Answer:
a) $2498.6
b) No
Explanation:
Given that:
Deductible = $850
Medical cost for treatment = $9,093
Policy deductible percentage = 80% = 0.8
a)
Coinsurance = (Medical cost for treatment - deductible) x (1 - policy deductible percentage)
Substituting values:
Coinsurance = ($9093 - $850) x (1 - 0.8) = $8243 x 0.2 = $1648.6
The total amount Becky would pay under the current policy = Deductible + Coinsurance = $850 + $1648.6 = $2498.6
b) No, since beck paid $2498.6 instead of a policy of $4000, she saved $1501.4 (i.e $4000 - $2498.6)
Answer:
account B
Explanation:
only can choose between b & C based on min balance of $300
since ATM are free for ABC ATMs, that is cheaper than Account C
Answer:
Proposal A
3.75 years
Proposal B
3.375 years
Explanation:
<u>Proposal A</u>
Payback = 3.75 years
Year Cash Inflow Initial Investment Balance Year Count
0 0 1,050,000
1 $280,000 770,000 1
2 $280,000 490,000 2
3 $280,000 210,000 3
4 $280,000 0 *3.75
* 1050,0000 / 280,000 = 3.75 years
<u>Proposal B</u>
Payback = 3.375 years
Year Cash Inflow Initial Investment Balance Year Count
0 0 1,050,000
1 $350,000 700,000 1
2 $3150,000 385,000 2
3 $280,000 105,000 3
4 $280,000 0 *3.375
* ( 3 + ( 105,000 / 280,000 ) ) = 3.75 years
Answer:
The question is not properly aligned,hence find below question:
The sale of receivables by a business
A. indicates that the business is in financial difficulty.
B. is generally the major revenue item on its income statement.
C. is an indication that the business is owned by a factor.
D. can be a quick way to generate cash for operating needs.
The correct option is D,can be a quick way to generate cash for operating needs.
Explanation:
Factoring receivable relates to selling off company's account receivables in exchange for a reduced amount of quick cash and not necessarily a pointer to financial difficulty since an investment opportunity could be the rationale for such factoring.
Also,factoring is not major revenue item in the income statement except the company in question is a business whose mainstream business is buy accounts receivable from other companies.
The fact that a debt is sold to a factor does translate to factor owning the business as the factor is a just business partner.
I don’t get what your saying
But could u give more explanation