User Account

All Pages

What is the minimum premium

Assignment Help Business Management
Reference no: EM132912533

Geico company is considering two insurance plans with coverage and premiums. This information is provided below. A good way to read the data is that $80 buys one unit of Lexus plan, consisting of $10,000 fire and theft insurance and $180,000 of liability insurance.

Luxus policy Mercedes policy

Fire/Theft $10,000 $15,000

Liability $180,000 $120,000

Premium $80 $60

a) The company needs at least $300,000 fire and theft insurance and at least $360,000 liability from these plans. How many units should be purchased from each policy plan to minimize the cost of the premiums? What is the minimum premium?

b) Suppose the premium for the Luxus policy is reduced to $50. Now, how many units should be purchased from each policy plan.

c) Interpret your results

Reference no: EM132912533

Questions Cloud

Post the organizational chart from the organization : Post the Organizational Chart from the organization you selected. Drawing from relevant reference materials, discuss how the structure of this organization impa
Find different set of resources and capabilities : Assume that you, have made the decision to expand your hospital to Level 1, which offers substantial upgrades in terms of service offerings, but also requires a
What amount should Dragon Company report : What amount should Dragon Company report in its December 31, 2018 balance sheet related to its non-current investment for bond sinking fund requirements
Discuss essence of modern financial management system : Discuss essence of modern financial management system in organization Explain and discuss impacts of technology in financial system
What is the minimum premium : Geico company is considering two insurance plans with coverage and premiums. This information is provided below. A good way to read the data is that $80 buys on
Show effects of each transaction using accounting equation : On August 17, it received a Rs 1000 cheque for services previously rendered on credit. Show effects of each transaction using accounting equation
Discussion regarding issues with customer : They usually cut short the discussion regarding issues with customer because they have little desire to listen to customer's problems and help them resolve thei
Appraise the different approaches : Appraise the different approaches ( biological, psychological, sociocultural, etc.) that may influence the myriad of methods by which adults construct learning
What is interlocking directorship : 1. What is "interlocking directorship" and why could it lead to unethical actions of a member of the board of directors?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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