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german
2 years ago
3

Christine's total monthly expenses typically amount to $1,800. About $50 of these expenses are work related. Her employer provid

es disability insurance coverage of $600 per month. How much individual disability insurance should Christine purchase?
Business
1 answer:
iVinArrow [24]2 years ago
3 0

Answer:

She should purchase a disability insurance if $1,150

Explanation:

To calculate the amount of individual disability insurance she should purchase, we use the mathematical equation below;

Required amount of disability insurance = Monthly income - work related expenses- Employer’s contribution

From the question

Monthly income = $1800

Work related expenses = $50

Employer’s contribution = $600

Substituting these values, we have;

1800-50-600 = $1,150

You might be interested in
Method A assumes simple interest over final fractional periods, while Method B assumes simple discount over final fractional per
Marina86 [1]

Answer:

The answer is "1.1"

Explanation:

In the case of a single Interest, the principal value is determined as follows:

\ I = Prt \\\ A = P + I\\A = P(1+rt) \\\\A = amount \\P= principle\\r = rate\\t= time

In case of discount:

D = Mrt \\P = M - D \\P = M(1-rt)\\\\Where,  D= discount \\M =\  Maturity  \ value \\

Let income amount = 100, time = 1.5 years, and rate =20 %.

Formula:

A = P(1+rt)  

A =P+I

by putting vale in the above formula we get the value that is = 76.92, thus method A will give 76.92  value.

If we calculate discount then the formula is:

P = M(1-rt)

M = 100  rate and time is same as above.

P = 100(1-0.2 \times 1.5) \\P = 100 \times \frac{70}{100} \\P = 70

Thus Method B will give the value that is 70  

calculating ratio value:

ratio = \frac{\ method\  A \ value} {\ method \ B \ value}\\\\\Rightarrow ratio = \frac{76.92}{70}\\\\\Rightarrow ratio = \frac{7692}{7000}\\\\\Rightarrow ratio = 1.098 \ \ \ \  or \ \ \ \  1.

4 0
2 years ago
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500.
Doss [256]

Answer:

Dep expense for the second year 7,600

Explanation:

\left[\begin{array}{ccccc}Year&Beginning&Dep-Expense&Acc. \: Dep&Ending\\0&-&-&-&47500\\1&47,500&9,500&9,500&38,000\\2&38,000&7,600&17,100&30,400\\\end{array}\right]

1/10 = straight-line method

straight-line x 2 = DD rate

47,500 x 2/10 = 9500

then we calculate the DD rate again with the book value

47,500-9,500 = 38,000

38,000 x 2/10 = 7,600

6 0
2 years ago
The Bharu Violin Corporation has the capacity to manufacture and sell 5,000 violins each year but is currently only manufacturin
meriva

Answer:

Financial advantage  $40,000

Explanation:

The relevant variable cost will be determined as follows

Unit variable cost = 130+20 = 150.

                                                                                               $

Sales from special order ( 200 × $350)=                       70,000

Variable cost ( 200× 150)=                                            (<u>30,000 )</u>

Financial advantage                                                      <u> 40,000</u>

Note that the fixed  manufacturing and selling costs were not included in the analysis, simply because they are not relevant. In other words,  whether or not the special order is accepted these fixed  costs of would be concurred either way.

Financial advantage  $40,000

8 0
2 years ago
Knowing she has sold 5,000 pairs, assume the company wants to launch a Black Friday promotion, where she would discount her shoe
jenyasd209 [6]

Revenue: $500,000

Shoes: $250,000

Shoe boxes: $1,000

Advertising: $500

Rent: $1,000

Depreciation: $25

Knowing she has sold 5,000 pairs, assume the company wants to launch a Black Friday promotion, where she would discount her shoes by 10%. How many more shoes would she have to sell to justify this promotion?

A. 25.13% more shoes

B. 20.08% more shoes

C. None of the above, but I could calculate this with the information I am given.

D. None of the above, I cannot calculate this with the information I am given.

Answer:

Option A. 25.13% more shoes

Explanation:

Cost Benefit analysis would be useful here to acknowledge what percentage of shoe sales is required to justify the promotion.

<u>The Benefit drawn before 10% promotion proposal:</u>

Revenue:                           $500,000

Shoes:                               ($250,000)

Shoe boxes:                         ($1,000)

Advertising:                           ($500)

Rent:                                     ($1,000)

Depreciation:                          ($25)

Profit                                    $247,475

<u>The Benefit drawn before 10% promotion proposal:</u>

Revenue:                           $450,000

Shoes:                               ($250,000)

Shoe boxes:                        ($1,000)

Advertising:                          ($500)

Rent:                                    ($1,000)

Depreciation:                         ($25)

Profit                                   $197,475

Now we can calculate how much additional sales must be required to justify the promotion.

Sales Increase Required = (Initial Profit - Before Promotion) / Profit After Promotion

Sales Increase Required = ($247,475  - $197,475) / $197,475

Sales Increase Required = 25.31% which is close to option 1, hence Option 1 is correct here.

3 0
2 years ago
Jeffries Roofing: In its proposals, Jeffries Roofing describes the materials to be used and the price. When a customer signs a b
Cerrena [4.2K]

Answer:TRUE

Explanation: A bid is a proposal made by a supplier or contractor to another Organisation who wants to the service or the product of the bidder. A bid is usually requested from different parties and it is contested by the bidders any successful bidder wins the Project or contract.

A bid that is signed by the automatically becomes binding and can be tendered in the court as a legal document.

7 0
2 years ago
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