While travelling to Dammam, you involved in a car accident. Your maximum out-of-pocket is SR15, 000. In your health insurance policy stated the following clause on coinsurance and deductible. Calendar year Deductible is equivalent to SR5, 000 and Coinsurance is 25%. The total damage is SR50,000. Calculate: 1. deductible 2. coinsurance 3. out of pocket amount .
Answers
To calculate the deductible, coinsurance, and out-of-pocket amount in this scenario, the calculations can be done. In this car accident scenario, the calculations would be as follows:
Deductible: SR5,000
Coinsurance: SR11,250
Out-of-pocket amount: SR16,250
The deductible is the amount that you are responsible for paying before the insurance coverage kicks in. In this case, the calendar year deductible is equivalent to SR5,000. Since the total damage is SR50,000, which exceeds the deductible, the deductible amount is SR5,000.
Coinsurance is the percentage of the covered expenses that you are responsible for paying after meeting the deductible. In this case, the coinsurance is 25%. To calculate the coinsurance amount, we'll subtract the deductible from the total damage and multiply it by the coinsurance percentage:
Coinsurance amount = (Total damage - Deductible) * Coinsurance percentage
= (SR50,000 - SR5,000) * 0.25
= SR11,250
The out-of-pocket amount is the total amount you will have to pay, including the deductible and coinsurance. To calculate it, we'll add the deductible and coinsurance amount:
Out-of-pocket amount = Deductible + Coinsurance amount
= SR5,000 + SR11,250
= SR16,250
Therefore, in this car accident scenario, the calculations would be as follows:
Deductible: SR5,000
Coinsurance: SR11,250
Out-of-pocket amount: SR16,250
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Related Questions
alessa is the new hr manager at turner times. she meets with the company's leaders to discuss how she intends to support business objectives. alessa tells them that turner times has a performance management process that delivers reliable performance ratings, but it needs to be more strategic. which action would best make performance management more strategic?
Answers
Alessa can make performance management more strategic by aligning individual goals with the company's overall objectives, incorporating regular feedback and coaching, and using data to inform decision-making and drive improvement.
In order to guarantee that workers are working towards the same aims and objectives as the firm, individual goals should be in line with the latter. This will promote the accomplishment of the latter. By giving employees a clear knowledge of how their job contributes to the success of the firm, this alignment also helps to enhance employee engagement and motivation. For successful performance management, regular coaching and feedback must be included. Employees may better understand their strengths and areas for growth with frequent feedback, while coaching gives them the direction and support they need to advance their careers. This strategy also enables managers to spot potential performance-related concerns and take the necessary steps to rectify them.
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your 401-k plans offers a bond mutual fund that invests in government sponsored entities or gses (such as fannie mae). in view of the fact that gses effectively went bankrupt and were taken over by the us government, these means that the bonds issued by these gses: group of answer choices would have a bbb investment grade rating are very risky would be considered junk bonds would be implicitly backed by the us government, and a very safe investment
Answers
The bonds issued by government sponsored entities (GSEs) such as Fannie Mae, may have been affected by the fact that these entities were taken over by the US government.
However, it is important to note that the bond mutual fund offered by your 401-k plan invests in GSEs that are implicitly backed by the US government, making them a very safe investment.
Therefore, the bonds issued by these GSEs would be considered investment grade and not risky or junk bonds.
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determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent.
Answers
The present value of the investment is $5,658.29.
The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.
Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62
Present value of year 2 cash flows=$3000 / 1.04² = $2,773.67
Sum of the discounted cash flows = $2,773.67 + $2,884.62 = $5,658.29
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18. Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.19. Which is larger, the income effect or the substitution effect
Answers
In risk management what does risk evaluation involve?
A) risk management planning
B) risk resolution
C) risk prioritizing
D) risk monitoring
Answers
Answer:
C
Explanation:
PLATOOOOOOOOOOOOOOOOOOOOO
what is business negotiation
Answers
Answer:
A Business Negotiation is a process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an Agreement to settle a matter of mutual concern, resolve a conflict and exchange value.
Explanation:
hope it helps ^^
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
Nolan Company's cash account shows a $29,833 debit balance and its bank statement shows $30,002 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,426. The June 30 bank statement lists $28 in bank service charges; the company has not yet recorded the cost of these services. In reviewing the bank statement, a $40 check written by the company was mistakenly recorded in the company's books as $49. June 30 cash receipts of $2,261 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. The bank statement included a $23 credit for interest earned on the company's cash in the bank. The company has not yet recorded interest earned. Prepare a bank reconciliation using the above information.
Answers
Answer:
cash account balance= $29,833
- bank service charges = ($28)
error in recording check = $9
interests earned = $23
reconciled cash account = $29,837
bank account balance = $30,002
- outstanding checks = ($2,426)
deposits in transit = $2,261
reconciled bank account = $29,837
Both reconciled accounts match, so we did it correctly.
How do gender stereotypes affect leadership perception and
organizational goals?
Answers
Gender stereotypes can have significant impacts on leadership perceptions and organizational goals.
First, gender stereotypes limit opportunities for women and minorities to hold leadership positions. People assume that men are better leaders, so women often get passed over for promotions. Second, stereotypes can impact how people perceive the effectiveness of leaders. Women, for example, are often seen as less competent than men, even when they perform at the same level. This can negatively affect how people respond to their leadership style.Third, gender stereotypes can limit organizational goals by creating a homogenous workforce. Companies that don't prioritize diversity and inclusion may struggle to attract a wide range of candidates.
This can prevent organizations from achieving goals like innovation and growth. Ultimately, gender stereotypes can limit potential and negatively impact organizations.
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f a company is to respond successfully to change, it must be able to _____ and _____, which is known as the _____ approach.
Answers
Answer: create ideas; implement ideas; ambidextrous
Explanation:
If a company is to respond successfully to change, it must be able to create ideas and then implement the ideas that have been created which is known as the ambidextrous approach.
The constant thing in every sphere of life is change and every individual and firm should always be ready when the change comes.
How does social distancing and stay-at home measures change our buying behavior(s)?
Answers
Answer:
we have to socal distance and then we get annoyed and upset when someone gets in our space
Which of the following is least likely to help you choose an academic major? A. your guidance counselor B. An intership C. An intrest invitory D. The measure your friend chooses
Answers
The following has the lowest likelihood of assisting you in selecting an academic major is your friend's choice of action. Therefore, choice (D) is the appropriate one.
The academic major to which a first-year student formally commits is called their major. An undergraduate degree is awarded to students who successfully complete all of the major-required courses. When referring to the academic field undertaken by a graduate student or postgraduate student in a master's or doctorate assisting program, the term major (also known as concentration, particularly at private colleges) is occasionally used administratively.
Completing a mix of mandatory and optional courses in the subject of choice is often necessary to declare a major. From program to program, a student's freedom to select courses varies.
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Answer:
D. The major your friend chooses
Explanation:
Banks notes during the 1800's
A. fiat money
B. representative money
C. commodity money
D. digital currency
Answers
For the following situations, decide whether this is
an example of an informal or formal trade barrier.
A. Law requiring that stores be closed on Sunday
b. Beliefs about not eating certain foods
c. Special tax on the sale of books
d. Required nutritional information on food
packaging
e. Hiring family members when jobs are available
in an organization
Answers
A=formal trade
B= informal trade
C= formal trade
D= informal trade
E= informal trade
Trade is basically the activities of buying and selling of goods both locally and internationally.
Formal trade barrier refers to factors which affect trading activities negatively and are indeed legal. Such barriers include import duties, taxes etc Informal trade barrier refers to factors which affect trading activities negatively but not from government and they includes transport costs, cumbersome customs practices, regulations, corruption etcThe decision on whether the trade barrier are formal or informal are as follow:
The Law is an example of Formal trade barrier. Various belief like this is an example of Informal trade barrier.The special tax imposed on books is an example of Formal trade barrier.The required nutritional information is an example of Formal trade barrier. Hiring of family members is an example of Informal trade barrier.Lear more about Trade barrier here
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Need asap
Submit your essay on what's next for digital video in the future.
Answers
Answer:
I feel that this will all change because of all the emerging technology that is evolving in just 2018 and is still evolving today. I think that all of the desktops will become more portable an have more features while the common laptop will do the same also there will be even fewer people going out to shop at malls or clothing stores (because of online shopping) which means these local businesses will not be able to pay the rent or they will have to cut down on employment or even lower the hourly wage. This combined will snowball and be even worse by the future
Explanation:
I hope I've done a good answer, have a good day :)
you explain that when payroll software determines which employees should receive overtime based on hours worked, it is a result of a(n) operation.
Answers
The operation in question is typically a mathematical calculation that determines which employees have worked more than the standard number of hours in a given period, and are therefore eligible for overtime pay.
This calculation can be performed automatically by payroll software, which uses data entered by managers or supervisors to determine which employees have met the criteria for overtime.
The software may also factor in other variables, such as the employee's pay rate and the type of work they perform, to ensure that overtime pay is calculated accurately.
Ultimately, the operation is designed to help employers stay in compliance with labor laws while ensuring that employees are compensated fairly for their time and effort.
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An example of a real asset is:
I. A college education
II. Customer goodwill
III. A patent
a. I only
b. II only
c. I and III only
d. I, II, and III
Answers
Example of a real asset is A college education, Customer goodwill , A patent: D. I, II, and III.
Real asset is an asset that has a physical form and has a value that can be deduced from it. It can be palpable, similar as land, structures, or outfit, or impalpable, similar as stocks, bonds, or intellectual property. Real means are considered to be more dependable investments than fiscal means, similar as cash or stocks, because they're less unpredictable and more resistant to affectation. Real means also give a barricade against currency oscillations. exemplifications of real means include real estate, gold, art, collectibles, and goods. Real means are seductive investments because they can induce income and appreciate in value over time. Real means also give a palpable store of value that can be used in times of fiscal torture.
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Fara hires Gil, a real estate broker, to act as her agent to sell her land for $150,000. Before the land is sold at the stated price, oil is discovered beneath it, causing its market value to increase considerably. The agreement between Fara and Gil is likely
Answers
The agreement between Fara and Gil, where Gil is hired as Fara's agent to sell her land for $150,000, is likely a fixed-price agreement.
In a fixed-price agreement, the price of the property is predetermined and remains unchanged regardless of any changes in market conditions or value.
Therefore, in this scenario, even though the market value of the land has increased considerably due to the discovery of oil beneath it, the agreed-upon price of $150,000 remains unchanged.
As a result, Fara would still be obligated to sell the land to the buyer at the agreed price, and Gil would be entitled to the agreed commission for facilitating the sale. This type of agreement does not take into account any subsequent changes in market conditions or unforeseen events that may affect the property's value.
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The total cost c, in dollars, that a shop charges to print t-shirts is c = 45 + 7n, where n is the number of t-shirts ordered. Coach dell paid $206 to order t-shirts for the track team. How many t-shirts did coach dell order?.
Answers
The number of shirts that coach Dell ordered was 23 , by assuming n as number of shirts in given equation.
By cost, what do you mean?A cost is the value of money used to manufacture an item or offer a service but which is now unavailable for use in manufacturing, research, retail, or accounting. When calculating an acquisition cost, the sum of the acquisition's costs is taken into account.
What do you mean by cost?Cost is the sum of money that a company spends to manufacture or produce goods or services. The profit margin markup is not included. Cost, as perceived from the seller's perspective, is the total amount of money used to create a good or product.
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QUESTION 22 What is one cost of avoiding insurance? A. falling into debt if faced with a serious problem B. not benefitting from insurance deductibles C. not being able to purchase a car or home D. facing increased probability of accidents
Answers
Answer:
A. falling into debt if faced with a serious problem
Emily and Jo, parents of two of your classmates, are starting a business that will provide packing, cleaning, and hauling services to college students. You have been hired as a consultant to help them select from among five generic types of competitive strategy to pursue as their company enters the marketplace. What are the five generic types of competitive strategy?
Answers
The five generic types of competitive strategy are:
low-cost provider, broad differentiation, focused low-cost, focused differentiation, and best-cost provider
A business would set out to become the low cost provider in the market. While trying to achieve this, they have to exploit all sources of cost to their own gain.
Broad differentiation means the uniqueness that the business would provide in the market that is different from what is offered by the competitors.
Focus has to do with channeling the attention of the business to a particular or narrow scope that would be beneficial to the consumers.
Focus also has to do with targeting a particular group to render services or provide your services to.
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what is the process of decision-making plan?
Answers
The process of decision-making plan refers to the process that involves making and evaluating each set of interrelated decisions.
What is decision making plan?Decision making plan is when different possible solutions to problems are identified whilst making use of the most feasible course of action.
The decision-making process is essential for any organization hence helps in choosing the best decision to reach the objectives and goals.
Steps to the process of decision-making plan includes :
Identify the decision.Gather relevant information.Identify the alternatives.Analysis of relevant information.Selection of the best alternative.Performance evaluation.Learn more about decision-making plan here : https://brainly.com/question/17622567
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. The company's leading salesperson, Peter Austin, is preparing the approach he will use during his first sales call with the CEO of Diamonite, a company that specializes in designing, manufacturing, and installing aircraft interiors for executives and heads of state.
Austin would use creative imagery to: __________
a. develop dramatic visual aids.
b. encourage two-way communication.
c. cope with pre-call stress.
d. establish seller empathy.
e. create synergy with the prospect.
Answers
Austin would use creative imagery to cope with pre-call stress.
Imaginary is a term that refers to thoughts that only exist in the imagination. Imagination is the process that allows the human to manipulate information generated internally in the brain to create a representation in the mind.
Imagination is related to creativity, that is, creating new ideas on any subject. Okay so Austin is using creative images to organize his ideas and express himself well with the Diamonite CEO.
According to the above, the correct answer is C. Cope with pre-call stress.
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A trader sold a covered call that is nearing expiration and is in the money. If the trader is happy to let the stock go, what should she do?
Roll the call.
Nothing. Let the call be assigned.
Buy back the call contract.
Sell the stock. - Incorrect
Answers
If a trader sold a covered call that is nearing expiration and is in the money and is happy to let the stock go, then the trader should let the call be assigned. When a call option is in the money, the buyer of the call has the right to purchase the underlying stock at the strike price.
As the seller of the call, if the trader is happy to let the stock be sold at the strike price, they can allow the call option to be exercised or assigned to the buyer, and the trader will sell the underlying shares at the agreed-upon strike price.
Alternatively, the trader could choose to roll the call by buying back the current call option and selling another call option with a later expiration date and a higher strike price. This strategy can be used to extend the time horizon of the trade and potentially generate more premium income.
However, if the trader is happy to let the stock be sold, there may be no need to roll the call. Rolling the call would only make sense if the trader wants to continue holding the stock and generating premium income from selling call options.
Therefore, the best option in this scenario would be to let the call be assigned if the trader is happy to let the stock go.
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What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answers
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
Cleveland Cove Enterprises is evaluating the purchase of an elaborate hydraulic lift system for all of its locations to use for the boats brought in for repair. The company has narrowed their choices down to two: the B14 Model and the F54 Model. Financial data about the two choices follows. Investment Useful life (years) Estimated annual net cash inflows for useful life Residual value Depreciation method Required rate of return B14 Model $340,000 10 $70,000 $20,000 Straight – line 14% F54 Model $250,000 10 $30,000 $17,000 Straight-line 12% What is the net present value of the B14 Model? O A. $19,720 negative O B. $75,026 negative OC. $30,520 positive OD. $370,520 positive
Answers
The net present value (NPV) of the B14 Model is approximately $27,037.18 positive.
To calculate the net present value (NPV) of the B14 Model, we need to discount the estimated annual net cash inflows and the residual value to their present values and subtract the initial investment. The NPV formula is as follows:
NPV = -Initial Investment + Present Value of Net Cash Inflows + Present Value of Residual Value
To calculate the NPV of the B14 Model step by step:
1: Calculate the present value of net cash inflows:
Net Cash Inflows = Estimated annual net cash inflows for the useful life
Useful Life = 10 years
Required Rate of Return = 14%
By applying the formula for the present value of a series of cash flows, we can calculate the present value of the net cash inflows.
Present Value of Net Cash Inflows = Net Cash Inflows * (1 - (1 + Required Rate of Return)^-Useful Life) / Required Rate of Return
Present Value of Net Cash Inflows = $70,000 * (1 - (1 + 0.14)^-10) / 0.14
Present Value of Net Cash Inflows ≈ $362,616.32
2: To calculate the present value of the residual value:
Residual Value = $20,000
Required Rate of Return = 14%
Utilizing the formula for calculating the present value of a single cash flow, we can determine the present value of the residual value.
Present Value of Residual Value = Residual Value / (1 + Required Rate of Return)^Useful Life
Present Value of Residual Value = $20,000 / (1 + 0.14)^10
Present Value of Residual Value ≈ $4,420.86
3: Calculate the NPV:
Initial Investment = $340,000
NPV = -Initial Investment + Present Value of Net Cash Inflows + Present Value of Residual Value
NPV = -$340,000 + $362,616.32 + $4,420.86
NPV ≈ $27,037.18
Therefore, the net present value (NPV) of the B14 Model is approximately $27,037.18 positive.
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how can a police department determine what knowledge, skills, and abilities (ksas) they want in a person they are interested in hiring?
Answers
The legal expertise of the police department is evaluated, including its understanding of judicial processes and governmental rules. understanding of security and public safety. that keep individuals safe.
What character traits might be crucial for prospective police officers?Police officer characteristics and competencies include Exercise, critical thinking, good judgment, problem-solving abilities, and communication abilities, interpersonal abilities, moral integrity, and an ethical sense.
What are the four criteria that police employ when deciding whether to use force?The justification and reasonableness of force, officer training in the use of force, departmental culpability in the use of force, the reasons why certain officers are reluctant to use deadly force, and how hesitation to use deadly force may be addressed, are some of these variables.
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how do you do income statement
Answers
To prepare an income statement, you will need to generate a trial balance report, calculate your revenue, determine the cost of goods sold, calculate the gross margin, include operating expenses, calculate your income, include income taxes, calculate net income and lastly finalize your income statement with business details and the reporting period.
If you can't find the time to make one from scratch, there are templates that can be used to help.
gross margin : the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides.
net income : net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses.
If the planned budget revenue for 5,000 units is $120,000, the flexible budget revenue for 4,500 units is ______.
Answers
Based on the planned budget revenue, the flexible budget revenue for 4,500 units will be $108,000.
What is the flexible budget revenue?First find the selling price under the planned budget:
= 120,000 / 5,000
= $24
The flexible budget revenue will be:
= 24 x 4,500 units
= $108,000
In conclusion, the flexible budget revenue is $108,000.
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or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answers
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum