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Aleks [24]
3 years ago
10

When a claim is settled by a title insurance company, the company acquires all rights and claims of the insured against any othe

r person who is responsible for the loss. This is known as what
Business
1 answer:
marshall27 [118]3 years ago
4 0

Answer:

Subrogation

Explanation:

Subrogation occurs when the person that has suffered loss in an insurance contracts is compensated by the insurance company, the insurer, which automatically means that his/her rights or claims to the insured item or object has been transferred to the insurance company.

For instance,an insured insures his house against fire accident, if fires erupts and the house is destroyed, the insurance company compensated the insured with a new house, the right to sue the party that has caused the fire incident has been automatically transferred to the insurance company.

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Activity-based costing for a service company
inysia [295]

Answer:

A.

Room and meals=  $240 per day

Radiology =  $215 per image

Pharmacy =  $50 per physician order

Chemistry lab = $80 per test

Operating room = $1,000 per operating room hour

B.

<u>Patient Putin</u>

Unit  = $1,585

Total = $10,640

<u>Patient Umit</u>

Unit  = $1,585

Total = $6,025

Explanation:

Activity rate = Total Overhead Cost / Total Activity

Room and meals=  $240 per day

Radiology =  $215 per image

Pharmacy =  $50 per physician order

Chemistry lab = $80 per test

Operating room = $1,000 per operating room hour

<u>Patient Putin</u>

                               Unit       Total

Room and meals   $240      $1,440

Radiology               $215        $860

Pharmacy                 $50       $300

Chemistry lab          $80          $40

Operating room  $1,000    $8,000

Total                     $1,585   $10,640

<u>Patient Umit</u>

                               Unit       Total

Room and meals   $240       $960

Radiology               $215       $645

Pharmacy                 $50       $100

Chemistry lab          $80       $320

Operating room  $1,000    $4,000

Total                     $1,585   $6,025

6 0
3 years ago
You have found three investment choices for a​ one-year deposit: 9.4 %9.4% APR compounded​ monthly, 9.4 %9.4% APR compounded​ an
NeX [460]

Answer and Explanation:

The computation of EAR for each investment is shown below:-

EAR = ((1 + APR ÷ m)^m) - 1

where m indicates compounding periods

Now we will put the values with the help of the above formula

For 9.4% APR compounded monthly is

EAR = ((1 + 0.094 ÷ 12)^12) - 1

= 9.815747%

For 9.4% APR compounded annually is

EAR = ((1 + 0.094 ÷ 1)^1) - 1

= 9.400000%

For 8.7% APR compounded daily is

EAR = ((1 + 0.087 ÷ 365)^365) - 1

= 9.088537%

7 0
3 years ago
During december at toys for tiny tots, employees know that they are generally required to work different schedules, weekends, an
swat32

This is an adaptive change.

Dealing with these schedules requires employees to <em>adapt </em>to shifting schedules and more work.

7 0
3 years ago
It is a hot day, and Bert is thirsty. Here is the value he places on each bottle of water:
DENIUS [597]

Answer:

Explanation:

Please have a look at the attached photos, for this type of question, we need to draw!

a. From this information, derive Bert’s demand schedule. Graph his demand curve for bottled water.

Price                    Quantity Demanded

More than $7                           0

$5 to $7                                    1

$3 to $5                                   2

$1 to $3                                    3

$1 or less                                 4

b. When the price of a bottle of water was $ 4, Bert bought 2 bottles of water. Consumer surplus of him is shown as area A in Fig. He valued his first bottle of water at 7 dollars, but only pay 4 dollars for it, so the consumer surplus is $ 3. He valued his second bottle of water at 5 dollars, but only pay 4 dollars for it, so the consumer surplus of $ 1. Therefore, the total consumer surplus of $ 3 + $ 1 = $ 4, is in the area of A

c. When the price of a water bottle dropped from $ 4 to $ 2, Bert bought three bottles of water, increasing it. His consumer surplus includes both areas A and B in the figure, an increase in the number of areas B. He gets a $ 5 consumer surplus from the first bottle ($ 7 minus $ 2 ), $ 3 from the second bottle (minus $ 5 The $ 2 price) and $ 1 from the third bottle ($ 3 minus $ 2), with a total consumer surplus of $ 9. Therefore, consumer surplus increased $ 5 (which is the size of area B) when the price of a bottle of water dropped from $ 4 to $ 2.

4 0
3 years ago
If you ordered a TV commercial to run on a local TV station that could reach 500,000 households for a cost of $1,000, what would
timofeeve [1]

Answer:

b. $2.00

Explanation:

For computing the CPM, first, we have to determine the number of groups which are shown below:

= Number of Households ÷ cost

= 500,000 households ÷ $1,000

= 500 groups

Now the CPM would be

= Cost ÷ number of groups

= $1,000 ÷ 500

= $2

For computing the CPM we simply divide the cost by the number of groups so that CPM can be correctly computed

8 0
3 years ago
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