All categories

3 years ago

With disability income insurance, benefits usually begin:

Business

2 answers:

Alexxx [7]3 years ago

7 0

Answer:

between 30 and 90 days after the disability occurs.

Explanation:

If you are eligible for Social Security disability benefits there is a waiting period of 1 to 3 months before your benefits begin

If you receive work compensation or disability benefit payments, you can reduce Social Security benefits for you and your family.

Public disability benefit payments paid under a federal, state or local government law may affect your Social Security benefit. This includes civil service disability benefits, state temporary disability benefits and state or local government retirement benefits based on disability. Disability payments from private sources, such as a private pension or insurance benefits, do not affect your Social Security disability benefits. However, in some cases, private disability insurers may require you to apply for Social Security disability benefits before being paid. You may want to verify to know the policy of your private insurer.

vladimir2022 [97]3 years ago

4 0

Between 30 and 90 days after the disability occurs

You might be interested in

Taylor's Hardware is acquiring The Corner Store for $50,000 in cash. Taylor's has 2,200 shares of stock outstanding at a market

Katena32 [7]

Answer:

$27,000

Explanation:

Taylor share $39,600

(2,200 * 18)

Add: Corner share Acquired $35,100

(1,300 * 27)

Add: incremental value $2,300

Less: Cash paid $50,000

Value of Taylor's Hardware $27,000

after the acquisition

7 0

3 years ago

Burns Corp. had the following items:

OLga [1]

Answer:

Option D is correct because the only item that relates to Income statement is Sales Revenue of $45000 and the remainder transactions net effect must go to Comprehensive Income statement.

Net effect = - $36k + $28k - $17k -$3.1k = $28.1 Loss

This net effect realized during the year in the Comprehensive Income statement because these transaction does not directly relate to core operation of the entity.

7 0

3 years ago

Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead ra

pantera1 [17]

Adirondack Marketing Inc.'s Factory Overhead per unit of Product A is d. $222.09 per unit.

Data and Calculations:

Overhead Total Direct Labor Hours DLH per Product

A B

Painting Dept. $251,700 10,200 9 5

Finishing Dept. 61,700 11,900 5 6

Totals $313,400 22,100 14 11

The overhead rate for a unit of Product A in the Painting Department = Total overhead in the Painting Department divided by Direct Labor Hours, multiplied by direct labor hours per unit of Product A.

= $222.09 ($251,700/10,200 x 9)

Thus, for a unit of Product A, the overhead rate in the Painting Department is $222.09.

Learn more about overhead allocation at brainly.com/question/14095583

5 0

3 years ago

Suppose the price of gasoline in July 2004 averaged $1.35 a gallon and 15 million gallons a day were sold. In October 2004, the

Alenkinab [10]

Answer:

0.15

Inelastic

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 14 million - 15 million = -1 million

average of both demands = (14 million + 15 million ) / 2 = 14.50 million

Midpoint change in quantity demanded = -1 million / 14.50 million = -0.069

midpoint change in price = change in price / average of both price

change in price = $2.15 - $1.35 = $0.80

average of both prices = ( $2.15 + $1.35 ) / 2 = $1.75

midpoint change in price = $0.80 / $1.75 = 0.457

-0.069 / 0.457 = 0.15 demand is inelastic

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

6 0

3 years ago

Multiple-step income statements show

devlian [24]

Answer:

both income from operations and gross profit.

Explanation:

As we know that

The income statement recognized the revenues earned and the expenses incurred for a particular period

And the multiple-step income statement refers to the classification of expenses like

The format is shown below:

Sales XXXXX

Less: Cost of goods sold XXXXX

Gross profit XXXXX

Less: Operating expenses

Administrative expenses XXXXX

Selling expenses XXXXX

Operating income XXXXX

Non operating income or others

Less: Interest expense XXXXX

Rent revenue XXXXX

Net income XXXXX

Therefore, the third option is correct

4 0

3 years ago