Amy Lou Young purchased a health insurance policy with a $500 deductible and 40 percent coinsurance. If Amy Lou incurs $6,500 in covered medical expenses, her policy will pay
a. $2,400.
b. $3,600.
c. $3,900.
d. $6,000.
b
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Higher marginal income tax rates create an incentive for companies to underfund their pension plans.
Answer the following statement true (T) or false (F)
Which of the following statements is true about mass media?
A) Personal channels of communication are often called mass media. B) Television advertising is an example of mass media. C) Sales force is a communication channel included in mass media. D) B-to-B companies spend a higher percentage on mass media than consumer-product companies.
A total asset turnover ratio of 3.5 indicates that:
A. For every $1 in assets, the firm paid $3.50 in expenses during the period. B. For every $1 in assets, the firm earned gross profit of $3.50 during the period. C. For every $1 in sales, the firm acquired $3.50 in assets during the period. D. For every $1 in assets, the firm produced $3.50 in net sales during the period. E. For every $1 in assets, the firm earned $3.50 in net income.
If bonds are issued at 101.25, this means that:
A) a $1,000 bond sold for $101.25. B) the bonds sold at a discount. C) a $1,000 bond sold for $1,012.50. D) the bond rate of interest is 10.125% of the market rate of interest.