not use ai please A company is considering two insurance plans with the following types of coverage and premiums:Plan A Plan BFire/TheftLiability$24000 $34000$164000 $137000Monthly Premium$75$57Premiums are sold in units. For example, one can buy one unit of plan A insurance for $75.00 per month and receive $24,000.00 in Theft/Fire insurance. Two units ofplan A insurance cost $150.00 per month and give $48,000.00 in Theft/Fire insurance. The company wants at least $788,000.00 in coverage for Theft/Fire insuranceand $4,050,000.00 in coverage for liability insurance.How many units of each plan should be purchased to meet the needs of the company while minimizing cost?The company should purchase ☐ ununits of plan A andWhat is the minimum monthly premium for the company?units of plan B.(Note: your answer is a dollar amount and should include a dollar symbol).

To solve this question, we'll set up and solve a system of linear inequalities based on the…

Answered: A company is considering two insurance…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

See similar textbooks

Similar questions

What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?
Night Shades Inc. (NSI) manufactures biotech sunglasses. These sunglasses sell for $150 each, and cost $70 each to produce. Night Shades Inc. has fixed costs of $100,000. a. Calculate Night Shades' Breakeven point. b. how much profit (loss) will Night Shades have if it sells 500 sunglasses? 4,000 sunglasses? c. Night Shades' manager expects an operating profit of $200.000. How many sunglasses must be sold to attain this profit?
A Cake company uses 4,629 quart bottles of Chocolate sauce each year. The sauce costs 5 per bottle and is served only in full bottles for food safety purposes. The company's inventory manager calculated that each time an order is placed, it costs 13 and holding costs are 20 percent of the purchase price. Once the order is placed, it takes 3 weeks for an order to arrive. The company works for 47 weeks per year. The company is considering to use the inventory system techniques which minimizes the inventory cost. Assume that both, lead time and customer demand are variable. Customer demand's standard deviation 27 units per week and standard deviation for lead time = 1. Find out the safety stock needed to achieve 95% customer service level. =
Jerry has been promoted to the position of regional sales manager for Marlin Enterprises. As a perk of the new position, Jerry has been offered the opportunity to enroll in a corporate travel club. Members of the travel club pay a fixed annual membership fee in exchange for, among other benefits, the club reimbursing some or all of their personal travel expenses. Jerry's estimate of potential travel expenses in the next year is shown in the table below. Travel expenses ($1000s) Probability 0 44.31% 1.71 22.00% 2.94 4.17 5.4 5.16% 6.63 3.09% 7.86 9.09 2.07% 1.41% 13.64% 8.32% Jerry is considering whether to enroll in the organization's travel club. There are three alternatives for Jerry to consider. Option 1: Full Travel Membership Annual membership fee of $2,925 and reimburses 100% of any travel expenses incurred Option 2: VIP Travel Membership Annual membership fee of $855 and reimburses the portion of travel expenses that exceed $2,525. (For example, if travel…
Red, Inc provides group term life insurance to all of its employees. Susan, a vice-president, received $200,000 of coverage for the year. The Uniform Premiums (based on Susan's age) are $ 15 per month for $1,000 o f protection How much of this must Susan include in gross income this year? O SO O $360.00 O $270.00 O $280.00
Formulate an IP that can be used to maximize Highland’s profit. How much more profit could be attained if Highland rented another 50 sq. ft. of floor space? How much should Highland be willing to pay for this extra footage? How much more profit could be attained if marketing changed their requirement so that only 40% of all appliances in stock be radios (keeping the floor space at 200 sq. ft.)? How much more profit could be attained if Highland was willing to have $3500 worth of capital tied-up (keeping the floor space at 200 sq. ft. and the marketing requirement at 40%)? How should Highland decide if it is worthwhile to increase this value?
1. In the Baltimore area a high-end Comcast cable package with HBO runs about $67 a month. What would be the yearly cost of the package?
The POS requires that the employee pay $43.01 per month to supplement the cost of the program with the company’s payment. If Ron uses health care providers within the plan, he pays the copayments as described above for the HMO with no annual deductible. He can also choose to use a health care provider out of the network and pay 30 percent of all charges after he pays a $630 deductible. The POS will pay for 70 percent of those covered visits. Ronald decided to review his medical bills from the previous year to see what costs he had incurred and to help him evaluate his choices. He visited his general physician three times during the year at a cost of $210 for each visit. He also spent $83 and $107 on two prescriptions during the year. Assume Ron visited a physician outside of the network plan but had his prescriptions filled at a network-approved pharmacy. If Ronald selects the POS plan, what will his annual medical costs be? (Do not round intermediate calculations. Round your…
A patient with a high-deductible consumer-driven health plan has met half of the $1,000 annual deductible before requiring surgery to repair a broken ankle while visiting a neighboring state. The out-of-network physician’s bill is $4,500. The PPO that takes effect after the deductible has been met is an 80-20 in-network plan and a 60-40 out-of-network plan. How much does the patient owe? How much should the PPO be billed?
Assume a sales volume of 6000 units, unit selling price of $20, unit variable cost of $12, and total fixed costs of $20000. What is the margin of safety in sales dollars? $50000 $120000 $70000 $25000
Imperial Jewelers manufactures and sells a gold bracelet for $408.00. The company’s accounting system says that the unit product cost for this bracelet is $259.00 as shown below: Direct materials $ 141 Direct labor 82 Manufacturing overhead 36 Unit product cost $ 259 The members of a wedding party have approached Imperial Jewelers about buying 29 of these gold bracelets for the discounted price of $368.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $12. Imperial Jewelers would also have to buy a special tool for $457 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $13.00 of the…
Reliable Furniture is a family business that has been selling to retail customers in the Oakville area for many years. It advertises extensively on radio and TV, emphasizing their its prices and easy credit terms. The owner would like to review the relationship between sales and the amount spent on advertising. Below is information on sales and advertising expense for the last four months. Ad Exp. Sales Rev. Month ($ in 000) ($ in 000) July 2 7 August 1 3 September 3 8 October 4 10 G-9 B continued Questions from G-9 e) Reproduce the excel output manually. f) Interpret the strength of the correlation coefficient. g) Determine the coefficient of determination. Interpret. h) Test the significance of the Coefficient of Correlation i) Test the significance of the slope coefficients of the regression equation.

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

SEE MORE TEXTBOOKS