed on a loan because payments are being made over a period of time. Each payment is, therefore, a reduction of the borrowed fund. This gradual reduction through periodic payments is called amortization of the borrowed fund. Loan amortization, therefore, implies the spreading out of the loan payments over time. It is not the same as asset amortization, which is a kind of depreciation.
Answer:
unrelated diversification
Explanation:
The unrelated diversification strategy is a strategy in which an organization decides to manufacture a new product or offer a new service that is not related to the products or services they currently produce and enter into a new market. According to this, the answer is that Rocco is advocating an unrelated diversification strategy because he is proposing to enter to new markets to decrease the risk of depending on one.
Answer:
Effect in income= $5,400
Explanation:
Giving the following information:
It costs Waterway Company $26 per unit ($18 variable and $8 fixed) to produce its product.
A foreign wholesaler offers to purchase 5400 units at $21 each.
Waterway would incur special shipping costs of $2 per unit if the order were accepted.
Waterway has sufficient unused capacity to produce the 5400 units.
Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.
Unitary cost= $18 + $2= $20
Effect in income= 5,400*(21 - 20)= $5,400
Answer: LINE OF CREDIT
Explanation: Line of credit can be defined as the credit source to individuals, banks and governments that is offered by banks. Under this method the bank agrees to borrow money to a certain amount and the borrower has to pay interest on the amount borrowed.
In the given case, the manager has negotiated a certain level of borrowing limit hence it is definitely a line of credit.
