Evaluating Walter's Health Care Coverage

Walter Burton was a self-employed window washer earning approximately $700 per week. One day, while cleaning windows on the eighth floor of the Commercial Bank Building, he tripped and fell from the scaffolding to the pavement below. He sustained severe multiple injuries but miraculously survived the accident. He was immediately rushed to the local hospital for surgery. He remained there for 58 days of treatment, after which he was allowed to go home for further recuperation. During his hospital stay, he incurred the following expenses: surgeon, $2,300; physician, $900; hospital bill for room and board, $250 per day; nursing services, $1,200; anesthetics, $600; wheelchair rental, $100; ambulance, $150; and drugs, $350. Walter has a major medical policy that has a $3,500 deductible clause, an 80 percent co-insurance clause, internal limits of $170 per day on hospital room and board, and $1,600 as a maximum surgical fee. The policy provides no disability income benefits.

1. Explain the policy provisions as they relate to deductibles, co-insurance, and internal limits.
2. How much should Walter recover from the insurance company?
   $  
   How much must he pay out of his own pocket?
   $  
3. Would any other policies have offered Walter additional protection? What about his inability to work while recovering from his injury?
4. Based on the information presented, how would you assess Walter's health care insurance coverage?
   
   
   Explain.

Tobacco Company of America is a very stable billion-dollar company with sales growth of about 5 percent per year in good or bad economic conditions. Because of this stability (a correlation coefficient with the economy of +.3 and a standard deviation of sales of about 5 percent from the mean), Mr. Weed, the vice-president of finance, thinks the company could absorb some small risky company that could add quite a bit of return without increasing the company’s risk very much. He is trying to decide which of the two companies he will buy. Tobacco Company of America’s cost of capital is 10 percent.

a. What is the expected cash flow for each company?

b. Which company has the lower coefficient of variation?

c. Compute the net present value of each company.

d. Which company would you pick, based on net present values

The U.N. World Food Program (WFP) is warning that upward of at least 14 million people could go hungry in Latin America as the coronavirus pandemic rages on, shuttering people in their homes, drying up work and crippling the economy. New projections released late Wednesday estimate a startling increase: Whereas 3.4 million experienced severe food insecurity in 2019, that number could more than quadruple this year in one of the world’s most vulnerable regions. U.N. food agency executive director David Beasley warned in April that an addition 130 million people could be “pushed to the brink of starvation” worldwide by the end of 2020. The impact of such a sharp rise in hunger could have far-reaching implications ranging from higher levels of chronic childhood malnutrition to security issues. The WFP is calling on nations to expand their social safety net to those who traditionally don’t qualify for aid. Many governments and international organizations have been stepping up, providing cash transfers and food deliveries, but are facing logistical and economic hurdles.

In the view of food insecurity around the world particularly in Latin American economies, World Food Program suggests countries to expand their social safety net. Discuss whether social safety net boosts the aggregate expenditure and leads economy to recover.

XYZ Medical Ltd a Melbourne based company enters into a non-cancellable purchase commitment of US$50,000 with an American supplier on 1 April 2020 to buy the face masks in a bulk for medical staff. These face masks are to be shipped on the 1st of May 2020. The amount owing on the purchase is payable on 31 July 2020. XYZ Ltd observed that exchange rate is very volatile due to the current trade war between America and China. XYZ decided to enter into a forward rate contract. On 1 April 2020 a forward-exchange contract for US$50,000 as taken out with Westpac Bank Ltd at a cost of $76 923 (which is US$50,000 ÷ 0.65 with AU$1.00 = US$0.65 being the agreed forward rate). XYZ Ltd uses cash flow hedge accounting and its reporting date is 30 June. Date Spot rate Forward rate 1 st April 2020 0.67 0.65 1 st May 2020 0.61 0.59 30th June 2020 0.55 0.57 31st July 2020 0.64 0.64 Required: i. Calculate the gain or loss on the forward contract for each significant date. ii. Prepare the journal entries to account for the transactions including 31/7/2020.

From Dunkin Donuts to Just Dunkin! The famous American Donut’s brand is rebranding and closing stores across the world including Oman as its outlets have shut down for good. The demand for donuts in America is decreasing as customers preferring more healthy food with less sugar and fat.

The company’s brand CEO Mr. David Hoffmann said, “the rebranding comes as an effort to reshape the company’s strategic goals and focusing on drinks more than donuts.” While analyzing the company’s different products, the managers noticed that 60% of its revenue is coming from drinks like coffee while demand for donuts is declining.

The company redesigned its brand, and its stores making them look simpler. The company is also introducing new coffee experiences like nitro, cold brew, black...etc. The company will also introduce digital menu and drive through to fit the customers on the go lifestyle. The company will also reduce its employees as the new digital menus will eliminate the need of human employees, reducing the company’s costs.

Questions:

1. On the product life cycle, where the donuts fall? What are the best strategies the company can use in this case? (250 words)

2. Explain, how the demographic environment is affecting the company? (250 words)

6. Heights in inches for American males aged 20 and over are approximately normally distributed (symmetric) with the mean height 69.3 inches and std deviation 2.99 inches.

a.What percentage of American males in the above age group who are 6 feet or taller?

b.Find the 99th percentile of the American males in the above age group and interpret it.

c. Suppose a random sample of 100 American males aged 20 or more is taken, what is the probability that the sample mean height exceeds 72 inches?

d. Find the 95th percentile for the mean height value for this sample of 100 American males aged 20 or more

A study was carried out to determine the number of women using folic acid supplements in early pregnancy. All women attending a public or private clinic in Ohio were invited to participate and 28 women accepted. Based on previous studies, we know that typically 62% of pregnant women take folic acid supplements during early pregnancy.

a) What is the probability that exactly 25 women take a folic acid supplement during early pregnancy? (Use formula/show work, NOT binompdf or binomcdf.)

b) What is the probability that more than 21 women take folic acid supplements using early pregnancy? (Use binomcdf or binompdf. State function and its arguments.)

c) What is the probability that at least 15, but less than 20 women take folic acid supplements during early pregnancy? (Use binomcdf or binompdf. State function and its arguments.)

Describe the institution of Indentured Servitude and how did it aid in bringing immigrants to America? How Was Johann Buettner's experience typical of the Indentured Servant?

what values define crime control and due process models? cite the examples.

Note : This question is related to Criminal Justice system in america.