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3 years ago

Disability income insurance will provide income to a disabled or ill person ___________.

1 answer:

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Disability income insurance will provide income to a disabled or ill person with a waiting period before income is received. Commonly, when a person applies for disability income insurance and is taking out money from the government for disability there is a period of waiting. During this period they review all information given and decides whether or not the person applying actually qualifies for the funds they are wanting to receive. Most states have a set time frame they have to wait and also a set time frame of how long people can receive funds for.

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Classifications on Balance SheetThe balance sheet contains the following major sections:Current assetsLong-term investmentsPrope

Shkiper50 [21]

Answer:

1. Cash ⇒ CURRENT ASSETS, NOT A CONTRA ACCOUNT

2. Bonds Payable (due in 8 years) ⇒ LONG TERM LIABILITY, NOT A CONTRA ACCOUNT

3. Machinery ⇒ FIXED ASSET, NOT A CONTRA ACCOUNT

4. Deficit ⇒ PART OF RETAINED EARNINGS, NOT A CONTRA ACCOUNT

5. Unexpired Insurance ⇒ GENERALLY CURRENT ASSET (AT LEAST THE PORTION OF PREPAID INSURANCE THAT COVERS THE NEXT 12 MONTHS), NOT A CONTRA ACCOUNT

6. Franchise (net) ⇒ INTANGIBLE ASSET, NOT A CONTRA ACCOUNT

7. Fund to Retire Preferred Stock ⇒ LONG TERM INVESTMENT, NOT A CONTRA ACCOUNT

8. Current Portion of Mortgage Payable ⇒ CURRENT LIABILITY, NOT A CONTRA ACCOUNT

9. Accumulated Depreciation ⇒ PART OF FIXED ASSETS, CONTRA ACCOUNT

10. Copyrights ⇒ INTANGIBLE ASSET, NOT A CONTRA ACCOUNT

11. Investment in Held-to-Maturity Bonds ⇒ LONG TERM INVESTMENT, NOT A CONTRA ACCOUNT

12. Allowance for Doubtful Accounts ⇒ PART OF CURRENT ASSETS, CONTRA ACCOUNT

13. Notes Receivable (due in 3 years) ⇒ LONG TERM INVESTMENT, NOT A CONTRA ACCOUNT

14. Property Taxes Payable ⇒ CURRENT LIABILITY, NOT A CONTRA ACCOUNT

15. Deferred Taxes Payable ⇒ LONG TERM LIABILITY, NOT A CONTRA ACCOUNT

16. Additional Paid-in Capital on Preferred Stock ⇒ CONTRIBUTED CAPITAL, NOT A CONTRA ACCOUNT

17. Premium on Bonds Payable (due in 8 years) ⇒ LONG TERM LIABILITY, IT IS AN ADJUNCT ACCOUNT NOT A CONTRA ACCOUNT

18. Work in Process ⇒ CURRENT ASSET, NOT A CONTRA ACCOUNT

19. Common Stock, $1 par ⇒ CONTRIBUTED CAPITAL, NOT A CONTRA ACCOUNT

20. Land ⇒ FIXED ASSET, NOT A CONTRA ACCOUNT

21. Treasury Stock (at cost) ⇒ CONTRIBUTED CAPITAL, CONTRA ACCOUNT

22. Unrealized Increase in Value of Available-for-Sale Securities ⇒ ACCUMULATED OTHER COMPREHENSIVE INCOME, NOT A CONTRA ACCOUNT

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3 years ago

When Kira graduated with a degree in computer science, she started her software company. On her first day of operations, she pos

kobusy [5.1K]

Answer:

Her expectation that all her employees would adhere to the laws applicable to the business

Explanation:

By adhering to the laws applicable to her business, and expecting that her employees would follow suit, helped to protect the business from the liability related to breaching laws. Moreover, operating within the legal requirements serves as the first step towards operating as an ethical firm.

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3 years ago

When there is no room for growth within a company, an employee cannot __________. a. Be promoted to new positions horizontally b

Sholpan [36]

D. be promoted vertically to new positions

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2 years ago

Nonprice rationing devices are required:a. because the price system does not allocate resources efficiently.b. when there are pr

o-na [289]

Answer:

d. to allocate goods when there is a price ceiling.

Explanation:

Non price rationing or queuing is a measure used when there is a price ceiling, queuing is used to arrange people on a first come first serve basis.

Rationing is done on the non monetary cost of waiting in line.

Waiting time eventually balances buyer equillibrum. When customer's are waiting on queues for too long some of them loose interest and leave, this restoring balance between what is available and number of people waiting to buy.

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3 years ago

Gundy Company expects to produce 1,207,200 units of Product XX in 2017. Monthly production is expected to range from 75,600 to 1

kenny6666 [7]

Answer and Explanation:

The preparation of the flexible manufacturing budget is presented below:

Activity level

Finished units 75,600 96,600 117,600

(75,600 + 21,000)

Variable costs

Direct materials($3) $226,800 $289,800 $352,800

Direct labor ($7) $529,200 $676,200 $823,200

Overhead ($10) $756,000 $966,000 $1,176,000

Total variable costs $1,512000 $1,932,000 $2,352,000

Fixed costs

Depreciation [($4 × 1,207,200) ÷ 12] $402,400 $402,400 $402,400

Supervision [($1 × 1,207,200) ÷ 12] $100,600 $100,600 $100,600

Total fixed costs $503,000 $503,000 $503,000

Total costs $2,015,000 $2,435,000 $2,855,000

We simply added the total variable and total fixed cost so that the total cost could come and the same is shown above

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3 years ago