Answer:
Deductibles
Explanation:
In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments. Deductibles are typically used to deter the large number of claims that a consumer can be reasonably expected to bear the cost of, by restricting its coverage to events that are significant enough to incur large costs, the insurance firm expects to pay out slightly smaller amounts much less frequently, incurring much higher savings . Deductibles are a portion of the insured loss (in dollars) paid by the policy holder .Collision and comprehensive coverage are subject to a deductible that you, as the insured, would select. Other coverage that may be sold include towing, rental/reimbursement and mechanical breakdown. A deductible is a portion of a covered loss that is not paid by the insurer. The deductible is subtracted from the amount the insurer would otherwise be obligated to pay you as the insured. The deductible amount is selected by you. Generally, a higher premium is charged for a lower deductible and lower premium for a higher deductible.
Answer:
Variable cost per copy =$ 0.03
Explanation:
The high and low techniques helps to analyse a cost into its variable and fixed cost component.
The formula is given below:\
Variable cost per copy = (cost at high act. - cost at low act)/(high act - low act)
Fixed cost = cost at high activity - (Vc/copy × high act)
VC per copy = ( 195 - 162)/(3500-2400) copies
=$ 0.03 per copy
Total fixed cost = 195 - (0.03× 3500)
= 195 - 105
=$90
If a customer has a concern about a product or service you can chat with the customer about their reservations with it and how they won't actually have an affect on the product or service. It is normal for consumers to be weary of a new product or service so helping their reservations be but to rest makes it easier to sell them the product or service.
<span>
In this scenario, the mean as a measure of central tendency will be least
effective as an accurate representation of financial performance.
</span><span>The mean is a measure of central tendency that is the average for a sample.
</span><span>In this specific case the mean is not effective measure because there is a huge difference in the financial performance in the last month compared to the previous months.So the mean would not give the real picture.</span>
