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2 years ago

What is a consequence of not having health insurance?

Business

1 answer:

Effectus [21]2 years ago

6 0

A consequence of not having health insurance is:

A person may not be able to afford healthcare if he falls ill

Health insurance is the type of insurance where a person pays a premium periodically to cover the medical costs in case of an illness, surgery or any other health related problems.

This is important because:

It protects the insured from unexpected medical emergencies
Some health services come at a subsidized rate for such person
Some preventive measures are available at no cost, etc

Therefore, one consequence of not having a health insurance is that any sudden medical emergency can catch a person unawares and he would not be able to afford treatment.

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Consider a household consisting of four college friends. The friends have made a commitment to live together for the next five y

noname [10]

Answer:

move
none are tied

Explanation:

See the attached for a spreadsheet of the values given in the problem statement. We have simply added the salary to the value of the preference and subtracted the one-time moving expense.

The right-most column shows the net increase in value of moving to Miami for each of the householders. Bonnie achieves so much more value that her net value outweighs the rather significant hit in value that Donna experiences.

If the vote is by net value to the householders, they must vote to move. There are no householders that have a net zero change in value.

_____

Comment on democracy

A decision based on net value does not account for the rather significant cost to Donna. If the household values mental health and interpersonal relationships, the fact that one member suffers badly from the move should be enough to sway the decision against it.

5 0

3 years ago

Assume Marigold Corp. deposits $90000 with First National Bank in an account earning interest at 4% per annum, compounded semi-a

erastova [34]

Answer:

a) $101354

Explanation:

To calculate the future balance of the interest-earning account use following formula

FV = PV x ( 1 + r )^n

Where

FV = Future value = Balance of Interest-earning account after 3 years = ?

PV = present value = Amounr deposited in the account = $90,000

r = Periodic interest rate = 4% x 6/12 = 2%

n = Numbers of periods = Numbers of years x Compounding periods per year = 3 years x 2 periods per year = 6 periods

Placing values in the formula

FV = $90,000 x ( 1 + 2% )^6

FV = $101,354

8 0

3 years ago

Consider the following financial statements about DANIEL Co. for the current year 2015

neonofarm [45]

Answer:

a. For the Year Ended December 31, 2015

Cash flows from operating activities:

Cash received from customers 15586

Cash paid to suppliers -10260

Cash paid for operating expenses -3910

Cash paid for interest -220

Cash paid for income taxes -560

Net cash flow from operating activities 636

Working:

Sales 16000

Less: Increase in accounts receivable -380

Less: Decrease in unearned revenue -34

Cash received from customers 15586

Cost of goods sold 10000

Add: Decrease in accounts payable 360

Less: Decrease in inventory -100

Cash paid to suppliers 10260

Operating expenses 4000

Less: Noncash expenses

Depreciation expense -150

Impairment loss -200

Cash operating expenses 3650

Add: Increase in prepaid expenses 80

Add: Decrease in accrued liabilities 180

Cash paid for operating expenses 3910

Interest expense 200

Add: Decrease in interest payable 20

Cash paid for interest 220

Income tax expense 600

Less: Increase in income tax payable -40

Cash paid for income taxes 560

(b) Partial Cash Flow Statement (Indirect Method)

For the Year Ended December 31, 2015

Cash flows from operating activities

Net income 1200

Adjustments to reconcile net

income to operating cash flows:

Depreciation expense 150

Impairment loss 200

Increase in accounts receivable -380

Decrease in inventory 100

Increase in prepaid expenses -80

Decrease in accounts payable -360

Decrease in accrued liabilities -180

Decrease in interest payable -20

Decrease in unearned revenue -34

Increase in income tax payable 40 -564

Net cash flow from operating activities 636

4 0

3 years ago

Smith Jewelry Store sells 20 pieces of jewelry per day at an average price of $20 per piece. Assume Smith’s cost for the jewelry

Ipatiy [6.2K]

Answer:

$12,000

Explanation:

Take 20 pieces $20 average price per piece 30 days

= $12,000 expected sales for the month

3 0

2 years ago

1. Select why manufacturers use a predetermined overhead rate to apply manufacturing overhead to their jobs. (You may select mor

Lady bird [3.3K]

Answer:

The correct answer is: Manufacturers use predetermined overhead rates to allocate to production jobs the production costs that are not directly traceable to specific jobs.

Explanation:

If we are able to trace a cost directly to a product we will not include it in manufacturing overhead. Manufacturing overhead was created to allocate costs that are not directly traceable to a product. It helps manufacturers to allocate costs with certain precision.

3 0

3 years ago