1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PolarNik [594]
3 years ago
9

Walther owns a home in flood-prone Paradise Basin. If there is no flood the home and land together will be worth $2400. If there

is a flood, Walther's home will be destroyed but the land will still be worth $600. There is 1/10 of chance that Walther's house will be destroyed by the flood. Walther can buy flood insurance for $0.2 per dollar of coverage. Let and be the value of respective values of his land in the case of a flood or no flood. Suppose the equation represents the possible values of and that Walther can achieve by buying some amount of insurance. What is the value
Business
1 answer:
Leto [7]3 years ago
7 0

Answer:

$2,554

Explanation:

The computation of value is shown below::-

Assume insurance purchase is N units

C_n_f = Land\ - Flood\ insurance

= $2,400 - $0.2 per dollar

C_f = Land\ worth\ after\ flood - 0.2\ M + M

= $600 - 0.2 M + M

= $600 + 0.8 M

C_n_f = a\ - \frac{C_f}{b}

$2,400 - $0.2 M = a - ($600 + 0.8 M) ÷ b

$2,400 - $0.2 M = a - $600 ÷ b - 0.8 ÷ b

now we will equate the situation

-0.2 M = 0.8 M ÷ b

-0.2 = 0.8 ÷ b

b = 4

Now, we will put the value of b to find out the value of a

a - $600 ÷ b = $2,400

a - $600 ÷ 4 = $2,400

a - $150 = $2,400

a = $2,400 + $150

a = $2,550

Now we will find out the a and b by putting the values

= a + b

= $2,550 + 4

= $2,554

You might be interested in
Colgate manufactures a fruit-flavored spongebob squarepants toothpaste for kids. the age-based variable that distinguishes the m
satela [25.4K]
Is an example of Market segmentation, which divides the market in half, due to a different demographics like age, target market etc.
The new target market that divides the market is possibly ages: 6-9

Hope this helps.
8 0
3 years ago
Read 2 more answers
The envelope method, notebook and pencil, and online
alexandr1967 [171]

Answer:

Tracking your spending?

3 0
3 years ago
) Market size and growth rates in different countries can be influenced positively or negatively by A. E) the absence or presenc
tatyana61 [14]

Answer:

B. A) population sizes, income levels and cultural influences, the current state of the infrastructure, and distribution and retail networks available. 

Explanation:

In a country where population is high, the demand for goods and services would be high and this would stimulate market growth. On the other hand, in a country where population is low, demand for products would be low and this can hinder market growth.

In a country where income level is high, demand for goods and services would also be high and this would stimulate market growth. The opposite is the case when income is low.

The presence of good infrastructure in a country enhances innovation and production and this can lead to market growth.

The presence of a strong and good retail network to enhance distribution of goods and services can lead to market growth as it assures producers of efficient distribution of goods and services produced.

I hope my answer helps you

3 0
3 years ago
Zipcar car rentals is an example of a type of innovation that is similar to product innovation except that this innovation relat
andrew-mc [135]

Zipcar car rentals is an example of a type of innovation that is similar to product innovation except that this innovation relates to services.

Product innovation is the introduction of a new or improved good or service.  This improvements may be functional, technical and so on.

Service innovation is similar to product innovation except that this innovation relates to services.

Find out more at: brainly.com/question/17218280

6 0
2 years ago
A manufacturing company has budgeted direct labor hours of 600 at a variable overhead rate per direct labor hour of $20. The bud
LekaFEV [45]

Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.

<h3>What is the budgeted overhead cost?</h3>

This can be found as:

= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost

Solving gives:

= (20 x 600) + 500

= 12,000 + 500

= $12,500

In conclusion, the total overhead cost that would be budgeted is $12,500.

Find out more on budgeted costs at brainly.com/question/25406806.

3 0
2 years ago
Other questions:
  • Jason has many roles in life. He is an engineering student in college, he's the oldest son in his family, and he earns extra mon
    8·1 answer
  • Which of these makes this a true statement? When determining the appropriate weights used in calculating a WACC, it should refle
    5·1 answer
  • Which of the following is specifically designed to increase the long run aggregtae suply curve?
    15·1 answer
  • Organizations use ________ to identify where their process expectations differ from sap capabilities. select one:
    15·1 answer
  • What are the main goverment restrictions on sole proprietorships
    15·1 answer
  • What can you expect when you ask clients for testimonials?
    8·1 answer
  • On July 1, a bank loaned $10,000 to a company in the form of a note receivable. The note requires interest at an annual rate of
    7·1 answer
  • It costs Fortune Company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A for
    14·2 answers
  • The Financial Stability Oversight Council was created by Question 29 options: President Roosevelt in 1939 to reduce unemployment
    15·2 answers
  • the process of might be used to determine the value of the smoothing constant that minimizes the mean squared error.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!