What are some of your considerations in choosing a long-term care insurance policy?
What will be an ideal response?
Answer: You should look at your family's health history and try to determine what your chances will be of needing long-term care coverage. You should also consider your future income and see if living in a nursing home or needing assistance at home would be financially affordable. If you need a long-term care policy, it is best to get one while you are younger so the premiums will be lower. Employers often offer these policies as part of a group plan. You would want a policy with a reasonable amount of coverage per day and coverage that will increase with inflation. You would also want to ensure that you will receive benefits for a long enough period of time to cover your needs. Like other forms of insurance, there is a trade-off between cost and coverage.
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James Carson and Martin Tighe, CPAs have audited all the figures on the balance sheet. James Carson argues with Martin Tighe that since the retained earnings figure is a balancing figure, it requires no further verification. Martin Tighe, however, disagrees and argues that they should still choose to verify retained earnings. Who do you agree with and why?
Recently, the increased use of online social networks and video sharing has reduced the need for advertising standardization with global brands
Indicate whether the statement is true or false
A company produces 1000 packages of dog treats per month. The sales price is $6 per pack. Variable cost is $1.50 per unit, and fixed costs are $1700 per month. Management is considering adding a vitamin supplement to improve the value of the product. The variable cost will increase from $1.50 to $1.80 per unit, and fixed costs will increase by 10%. At what sales price for the new product will the two alternatives (sell as is or process further) produce the same operating income? (Round your answer to the nearest cent.)
A) $3.67 B) $6.47 C) $2.80 D) $6.00
A nonprofit organization seeking a business sponsor needs to consider the company’s ______.
A. interests and goals B. financial portfolio C. employee benefits package D. popularity among the staff and volunteers