Answer:
Misstatement of age
Explanation:
If the insurance company knows that a person has intentionally lied about his/her age, they will adjust the insurance amount and premium to match the correct age of the insured. E.g. in this case, Lisa will probably be required to pay a higher premium on her policy, and depending on her age, the insurance amount might be lower.
Answer:
True
Explanation:
The theory of constraints focuses on establishing the most important limiting factor or constraint in a business and improve it in order to improve the whole company's performance.
In simple terms, a company recognizes their greatest weakness and tries to improve it, so that it no longer represents a limitation.
This theory was originally developed for manufacturing companies, and it was meant to reduce bottlenecks (manufacturing constraints). Therefore one of its main goals is to lower inventory levels and operating costs while increasing production output.
Answer:
the net operating income is $19,000
Explanation:
The computation of the net operating income is shown below:
As we know that
Net Operating Income = Revenue - Costs
= $10,000 + $20,000 - $5,000 -$6,000
= $19,000
Hence, the net operating income is $19,000
we simply deduct the cost from the revenue so that the net operating income could come
Answer:
Annual repayment under option(i) is $1490
Annual repayment under option (ii) is $2189
Therefore option A is correct
Explanation:
Immediate repayment
Loan amount $10,000
Repayment period 10 years
Interest rate 8%
Let the annual repayment be X
:10000=X*(1/0.08)*(1-(1/(1.08)^10))
1/0.08 = 12.5
1-(1/(1.08)^10 = 0.536806512
12.5*0.536806512
=6.710081399
10000=X*6.710081
X = $1,490.29
5 years grace period
let P be accummulated loan value after 5 year
P=10000*(1.08)^5 =14693.28077
Let annual repayment be Q
14693.28=Q*(1/0.08)*(1-(1/(1.08)^10))
1/0.08 = 12.5
1-(1/(1.08)^10 = 0.536806512
12.5*0.536806512 =6.710081399
14693.28=Q*6.710081
Q 2189.73