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Doss [256]
3 years ago
14

Changes in weather patterns are increasing administrative costs for insurance companies. These added costs often exceed the amou

nt of the premiums coming in and claim payments going out. To address this problem, insurance companies typically
Business
1 answer:
docker41 [41]3 years ago
4 0

Answer:

buildup the amount of their reserves

Explanation:

Based on the information provided within this question it can be said that in order to address this problem, insurance companies typically buildup the amount of their reserves. By doing this the company's have a sort of "escape plan" allowing them to pay these excess costs that they would otherwise not be able to pay since it exceeds the amount that they are making.

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How is Change Management related to Baselining?
zheka24 [161]

Answer:

hope it helps..

Explanation:

Change management is an important part of project management in which the original project plan, represented by the baseline, is used to measure and assess project execution. ... The initial baseline is created by copying the data from the project after the project plan is completed, prior to starting.

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Von told the sales rep he wasn't buying his product because it cost too much. in terms of the personal selling process this is c
Elanso [62]

The sales rep he wasn't buying his product because it cost too much. in terms of the personal selling process this is called a reservation.

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6 0
2 years ago
Which of the following is a poor reason to choose a profession?
olga_2 [115]
The answer is C because you have to love what you want to become in order to succeed in life and letter C represents a poor reason to choose a profession because if for example you decide to become a teacher and you don't like the job, but the salary then you would not be more than a failure.
5 0
3 years ago
Read 2 more answers
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 25-year mortgage for 80 percent of the $
Ahat [919]

Answer:

  • <u><em>7.67%</em></u>

Explanation:

Monthly payments from <em>mortgages</em> are calculated with the compounding montly interest rate.

Thus, you can "calculate" the monthly rate and the multiply by 12 to obtain the <em>APR</em> (annual percentage rate).

The equation for the <em>monthly payment </em>is:

Monthly\text{ }Payment=Loan\times \bigg[\dfrac{r(1+r)^t}{(1+r)^t-1}\bigg]

  • Loan = 80% × $1,800,00 = $1,440,000
  • Monthly payment = $10,800
  • t = number of months = 25 × 12 = 300

Substitute:

      \$10,800=\$1,440,000\times \bigg[\dfrac{r(1+r)^{300}}{(1+r)^{300}-1}\bigg]

You must find r but it is very difficult to make it the subject of the equation; thus, the best is to do succesive calculations:

Tests:

          r                     monthyly payment

  • 0.01                       $15,166.43     > $10,800 ⇒ lower
  • 0.005                    $ 9,277.94    < $10,800 ⇒ increase
  • 0.006                    $10,362.08    pretty close; increase a little bit
  • 0.00639059         $10,800          ↔ this is the number

Multiply the rate by 12 (to obtain the APR): 0.00639059 × 12 = 0.07668708 = 7.67%.

  • APR = 7.67% ← answer
5 0
3 years ago
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