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.
Answer:
Service revenue of $ 440
Explanation:
When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.
As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.
Since $660 was collected for 6 training sessions
Revenue from a training session
= 1/6 × $660
= $110
After 4 training sessions, revenue earned and to be recognized in the income statement
= 4 × $110
= $440
Answer:
The amount of money created will be $1,250,000
Explanation:
In order to find the maximum amount of money that will be created in the banking system as a result of a deposit, we need to find the money multiplier.
Multiplier = 1/reserve ration = 1/0.2 = 5
The amount of money created = Multiplier *Initial deposit
Amount of money created = 5* 250,000
= 1,250,000
Answer:
$4,420.35
Explanation:
Bond Price = ![C x [1 - (1 + r)^{-n} / r] + F / (1 + r)^{n}](https://tex.z-dn.net/?f=C%20x%20%5B1%20-%20%281%20%2B%20r%29%5E%7B-n%7D%20%2F%20r%5D%20%2B%20F%20%2F%20%281%20%2B%20r%29%5E%7Bn%7D)
Where:
- C = Coupon
- r = Yield to Maturity
- n = compounding periods to maturity
Now we plug the amounts into the formula =
![Bond Price = $140 x [1 - (1 + 0.034)^{-32} / 0.034] + $5,000 / (1 + 0.034)^{32}](https://tex.z-dn.net/?f=Bond%20Price%20%3D%20%24140%20x%20%5B1%20-%20%281%20%2B%200.034%29%5E%7B-32%7D%20%2F%200.034%5D%20%2B%20%245%2C000%20%2F%20%281%20%2B%200.034%29%5E%7B32%7D)
