Suppose That the 1999 Monthly Cost for Health Care for an Employee

question 164

Multiple Choice

Suppose that the 1999 monthly cost for health care for an employee and two dependents is given in the following table. $$\begin{array} { l c } \text { cellpadding="0" cellspacing="0" width } = " 55 \% " \text { bord } & \text { Cost } \\ { \text { Provider } } & \$ 422.35 \\\text { Maxicare } & \$ 425.45 \\\text { Cigna } & \$ 428.51 \\\text { Health Net } & \$ 431.82 \\\text { Pacific Care } & \$ 451.55 \\\text { Health Plan of the Redwoods } \$ 438.69 \\\text { Kaiser } & \$ 459.75 \\\text { Aetna U.S. Healthcare } & \$ 464.34 \\\text { Blue Shield HMO } & \$ 469.87 \\\text { Omni Healthcare } & \$ 473.61 \\\text { Lifeguard } &\end{array}$$ What is the mean? Round answer to the nearest cent as needed.

• A) $446.59
• B) $438.69
• C) $451.55
• D) none
• E) $443.59

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Definitions:

IAS 34

International Accounting Standard 34, which provides guidance on interim financial reporting, ensuring relevant and timely financial information is provided at interim periods.

Discreet Approach

A method marked by caution, prudence, or modesty, often used in sensitive or specific contexts to achieve particular outcomes without drawing excessive attention.

Interim Financial Statements

Financial statements reported for a period shorter than the full fiscal year, often quarterly.

Impairment Loss

The amount by which the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, leading to a reduction in value on the balance sheet.