Describe the disability insurance features that make sense
What will be an ideal response?
Answer:
1. Choose a plan with a definition of disability that is to your advantage.
2. Consider partial or residual payments when returning to work part-time.
3. Given a choice between short-term and long-term benefit durations, choose long-term.
4. Choose a waiting/elimination period that is economical — generally three months.
5. It's a good idea to have a waiver of premium to pay the premium when disabled.
6. Get guaranteed renewable and noncancellable when you can afford it.
7. Obtain rehabilitation coverage to allow for retraining benefits.
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At the beginning of 20xx, Helms Corporation had 34,000 shares of $10 par value common stock issued and outstanding. During January 20xx, Helms declared and distributed a 10 percent stock dividend. The market value of Helms's stock was $24 throughout the month of January. The entry to be recorded for the declaration of stock dividend is :
a. Stock Dividends 81,600 Common Stock Distributable 34,000 Additional Paid-in Capital 47,600 b. Common Stock Distributable 81,600 Common Stock 81,600 c. Common Stock Distributable 81,600 Common Stock 34,000 Retained Earnings 47,600 d. Stock Dividends 68,000 Cash 68,000
Which of the following is a perspective that highlights the importance of uncertainty and risk to the decision-making process?
A. rational decision-making model B. bounded rationality C. prospect theory D. satisficing
Joseph has AGI of $170,000 before considering the $20,000 rental loss for property which he actively manages. How much of the rental loss can he deduct?
A) $0 B) $10,000 C) $20,000 D) $25,000
A company has a net cash inflow from operating activities of $789,000, a net cash outflow of $50,000 from investing activities and a net cash inflow of $100,000 from financing activities. The company paid $124,000 in interest, $186,500 in income taxes, and $200,000 in cash dividends. Which of the following statements about the statement of cash flows is not correct?
A. The cash dividends of $200,000 paid will be reported as a cash outflow in the cash flow from investing activities section. B. The statement of cash flows will show a net increase in cash and cash equivalents of $839,000. C. Supplemental disclosures required for a company using the indirect method include the amount of interest and the amount of income taxes paid. D. If the direct method is used, the $124,000 of interest paid and the $186,500 of income taxes paid will be reported in the cash flows from operating activities.