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AVprozaik [17]
3 years ago
12

An insured owns an individual disability income policy with a 30-day elimination period for sickness and accidents and a monthly

indemnity benefit of $500. if the insured is disabled for 3 1/2 months, what is the maximum amount he would receive for an approved claim?
Business
1 answer:
siniylev [52]3 years ago
6 0

The elimination period also called waiting time is the amount of time that should pass or be satisfied before the person can enjoy the benefits of the disability plan.

Since the elimination period is 30 days or 1 month and the insured is only disabled for about 3.5 months, therefore the benefits he will receive would only be equivalent to 2.5 months worth of benefits. Calculating for the maximum money he can received:

Maximum amount of money he can receive = monthly indemnity benefit * number of months

Maximum amount of money he can receive = ($500 / month) * (2.5 months)

<span>Maximum amount of money he can receive = $1,250</span>

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Ne4ueva [31]

Answer:

D) has sunk costs of $6,000

Explanation:

Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.

Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.

Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.

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8 0
3 years ago
The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total s
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Answer:

December 31,

DR Payroll Tax Expense...........................................$18,670

CR Social Security Taxes Payable..........................................$13,200

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Federal Unemployment tax = 0.8% * 35,000 = $280

State Unemployment tax = 5.4% * 35,000 = 1,890

5 0
4 years ago
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Higher because there is reduction in the list price of tickets for football games.
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3 years ago
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mafiozo [28]

Answer: programming stage

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