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1 year ago

Generally, the payment of an accelerated death benefit is _______ to a recipient if the benefit payment is qualified.

Business

1 answer:

IrinaK [193]1 year ago

8 0

The correct answer is Tax free.

An Accelerated Death Benefit (ADB) enables the holder of a life insurance policy to obtain a portion of the death benefit from the insurer before passing away. The policyholder must typically have a terminal illness with a life expectancy of two years or fewer.

<h3>How are benefits for hastened death paid?</h3>

A lump amount may be provided as part of some hastened death benefits. With a benefit for a terminal disease, this happens more frequently. Payments for chronic illnesses are more frequently made. According to Schelhaas, some accelerated death benefit riders are simple because they pay a specific portion of the death benefit.

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Ellen Carson’s sales for 5 months were $26,908, $28,386, $28,730, $27,290, and $29,009. What must be her sales next month if she

hjlf

Answer:

$28,065

Explanation:

The moving averages method uses the means of the previous months as the forecast for the next months.

The formula for the moving average is as below.

Moving Average = (n1 + n2 + n3 + ...) / n

In this case, the Moving average = $26,908 +$28,386 +$28,730, $27,290+ $29,009 / 5

= $140,323 /5

=$28,064.6

=$28,065

7 0

2 years ago

The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:Cash a

KiRa [710]

Answer:

1. $90,000

2. $5,000

3. $20,000

Explanation:

1. Calculation to Determine the Total current assets

First step is to calculate the Total current liabilities using this formula

Total current liabilities=Accounts payable + Wages payable + Accrued Interest

Let plug in the formula

Total current liabilities=$44,000 + $15,000 + $1,000

Total current liabilities= $60,000

Now let calculate the Total current assets using ratio 1.5

Total current assets =1.5 × $60,000 x 1.5

Total current assets=$90,000

Therefore the Total current assets will be 90,000

2. Calculation to Determine the Short term investments using this formula

Short term investments=Total current assets - Cash - Accounts receivable - Inventories

Let plug in the formula

Short term investments=$90,000 - $5,000 - $20,000 - $60,000

Short term investments= $5,000

Therefore the Short term investments will be $5,000

3. Calculation to Determine the Retained earnings

First step is to calculate the Total Assets

Cash and cash equivalents $5,000

Add Accounts receivable (net) $20,000

Add Inventories $60,000

Add Short term investments $5,000

Add Property, plant, and equipment (net) 120,000

TOTAL ASSETS $210,000

Now let calculate the Retained Earnings

Total Assets $210,000

Less Accounts payable ($44,000)

Less Salaries payable ($15,000)

LessAccrued interest ($1,000)

Less Notes payable ($30,000)

Less Paid-in capital ($100,000)

RETAINED EARNINGS $20,000

Therefore the Retained Earnings will be $20,000

4 0

2 years ago

Budgeted sales for the month at 4,600 units. Budgeted variable selling and admin expense is $7.30 per unit. Budgeted fixed selli

Viktor [21]

Answer:

$79,120

Explanation:

Calculation for the budgeted cash disbursement amount for selling and administrative expense for the month

First step is to calculate the Total variable selling and administrative expense

Using this formula

Total variable selling and administrative expense= Budgeted unit sales for August × variable selling and administrative expense per unit

Let plug in the formula

Total variable selling and administrative expense= 4,600 × $7.30

Total variable selling and administrative expense= $33,580

Second step is to calculate the Total fixed selling and administrative expense

Total fixed selling and administrative expense

= Budgeted fixed selling and administrative expense - Depreciation per month

Let plug in the formula

Total fixed selling and administrative expense= $51,980 - $6,440

Total fixed selling and administrative expense=$45,540

Now let calculate the budgeted cash disbursement amount for selling and administrative expense for the month

Using this formula

Budgeted cash disbursement = Total variable selling and administrative expense + Total fixed selling and administrative expense

Let plug in the formula

Budgeted cash disbursement= $33,580 + $45,540

Budgeted cash disbursement= $79,120

Therefore the budgeted cash disbursement amount for selling and administrative expense for the month will be $79,120

4 0

2 years ago

In 2015, a former Google engineer, Erica Baker, made a spreadsheetshowing pay disparities at the company. She shared the informa

Studentka2010 [4]

Answer:

b. Organizational justice.

Explanation:

In reacting to the allegations that Google engages in "systematic compensation disparities against women" and the request of payroll records by the U.S. Department of Labor in 2017.

Google annually reviews pay levels and denies any disparities against women. In reviewing pay levels, Google's management is focused on organizational justice. The concept of organizational justice was first introduced by Greenberg in the year 1987.

Organizational justice is an organizational concept that describes an employee's perception of decisions, fairness, behaviors and actions with respect to how these employees are affected or influenced both psychologically and other wise at work.

Organisational justice deals with all workplace related activities, ranging from salary to relationships between superiors and their subordinates, equal rights, gender equality and even access to training and promotion.

For the purpose of trust, loyalty and progressive work attitudes, it is very important that organizations prioritize organizational justice.

Hence, if Google focuses on organizational justice, it will help to build trust and address the issue of pay level disparities among its employees.

6 0

2 years ago

HOW DOES GOVERNMENT PAVING ROADS AFFECT GDP<br> ?

ruslelena [56]

It effects how money is moved around the united states. They will hire more companies, such as contractors. Those contractors will hire other companies to do said work, they companies will hire workers. However it creates more jobs, and more government spending.

7 0

3 years ago