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Ymorist [56]
2 years ago
8

An insured has a primary group health plan and an excess plan, each covering losses up to $10,000. The insured suffered a loss o

f $15,000. Disregarding any copayments or deductibles, how much will the excess plan pay?
Business
1 answer:
KATRIN_1 [288]2 years ago
5 0

Answer:

excess plan pay $5000

Explanation:

given data

each covering losses  = $10,000

insured suffered a loss = $15,000

solution

we get here excess plan pay that is express as

excess plan pay = insured suffered a loss - each covering losses ....................1

put here value and we get  excess plan pay that is

excess plan pay = $15,000 - $10,000

excess plan pay = $5,000

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Selected data pertaining to Castile Co. for the current calendar year is as follows: Net cash sales: $ 3,000 Cost of goods sold:
kumpel [21]

Answer:

2.0 times

Explanation:

The inventory turnover ratio indicates how efficient a company is in converting its inventory into sales. It shows the number of times a business sells and restocks its inventory in a period.

The formula for calculating inventory turnover is as follows.

Inventory turn over = Costs of goods sold/ Average inventory

For Castile Co.

COGS is $18,000

Average inventory = Beginning inventory + ending inventory /2Beginning inventory = $6,000

if COGS = Beginning inventory + Purchases - Ending inventory

Then $18,000 = $6000 +$24,000 - ending inventory

=$18,000 = $30,000 -ending inventory

Ending inventory = $30,000-$12,000

Ending Inventory =$12,000

Average inventory = $6000+$12,000/2

Average inventory = $9,000

Inventory turnover = $18000/$9000

=2.0

6 0
2 years ago
You have just arrived on the scene of an agricultural business and see three men coming out of a​ building, choking and holding
Viktor [21]
A cover your nose and mouth with a wet towel and check non the status of two workers inside the building
3 0
3 years ago
Exercise 12-15 a-b Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30%, and 20%, respectively. Thei
omeli [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
What is the present value of a cash flow that begins with $1,500 deposited at the end of year 1 and increases by $500 per year t
blsea [12.9K]

Answer:hahah

Explanation:u are so unsmart hahah lol

8 0
3 years ago
The result of your Monte Carlo simulation for the Present Worth of a project is a normal distribution with a mean of $575,234 an
sveticcg [70]

Answer:

6.85%

Explanation:

Mean = 575,234

Standard deviation = 10,245

Project will be successful when PV > 560,000

For not getting success, PV < 560,000

P (X < 560,000) = <em>P </em>(Z < (560,000-575,234)/10,245)

P (X < 560,000) = <em>P </em>(Z < -1.48697)

P (X < 560,000) = 0.0685

P (X < 560,000) = 6.85%

Therefore, the chance that the project will NOT succeed is 6.85%

7 0
2 years ago
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