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3 years ago

Claude received notice that his disability benefits had ended and that he must resume working. Is Claude entitled to a hearing?

Business

2 answers:

Jet001 [13]3 years ago

3 0

Answer:

Claude is entitled to a hearing whenever any benefits are terminated and he requests one.

Explanation:

Benefits like we all know is the financial support offered to someone who is unable to carry out a specific function due to a given constraint. This constraints could be as a result of disability or an illness.

For Claude benefits to be cut off without actual investigation to evaluate if there is need for that was a wrong move. Claude is definitely entitled to a hearing regarding to that suspension of his benefits.

densk [106]3 years ago

3 0

Answer:

Only if Claude can prove that the loss of his benefits involves a liberty or property interest.

Explanation:

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The balance in accounts receivable at the beginning of 2016 was $600. During 2016, $3,200 of credit sales were recorded. If the

andreyandreev [35.5K]

Answer:

$3,100

Explanation:

Step 1: Draw up the Accounts Receivable Account

Opening Balance $600 Allowance for Doubtful debt $200

Sales $3,200 Cash Collected $3,100

Closing Balance $500

$3,800 $3,800

To calculate the cash collected from customers

first, add the debit side of the accounts receivable which is a sum of the opening balance and sales= 3,800

Secondly, add the figures in the credit side including allowance for doubtful debt and closing balance= $700

Thirdly, Subtract the lesser side from the greater, $3,800 - $700 = $3,100

$3,100 was cash collected from the customers in 2016

8 0

3 years ago

You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to

aivan3 [116]

Answer:

$2,222,222.22

Explanation:

The data provided in the question

Annual scholarship provided = $100,000

Guaranteed rate of return = 4.5%

So by considering the above information, the amount i.e deposited today is

= Annual scholarship provided ÷ Guaranteed rate of return

= $100,000 ÷ 4.50%

= $2,222,222.22

By dividing the annual scholarship by the rate of return we can get the deposited amount

8 0

4 years ago

When a company uses the allowance method to measure bad debts, ________.

Phoenix [80]

When a company uses the allowance method to measure bad debts, the amount of bad debts expense is estimated at the end of the accounting period.

The allowance method is used when adjusting accounts receivable on the balance sheet. This refers to amounts that have not been collected yet, such as bad debt.

6 0

3 years ago

Which of the following costs is a mixed cost?

koban [17]

Answer:

3. Rental costs of $5,000 per month plus $.30 per machine hour of use

Explanation:

Mixed cost is the one which has both the factors, variable and fixed.

Sometimes, the segregation is also difficult, when the total cost is given.

In the chosen option also, there is a fixed cost involved that is monthly expense of $5,000.

Further for each hour of machine used the cost increases and is $0.30 per hour.

That is variable as the total will depend upon the number of hours the machine is used.

All the other three are either completely fixed like salary, and depreciation, or either completely variable like electricity cost.

7 0

3 years ago

Bloom now believes it is more likely than not that it will have to sell the Taylor bonds before the bonds have a chance to recov

kow [346]

Answer:

Other than Temporary Impairment loss (Dr.) $400,000

Discount on bond investment (Cr.) $400,000

Fair value Adjustment (Dr.) $150,000

Net unrealized holding gain/losses - OCI (Cr.) $150,000

Explanation:

To record impairment loss on bond we debit the Other than temporary impairment loss account debit and discount on bond investment as credit by $400,000 which is the decline in fair value of Taylor bond.

To record the impairment loss recognized due to fair value method we debit the Fair value adjustment account as debit and Unrealized holding gains/losses as credit by $150,000.

6 0

3 years ago