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3 years ago

What is the purpose of long-term disability insurance?

1 answer:

5 0

The main purpose of of long-term disability insurance is: A. To replace a portion of a person's income if that person cannot work.

<h3>What is long-term disability insurance?</h3>

Long-term disability insurance can be defined as the type of insurance coverage that help to guide a person income if the person is unable to work as a result of illness or injury.

Long-term disability insurance is important when it comes to unforeseen circumstance.

Inconclusion to replace a portion of a person's income if that person cannot work.

Learn more about Long-term disability insurance here:brainly.com/question/25938882

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A benchmark market value index is comprised of three stocks. yesterday the three stocks were priced at $12, $20, and $60. the nu

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Answer: The one day rate of return on the stock is 1.49%

We arrive at the answer in the following manner:

First we need to calculate yesterday's and today's index values.

For that we need to find weights of each day based on market capitalization.

$Market Capitalization _{ a stock} = Market Price * No .of outstanding shares$

The weight of a company in the index is calculated by dividing the market capitalization of a company by the total market capitalization of all the companies whose shares are a part of the index.

$Weight_{Company A} =\frac{Mkt Cap of company A}{Total Market cap}$

Then, we multiply the share price of each company with their respective weights and find the total to arrive at the index value for one day.

Yesterday's Index Value

Stock Price No. of shares Mkt Cap Weight Weight*Price

A 12 600000 7200000 0.25 2.96 (0.25*12)

B 20 500000 10000000 0.34 6.85(0.34*20)

C 60 200000 12000000 0.41 24.66 (0.41*60)

Total 29200000 1.00 34.47

We calculate the weight for stock A as follows:

$Weight_{A} =\frac{72,00,000}{2,92,00,000} = 0.2466 = 0.25$

We calculate the weights of the remaining stocks in a similar manner.

Please note that the sum total of all weights must add up to 1.

The sum total of the last column (Price * Weight) is yesterday's index value.

We repeat the same steps with today's market price to arrive at today's index value.

Today's index Value

Stock Price No. of shares Mkt Cap Weight Weight*Price

A 16 600000 96,00,000 0.31 4.95 (0.31*16)

B 18 500000 90,00,000 0.29 5.23 (0.29*18)

C 62 200000 1,24,00,000 0.40 24.80(0.40*62)

Total 3,10,00,000 1.00 34.98

One-day Rate of Return

We can calculate the one day rate of return on the index as follows:

$Rate of return = [\frac{(Today's index value - Yesterday's index value}{Yesterday's index value}) * 100$

$Rate of Return = ( \frac{34.98 - 34.47}{34.47}) * 100$

$Rate of return = (\frac{0.51}{34.47}) *100$

Rate of return = 0.01494 or 1.49%

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Net Income of $10,000,000 Increase in Accounts Payable of $800,000 Increase in Accounts Receivable of $600,000 Depreciation of $

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Answer:

Cash flow generated from operating activities 12,010,000

Explanation:

10,000.000

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Adjusted Net Income 11,600,000

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Cash flow generated from operating activities 12,010,000

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