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:
$48.40
Explanation:
Yield = 6%
Rate = Yield/2 = 6%/2 = 3%
YTM = 9
Nper = YTM*2 = 9*2 = 18
Face value = $1,000
Price(PV) = $920
Monthly payment = PMT(0.03, 18, -920, 1000)
Monthly payment = $24.1833
Coupon rate = (PMT/Face value) * 2
Coupon rate = (24.1833/1000) * 2
Coupon rate = 0.0241833 * 2
Coupon rate = 0.0483666
Coupon rate = 4.84%
Annual coupon payment = Face value * Coupon rate
Annual coupon payment = $1000 * 4.84%
Annual coupon payment = $48.40
Answer:
Alpine West, Inc.
a. When Alpine West, Inc. should recognize revenue from the sale of its season passes evenly over five months from December to April when the passes are put to use.
b. General Journal for
November 6:
Debit Cash Account $460
Credit Deferred Revenue $460
To record the purchase of a season ticket or pass by Jake Lawson.
December 31:
Debit Deferred Revenue $92
Credit Service Revenue $92
To record the ski service consumed by Jake Lawson for December.
c. In Alpine West, Inc.'s income statement and balance for 2013, the following amounts will be included in relation to the sale of the season pass to Jake Lawson:
Income Statement: Service Revenue $92 and related costs.
Balance Sheet: Deferred Revenue (Liabilities side) $368 ($460 - 92).
Explanation:
Alpine West, Inc. will make the above entries in accordance with the accrual concept and matching principle of generally accepted accounting principles. These require that revenue, income, and expenses related to a period must be accrued for that period whether actually received / paid or not. It also means that the costs incurred for any revenue generated must be matched to the revenue and vice versa for that particular period.
Answer:
17.5%
Explanation:
depreciation = 400,000 / 5 = 80,000
return = $250,000 - %100,000 - $80,000 = 70,000
70,000 / 250,000 =
Answer:
C. It is not a good brand name because it is too long.
Explanation:
I would say that It is not a good brand name because it is too long. The reason is that brand name needs to be concise and to the point. It should be catchy and some cases should suggest what the brand is about.
It can be the product name but even for that it is too long. This brand name fits perfectly as a tag line for this new dog food line.
I hope the answer is helpful. Thanks for asking.
