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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.

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TimTam Steel, a steel manufacturing company, recently adopted a new supply chain management system. By virtue of the new system,
katen-ka-za [31]

Answer:

<u>First mover advantage</u>

Explanation:

First mover advantage refers to the process wherein a company gains competitive advantage over it's competitors due to being the first in an industry for coming up with a product or service or being the first one to employ a certain management system or technique.

A first mover gains advantage since by the time other market participants enter the arena, such a firm has already reaped bulk of the advantage.

In the given case, the steel manufacturing company adopted a new supply chain management system courtesy of which it is able to reduce the procurement time of raw materials considerably thereby leading to efficient production. It has also lead to reduction of costs and thus, has increased profitability.

This represents a case of first mover advantage achieved by the company owing to which it has gained a competitive advantage currently.

4 0
3 years ago
The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $30,000
dangina [55]

Answer:

A. $21,100

Explanation:

net cash flow year 1 = {[savings year 1 - (depreciation expense year 1)] x (1 - tax rate)]} + depreciation expense year 1

cash flow year 1 = {[$25,000 - ($30,000 x 33.33)] x (1 - 26%)} + ($30,000 x 33.33) = [($25,000 - $10,000) x 0.74] + $10,000 = $11,100 + $10,000 = $21,100

4 0
2 years ago
A physical inventory on December 31 shows 3,000 units on hand. Henri sells the units for $12 each. The company has an effective
bekas [8.4K]

Answer:

Lifo in inflationary- condition Income tax shows minimum amount, when there is inflation in the economy.

Fifo In inflationary condition, income tax shows a higher amount.

Lifo .in deflation .In case of deflation, larger amount of income tax is shown. Fifo  in deflation .Reduced income tax will be shown in deflationary conditions

Explanation:

Lifo in inflationary- condition Income tax shows minimum amount, when there is inflation in the economy.

Fifo In inflationary condition, income tax shows a higher amount.

Lifo .in deflation .In case of deflation, larger amount of income tax is shown. Fifo  in deflation .Reduced income tax will be shown in deflationary conditions.

3 0
3 years ago
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th
tangare [24]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The company based its predetermined overhead rate on the total estimated overhead of $244,800 and 9,800 estimated direct labor-hours.

The actual direct labor-hours were 6,300.

Actual manufacturing overhead for the year amounted to $245,400

First, we need to calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 244,800/9,800= $25 per direct labor hour.

Now, we can allocate overhead based on actual direct labor hour:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 25*6,300= $157,500

Over/under allocation= real MOH - allocated MOH

Over/under allocation=245,400 - 157,500= $87,900 underallocated

8 0
3 years ago
You are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazilian mar
zysi [14]

Answer: If the CEO decides to go with same advertising message which was effective for the USA in Brazil, this my be a wrong decision. The products technical standards may be similar for both countries but the way people would react to same advertisement would differ for both countries.

Explanation:

This would lead to the advertising messages changing so as to achieve the desired results, factors that would affect this decision are

1. The message

2. Pricing

The message been passed from the advertisement has to be in such a way that it shows the Brazilian culture which differs from America.

Pricing of the product would also play an important role as there would already be existing competitors for diapers in Brazil. Your price should match or compete with the prices been offered by your competitors.

8 0
3 years ago
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