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RideAnS [48]
2 years ago
15

Michael Glock was the policyowner-insured of a $50,000 participating whole life insurance policy with a $50,000 accidental death

benefit (ADB) rider. Mr. Glock’s $750 annual premium was due on March 13, 2015. On March 24, Mr. Glock was killed in an automobile accident. At the time of his death he had not yet paid his overdue premium. Also at the time of his death, his policy had $3,400 in accumulated policy dividends, including interest, left on deposit with the insurer, and a $2,500 outstanding policy loan. This information indicates that the total death benefit payable to the beneficiary of Mr. Glock’s policy wasa.$46,750
b.$50,150
c.$100,150
d.$96,750
Business
1 answer:
sveticcg [70]2 years ago
3 0

Answer:

B

Explanation:

50,000+3,400-750-2500

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Answer:

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Answer:

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Barb's Bakery made $200 last month selling 100 loaves of bread. This month it made $300 selling 60 loaves of bread. What is the
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The bank is working to develop an efficient work schedule for full-time and part-time tellers. The schedule must provide for eff
Kitty [74]

Answer:

The solution is given below.

Explanation:

It is a practical, complex scheduling problem that can be easily modelled and solved as IP. Note that  part time and full time employees are paid at different rates. So, it is important that the bank operates to provide required service level (indicated by the number of tellers per hour) while  minimizing total cost due to staff salary.

We use x as full time and y as part time staff.

It would help if you construct a table as shown below to better analyze the problem before  attempting to model it. Red shows work hrs of full time staff and green is for part timers. Just follow  their work hour rules.

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(i) start at 9 – work till 1pm, take 1 hr break, then work 2 – 5 pm

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Now, decision variables should include this work hour information. Here goes their definition. You  must clearly define decision variables in exam, otherwise, the model is meaningless.

X9 = number of full time staff who start at 9 and follow the hour-related rule (no need to specify  more details; those are already undestood)

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Y9 = number of part time staff who start at 9 and follow the hour-related rule

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…. This way you define up to Y15.

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Xi, Yi >=0, integers.

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constraints are: (attached with image)

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