nineteen thousand two hundred and fifity pounds of material were purchased at a cost of $1.70 per pound. all of the material purchased was used to produce 2,500 units of zoom. 400 hours of direct labor time were recorded at a total labor cost of $5,200.
Answers
Total labor cost of= $ 1.925 f
Standard (2,500)
Actuals (2,500)
materials
17,750
quantity
(7.10 *2,500)
19,250
price
$ 1.80
$1.70
Labour
500
hours
(0.20 *2500)
400
rate
$12.00
$13.00 (5,200/400)
1 Material price variance
= (Actual Price- Standard Price) Actual Quantity
= (1.70-1.80)* 19.250
= 0.1* 19.250
= $ 1.925 f
Total labor costs are the total cost of the hours worked by all employees, plus any associated payroll taxes and benefits. This amount is used to budget the company's financial results.
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Nineteen thousand two hundred and fifty pounds of material were purchased at a cost of $1.70 per pound. all of the material purchased was used to produce 2,500 units of zoom. 400 hours of direct labor time were recorded at a total labor cost of $5,200.
Material refers to a aspect that some thing else is comprised of. cloth can also talk over with material or can be used to describe something this is made from depend and exists in the physical world. cloth has many other senses as a noun and an adjective.
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Related Questions
Financial Statement Presentation
Olin Corp. reported the following amounts for the year just ended:
Land $90
Trademarks 16
Equipment 83
Buildings 110
Goodwill 32
Accumulated amortization 10
Accumulated depreciation 55
Prepare a partial balance sheet for these amounts.
Property, Plant and Equipment (net) Goodwill Intangible Assets
Answers
The total assets for Olin Corp. is $266 as per the partial balance sheet of the company.
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a firm is provided by balance sheets.
The balance sheet is a financial statement that gives a quick overview of the assets and liabilities of a firm as well as the amount of shareholder investment. When doing basic analysis or calculating financial ratios, balance sheets can be utilized in conjunction with other crucial financial data.
Partial Balance Sheet:
Equipment $83
Buildings $110
Less: Accumulated depreciation -$55 = 193 - 55 = $138
Trademarks $16
Goodwill $32
Less: accumulated amortization: -$10 = $48 - $10 = $38
Land $90
Total Assets = $266
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miller collected $70,000 of cash from its receivables accounts. the company estimates that it will be unable to collect 3% of its sales on account. what is the amount of uncollectible accounts expense that will be recognized on the year 1 income statement?
Answers
$29,910 - The final accounts receivable balance is $33,000 ($0 initial balance + $103,000 in revenue on account - $70,000 in collections, $3,090 is the final amount of the allowance for doubtful accounts, $33,00 - $3,090 = net realizable value of $29,910).
What is cash from receivable accounts?Receivables from customers represent a short-term obligation for them as well as cash to one's organization. How long one can wait for a customer to pay depends on the cash flow factors. The supplier reports the short-term credit as current assets on the balance sheet, which has an impact on cash flow as accounts payable.
Is cash similar to accounts receivable?Accounts receivable are, in other words, short-term lines of credit that a business owner offers to the client.
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A taxpayer faces the following tax rates on her income: 20 percent of the first $40,000 of her income; 30 percent of all her income above $40,000. The taxpayer faces:
a. an average tax rate of 22.5 percent when her income is $30,000.
b. an average tax rate of 22.0 percent when her income is $50,000.
c. a marginal tax rate of 10 percent when her income rises from $40,000 to $40,001.
d. a marginal tax rate of 50 percent when her income rises from $60,000 to $60,001.
Answers
When the taxpayer earns $50,000, she is subject to the an average rate of taxes of 22.0 percent.
What payment is a tax?Tax Payments are cash payments for federal, state, and municipal I income, franchise, and other comparable taxes and levies levied on or measured by net income and paid or paid by or for behalf of the borrowers and its businesses or directly attributable.
What is basic tax?A whole number of assets or earnings that can be collected by a taxing body, typically the government, is referred to as the tax base. It is employed to figure out tax obligations. This can take many different forms, such as money or real estate.
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imagine that you are the ceo of a multinational corporate consumer food company. what would make it attractive to you to consider related diversification via acquisition rather than unrelated diversification into a new industry, such by forming an internal startup subsidiary to enter and compete in the target industry?
Answers
The stronger the bonds between sister companies in a diversified firm, the greater the opportunity for the firm to convert strategic fit into a competitive advantage by gaining strategic advantage.
Related diversification (entering a new industry that shares significant similarities with the firm's existing industry) is wiser than unrelated diversification (entering a new industry that does not share such similarities). Diversification strategies, such as concentric diversification, involve adding similar products or services to existing businesses. Horizontal diversification involves offering new independent products or services to existing consumers or diversifying conglomerates.
Companies are considered related if their value chains are competitive and demonstrate a strategic fit between them. A company is said to be fragmented when its value chain is highly diverse and there are no competitive inter-business relationships.
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You opened several accounts with XYZ broker. Which of
the following accounts is under identical ownership as your
individual portfolio margin account?
a. Your Roth Individual Retirement Account
b. Your Individual Margin Account
c. Your Joint Account with Rights of Survivorship
d. Your Corporate Account
e. Your 401(k) Account
Answers
The same people own both your individual margin account and your individual portfolio margin account.
What exactly is a personal margin account?A "margin account" is a specific kind of brokerage account where its broker-dealer lends the user money to buy securities while using the account as collateral. While margin increases an investor's purchasing power, it also puts them at greater risk of suffering greater losses.
Are margin accounts suitable for novices?Since it's not always obvious what amount you've received from you firm and how much you have in equity, as well as the fact that it's simple to consider with all your investments as your money even if a lot of it is borrowed, it's best to avoid selling on margin, especially for new investors.
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Malcolm should have explained how each person could benefit from completing his or her part of the project, which would be using what influence tactic?.
Answers
Malcolm should have explained how each person could benefit from completing his or her part of the project, which would be using apprising influence tactic.
How will the actions benefit the followers personally or develop their jobs, which makes the tasks more desirable?
Utilizes flattery and praise to win people over. Personal requests, Requests that are made in the name of friendship or personal favour.
What do influencing strategies entail?
The 10 positive influence techniques—logical persuasion, legitimising, trading, asserting, socialising, appealing to relationships, consulting, alliance-building, appealing to ideals, and modelling are what people commonly try to use to lead and/or influence others, according to research.
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Of The Following Is The Best Example Of An Oligopolistic Industry. A. Automobiles Production B. Grocery Stores C. Soybean Farming
D. Electric Power
Answers
A. Automobile Production is the best example of an oligopolistic industry.
In the field of business, an oligopolistic industry can be described as an industry in which there are lower firms and hence the forms can put a sales price of their choice.
An oligopolistic industry will have lesser competition because there are lesser firms of the same kind in the market. As a result, the oligopolistic industry forms have independent pricing.
An example of an oligopolistic industry is automobile production. There are lesser forms involved in automobile production hence the pricing of automobiles is independent for each firm.
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(common stockholder expected return) the market price for earnest corporation common stock is $39 per share. the price at the end of 1 year is expected to be $44, and dividends for next year should be $1.25. what is the expected rate of return?
Answers
The expected rate of return when the market price for earnest corporation common stock is $39 per share is 16.03%.
What is the expected rate of return?The expected rate of return is the expected return on investment for an investor. It is calculated by estimating the probability of a full range of investment returns, with the probabilities adding up to 100%. The expected return is the amount of profit or loss that an investor can expect from an investment. An expected return is calculated by multiplying potential outcomes by the probability that they will occur and then adding the results. Returns on investment cannot be guaranteed.
Rate of return is computed as shown below:
= (Expected price at end of year 1 - current price + dividend) / current price
= ($ 44 - $ 39 + $ 1.25) / $ 39
= $ 6.25 / $ 39
= 16.03%
In conclusion, the answer is 16.03%.
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______ represents the degree to which employees are accepted and treated fairly by their organization.
Answers
Inclusion represents degree to which the employees are accepted and treated fairly by organization.
What makes organization crucial?
However, sustaining organization can improve your health and make you happier and more at ease. Your life can become chaotic if you're disorganized. It could result in despair and more tension. Disorganization can be a fire risk, as well as a source of mold growth and dust accumulation.
What are the features of organization?
To enable people to collaborate most productively in achieving goals, organization is the process of identifying and grouping the work that needs to be done, defining and delegating responsibility and authority, and building relationships.
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what is arbitrage? why does the internal revenue service place strict limits on the amount of arbitrage that a municipality can earn
Answers
Arbitrage is the simultaneous purchase and sale of a single asset or a group of related assets in various markets with the goal of making a profit from minute variations in the asset's quoted price.
It takes advantage of brief fluctuations in the cost of identical or comparable financial products on various markets or in various forms. Arbitrage offers a way to make sure that prices don't diverge significantly from fair value over an extended period of time. Technology improvements have made it very challenging to profit from pricing mistakes in the market.
A lot of traders have automated trading programs configured to track changes in similar financial instruments. Any ineffective price structures are typically addressed immediately, frequently within a few seconds, and the opportunity is lost.
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concluding that a company is in violation of antitrust laws because it controls over 90 percent of the market is an application of judgment by:
Answers
The act of concluding that a company is in violation of antitrust laws because it controls over 90 percent of the market is an application of judgment by performance.
What is a judgment by performance?Basically, a Judgement refers to the decision carried out in the courts under a court order that concludes disputes of two people or parties by listening to a claim of both parties and determining which party is correct.
Judgements are always monetary, but can also be non-monetary and legally enforceable. In most cases, the judgment is based on money since money is the only form used as compensation.
The judgment by performance implies the competitiveness of the markets evaluated by the conduct of companies in this industry. Under this, the evaluation by the team focuses on how the firms behave in the market.
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what is a common approach using the professional expertise within an organization to develop and maintain the organization's information technology systems? group of answer choices insourcing outsourcing business process outsourcing offshore outsourcing
Answers
Outsourcing is a common approach using the professional expertise within an organization to develop and maintain the organization's information technology systems.
How Does outsourcing Work?
The practise of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy. As a result, it may have an impact on a variety of occupations, including customer service, manufacturing, and back-office work.
In the 1990s, outsourcing became a crucial component of corporate economics after it was initially acknowledged as a business strategy in 1989.
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g which of the following is an example of trade policy at the regional level? a congress passing legislation to prevent dumping b the general agreement on tariffs and trade being made c the european union adopting a common currency d the world trade organization holding a round of negotiations in france
Answers
The Congress passing legislation to prevent dumping an example of trade policy at the regional level.
What is dumping in trade policy?A scenario of international price discrimination known as "dumping" occurs when a product's price in the market of the importing country is lower than its price in the market of the exporting country. When it feels that a product is being "dumped" by being sold at a low price in the domestic market, the government puts anti-dumping duties on imports from abroad.
A home government may levy an anti-dumping charge on imports from abroad that it deems to be being sold below fair market value. One of a number of American laws intended to stop unfair trade practices is the Antidumping Act of 1921. Congress passed legislation to prevent dumping an example of trade policy at the regional level.
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Compared to a channel of distribution, a supply chain is
Answers
In contrast to a distribution route, a supply chain is longer as a result of the supplier linkages.
What connection exists between a supply chain and a distribution channel?By reducing inventory and transferring items from producers to end users quickly, supply chain management increases the efficiency of logistics services. A distribution channel is the collection of marketing organizations that products transit through on their path from producers to end users and consumers.
What role does supply chain management's distribution channel design play?Your supply and demand must be balanced, which calls for supply chain distribution. Your distribution plan should be able to adapt to changes in the market, such as disruptions in the supply chain and an increase in demand. Reducing the amount of interactions required to move a product from supplier to customer is the goal of the distribution chain.
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based on the national debt in 2020, if the interest rate on the debt were to rise from 2% to 5%, the interest payment on the debt would rise from to of government revenue.
Answers
The interest payment on the debt would rise from 0.2 to 0.5 of government revenue.
Government revenue, often known as national revenue, is the sum of money that a government receives from taxes and other sources to fund its operations. Both government spending and revenue are essential elements of the government budget and instruments of fiscal policy.
All of the government's earnings from taxes and other sources are referred to as government revenue. Government expenses are covered by these money. The government's fiscal policy heavily relies on its revenues and expenditures.
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a treasury bill purchased in december 2020 has 143 days until maturity and a bank discount yield of 2.18 percent. assume a $100 face value. a. what is the price of the bill as a percentage of face value?
Answers
The price of the bill as a percentage of face value is $99.17 to percent face value of 2%.
given that :
face value = $100
discount yield = 2.18 % = 0.0218
time = 143 days
discount yield = [ (FV - P)/ P ]× (360/ d)
0.0218 = [( 100 - P )/P] × 360/143
0.0218P = (100 - P ) 2.517
0.0218 P + 2.517 P = 251.7
P = 251.7 /2.538
P = $99.17
now, the bond equivalent yield is given as :
BEY = ( face value - purchase price ) / purchase price × 360 / day
BEY = ( 100 - 99.17 ) / 99.17 × 36 / 143
BEY = 0.0083 × 2.517
BEY = 0.020
BEY to percent = 2%
Thus, the price of the bill is $99.17.
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an individual demand curve is a graph: that plots the quantity of an item that someone plans to buy, at one single price point. that plots the market price of a product at different points in time. that plots the quantity of an item that a seller plans to sell, at each price. that plots the quantity of an item that someone plans to buy, at each price.
Answers
An individual demand curve is a graph: That plots the quantity of an item that someone is planning to buy, at each price.
Individual call for Curve: the relationship between the quantity of a product a single consumer is inclined to shop for and its price. Marketplace demand Curve: the connection among the amount of a product that every consumers within the market are willing to shop for and its price.
The demand curve is a graphical representation of the relationship among the rate of a terrific or provider and the quantity demanded for a given time frame. In a regular representation, the price will appear on the left vertical axis, the quantity demanded at the horizontal axis.
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the intersection of a firm's marginal revenue and marginal cost curves determines the level of output at which question 8 options: total revenue is equal to variable cost. total revenue is equal to fixed cost. total revenue is equal to total cost. profit is maximized.
Answers
The intersection of a firm's marginal revenue and marginal cost curves determines the level of output when profit is maximized.
What Is the relationship between Marginal Cost and Marginal Revenue?Marginal cost can be explained as the extra expense that is been incurred by a business when producing one additional product or service.
It shouyld be noted that the Marginal revenue, can be perceiuved as the incremental increase in revenue that a business experiences wshen the production of one more product or service has been achieved.
In conclusion, In economics, the marginal cost is which can be seen as the change in the total cost that comes up in a case whereby the quantity produced is incremented, as well as the cost of producing additional quantity ios very important to calculat, hence in the case above the profit is maximized.
Therefore, option D is correct.
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If jesse wants to buy a $75,000 10-year term life insurance policy, and the annual premium rate (per $1000 of face value) for his age group is $2.34, how much is jesse’s annual premium? a. $175.50 b. $3,205.12 c. $234.00 d. $1,755.00 please select the best answer from the choices provided a b c d
Answers
Jessie's annual premium for the insurance policy is $1755.
What is annual premium?A yearly premium is the sum that an insured must pay to maintain their insurance coverage over the course of a year. When the insurance company assesses your risk factors, they determine the annual premium you must pay for life insurance. Most insurance policies have a yearly premium, though occasionally you can opt for a single-premium coverage. Instead of making regular payments throughout the term of your policy, single-premium life insurance requires you to pay the total amount due in one go. Your yearly premium tells you how much you must pay to the insurance company in order to keep your policy active for the entire year.
Annual premium=1755000/1000=1755.
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smith company the following information on the financial statements: net income $50,000 preferred dividends 8,000 average common stockholder’s equity 180,000 average number of common shares outstanding 250,000 shares market price $2 per share what is the earnings per share (to the nearest penny)?
Answers
0.17, The monetary worth of an organization's earnings per outstanding share of common stock is known as earnings per share.
Is a high profit per share desirable?Calculating earnings per share
You would deduct those from the earnings if the company was required to distribute preferred dividends. When a company has a high EPS, it has done well during the earnings period and investors are prepared to pay more for its shares, increasing its value to current investors.
A healthy EPS is what?What makes a good EPS is a question that has no clear solution. When comparing businesses, it is beneficial to pay special attention to how EPS is trending and how it compares to rival companies' earnings. Keep in mind that higher EPS can imply expansion and rising stock prices.
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knowledge check when investors doubt the creditworthiness of a borrower, what should happene to the price and yield of the bond
Answers
When investors doubt the creditworthiness of a borrower Prices go down, yield go up of the bond.
What should happen to the bond's price and yield when investors question the borrower's creditworthiness?Bond yields are correlated with bond prices. Doubts about creditworthiness will simultaneously lower bond prices and raise yields. You can better comprehend this relationship by using the example below
Consider a buyer of a bond with a 10-year maturity and an 8% yearly coupon. $100 is the face value. The bond will be less appealing than alternative bonds and financial instruments paying greater interest rates if interest rates rise above 8% and the investor decides not to sell the bond.
If the bond's owner decides to sell it, the price may be lowered. This will enable the yield to be equalized between coupon payments and maturity values. The price must also be reduced by investors.
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companies need a customer relationship management program in order to? companies need a customer relationship management program in order to? all of these answer choices are correct acquire new customers meet the changing expectations of customers none of the other answer choices are correct retain their existing customers
Answers
Companies need a customer relationship management program in order to gain new consumers, keep their current ones, and adjust to changing client demands.
what is customer relationship management (CRM) ?(CRM) is the transformation of the people, process, and technology required to become a customer-centric organization. It is a philosophy of putting the customer first, it involves acquiring, retaining and partnering with selective customers to create superior value for both the company and the customer, it provides a means and a method to enhance the experience of individual customer so that they will remain customers for life.
What is the Function of CRM in Supply Chain Management?In order to succeed, a business must find ways to satisfy its customers; otherwise, just as any company would react to a non-performing supplier, the customer leaves and takes years' worth of future purchases with them. In addition, businesses must develop ways to become and remain good suppliers themselves because many businesses do not sell their goods directly to end users.
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cost of equity: sml. stan is expanding his business and will sell common stock for the needed funds. if the current risk-free rate is % and the expected market return is %, what is the cost of equity for stan if the beta of the stock is a. ? b. ? c. ? d. ?
Answers
The needed rate or return, abbreviated r, is the minimal return required by investors to invest inside a company's shares, and it is calculated using the SML approach. This is also measured at cost of equity.
What factors affect equity cost?
Factors including dividend per share, share market value, dividend, beta, risk-free gain, and anticipated market return can all have an impact on the cost of equity. Risk, risk of inflation, exchange risk, and other factors can have an impact on the cost of capital.
What causes a negative cost of equity?It occurs when a firm's liabilities outweigh its assets, or, to put it in broader financial terms, when the company has sustained losses that are bigger than the sum of all dividend payments and accrued earnings from prior periods.
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Horizontal integration can ______.
Multiple choice question.
help a firm improve its strategic position in an industry
decrease the geographic scope of a firm
lower the cost of production through decreased economies of scope
Answers
A company's strategic positioning within an industry can be improved by horizontal integration.
Acquisition of a company that produces or provides comparable goods or services and operates at the same level of the value chain as the target company is known as horizontal integration. As opposed to vertical integration, which involves businesses expanding into activities upstream or downstream that are at various stages of production,
Key lesson
A business approach known as "horizontal integration" involves one company expanding its operations within a certain industry at the same rate.Horizontal integrations assist businesses in increasing their size and revenue, entering new markets, diversifying their product lines, and lowering competition.+Regulatory scrutiny, fewer consumer options, decreased internal flexibility, and the propensity to destroy value rather than generate it are drawbacks of horizontal integration.A business can horizontally integrate by joining forces with another business, purchasing another business, or growing its internal operations.Vertical integration, which involves a corporation acquiring a business that is active in the same industry but at a different step of the production process, is an alternative to horizontal integration.To learn more about horizontal integration please click on the given https://brainly.com/question/11081329
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terry worked for two employers during 2021. the amount of wages paid to terry by both employers totaled $168,400 and the employers properly withheld both income and employment taxes. as a result of terry's two jobs: a.terry will complete a new form w-4 for his second employer that will direct the employer to withhold no employment taxes. b.terry will claim an employee retention credit in 2021. c.terry will claim a credit for excess social security taxes paid on his 2021 income tax return. d.terry will receive a credit against his employment taxes in 2021 from his second employer. e.terry will file a form 843 with the social security administration to claim back excess withheld employment taxes.
Answers
As result of Terry's two jobs he will claim credit for excess Social Security taxes on his 2018 income tax return.
What is income tax?A tax known as an income tax is one that is assessed on individuals or groups of people (taxpayers) in accordance with the income or profits they have generated. To compute income tax, tax rates and taxable income are frequently multiplied. Tax rates may vary depending on the types of taxpayers and income. The tax rate may increase as the amount of taxable income does (referred to as graduated or progressive tax rates). One sort of tax that is levied against corporations is corporate tax, which is frequently calculated at a flat rate. Progressive taxation, where the tax rate increases with each new unit of income, is a common taxing method for individual income. Usually, local charitable organizations are excluded from paying taxes.
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the new testament does not affirm that the genesis account of the fall has lasting consequences. t/f
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The new testament does not affirm that the genesis account of the fall has lasting consequences. given statement are false.
The New Testament (NT) is the second division of the Christian Bible. It examines Jesus' teachings and persona, as well as events in first-century Christianity. The background of the New Testament, the first division of the Christian Bible, is known as the Old Testament, which is primarily based on the Hebrew Bible; together, they are regarded as sacred scripture by Christians.
What is the main point of the New Testament?
It relates and interprets the new covenant between God and the followers of Christ, the promised Messiah, as represented by his life and death. It, like the Old Testament, contains a variety of writing styles.
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dispatchers at 9-1-1 call centers are never required to work overtime or on weekends and holidays. is the previous statement true or false?
Answers
The statement, dispatchers at 9-1-1 call centers are never required to work overtime or on weekends and holidays, is a false statement.
What is 9-1-1?
Emergency numbers in the United States, Canada, Mexico, Panama, Palau, Argentina, Philippines, Jordan, and the North American Numbering Plan (NANP), one of eight N11 codes, are 9-1-1, sometimes abbreviated as 911. This number, like others used in emergencies across the world, is only to be used in emergency situations. Most jurisdictions consider it illegal to use it for any other reason, including making prank or fake calls.
What are call centers?
A controlled capacity that can be centrally located or remote that is used for receiving or sending a high volume of phone inquiries is known as a call centre (Commonwealth spelling) or a call centre (American spelling; see spelling variants). A business runs an inbound call centre to handle incoming customer product or service support or information requests. Outbound call centres are typically used for sales activities like telemarketing, contribution solicitation for charities or political causes, debt collection, market research, emergency notice, and blood banks for urgent or critical requirements.
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dispatchers at 9-1-1 call centers are never required to work overtime or on weekends and holidays. is the previous statement true or false?
in 1999, two pharmaceutical companies that held an equal market share decided to pool their operations to create a new firm that was known by a different name. this is an example of a(n):
Answers
An illustration of a merger is this. A merger is a business transaction in which two independent, presently operational businesses combine to create a single, new legal entity.
Combine is the same as merge. Both companies aim to gain from the acquisition and are frequently similar in size and scope. Company mergers, which increase the product offering, vertical mergers, which benefit from already-existing independent, and horizontal mergers, which increase market share, are the three main types of mergers. Mergers and acquisitions refer to the process by which two companies come together, either through a merger (company merger process) or by one purchasing the other to become a part of a larger company.
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The Transmittal of Wage and Tax Statements, Form W-3 is due to the Social Security Administration on:
the last day of February
Answers
An employee's salary and contributions for the prior tax year are listed on a W-3 form, also known as the Transmittal of Wage and Tax Statements form. The Social Security Administration (SSA) receives this paperwork for proper filing.
Most employers are required by the IRS to submit Forms W-2 and W-3 at the start of each year for the prior year. A list of all the W-2 forms you are sending to the federal government is contained in Form W-3 (Transmittal of Wage and Tax Statements). Form W-3 specifies the number of W-2 forms being delivered and describes the total wages, Social Security wages, federal income tax withheld, and FICA tax withheld from employees during the year.
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Which of the following can provide increased disability income from your disability income policy whenever you do not qualify for Social Security disability benefits?
Social Security rider
Answers
If you do not meet the requirements for Social Security disability benefits, a Social Security rider may increase the amount of disability income covered by your disability income policy.
The price of a private disability insurance policy is reduced by a Social Security Offset rider. In accordance with the terms of the rider, if a policyholder becomes disabled, they must submit an application for Social Security Disability Insurance (SSDI) benefits.
The total benefits that would have been paid out by your private insurer will be reduced by the SSDI benefits, assuming they are approved.
It's important to note that Social Security Administration regularly rejects SSDI benefit claims. According to data, slightly more than half of people who apply for SSDI benefits are not approved. In addition to this trend, most private disability insurance plans define "disability" broadly, so you may be eligible for payments under your private disability insurance policy but not SSDI benefits from the Social Security Administration.
Learn more about Social Security here
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