The opportunity cost of Frank is $9.
What is the opportunity cost?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory.
More precisely, it means you forfeit the chance to engage in a different activity if you choose one activity (for instance, an investment).
The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities.
For instance, if you purchase a car and use it just for personal transportation, you are not permitted to rent it out; yet, if you do, you are not permitted to use it for personal transportation.
The opportunity cost of 1 hour: $9
In 1 hour the worker is paid $9.
Therefore, the opportunity cost Frank is $9.
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a company purchased a delivery van for $23,000 with a salvage value of $3,000 on october 1, year 1. it has an estimated useful life of 5 years. using the straight-line method, how much depreciation expense should the company recognize on december 31, year 1?
On Oct. 1, year one, a company paid $23,000 for a delivery van with a recoverable amount of $3,000.
What exactly is salvage?to save products from harm or destruction, particularly from a boat which has sunk or have been damaged, or from a building that was effected by fire or flood: gold coins retrieved from a sunken ship.
Annual depreciation expense=(Cost-Salvage value)/Useful life
=(23000-3800)/4=$4800
Hence depreciation expense for December 31,year 1=$4800*4/12 [Period from September 1-December 31]
Is salvaging synonymous with being saved?To save goods from becoming damaged or destroyed, particularly from a sunk or damaged ship or a building damaged by fire or flood: Workers are trying to recoup timber in the aftereffects of a hurricans.
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what is the net present value (npv) of a project that requires a $100 investment today and returns $50 at the end of the first year and $80 at the end of the second year? assume the discount rate is 10%.
the net present value (npv) of a project $11.57.
What Is Net Present Value (NPV)?The difference between the present value of cash inflows and outflows over time is known as net present value (NPV). The profitability of a proposed investment or project is examined using NPV in capital budgeting and investment planning. In other words, it is the compound yearly return that an investor anticipates (or actually earns) throughout the course of an investment. For instance, if a security has a series of cash flows with an NPV of $50,000 and an investor purchases it for exactly $50,000, the investor's NPV is $0.
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Recruiting among the emerging work force (18 to 35 year olds) is a challenge for healthcare agencies. Marketing brochures should address the leadership and vision of the healthcare agency. Which of the following workplace environments will attract applicants in the emerging work force?
The workplace environment will attract applicants in the emerging workforce A nurturing and receptive environment. Thus the correct option is B.
What is Recruitment?Recruitment refers to the process of hiring new employees in the organization by inviting applicants based on teh job profile. This recruitment will be done by sourcing the candidate from various places like job portals, employee references, and so on.
According to the research of student nurses who are characteristic of this age group, they need leadership that promotes an open door policy with friendly behavior promoting team culture, and appraising each other.
Therefore, option B s appropriate.
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The complete question is Probably
Recruiting among the emerging workforce (18- to 35-year-olds) is a challenge for healthcare agencies. Marketing brochures should address the leadership and vision of the healthcare agency. Which of the following workplace environments will attract applicants in the emerging workforce?
a.
A highly professional environment
b.
A nurturing and receptive environment
c.
An environment highlighted by lots of meetings, so staff members can have lots of input
d.
A totally online environment, so staff members will not have to interface with uncaring colleagues
what are the four things paul told timothy the scriptures are profitable for? love correction encouragement instruction profit doctrine rebuke
Paul the Apostle explained how the Bible enriches our life. 16 All of the Bible's writings were inspired by God and are useful for teaching, reproof, correction, and instruction in righteousness. 17 that the man of God could be completely equipped for all good deeds and perfect.
Paul exhorted Timothy to concentrate on three spiritual goals of the ministry, namely food from God's Word, instruction in godliness, and a concentration on missions. Paul tells Timothy that the process of gaining nutrition from God's Word is a lifelong event.
Verse 16 informs us that it is beneficial for teaching, rebuking, correcting, and training in righteousness so that the man of God may be fully prepared for good deeds (verse 17). The entirety of Scripture is useful for developing God's people and equipping them for good deeds.
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Answer:
2 Tim. 4:2 and 5,
2 preach the word; be instant in season, out of season; reprove, rebuke, exhort with all longsuffering and doctrine.
...
5But watch thou in all things, endure afflictions, do the work of an evangelist, make full proof of thy ministry.
Explanation:
Just read the verce it says.
Brainlyest?
which of the following best describes the three fundamental economic questions? group of answer choices what to produce, how to produce, and for whom to produce. what time to produce, what place to produce, and how to produce. what to produce, when to produce, and where to produce. what to produce, when to produce, and for whom to produce.
What to produce, how to produce, and for whom to produce describes the three fundamental economic questions
The "For Whom to Produce question" is a major economic issue that is most closely tied to the problems of income inequality and poverty. Determining who the fouds should be created for is the difficult decision at the centre of this economic issue. The producer must choose whether the items they make are intended for the wealthy or the underprivileged. Any mechanism for distributing limited resources qualifies as an economic system. Economic systems provide answers to three big issues fundamental economic questions : what will be manufactured, how will it be manufactured, and how will society disperse the output it generates.
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which of the following statements is true about a swot analysis? group of answer choices it does not encompass the analysis of an organization's external environment. it essentially produces strategies that are incongruent with each other. it does not encompass functional-level strategies directed at improving the effectiveness of operations within a company. it is a methodology for choosing between competing business models. it essentially results in the generation of a single strategy that deals with one particular internal function of an organization.
The true statement about SWOT analysis is (E) "it is a method for selecting the top business model from a range of alternatives."
What is a SWOT analysis?A person or organization can use the SWOT analysis (also known as the SWOT matrix) to discover Strengths, Weaknesses, Opportunities, and Threats (SWOTs) relevant to business competition or project planning.
It is a way for determining the best business model out of several options.
Other names for it include situational analysis and situational evaluation.
The abbreviations TOWS and WOTS-UP also contain similar components.
The abbreviation SWOT stands for the four steps of a SWOT analysis: strengths, weaknesses, opportunities, and threats.
The main objective of a SWOT analysis is to raise awareness of the variables that influence business decisions or the formulation of business strategies.
Therefore, the true statement about SWOT analysis is (E) "it is a method for selecting the top business model from a range of alternatives."
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Correct question:
Which of the following statements is true about SWOT analysis?
a. It does not encompass the analysis of an organization's external environment.
b. It essentially results in the generation of one single strategy that deals with one particular internal function of
an organization.
c. It does not encompass functional-level strategies directed at improving the effectiveness of operations within a company.
d. It essentially produces strategies that are incongruent with each other.
e. It is a methodology for choosing between competing business models.
accrual accounting measures: multiple choice question. net income relative to timing of cash movement an entity's accomplishments and resource sacrifices during the period the difference between cash receipts and cash disbursements
Net income is the distinction between revenues and costs.
What is meant by accrual accounting?Accounting method used by businesses to record transactions that affect their financial accounts even when no money was exchanged during the periods in which the events occur. accrued costs. costs that have been incurred but not yet been paid in cash or documented.
According to the accounting approach known as accrual accounting, income is recognized when it is generated and realizable—not always when the money is actually received. In a similar vein, expenses are recorded when the corresponding revenue is rather than when the corresponding cash is received.
(a future prediction that is more precise) depicts the company's operational performance over time. Net income is the distinction between revenues and costs.
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5. name two activities technology has replaced that once were part of our daily lives. 6. what is the downside of technology in terms of our general physical fi tness? 7. defi ne aerobic capacity.
answer 5. two activities technology, Instead than going over to a friend's place, they exchange emails or texts. instead of playing outside, spending hours on social media chatting.
answer 6, Long lengths of time spent looking down at an electronic device can cause neck and back pain, as well as pain in the hands, wrists, and elbows. Additionally, whether using a laptop or a smartphone, users may be seated in ways that compromise their posture and performance.
Technology, or as it is sometimes referred to, the modification and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human existence. Technology is the means through which we put scientific knowledge to use. Along with devices (like computers). Although the majority of contemporary technology is electronic, this does not mean that all technology is.
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Each of these challenges represents a change to one of the factors in the business environment. Identify the factor by choosing the correct factor that makes up a business environment from the drop-down menu. a. More and more individuals are able to print sophisticated products such as business cards and brochures using their home computer.
The word 'business environment' indicates the aggregate total of all people, organizations and other forces that are outside the power of industry but that may affect its production.
What is sophisticated product?The process or result of becoming cultured, knowledgeable, or disillusioned. especially : cultivation, urbanity. 3. : the process or result of becoming more complex, developed, or subtle.
In terms of fashion and design, sophistication is more than an idea – it's the execution of a feeling: educated, experienced, worldly. These are all synonyms that apply to a simple definition of sophisticated design.
Sophisticated has a positive bias, so you can use that word to imply good things about your project.
Fabrics that portray a sophisticated image are of high quality (or at least appear to be), have a fine weave, a soft pliable hand(feel), little to minimal texture and are matte to a subtle sheen.
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a firm paid $370,000 for a machine with a useful life of 10 years, at which point they expect to sell it for $100,000. assuming they use time as their allocation basis and use double-declining balance depreciation, how much depreciation will they record in year 1?
Formula- Depreciation=2×SLDP×BV
where:
SLDP = Straight-line depreciation percent
BV = Book value at the beginning of the period
So,
SLDP= 7.30%
BV= 3,70,000$
Depreciation= 2*7.30*3,70,000 = 54,020.
Hence, they will record 54,020 depreciation under double-declining method in 1 year.
A depreciation example, what is it?Depreciation illustration - If a firm buys a delivery truck for Rs. 100,000 and expects to use it for 5 years, the business may depreciate the asset as a depreciation charge of Rs. 20,000 per year for the five years.
Depreciation? What do you mean?Definition: Due to usage, deterioration, or obsolescence, an asset's monetary value falls over time. Depreciation is used to measure this decline. Other factors, such as poor market conditions, etc., may also contribute to depreciation, or a decline in an asset's value.
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which hr role can create conflicts with line managers because of differences in opinion about how to manage employees?
Operational and employee advocate role can create conflicts with line managers because of differences in opinion about how to manage employees.
What do you know about employee advocate?
Employee Advocacy is a strategy that enables employees to share company-approved content on their personal social media accounts. Employee Advocacy programs help organizations build their brand, increase employee engagement and reach a larger, more diverse audience. By allowing employees to post about their work, companies can increase the number of brand impressions, website visits and conversions, and ultimately drive more revenue. Employee Advocacy also helps build trust with customers and strengthens relationships with partners. Employee Advocacy empowers employees to become brand ambassadors, while also providing a platform to communicate company values and mission to the greater public. This helps to build a positive company culture and increase employee morale.
So, The required answers are Operational and employee advocate role.
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in which of the following cases is the assumption most reasonable? a. to address the impact of money growth on inflation, an economist assumes that money is strictly coins. b. to estimate the speed at which a beach ball falls, a physicist assumes that it falls in a vacuum. c. to address the benefits of trade, an economist assumes that there are two people and two goods. d. to address the impact of taxes on income distribution, an economist assumes that everyone earns the same income.
Option (c), An economist's most logical premise when addressing the benefits of trade is that there are two persons and two things.
Is he the economist who asserted that both countries will benefit from commerce between them?Adam Smith addressed this popular belief in his 1776 book The Wealth of Nations. Smith argues that when one country is more proficient than another at producing a certain good while the other is more proficient at producing a different good, both countries stand to benefit from trade.
Which two points lend the most support to free trade?More efficiently produced goods and services are made feasible by it. This is because it encourages the production of goods and services in places where there is the best infrastructure, natural resource base, and human capital. It increases productivity, which over time could lead to greater results.
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A partial surrender is allowed in what type policy?Select one: a. Universal life b. Whole life c. Variable whole life d. Adjustable life
In a universal life insurance policy, a partial surrender is permitted. This reduces the cash value of the insurance policy and is not a loan.
Surrenders in Part. After the first anniversary of the policy, you may take a partial surrender by submitting a written request. There will be a fee for partial surrender. The Surrender Amount, Fees Included, Will Be Subtracted From the Policy Value. By the same amount, the face amount will be reduced.Your life insurance policy can be surrendered, but whether and how much (if any) will be refunded depends on a number of different factors. Older whole lifepolicies, as previously mentioned, typically have the highest cash surrender values, whereas newer whole lifeTo know more about insurance here-
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control risk is a) the probability that a material misstatement could not be prevented or detected by the entity's internal control policies and procedures. b) the probability that a material misstatement could occur and not be detected by auditors' procedures. c) the risk that auditors will not be able to complete the audit on a timely basis. d) the risk that auditors will not properly control the staff on the audit engagement.
Control risk is The probability that a material misstatement could be prevented or detected by the entity's internal control policies and procedures.
What is control risk?Control risk is the possibility of a major misstatement in a company's financial statements as a result of the absence of pertinent internal controls to mitigate a specific risk or the failure of the internal controls already in place. Control risk is the possibility of a material misstatement as a result of controls that fail to reduce a mistake. Control risk is an illustration of cybersecurity risk. By preventing financial risks that could negatively impact the bottom line, risk control helps the firm achieve its objectives and maximize earnings, which is why it is crucial for the health of an organization. It is an internal control method that places a focus on loss prevention as a form of loss control.The likelihood that a significant misstatement could be stopped or discovered by the entity's internal control rules and procedures is known as the control risk.
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which generation has changed communication in the modern workplace with their need for public recognition?
Generation Y, also known as the Millennial generation, is known for changing the way communication is done in the modern workplace with their need for public recognition.
Young people who were born between 1981 and 1996, known as millennials, have become accustomed to expecting instant feedback and credit for their efforts. They are more inclined to share their successes and solicit feedback from their peers, managers, and mentors through digital communication tools like instant messaging, social networking, and team collaboration platforms. They also prefer to be acknowledged publicly, whether through team meetings, letters sent to the entire organisation, or even on social media platforms, for their achievements. This change in communication practises has affected how businesses interact with their workforce as well as how management provide feedback and acknowledgement.
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What is an important part of email management? question 3 options: never deleting emails checking email just once a month subscribing to as many store emails as possible checking email every day
Effective email management requires (A) never throwing away an email.
What is email management?The systematic regulation of the number and quality of electronic messages sent and received inside an organization is known as email management.
Never discarding emails is a crucial component of effective email management.
Email management is crucial for a workplace to operate at its peak efficiency.
The number of emails exchanged daily rises along with the need for internet communication.
Establish a regular time to check your email and stick to it. You'll be more productive as a result and be able to maintain your inbox. Eliminate interruptions like email notifications that beep or flash up on your screen.
This will prevent you from continuously checking your messages and keep you focused on your tasks.
Therefore, effective email handling requires (A) never throwing away an email.
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Correct question:
What is an important part of email management? question 3 options:
a. never deleting emails
b. checking email just once a month
c. subscribing to as many store emails as possible
d. checking email every day
which of the following are characteristics of the bureaucratic approach to control? check all that apply. flat organization structure concern for employee compliance with rules a reliance on a rigid hierarchy emphasis on individual performance informal participation in decision making across levels and groups emphasis on meeting minimum acceptable levels of performance
Informal participation in decision making across levels and groups are characteristics of the bureaucratic approach to control
What Is Bureaucratic Control?To influence, monitor, and evaluate employee performance, formal systems of rules, positions, records, and awards are used in bureaucratic control. Rules lay out expectations for conduct and specify how things should be done. Roles define levels of authority and allocate responsibilities.
The system should include all factors that have a major impact on performance, standards should be objective, and it should be challenging to tamper with or misrepresent the data being tracked. A distinct hierarchy, specialization, a division of labor, and a system of written rules, or standard operating procedures, are the four main characteristics of bureaucracies.
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what is your opportunity cost of taking this course at berkeley college? how does the role of scarcity influence decisions that you have to make?
This thought of scarcity leads to the thinking of possibility cost. The chance fee of an motion is what you need to give up when you make that choice.
Another way to say this is: it is the cost of the next pleasant opportunity. Opportunity fee is a direct implication of scarcity.
What is an instance of possibility cost?A pupil spends three hours and $20 at the films the night time earlier than an exam. The chance price is time spent analyzing and that money to spend on something else.
A farmer chooses to plant wheat; the chance price is planting a exceptional crop, or an alternate use of the sources (land and farm equipment).
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which of the following statements regarding the circular-flow diagram is true? a. the factors of production are owned by households. b. if susan works for ibm and receives a paycheck, the transaction takes place in the market for goods and services. c. if ibm sells a computer, the transaction takes place in the market for factors of production. d. the factors of production are owned by firms. e. none of the above is true.
Households are the actual owners of the producing factors. b. If Susan is employed by IBM and receives payment, the exchange happens in the market for goods.
What is IBM known for?
Computers, servers, storage systems, and networking gear are just a few of the hardware and software items that IBM is renowned for. Additionally, it offers consulting, technological, and commercial services in areas like cloud computing, data analytics, and AI (AI). The creation of the first programmable computer, the first hard drive, and the first computer virus were all made possible because to IBM's research and development
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The invisible hand ensures that economic prosperity is distributed equally.a. Trueb. False
Economic success is dispersed fairly thanks to the invisible hand. It is true.
Economics is a branch of social science that studies how wealth is produced, distributed, and used. In the 19th century, economics was a pastime for affluent gentlemen and a profession for a select few academics. Economists wrote on economic policy, but politicians infrequently consulted them before making judgments. Nowadays, virtually any governments, international organizations, or major commercial banks do not have their own team of economists. Most economists work in various research or advisory roles, either for themselves (in economics consulting firms), in industry, or in government. While many economists in the world spend their time teaching economics in colleges and universities around the globe, the majority also work in various research or advisory roles.
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as a firm buys more capital and less labor, the marginal physical product of capital and the marginal physical product of labor , assuming the law of diminishing marginal returns has set in for each factor. group of answer choices increases; remains constant increases; increases remains constant; decreases decreases; decreases decreases; increases
According to the law of diminishing marginal productivity, productivity gains from subsequent units produced will only slightly increase from one unit to the next when a production factor is improved.
When the marginal product of labor exceeds the average product of labor, this indicates an increase in the average product of labor.Increasing one input while maintaining the level of other inputs is known as the law of diminishing returns in a production process. The marginal output diminishes with each additional unit of the increasing input.Because the first employees may choose to specialize in the jobs in which they are most skilled, the marginal product of labor rises as a result of this. After a certain amount of capital has been invested,To know more about marginal cost here
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A straightforward example of a . often used for simplicity, is the interest rate. price ceiling, financial investment rate of return price floor Which of the following will NOT result in a shift of the market supply curve for labor?a decrease in non-wage income an increase in the working-age population an increase in labor productivity an increase in immigration
The interest rate is a simple example of a. that is frequently used for simplicity. price floor, return on investment, and price ceiling An rise in worker productivity won't cause the labor market supply curve to change.
The interest rate is the amount of interest that is calculated as a percentage of the amount lent, deposited, or borrowed and is due each period. The principal, interest rate, frequency of compounding, and length of the loan, deposit, or borrowing are all factors that affect the final amount of interest charged on a sum lent or borrowed. The annual interest rate is the interest rate that is calculated over a year. The interest rate "measures the preference for a dollar of present income over a dollar of future revenue," according to one definition. The borrower is prepared to pay back the loan.
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Eton owns Fast Freight Company. He uses the firm's funds to pay his personal expenses, creates Go Trucking Inc. to engage in the same business, transfers Fast Freight's assets to Go Trucking, and petitions Fast Freight into bankruptcy. This most likely warrants a. a discharge for Fast Freight in bankruptcy. O b. a bonus to Eton for effectively eliminating the firm's debts. O c. the application of the doctrine of corporation by estoppel to Go Trucking. d. a pierce of the corporate veil.
The correct option is A. This most likely warrants a. a discharge for Fast Freight in bankruptcy.
A price is a cost that corporations incur in going for walks in their operations. expenses include wages, salaries, maintenance, rent, and depreciation. fees are deducted from revenue to reach profits. organizations are allowed to deduct sure charges from taxes to help alleviate the tax burden and bulk up income.
In line with the internal sales carrier (IRS), business fees are normal and vital fees incurred to operate your business. Examples consist of inventory, payroll, and lease. fixed costs are every day and don’t exchange a lot — such things as rent and coverage. Variable costs are predicted, however, they are able to alternate. some examples consist of income commissions, gasoline for business cars, and shipping fees. You anticipate variable fees each month, however, the real quantity will vary. tracking your commercial enterprise charges allows you to maintain an eye fixed on whether you’ll see earnings or losses.
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a video production firm plans to hire a new creative director. several applicants have the necessary technical skills. the hiring manager is now viewing the digital portfolios submitted by the applicants to determine which one should be offered an in-person interview for the creative director role. this is a:
The hiring manager is now viewing the digital portfolios submitted by the applicants to determine which one should be offered an in-person interview for the creative director role. this is Nonprogrammed Decision .
What is nonprogrammed decision?
A choice that deviates from a predetermined process and whose criteria are not clearly established is referred to as a nonprogrammed decision.
An unprogrammed choice mostly consists of: The majority of the time, the information on which a choice is made is fuzzy or partial.
What are decisions that are and are not programmed?
Programmed decisions deal with issues that are often commonplace. They are repetitious and structured.
Non-programmed decisions are those that are ill-defined, non-repetitive, and concerned with special decisions and exceptional difficulties. Managers must think outside the box to find answers for non-programmable decisions since there are none.
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on january 1, year 1, warren co. purchased a $600,000 machine, with a five-year useful life and no salvage value. the machine was depreciated by an accelerated method for book and tax purposes. the machine's carrying amount was $240,000 on december 31, year 2. on january 1, year 3, warren changed retroactively to the straight-line method for financial statement purposes. warren can justify the change. warren's income tax rate is 30%. in its year 3 income statement, what amount should warren report as a prior period adjustment as result of this change?
Warren should include $0 in his report as the total impact of this adjustment. A change in the depreciation method is a technique change that cannot be distinguished from a change in the estimate and is recorded as such.
Briefing:-In the current year and subsequent years, the change is reported prospectively. On the income statement, a change in the depreciation method is no longer treated as having a cumulative effect.
Which of the following qualifies as a modification of accounting principles?The right response is to switch inventory valuation from average cost to FIFO. A change in accounting policy is regarded as changing the method used to value inventories.
What among the following would be a change in accounting principle's indirect effect?(a) If possible, the impacts of deferred taxes, which are a direct result of the change in accounting principle, should be reported in the period that is presented the earliest. Profit sharing and royalties are examples of indirect effects that need to be recorded throughout the transition.
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true or false: at the end of 2019, the government of debtenburg will exceed the legal limit on how much it can borrow.
Debtenburg has not yet surpassed its borrowing limit, although being approaching to the $248 billion debt limitation. This claim is untrue as a result. The debt ceiling is the amount that Debtenburg is legally permitted to borrow. The national debt will expand even further in 2019 as a result of the increase in interest rates.
The government has ambitious objectives to make sure that everyone can contribute in accordance with their skills and that the Netherlands is sustainably affluent for both the present and future generations. It envisions a society where the government is dependable, just, service-oriented, close to the people, and encourages collaboration among its citizens. The aim is to create a nation that provides socioeconomic security for everyone and the chance for personal and societal advancement.
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the larger the share of a good in a consumer's budget, holding everything else constant, the
more price elastic is a consumer's demand.
the share of a good in a consumer's budget does not affect price elasticity of demand.
more price inelastic is a consumer's demand.
more unit elastic is a consumer's demand.
The larger the share of a good in a consumer's budget, holding everything else constant, the more price elastic is a consumer's demand.
The larger the share of the good in the consumer's budget holding everything else constant the more price elastic is its demand. It is because a larger portion of income is allocated to that good, a small change in the price of that consumption basket will lead to greater changes in the quantity demanded of that basket.
Price elasticity quantifies how responsively a good's supply and demand are to changes in price. It is calculated by dividing by the percentage change in price the percentage change in quantity demanded—or delivered.
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The extension of coverage under the Commercial Fine Arts Floater includes coverage for newly acquired property for a maximum of... A. $10,000. B. $15,000
Option A is correct. Commercial Fine Arts Floater extended coverage includes coverage for new purchases up to $10,000.
Floater insurance is a type of insurance that covers easily movable property and provides additional coverage not provided by regular insurance. Also known as a “personal floater,” it can cover everything from jewelry and furs to expensive stereo equipment.
Home insurance often does not fully cover some items. Adding a floater policy assures homeowners that their property will be fully restored in value in the event of theft, loss, or damage. These policies are usually for a single item. So if you have multiple items that you want fully covered, you will need to purchase a floater for each.
Standard homeowners insurance covers all risks (fire, storm, theft, vandalism, etc.) included in insurance for jewelry and other valuables such as watches and furs. However, some valuables have restrictions.
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excluding burial vault and cemetery costs, what was the average cost of an adult funeral in the u.s. in 2016?
Excluding burial vault and cemetery costs, what was the average cost of an adult funeral in the U.S. in 2016 is $2,220.
By typical cost, what do you mean?In economics, average cost or unit cost is determined by dividing the total cost (TC) by the quantity of a good produced (the output Q): How businesses decide to price their commodities is strongly influenced by average cost.
What are company costs typically?Average cost is calculated by dividing the total cost of production by the volume of output produced. This figure is also referred to as the unit cost or average total cost. Simply put, it calculates how much a company must spend on each unit or item of output generated.
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which of the following would provide a reimbursement of some premiums when a long-term care policy is canceled?
return of premium rider
Return of premium rider would provide a reimbursement of some premiums when a long-term care policy is canceled.
If the policyholder does not pass away within the specified term, a return of premium rider entitles the policyholder to a refund of the premiums paid. The net cost to the policyholder is virtually zeroed out as a result. Return of premium life insurance is another name for a policy that includes a return of premium clause.
Premiums paid for long-term care insurance are refunded. Return of Premium refers to a policy where, if no other insurance benefits are used, you receive your money returned in full or in part. Because you are promised a benefit either way, return of premium insurance cost more than normal policies.
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