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ArbitrLikvidat [17]
3 years ago
5

Becky’s comprehensive major medical health insurance plan at work has a deductible of $850. The policy pays 80 percent of any am

ount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $9,093. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $4,000.a.Calculate the total amount Becky would pay under the current policy.b.Would a $4,000 stop-loss provision on her current policy have reduced Becky's cost for this illness?
Business
1 answer:
Aleks04 [339]3 years ago
3 0

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)

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algol13

Answer:

The correct answer is: Footloose Activities.

Explanation:

Footloose Activities are those that do not change in costs regardless of the location where they are performed. In the corporate world, Footloose Industries are usually those that have almost fixed manufacturing costs anywhere around the world and include computer chips production, for instance.

6 0
3 years ago
Can someone please help me answer these questions?
steposvetlana [31]

Answer:

I think these are personal questions which means there is no right answer

6 0
2 years ago
Ruben is a travel agent. He intends to sell his customers a special round-trip airline ticket package. He is able to purchase th
mars1129 [50]

Answer:

He would need to sell 130 ticket packages to break even

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Variable cost is cost that varies with output. If output is zero, no variable cost would be incurred.  

Fixed cost is cost that does not vary with output.

\frac{5200}{200 - 160}

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7 0
2 years ago
Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires
Nitella [24]

Answer and Explanation:

The journal entries are shown below:

1. On Sep 30

Cash    $15750

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   To Sales taxes payable ($15000 ×5%)  $750

(Being the cash receipts is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities

2   On Sep 30

Cost of goods sold   $12,000

              To Merchandise inventory $12,000

(Being the cost of goods sold is recorded)

For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets

3  On Oct 15

Sales taxes payable $750

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(Being cash paid is recorded)

For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets

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Which of the following is an example of internally caused behavior? An employee was laid off because the company was attempting
irga5000 [103]

Answer:

An employee was fired from work because he violated company policy

Explanation:

One of the factor that determine the behavior of people is the way the event arround them is interpreted. Those that can control things arround them usually take responsibility for what they do compare to set of people believing that situation arround them is beyond their control, which is explained in" attribution theory" by Fritz Heider. Internally caused behavior can be regarded as challenging behavioras a result of internal stimuli such as traits, pain and anxiety.

Out of the options given in the question only "An employee was fired from work because he violated a company policy" is an example of internally caused behavior, since the violation is on the path of the employee which is as a result of internal behavior known to him.

6 0
3 years ago
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