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Kitty [74]
3 years ago
14

Both nadia and samantha are applying to insure their car against theft. nadia lives in a secure neighborhood, where the probabil

ity of theft is 10%. samantha lives in a lesser secure neighborhood where the probability of theft is 25%. both nadia and samantha own cars worth $10,000, and are willing to pay $100 over expected loss for insurance. ​ how much would samantha be willing to pay for the insurance? a. ​ $1100 b. ​ $2600 c. ​ $2500 d. ​ $1000
Business
1 answer:
MrRissso [65]3 years ago
7 0

Answer:

Samantha will be willing to pay $ 2,600. The right answer is B.

Explanation:

Acording to the details, the probability of loss in case of Samantha's neighborhood is 25%.

Hence, the expected loss to her will be = 25/100 * 10000 = $2500

Samantha is willing to pay $100 over her expected loss, hence the amount that Samantha be willing to pay = ($2500 + $100 ) = $2600

Samantha will be willing to pay $2600

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3 0
2 years ago
Havermill Co. establishes a $330 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
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The Journal entry for the replenishment will be;

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4 years ago
"What specific, direct benefits can a business get from acting in an environmentally responsible manner?"
Ksivusya [100]

Explanation:

It is correct to say that we live in a globalized world, where there is a lot of competition in the business market and where the flow of information occurs very quickly. Therefore, there is a greater demand from society for companies to be active promoters of practices that will lead to the development of society and the maintenance of scarce natural resources.

Companies that act in an environmentally responsible manner will obtain the benefits of certifying to their stakeholders that they are active agents of transformation and prevention of the environment, which can be accomplished through environmental certifications, environmental management systems, compliance with environmental legislation, etc. , which ensures that companies have a better positioning in the market, attracts more consumers and investors, in addition to improving production processes with environmental management systems, which promotes continuous improvement in the company, reducing costs and waste.

3 0
4 years ago
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insig
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It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.

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To know more about decision-making refer to:

brainly.com/question/1249089

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7 0
1 year ago
Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as
tensa zangetsu [6.8K]

Answer:

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Explanation:

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