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>
Answer: $1,018
Explanation:
Cities are 90 miles apart so a roundtrip is 180 miles which means that the operating cost per trip is:
= 1.30 * 180
= $234
Total cost per trip = Divers cost + operating cost
= 275 + 234
= $509
Four trips are made per week so total cost is:
= 509 * 4
= $2,036
If each sent its truck twice a week and hauled the other firm's cargo on the return trip then savings would be:
= Cost of 4 trips - cost of 2 trips
= 2,036 - (509 * 2)
= $1,018
I think the answer is false because many schools raise fundraisers to help pay for things. If this is the case the money for the school will be quite low
Answer:
Preferred stock holders' dividend = $280000
Common stock holders' dividend = $8000
Explanation:
A cumulative preferred stock is one whose dividends are accumulated in arrears and are to paid in the following year(s), if the company fails to pay or partially pay the dividends in a certain year. The yearly dividend on preferred stock is,
Preferred stock dividend = 10000 * 200 * 0.07 = $140000
As the dividends on preferred stock are in arrears for one year, the company will pay a dividend this year on preferred stock of,
Preferred stock dividend to be paid = 140000 + 140000 = $280000
Thus, out of the announced dividend of $288000, $280000 will be paid to the preferred stock holders while the remaining $8000 will be paid to the common stock holders.
Answer:
The appropriate solution will be "$1320".
Explanation:
The given values are:
Material's actual quantity
= $6600
Standard price
= $2.00
Actual price
= $2.20
Now,
The material price variance will be:
= Actual quantity (Standard price - Actual price)
On substituting the values, we get
= 
= 
= 
($)
