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Natali [406]
3 years ago
15

An insured has a disability policy. after becoming disabled, the insured must wait 90 days before qualifying for benefits. this

time frame is called the
Business
1 answer:
ololo11 [35]3 years ago
3 0
The answer to this question is an elimination period. An elimination period is also known as the waiting or qualifying period which is the length of time the insured should wait before the insurance is granted or availed from the insurer. Elimination periods are usually 60, 90, or 180 days.
You might be interested in
The following information is provided for Sacks Company before closing entries. Cash $ 12,000 Supplies 4,500 Prepaid rent 2,000
RideAnS [48]

Answer:

b. $78,500

Explanation:

Assets

Equipment                       $65,000

Cash                                 $12,000

Supplies                           $4,500

Prepaid rent                     <u>$2,000</u>

Total Assets                     <u>$83,500</u>

Equity and Liabilities

Common stock                $68,000

Retained earnings           <u>$10,500</u>

Total Equity                      $78,500

Accounts payable            <u>$5,000</u>

Total Equity and Liability <u>$83,500</u>

*<u>Working</u>

Net Profit = Service revenue - Salaries Expenses - Miscellaneous expenses

Net Profit = $30,000 - $4,500 - $20,000 = $5,500

Total retained Earning = $8,000 + $5,500 - $3,000 = $10,500

5 0
3 years ago
A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29, an
Scrat [10]

Answer: - $3

Explanation:

We should note that the holder of a put will gain when the share price is below the exercise price.

Since the gain with regards to the question is ($30 - $29) = $1 and the premium paid is 4, then the maximum profit per unit will be:

= Gain - Premium paid

= $1 - $4

= -$3.

8 0
3 years ago
He Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material $5 per unit Labor 3 per unit Ove
blsea [12.9K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

July 1, 20X1:

Material $5 per unit

Labor $3 per unit

Overhead $1 per unit

Total cost= $9

Beginning inventory= 3,200 units.

December 1, 20X1:

Bradley Corporation produced 12,400 units.

These units had a material cost of $4, labor of $6, and overhead of $4 per unit.

Total cost= $14

A) Units sold= 16,800 units

Selling price= $13

The total inventory is= 3,200+12,400= 15,600

<u>We will assume that production levels with sales.</u>

Sales= 16,800*13= $218,400

Cost of goods sold= (3,200*9 + 13,600*14)= (219,200)

Gross profit= (800)

B) We will assume the ending inventory is 300 units:

Inventory= 300*14= $4,200

8 0
3 years ago
One hospital CEO insists on including performance data in the hospital’s annual report. "We do very well on most measures, exc
Paha777 [63]

Answer:

we do this to maintain record of institution. this is effective practice

3 0
3 years ago
Read 2 more answers
How would you engage a customer who is looking for a specific brand of headphones, e.g., Apple AirPods
MrRissso [65]

Answer:

By informative communication

Explanation:

In simple words, if any customer has a particular brand in his or her mind while shopping then the best to way to interact with hem is to support their desire and inform them as much as you can for their product. By doing so you indulge them in a mutual relationship and they will be fully engaged in the process. After that one can offer them other products of different brands.

7 0
3 years ago
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