Alain is married and the father of two young children. He owns an excavation firm. Every month,

Fantastic news! We've Found the answer you've been seeking!

Question:

Alain is married and the father of two young children. He owns an excavation firm. Every month, he must pay $3,000 in fixed costs including rent, equipment rental and professional liability insurance. His annual salary from his business is in the order of $80,000. What amount of monthly benefit does he need in the event of disability? $4,000 per month to replace just his income. $3,000 per month ta cover just his fixed costs. $3,000 per manth to cover his fixed costs plus $4,000 per month to replace his income. $7,000 per month to replace his income

Posted Date: May 18, 2024 05:11 PM

See More Questions

What are the two(2) products dimensions that could be used if a position Map/Perception Map were to be created for VIA instant coffee?
What are the purposes for closing the books?
You have been elected onto the budget committee of a hospital and have been tasked with reviewing the approach taken by the hospital towards budget-setting. The hospital has a relatively stable level...
The following items and amounts were taken from Linus Inc.s 2012 income statement and balance sheet. ______ Cash $ 84,700 ______ Accounts receivable 88,419 ______ Retained earnings 123,192 ______...
In a study of smokers who tried to quit smoking with nicotine patch therapy, 39 were smoking one year after the treatment, and 32 were not smoking one year after the treatment (based on data from...
A change in the market price of an asset will occur as a result of changes in: a. investors required rates of return b. investors expected returns from the asset c. book value of the asset d....
Alysha has to choose between two investments that have the same cost today. Both investments will ultimately pay $1,100 but at different times, as shown in the table below. If Alysha does not choose...
Which of the following is more likely to be a foreseeable party? a. A member of the general public, unknown to the auditor, who invests in stock of the auditor's client and relies on the audited...
Show that $\mathbb{R}^{n}$ with the usual topology is a Hausdorff space.
According to the AICPA Code of Professional Con- duct, a CPA who has a financial interest in a partnership that invests in a client is considered to have a. An indirect financial interest in the...
What does the rule on independence state about loans from audit clients?
Let a differentiable manifold $M_{1}$ be the set of real numbers $\mathbb{R}$, with the coordinate $\phi_{1}(x)=x$, and $M_{2}$ also $\mathbb{R}$ but with the coordinate $\phi_{2}(x)=x^{3}$. Show...
Using data from FRED, plot the series "Moody's Seasoned Aaa Corporate Bond Yield", representing the borrowing cost for companies with high credit ratings, and "Moody's Seasoned Baa Corporate Bond...
Define the essential properties of the following types of operating systems: a. Batch b. Interactive c. Time sharing d. Real time e. Network f. Parallel g. Distributed h. Clustered i. Handheld
During 20x6, Chester Corporation reported a net income of $1,529,500. On January 1, Chester had 1,400,000 shares of common stock outstanding. The company issued an additional 840,000 shares of common...
The stockholders equity section of Ruff Corporations balance sheet on December 31, 20x7, follows. Prepare a statement of stockholders equity for the year ended December 31, 20x8, assuming these...
On January 15, the board of directors of Picado International declared a 3-for-1 stock split of its $12 par value common stock, of which 1,600,000 shares were authorized and 400,000 were issued and...

Alain is married and the father of two young children. He owns an excavation firm. Every month,

Question:

Expert Answer:

Students also viewed these accounting questions