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seropon [69]
3 years ago
7

Both Nadia and Samantha are applying to insure their car against theft. Nadia lives in a secure neighborhood, where the probabil

ity of theft is 10%. Samantha lives in a lesser secure neighborhood where the probability of theft is 25%. Both Nadia and Samantha own cars worth $10,000, and are willing to pay $100 over expected loss for insurance.
1. How much would Nadia be willing to pay for the insurance?
2. How much would Samantha be willing to pay for the insurance?
3. Suppose the insurance company cannot tell them apart but expects them to be different values and charges them an average premium of $1850. Who is more likely to buy this insurance?
4. Suppose the insurance company cannot tell them apart but expects them to be different values and charges them an average premium of $1850. How much profit would it make?
5. If the insurance company can correctly anticipate the adverse selection, what premiums should it charge??
6. If the insurance company can correctly anticipate the adverse selection, who would be insured?
Business
1 answer:
Ivanshal [37]3 years ago
6 0

Answer:

i dont lknow like

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A salesman at a music store always begins by showing his customers high-priced instruments. When the customers refuse these, the
quester [9]

Answer: Rejection-then-retreat approach.

Explanation: The musical equipment salesman is using the Rejection-then-retreat approach to sell his musical items. This method is used to frighten the customers with higher priced items then make them settle for lesser priced items.

4 0
3 years ago
Read 2 more answers
if i am trying to collect on a debt, can i post requests on social media for information on how to contact the debtor?
Makovka662 [10]

Answer:

i guess you can but don't post any valid information which might expose credit cards or so forth

8 0
3 years ago
The grocery industry has an annual inventory turnover of about 13 times. Organic​ Grocers, Inc., had a cost of goods sold last y
s344n2d4d5 [400]

Answer:

What was Organic​ Grocers' inventory​ turnover

ORGANIC  

11,58  INVENTORY TURNOVER

Explanation:

The Organic company compared with the industry works with more inventory than the market, which means that the company is less efficient than the Grocery Industry in Inventory management .

ORGANIC  

11,58         INVENTORY TURNOVER

11.680,000  Cost Of Goods

1.008,880  Average Inventory

32            DAYS IN INVENTORY

To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year ($1,008,880) , take the Total Cost of Goods ($11,680,000) and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 11,58

To find the days in inventory we have to divide 365 (days of the year) by the Inventory Turnover, 11,58 the result is 32 days.

To have a similar Inventory Turnover as the industry the company needs to low the average inventory to $898,524.

ORGANIC  

13,00       INVENTORY TURNOVER

11.680,000  Cost Of Goods

898,524  Average Inventory

28           DAYS IN INVENTORY

8 0
3 years ago
A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely
slega [8]

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

4 0
3 years ago
Which statement describes the most common characteristics of oral narratives
Gennadij [26K]

Answer:

I have 3 statements

Explanation:

The characteristics of oral narrations are as follows.

1) They can be real or imaginary.

2) They are structured in dialogue, monolog and paragraph.

3) It is written in past tense

Hope it helped u if yes mark me BRAINLIEST!

Tysm!

6 0
3 years ago
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