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bazaltina [42]
3 years ago
10

"Eva Stone's home in Chicago was recently gutted in a fire. Her living and dining rooms were destroyed completely, and the damag

ed personal property had a replacement price of $42,000. The average age of the damaged personal property was 4 years, and its useful life was estimated to be 13 years. What is the maximum amount the insurance company would pay Eva, assuming that it reimburses losses on an actual cash-value basis? Round the answer to the nearest cent."
Business
1 answer:
VLD [36.1K]3 years ago
4 0

Answer:

Maximum amount insurance company will pay =  $29,077 (Approx)

Explanation:

Given:

Amount of property replaced = $42,000

Average age [damaged personal property] = 4 years

Estimated life = 13 years

Find:

Maximum amount insurance company will pay

Computation:

Depreciation = $42,000[4/13]

Depreciation= $12,923 (approx)

Maximum amount insurance company will pay =  $42,000 - $12,923

Maximum amount insurance company will pay =  $29,077 (Approx)

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Telecomp is a U.S.-based manufacturer of cellular telephones. It is planning to build a new manufacturing and distribution facil
neonofarm [45]

Answer:

a. Maximin =  19.0

b. Minimax  = 17.6

c. Hurwicz ( 0.40)  = Taiwan

d. Equal likelihood = Taiwan

Explanation:

Remember, we are told to: Note that since the payoff is cost, the maximax criteria becomes minimax and maximin becomes minimax

a) Maximin: Since the payoff is cost, we begin by determining the maximum cost for each alternative and then selecting the one which gives the minimum of these maximums. (minimax)

b) Minimax: Since the payoff is cost, we begin by determining the minimum cost for each alternative and then selecting the one which gives the maximum of these minimums. (maximin).

c) Hurwicz (0.40): In this method, we add and multiply each payoff value by alpha (0.4).

South Korea = 15.2 (0.4) + 21.7 (0.6) = 19.1 ( remember, in $ millions)

China = 17.6 (0.4) + 19.0 (0.6) = 18.44

Taiwan = 14.9 (0.4) + 19.2 (0.6) = 17.48

Poland = 13.8 (0.4) + 22.5 (0.6) = 19.02

Mexico = 12.5 (0.4) + 25.0 (0.6) = 20

From the values above we select the minimum outcome since the company is looking at saving cost. Which is Taiwan; having the lowest cost of $17.48 million.

d) Using the formula \frac{P_{1} +P_{2}+P_{3}...P_{n}   }{n} where P = payoffs value, n = number of events.

South Korea =  15.2 + 21.7 + 19.1 /3 = 18.66

China = 17.6 + 19.0 + 18.5 /3 = 18.36

Taiwan = 14.9 + 19.2 +17.1 /3 = 17.06

Poland = 13.8 + 22.5 + 16.8 /3 = 17.7

Mexico = 12.5 + 25.0 + 21.2 /3 = 19.56

Taiwan should be selected since it has the lowest cost of $17.06 million.

4 0
3 years ago
Leading economic indicators
Pavel [41]

Answer:

B. New applications for unemployment insurance

D. Stock prices

Explanation:

Unemployment benefits claims is one of the most powerful leading economic indicators, because it can predict, with a high degree of accuracy, the unemployment rate of the next economic periods.

Stock prices are also included in the index of leading economic indicators, more specifically, the Stock Prices of the S&P 500. Stock prices are a leading indicator because investors try to carefully invest in those companies they feel will have a good performance in both the short-term and the long-term.

5 0
3 years ago
Suppose the value of owning a first car is worth $30,000 to you, and the value of owning a second car is worth $24,000 to you. S
VLD [36.1K]

Answer:

No, the second car shouldn't be purchased.

Explanation:

After buying the first car, when second car is to be brought the marginal benefit is lower than marginal cost. So, only one car should be brought.

6 0
3 years ago
Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 10,000 Purc
sleet_krkn [62]
Ngl I have no idea lol
6 0
3 years ago
The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good
aev [14]

Answer:

C) The supply curve moved to the left.

Explanation:

A supply curve shift to the left due to a reduction in the quantity supplied to markets. When the market is at equilibrium, a decrease in supply will likely to create a shortage. Buyers will compete to buy the few available items at the price that suppliers will demand. Suppliers will take advantage of the " increase " in demand to raise prices.

A reduced supply means that the quantity available in the market decreases. At equilibrium, the quantity supplied matches demand, but when supply decreases, the quantity supplied also decreases.

4 0
3 years ago
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