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The assumption of linear property of total cost and total revenue relies on the assumption that unit variable cost and selling price are always constant. In real life it is valid within relevant range or period and likely to change.
For example, the RP for a knee or hip replacement surgery was $30,000. As before, the patient was responsible for 20 percent of the first $15,000, paying a maximum of $3,000. The insurer covered the next $15,000. However, if the procedure cost $40,000, the patient was responsible for the final $10,000.
An opinion is said to be unqualified when he or she does not have any significant reservation in respect of matters contained in the Financial Statements. The most frequent type of report is referred to as the "Unqualified Opinion", and is regarded by many as the equivalent of a "clean bill of health" to a patient, which has led many to call it the "Clean Opinion", but in reality it is not a ...
The index reference period, usually called the base year, often differs both from the weight-reference period and the price-reference period. This is just a matter of rescaling the whole time series to make the value for the index reference period equal to 100. Annually revised weights are a desirable but expensive feature of an index; the ...
A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.
In order to conduct the cost breakdown analysis, the starting point is to examine the various cost drivers of the service or product that is being analyzed. When itemizing the costs of transportation, one can come up with a simplified list of six cost drivers, namely: Personnel (e.g. driver) Motor fuel (diesel / gasoline) Tires; Maintenance; Tolls
An annuity free look period is a grace period, typically between 10 and 30 days, during which you can decide if the annuity isn’t right for you and return it for a full refund. Free look periods ...
That could come as early as Tuesday, when the country’s top economic planning agency, the National Development Reform Commission, holds a press briefing to announce a package of policies to ...