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2 years ago

Insurance Reading Quiz

1 answer:

6 0

The statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.

<h3>What is disability insurance plans?</h3>

Disability insurance plans can be defined as an insurance plan that help to cover the cost of people that are physically disabled.

When a person is disable due to work hazard the employers may tend to provide short-term or long term disability insurance plans that will help to provide income to disable person.

Therefore the statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.

Learn more about Disability insurance plans here: brainly.com/question/16810465

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On April 1, Construction Contractors, Inc., contracts to build a store for Discount Retail, Inc., at a specific location in Elec

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Answer:

c. the contract is discharged.

Explanation:

As the contract is not feasible to be completed not because of any parties of the contract, but because of externalities.

This provides for the no fault conditions on both the parties of the contract.

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3 years ago

Read 2 more answers

The following information was taken from the records of Whispering Inc. for the year 2020: Income tax applicable to income from

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Answer:

a) Whispering, Inc.

Income statement

For the year ended December 31, 2020

Sales Revenue $2,470,000

Cost of goods sold ($1,105,000)

Loss on write-down of inventory ($78,000 )

Gross profit $1,287,000

Operating expenses:

Administrative expenses $312,000
Selling expenses $390,000 ($702,000)

Operating income $585,000

Other income/expenses:

Rent revenue $52,000

Gain on sale of equipment $123,500

Income before taxes $760,500

Income taxes ($243,100)

Net income from continuing operations $517,400

Discontinued operations:

Loss on discontinued operations ($97,500)
Income tax applicable to loss $33,150 ($64,350)

Net income $453,050

Other comprehensive income:

Unrealized holding gain on AFS securities (net) $19,500

Comprehensive income $472,550

Shares outstanding during 2020 were 100,000

Earnings per share $4.7255

Cash dividends declared $195,000

Dividends per share $1.95

b) Whispering, Inc.

Comprehensive Income Statement

For the year ended December 31, 2020

Net income $453,050

Other comprehensive income:

Unrealized holding gain on AFS securities (net) $19,500

Comprehensive income $472,550

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4 years ago

a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to maturit

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Answer:

A. 7.5

N=20

PV=1034.74

PMT= 1000*8% / 2

PV = 1000

B. $934.96

N=20

I= 4.5

PMT = 40

FV = 1000

Explanation:

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3 years ago

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