How much reimbursement is he entitled to

Assignment Help Financial Management
Reference no: EM131521138

Mr. Alston Jacan is covered under a group health insurance policy administered by his employers Nigeria Steel, Inc. This policy has an annual deductible of $8,000 and a coinsurance of 80%. Mr. Jacan presented medical bills on two occasions. The first bill in the sum of $7,000, how much reimbursement is he entitled to? He later submitted further medical bills amounting to $55,000, how much reimbursement is he entitled to?

Explain the decisions taken.

Reference no: EM131521138

Questions Cloud

International marketing than domestic marketing : Define strategic planning. How is strategic planning different for international marketing than domestic marketing?
Calculate the number of exposure units required : Calculate the number of exposure units required to guarantee a 0.1 %
Prepare gross profit section of a partial income statement : Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion.
Own business and is considering an investment : Marian Plunket owns her own business and is considering an investment. What is the NPV of this opportunity if the interest rate is 10% per? year?
How much reimbursement is he entitled to : Mr. Alston Jacan is covered under a group health insurance policy administered by his employers Nigeria Steel, Inc. how much reimbursement is he entitled to?
The classic concept of beauty : How does the artist use the drapery to add meaning and realism, and anything else?How does this sculpture conform to the Classic concept of beauty?
Calculate the absolute value of the price elasticity : In response to a price increase from $4.75 to $4.99, sales quantity decreases 125 to 113. Calculate the absolute value of the price elasticity of demand.
Discuss the ethical dilemma faced by jim fielding : Horizon Corporation manufactures personal computers. The company began operations in 2003 and reported profits for the years 2003 through 2010.
Calculate the absolute value of price elasticity of demand : In response to a price decrease from $27 to $22, sales quantity increases 13,200 to 14,800. Calculate the absolute value of the price elasticity of demand.

Reviews

Write a Review

Financial Management Questions & Answers

  After-tax cash flows for the next ten years

A large cow barn will cost $150,000 to build today and you figure it will add $18,000 per year to your after-tax cash flows for the next ten years. If the salvage value of the building is 50% after ten years and the cost of capital is 7%, what is the..

  About the dollar and euro exchange rate

Murray Electric has agreed to buy precision lathes from Germany and is worried about the dollar/euro exchange rate. The total invoice amount is €800,000 to be paid in 6 months when the lathes are delivered. CrownJet has agreed to sell a 20-seater jet..

  How much more spendable income would each stockholder

Charleston Corporation (CC) now operates as a "regular" corporation, but it is considering a switch to S Corporation status. CC is owned by five stockholders who each hold 20% of the stock, and each faces a personal tax rate of 35%. How much more (or..

  What is the stocks return for the coming year

The current price of a stock (P_0) is $20 and last year's price (P_-1) was $18.87. The last dividend (D_0) is $2. What is the stock's return for the coming year

  Considering making bid for contract for modifying stripped

You are considering making a bid for a contract for modifying stripped down truck platforms for a local distributor. The distributer has requested bids for 6 specifically modified trucks each year for the next 4 years for a total of 24 trucks in all.

  What will be the effect on profit of accepting the order

PowerDrive, Inc. produces a hard disk drive that sells for $175 per unit. The cost of producing 25,000 drives in the prior year was: Direct material $625,000 Direct labor 375,000 Variable overhead 125,000 Fixed overhead 1,500,000 Total cost $2,625,00..

  Determine optimal ordering quantity-annual inventory cost

A company makes apple butter to supply local vendors. The manufacturing company can make 330 pounds of apple butter per day and demand from vendors in 190 pounds per day. Each time the manufacturing company makes apple butter, it costs $176 to set up..

  What is after-tax cost of capital for this debt financing

Great Seneca Inc. sells $100 million worth of 21-year to maturity 8.91% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $988 for each $1,000 bond. The firm's marginal tax rate is 40%. What is the after-tax cost of capital f..

  Assess the profitability of capital budgeting projects

Northwest Utility Company faces increasing needs for capital. Fortunately, it has an Aa3 credit rating. The corporate tax rate is 40 percent. Northwest’s treasurer is trying to determine the corporation’s current weighted average cost of capital in o..

  Describe procedures that you believe should control process

n the physical implementation depicted in given Figure, the computer updated the accounts payable data upon receipt of a vendor invoice. Describe the procedures that you believe should control that process.

  What is the net amount that globalcorp will receive

How much less is this than the amount Globalcorp would have received if the remittance had been made immediately instead of three months later?

  What is the horizon value

Akyol Corporation is undergoing a restructuring, and its free cash flows are expected to be unstable during the next few years. However, FCF is expected to be $50 million in Year 5, i.e., FCF at t = 5 equals $50 million, and the FCF growth rate is ex..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd