Geneva Healthcare Company (GHC) sells annual health insurance for $1,050 each. The company uses commission-based selling...

Geneva Healthcare Company (GHC) sells annual health insurance for $1,050 each. The company uses commission-based selling and the quota per salesperson is 40 insurances per month. IF GHC has 3 salespersons who are new and are expected to hit 50% of the monthly quota, 2 others who can hit 75% of the quota, and 5 experienced salespeople who can achieve 100% of the quota, then what is this month’s expected level of revenue? Show your calculations. (2 points)

Expert Solution

Total Number of Insurance Policies sold in a month = 3(40)(0.50) + 2(40)(0.75) + 5(40)(1)

Total Number of Insurance Policies sold in a month = 320

Revenue in a month = 320(1,050)

Revenue = $336,000

jeff jeffy answered 2 years ago

Eternity Insurance is selling a perpetuity contract that pays $1,050 monthly. The contract currently sells for...

Eternity Insurance is selling a perpetuity contract that pays $1,050 monthly. The contract currently sells for $61,000. a. Calculate the monthly rate of return on this investment. b. Calculate the APR. c. Calculate the effective annual rate.

Flounder’s Agency sells an insurance policy offered by Capital Insurance Company for a commission of $86...

Flounder’s Agency sells an insurance policy offered by Capital Insurance Company for a commission of $86 on January 2, 2017. In addition, Flounder will receive an additional commission of $10 each year for as long as the policyholder does not cancel the policy. After selling the policy, Flounder does not have any remaining performance obligations. Based on Flounder’s significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years. It has no...

Coronado’s Agency sells an insurance policy offered by CapitalInsurance Company for a commission of $103...

Coronado’s Agency sells an insurance policy offered by Capital Insurance Company for a commission of $103 on January 2, 2020. In addition, Coronado will receive an additional commission of $12 each year for as long as the policyholder does not cancel the policy. After selling the policy, Coronado does not have any remaining performance obligations. Based on Coronado’s significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years. It has no...

Delray Auto are currently selling at $1,050, with 8% annual coupon payment and 1000 par. These...

Delray Auto are currently selling at $1,050, with 8% annual coupon payment and 1000 par. These bonds have 16 years left until maturity. What is the yield to maturity? Assume yield to maturity remain the same, what is the price a year later (with 15 years left until maturity)? From current year to next year, calculate the current yield, capital gain, and total return from the bond? Yield to maturity = ?? Price a year later = ?? Current yield...

Describe public health, health insurance and their importance to healthcare.

Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,050 monthly. The contract...

Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,050 monthly. The contract currently sells for $80,000. What is the monthly return on this investment vehicle? What is the APR? What is the effective annual rate?

"Narrative : Health and Human Services Commission (HHSC) survey of health insurance Problem statement: Kaiser Family...

"Narrative : Health and Human Services Commission (HHSC) survey of health insurance Problem statement: Kaiser Family Foundation estimated that in 2015 17% of Texans did not have health insurance. HHSC wants to update this number. Assuming a margin of error of 0.03, what should be the sample size at: a) 95% confidence level? b) 99% confidence level?"

Describe the differences between the social insurance, national health service, and private health insurance healthcare delivery...

Describe the differences between the social insurance, national health service, and private health insurance healthcare delivery models.

(Mrketing in Healthcare) For each of the following marketing strategies, pick a company in the health...

(Mrketing in Healthcare) For each of the following marketing strategies, pick a company in the health services business that has used the strategy and describe how they did so. a. Diversification b. Market development c. Product development

Insurance company is selling one perpetuity product that willpay $4,136 every year. The annual interest...

Insurance company is selling one perpetuity product that will pay $4,136 every year. The annual interest rate is 6.8% compounded annually. How much you need to pay to buy such perpetuity product today?

Question