Answer: a. $0
b. $7,760
c. $1,440
d. $1,200
Explanation:
a. The family have a $500 a year deductible so the $200 will go out from there.
The insurer will therefore pay $0.
b. The remaining Deductible of $300 ( 500 - 300) will be applied to this.
There is also the 80% Coinsurance clause which means the insurer will pay for 80% of the losses. In total the Insurance company will pay,
= (10,000 - $300) * 80%
= 9,700 * 80%
= $7,760
c. The Deductible has been used up so the Insurance company pays 80% of the loss.
= 80% * 1,500
= $1,200
However, the Stop-loss provision of $2,500 kicks in. This is the maximum amount that the family is to pay for any losses during the year.
So far on January 1 2013 and July 1 2013 they have paid,
= 200 + (10,000 - 7,760)
= $2,440
The maximum left till the family pays the maximum is,
= 2,500 - 2,440
= $60
The family will therefore pay only $60 meaning that the insurer will cover,
= 1,500 - 60
= $1,440
d. This is a new year so the Deductible resets back to $500.
Insurer will therefore pay,
= (2,000 - 500) * 80%
= 1,500 * 80%
= $1,200
<span>The success of the
glucose-averse cockroaches in their new environment depends on the future use
of glucose-baited poison in the apartment. If glucose-baited poison is not
used, it is likely that the resident cockroaches will outcompete the new cockroaches,
as the resident cockroaches will not exclude glucose-containing foods from
their diet. However, the use of glucose-containing poison in the apartment will
provide the new cockroaches a distinct selective advantage, as they will
survive to reproduce, whereas the majority of the resident cockroaches will
die.</span>
Answer: d. the consideration from Darla to Edward is the promise of $6,000 subject to a condition.
Explanation:
Based on the information given, we should note that if Edward agrees to Darla's offer, the consideration from Darla to Edward is the promise of $6,000 subject to a condition.
This is because Darla offered to pay Edward the $6,000 for his car, as long as she gets that much from her uncle's estate, which is under probation. In the case whereby she doesn't get up to $6000, then she won't be bake to buy the car for $6000.
Answer; this is true
Because, Foreign exchange risk is divided into three main groups: transaction exposure, translation exposure, and economic exposure. Economic exposure is concerned with the long-run effect of changes in exchange rates on future prices, sales, and costs. This is distinct from transaction exposure, which is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within a few weeks or months
Answer:
$8,318,333
Explanation:
The computation of the weighted average accumulated expenditure is shown below:
Date Amount Capitalization period Weighted Average Accumulated Expenditures
Mar 1 $6,300,000 10 months $5,250,000 ($6,300,000 × 10 months ÷ 12 months)
Jun 1 $5,260,000 7 months $3,068,333.33 ($5,260,000 × 7 months ÷ 12 months)
Dec 31 $8,450,000 0 months $0
Total $8,318,333
We simply multiplied the amount with the capitalization period so that the weighted average accumulated expenditure could come
