The single risk premium is calculated by finding the present value of each $500 claim to be paid over the next 25 years at a 4% annual interest rate and summing these values.
Explanation:To calculate the single risk premium to be charged today on an insurance product that pays regular claims of $500 for each of the next 25 years at an interest rate of 4% per annum, we need to calculate the present value of each of those payments and then sum them up. This can be done using the present value formula for each individual payment:
Present Value (PV) = Payment / (1 + r)^t
Where 'r' is the interest rate (4% or 0.04 in decimal form) and 't' is the number of years until the payment is made.
To calculate the sum:
The total of these present values will be the amount of the risk premium that should be charged today to cover the claims.
Communicating with people you know or meet to share information or advice about a job defines _____.
Answer: D
Explanation:
Which phrase defines “consumerism” best?
how ideas or things (e.g., inventions) are used and interpreted by people
the concept that a high rate of consumption and spending are the basis for a sound economy
a class or category of artistic endeavor having a particular form, content, or technique
the mental process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion
Answer;
-The concept that a high rate of consumption and spending are the basis for a sound economy.
Explanation;
-Consumerism is the theory that a country that consumes goods and services in large quantities will be better off economically.
-Consumerism is credited with a movement towards consumer protection that promotes improvement in safety standards and truthful packaging and advertisement. It also seeks to enforce laws against unfair trade practices and truthful product guarantees.
The price of ice cream increases. In 1 or 2 sentences, explain how and why this affects the quantity of ice cream cones demanded by consumers.
Each consumer has different tastes and preferences, so each has a different utility when consuming a product. This mirrors the price at which each consumer is willing to pay. Some who like ice cream tend to pay a higher price, others do not. That way, if ice cream rises in price, some people who previously demanded ice cream will stop buying. Only consumers who value ice cream will pay a higher price. Therefore, demand is lower after the price increase.
Why is employee turnover a problem for a business?
Answer: Employee turnover is a problem for business because of the cost in employing and training new employees. It also causes problem to the business’s name and productivity.
Explanation:
Employee turnover is known to be number of employees that exit a company which might be as a result of retirement or otherwise and the numbers of those that are being employed in order to replace them. There are involuntary and voluntary employees turnover. Voluntary turnover happen when employees resign from an organization and involuntary turnover happen when employees are told by employers to leave the organization. Hence, employee turnover is a problem for business because of the cost in employing and training new employees and it also causes problem to the business’s name and productivity.
GoGo Gas and Fab Fuel are among the few large producers of gasoline in the country. Along with other large producers, they have formed a formal organization to control the output and price of gasoline in that country. What is such an organization called?
Answer:
D.
cartel
Explanation:
cartel—a formal organization of companies that collectively coordinates production and price
Suppliers will keep raising prices in a certain market as long as _____.
Answer: When the excess demand and the quantity demand exceeded the quantity supply
Explanation:
The supplier keep rising the product and the services prices in the market as long as the quantity and the excess demand exceed the supply quantity. The excess supply is the type of situation where the market process are above to the equilibrium prices.
The excess demand of the services and the product happens when the amount provided surpasses the amount requested; surpluses happen when the cost is over the balance cost. The real measure of a decent or administration makers are happy to sell at some particular cost.
Roberta's monthly bank statement says that she has a balance of 386.29, but Roberta's check register says that her balance is 370.77. Which of the following are still outstanding? I. A $78.17 check to the electric company II. A $16.15 deposit from Roberta's roommate III. A $22.67 check to the grocery store IV. A $62.65 deposit from Roberta's tax return a. I and II b. II and III c. II and IV d. I and IV
Answer:
option d. 1 & 4
Explanation:
Roberta's account balance as per bank statement = $386.29
Her account balance as per her check register = $370.77
The difference of balance = 386.29 - 370.77
= $15.52
Some transactions are still pending for bank. there are 4 options.
1. A check to electric company = $78.17
2. A deposit from her roommate = $16.15
3. A check to grocery store = $22.67
4. A deposit from tax return = $62.65
After seeing all options, one deposit and one check is pending. Deposit value must be $15.52 less than the check amount.
The difference between option 1 & 4 = 78.17 - 62.65 = $15.52
Option d. 1 & 4 is the answer.
The outstanding transaction seems to be Option II: A $16.15 deposit from Roberta's roommate. This is because it is the only transaction that brings the balance from Roberta's check register to match her bank statement.
Explanation:By comparing the two balances given, we can determine that the difference between them is $15.52. When considering the four options, it seems that Option II: A $16.15 deposit from Roberta's roommate is the closest. This suggests that Roberta's roommate's deposit has not yet posted to her account, as the bank does not yet recognize this amount. So, Roberta's bank statement and her check register would align after this deposit posts.
The options involving checks to the electric company or grocery store, or the deposit from the tax return, could not be outstanding given that their values do not match the difference between the bank statement and check register balances.
Learn more about Bank Statements and Balances here:https://brainly.com/question/32199782
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One result of market economies are companies which compete with each other.
True or False?
ANSWER: TRUE
EXPLANATION: The sentence is true that the result of market economies are companies competing with each other. In a market, if there are no competitions between companies, then the market can not be termed as healthy.
The competition between the companies create ups and downs in the market and simultaneously create demand for a particular product or service. The rival companies try to create a better product or service by innovation and try to grab more consumers at better pricing. These exercises create rotation of money in the market thus making better economies of the market as well as of the country.
Which tone would be most appropriate for a cover letter to accompany your resumé? friendly, but business-like casual and sincere humorous and playful scholarly and impressive
A - Friendly but business like
Samantha has a loan with an interest rate of 6.67 percent now, but the rate could increase 2 percent next year. What lending term best describes this loan?
1)finance charges
2)fixed rate loan
3)APR
3)variable rate loan
Answer: 3 Variable Rate Loan.
The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.
What is an example of a federal government regulation that influences disease prevention by deterring tobacco use?
Flavors being added to tobacco products
Laws against selling tobacco products to minors
No smoking areas in restaurants and hotels
Stores that decline to sell any tobacco products
Answer: Laws against selling tobacco products to minors
Explanation:
A federal government can control tobacco use by enforcing law that prevent the selling of tobacco to minors.
Other options are not valid as flavors being added will induce more use of tobacco. No smoking areas in restaurants and hotels is not a government regulation.
So, the only possible option of a government regulation can be binding law against tobacco selling.