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valentinak56 [21]
3 years ago
10

What is an insurance premium?

Business
1 answer:
bulgar [2K]3 years ago
6 0

Answer:

An insurance premium is the amount of money an individual or business pays for an insurance policy.

Explanation:

Brainliest please i need it to level up.

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Melanie invested $12,200 at 4.8% interest compounded semiannually and she wants to know how much her investment will be worth in
andre [41]
<span>What is the periodic interest rate of Melanie's investment?

How many compounding periods does Melanie's investment offer in a year? How about in 8 year?


Semiannually means that it is twice in a year, then:

- the number of compounding periods in a year is 2.

- the number of compounding periods in 8 years is 2 * 8 = 16


What expression can Melanie write to figure out how much her investment will be worth in 8 years?


Use the formula : F = P * ( 1+ r/n) ^ (n*t)


P is the initial investment = $12,000


n = the number of periods per year, which is 2

</span>
<span><span>r is the yearly rate = 4.8% = 0.048


t is the number of years, which is 8.


Then, the equation is F = $12,000 * ( 1 + 0.048/2) ^ (8*2) =

= $12,000 ( 1+ 0.024)^ 16 = $12,000 (1,024)^16


 
</span> How much will Melanie's investment be worth in 8 years?</span>


Just use the calculator: 12,000 (1,024)^16 = $17,538
4 0
3 years ago
Senbet Ventures is considering starting a new company to produce stereos. The sales price would be set at 1.5 times the variable
yaroslaw [1]

Answer:

Sales volume required to break even = 96,000 units

Explanation:

Break-even Unit Sales = \frac{Fixed Costs+Target Income}{Contribution margin/unit}

where:

Fixed costs = $120,000

Target income = $0 (company wants EBIT of zero)

Contribution margin/unit=Sales price/unit- Variable Costs/unit=(1.5*2.5)-2.5=3.75-2.5 =$1.25/unit

Break-even Unit Sales = \frac{120,000}{1.25}=96,000 units

7 0
4 years ago
Why price<br> and quantity increase with an increse in demand
Lana71 [14]

Price increase because the supply is low but the demand is more

8 0
3 years ago
Annie, a marketing manager, is worried her firm is doing a poor job of managing the movement of finished products to the final c
Morgarella [4.7K]

The company should improve their distribution management.

<u>Explanation: </u>

Distribution management describes the process of managing the transport of goods from the supplier or retailer to the point of purchase.  

It is an overriding term that applies to a number of activities and methods, such as packaging, stock, warehousing, supply chain, and transportation.

For the business ' financial success and corporate success, the adoption of a distribution management strategy is crucial.  

Distribution management helps to maintain organization and satisfies customers.

The basic idea of distribution management as a marketing tool is that distribution management takes place in an environment that also includes the following aspects:

Product, Price, Promotion and placement (4 P’s)

5 0
3 years ago
In a particular​ department, 8,200 units were started and all but 800 were completed at the end of the period. These 800 were​ 7
myrzilka [38]

Answer:

Equivalent units for direct materials 8,020

Explanation:

To calculate the problem, consider the following information.

Units completed during the year (8200-800) 7,400

+ Ending Work in Process (800*80%) 620

--------------------------------------------

Equivalent units for direct materials 8,020

7 0
3 years ago
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