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ozzi
3 years ago
9

How do individuals benefit from having health insurance? Why is health insurance likely to become a bigger and more complex issu

e in the future?
Business
1 answer:
SVEN [57.7K]3 years ago
5 0

Answer: Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Explanation:

Health insurance could be described as insurance that covers the health bills of individuals when they are sick or have an accident.

Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Health insurance would likely be a problem in the future due to the cost. Health bills can be very expensive, especially when it involves illness that require lots of operations or much bills to pay. This has made organizations begin to withdraw the benefits of health insurance for their staff.

You might be interested in
Which of the scenarios are examples of free-riding?
bezimeni [28]

Answer:

b. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air. 

. Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64. 

Explanation:

Free riding is when a person enjoys the benefit of a good or service but doesn't pay for it. This is a form of market failure.

Bob listens to the radio but doesn't donate and Jim would benefit from the grade given to the group but doesn't participate. These are instances of free riding.

Karl doesn't drive at night and so doesn't enjoy the benefits of the street light and doesn't pay. This is not an instance of free riding.

I hope my answer helps

3 0
3 years ago
Teresa purchased a necklace for $100 in 1964. In 2014, Teresa gave the necklace to her granddaughter, Lindsey.
padilas [110]

Answer:

d)$1,100 long-term capital gain

Explanation:

Given the information from the question. We know that a long-term capital gain or loss comes from investment that was possessed for a year or longer. However in this case, since the necklace was a gift .Therefore, there were no capital gain in 2014. In 2016, Lindsey sold the necklace for $1200. Therefore, the capital gain on the necklace will calculated as $1200- $100 = $1100. Where the $100 is a cost purchase for the previous owner. Therefore, long-term capital gain is $1100 which is option D.

8 0
3 years ago
Sarjit Systems sold software to a customer for $293,000. As part of the contract, Sarjit promises to provide "free" technical su
kakasveta [241]

Answer:

Dr Cash/ Accounts Receivables $249,050

Cr Revenue $249,050

Explanation:

The customer receives a discount for purchasing the bundle of goods because the sum of the stand-alone selling prices ($300,000) exceeds the promised consideration ($293,000). There is a discount of $7,0000

This would be split between the two performance obligations as follows

Technical support = $45,000/$300,000 X $7,000 = $1,050

Software = $255,000/$300,000 X $7,000 = $5,950

The software sale is $255,000 - $5,950 = $249,050

3 0
2 years ago
Read 2 more answers
The SP Corporation makes 40,000 motors to be used in the production of its sewing machines. The average cost per motor at this l
Yuri [45]

Answer:

c) 108,000 dollars

Explanation:

Buy option:

Purchase:        40,000 motors at 25.15 = 1,006,000

unavoidable fixed cost: 40,000 x 4.60 =    184,000

                                                               1,190,000.00

Produce option:

Manufacturing Cost (9.9 + 8.9 + 3.65) x 40,000 = 898,000.00

Fixed cost:                                                                  184,000.00

Total Cost                                                          1,082,000.00

Differential:  1,190,000 - 1,082,000.00 = 108,000.00

It is advantageous to continue the production as the unavoidable cost will make the buy option a worse deal

5 0
3 years ago
Your company will generate $65,000 in annual revenue each year for the next seven years from a new information database. If the
Murrr4er [49]

The Present Value is  $335,539.75

This is a form of an annuity. The present value of an ordinary annuity can be computed as follows -

PV = A * 1 - 1 / (1 + r)n / r

where

A = annual revenue or annuity,

r = rate of interest,

n = no. of years

PV = 65000 * 1 - frac 1 / (1+0.0825)^7 / 0.0825 = 335,539.746942

or, Present value = $335,539.75

Also known as Recurring Revenue. Revenue that flows in at regular intervals during the year – typically, on a monthly basis.

Learn more about Recurring Revenue here: brainly.com/question/14317614

#SPJ4

3 0
2 years ago
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