You compute the value of the penalty by multiplying the replacement cost ($500,000) with the multiplier, 0.25 (1 – 0.75). So by violating the coinsurance clause, you are not only unable to receive the full replacement cost, but you also have to pay a hefty penalty. Conclusion Coinsurance...
provision of taxable services,the VAT levying rate is 4%.All other small-scale t axpayers are liable to 6% VAT levying rate. Besides,4% VAT levying rate is also applicable to commission shops on sales of good s on commission,to the mortgage businesses on sales of dead mortgages,to sale...
After hitting deductible, medical costs will be split between you and the insurance provider. Copayments or copay is one of the ways to do this. Copayments have a flat rate depending on the specific service or prescription. For example, the flat rate for a check-up would be different from...
Overtime pay is typically calculated at a higher rate than the standard hourly wage. Bonuses: These additional payments are awarded to employees based on work performance, company profits, or other predetermined criteria. Bonuses can be used to reward employees for exceptional work, incentivize goal...
Accountants must become Certified Public Accountants to file reports with the Securities and Exchange Commission. In all states, candidates are required to pass a four-part CPA exam to become a Certified Public Accountant. The four parts of the exam are: Audit and Attestation Financial Accounting ...
Compute this formula to include the cost of margin interest in your returns: Net Return = Gross Return - [(Margin Balance × Interest Rate) × (Days Borrowed ÷ 365)] Margin callsduring periods of volatility can result in losses and the forced sale of positions by your broker. ...
How to Get a High Credit Score From the information on your credit report and your auto loan application, the lender will compute your debt-to-income ratio. If you owe too much compared to your income, you’ll likely be asked to pay a higher interest rate, take a shorter loan, be req...
Trade shows are one of the most expensive types of corporate events. Eachboothtries to stand out among the hundreds of attendees attending the expo. Every trade show objective is different depending on the product or service being displayed. But to compute an enhanced ROI for this type of even...
Direct labor, commission, & credit card fees are a few examples of variable expenses. You can find your company's break-even point by dividing total fixed costs by the difference between the selling price per unit and the variable cost per unit. ...
A publicly traded company must submit income statements to the U.S.Securities and Exchange Commission(SEC).1 Parts of an Income Statement The format of an income statement may vary, depending upon the local regulatory requirements, the diversified scope of the business, and the associated operating...