Answer:
The answer is $241,800
Explanation:
Step 1:
We need to find Net income.
Net income = Revenue - expense
$402,000 - $351,000
Net income is $51,000
Step 2.
Closing/ending retained earnings = beginning/starting retained earnings plus net income minus dividend.
= $202,000 + $51,000 - $11,200
=$241,800
Therefore, Retained earnings on the balance sheet as of December 31, 2016 is $241,800
Answer:
a. $ 2.8 million
Explanation:
Calculation to determine what The regret associated with the alternate decision would be
Using this formula
Regret associate=Payoff for best decision alternative - Payoff for one of the other alternatives
Let plug in the formula
Regret associate= $15.7million - $12.9million
Regret associate= $2.8million
Therefore The regret associated with the alternate decision is $2.8million.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: The correct answer is "A disproportionate number of high-risk individuals are attracted to buy insurance.".
Explanation: A disproportionate number of high-risk individuals are attracted to buy insurance is a problem that arises in a health insurance market. Due to the greater risk, many insurers choose not to allow these individuals to hire these policies, and those that do offer these products do so with a higher premium than others.
