Business, 07.05.2021 22:40 natalie2sheffield

Lonzo is a basketball star at CSUEB and is expected to be drafted in the first round of the NBA draft next year where he will get a salary of $5 million. However, there is a 10% chance he gets injured this year and never gets drafted, missing out on his big payday. He is looking to get insurance, and finds 2 options: AllSportsInsurance is offering an insurance policy that will pay Lonzo $1 million if he gets injured for a premium price of $100,000. BBallInsurance is offering another insurance policy that will pay Lonzo $3 million if he gets injured, but this policy has a premium price of $300,000. If Lonzo is risk-averse he will ..buy the policy from AllSportsInsurancebuy the policy from BBallInsurancebuy either the policy form AllSportsInsurance or BBallInsurancebuy no insurance policyis indifferent between no insurance policy and a policyfrom either AllSportsInsurance or BBallInsurance

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 17:40

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

Answers: 1

Answer

Business, 22.06.2019 18:10

Why would an investor invest in your stocks

Answers: 1

Answer

Business, 22.06.2019 19:00

Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is

Answers: 2

Answer

Business, 22.06.2019 21:10

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be:

Answers: 2

Answer

You know the right answer?

Lonzo is a basketball star at CSUEB and is expected to be drafted in the first round of the NBA draf...

Questions