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ololo11 [35]
3 years ago
9

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

Business
1 answer:
vlada-n [284]3 years ago
3 0
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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The Davis Corporation budgeted factory overhead at $250,000 for the period for the Assembly department, based on a budgeted volu
Igoryamba

Answer:

B. $10,000 Underapplied

Explanation:

Hourly rate = $250,000/100,000 = $2.5 per hour

Excess hours = 4000

Excess over head = 4000 * 2.5 = $10,000

There was a $10,000 underapplied overhead for that period

8 0
3 years ago
In the _____ form of e-commerce, firms want to develop buyer loyalty and repeat business but seldom develop a close working rela
Molodets [167]

Answer: business to consumer

Explanation:

E-commerce simply means buying of goods and services online through the internet. Since it's a digitalized world now, this is common.

In the business to consumer form of e-commerce, firms want to develop buyer loyalty and repeat business but seldom develop a close working relationship with individual buyers.

4 0
3 years ago
Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Two jobs were worked on during t
olganol [36]

Answer:

$16.00

Explanation:

Predetermined manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity

therefore,

Predetermined manufacturing overhead rate = $32,320 ÷ 2,020

                                                                            = $16.00

Applied overheads = Predetermined manufacturing overhead rate x Actual activity

therefore,

Applied overheads = $16.00 x 2,410 = $38,560

Conclusion :

Under-applied overheads = $72,200 -  $38,560

                                           = $33,640

the predetermined manufacturing overhead rate per direct labor hour for the year is  $16.00

4 0
2 years ago
On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. T
Mariulka [41]

Answer:

Income statement using absorption costing.

Sales                                                                                   $756,000

Less Cost of Goods Sold  

Opening Stock                                           $0

Total Manufacturing Costs                  $655,000

Less Closing Stock                              ($104,800)          ($550,200)

Gross Profit                                                                       $205,800

Less Operating Expenses

Selling and administrative expenses:

Variable                                                $35,000

Fixed                                                      $10,500              ($45,500)

Net Income                                                                        $160,300

Explanation:

The Product cost is the to total of all manufacturing costs.

5 0
2 years ago
Denver Corporation purchased a patent for $405,000 on September 1, 2016. It had a useful life of 10 years. On January 1, 2018, D
natita [175]

Answer:

amount that should be reported for patent amortization expense for 2018 will be $90000.27

Explanation:

given data

purchased patent = $405,000

useful life = 10 years

spent = $99,000

remaining useful life = 5 years

solution

first we get here amortization from September 1, 2016 - January 1, 2018 that is

September 1 - december 31 = \frac{4}{12}  = 0.333333

amortization = (1 + 0.333333) × (405000 ÷ 10)

amortization = $53998.65

and

now we get remaining value before defence

remaining value = $405,000 - $53998.65

remaining value = $351001.35

and

now we get here amount to be reported for patent amortization expense for 2018

amount = ( $351001.35 + $99,000 ) ÷ 5

amount = $90000.27

so amount that should be reported for patent amortization expense for 2018 will be $90000.27

7 0
2 years ago
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