When a person insured under a disability income insurance policy cannot, for limited period of time, perform all functions of his or her regular job duties, this is known as <u>Residual disability or Partial disability.</u>
"Residual disability" is the inability to do one or more job duties or to execute them as regularly as previously, along with a loss of pre-disability income.
Residual disability policies compensate based on lost income. These insurance offer benefits if you can work part-time and aren't entirely disabled. The benefit is dependent on your part-time income compared to your full-time salary.
Depending on the policy, a person receiving residual disability payments may receive a reduced benefit or none at all if her monthly income exceeds a specific proportion of pre-disability income. Some programs require entire disability before granting residual disability benefits. You can buy a residual policy as a stand-alone income replacement policy or as a rider on a total disability policy. Income replacement is cheaper than total disability. Partial and residual disability insurance are comparable. Both pay benefits if you can accomplish some job requirements.
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Answer:
Accounts receivable turnover 2013 2,05 2012 1,875
Number of days' sales in receivables 178 daysin 2013 194 days in 2012
The collection of accounts receivable has high turnover . This can be seen in both the times per year in accounts receivable turnover and the average number of days in the collection period.
Explanation:
Account receiv Sales
2013 725000 5637500 7,775862069
2012 650000 4687500 7,211538462
2011 600000
Turnover Ratio= net credit sales
Avergae account receivable
2012 = 4687500/(600000+650000)/2
1,875
2013 = 5637500/(650000+725000)/2
2,05
Receivable turnover in days = 365 / Receivable turnover ratio
2012 194,6666667
2013 178,0487805
Answer: Nether Australia or Europe
Explanation:
Purchasing power parity is a notion that states that prices of the same or similar goods should have the same price across the world after adjusting for exchange rate differences.
If the price of a tall latte in the U.S. is $4,00, it should be the same price in Europe and Australia after exchange rate adjustments.
$4.00 in Euro is: $4.00 in Australian dollars is:
= 4 * 0.8 = 4 * 1.4
= €3.20 = $5.60
Purchasing power parity does not hold in wither countries because the prices of the lattes are not equal to the $4.00 in the U.S. after adjustments for exchange rates.
Answer:
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Answer:
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