Which of the following statements is true about health savings accounts (HSAs)?
a. There is no restriction on the kind of health insurance taxpayers must carry in order to qualify for an HSA.
b. Contributions to HSAs are not deductible for adjusted gross income (AGI), but are treated as an itemized deduction.
c. Individuals taking distributions from HSAs which are not for medical expenses are subject to a 50 percent penalty.
d. Distributions from HSAs are tax and penalty free when used for qualified medical expenses.
e. Taxpayers may take tax and penalty free distributions from HSAs to purchase automobiles after age 65.
d
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Daddy buys an electric car for his 10-year-old son. Daddy follows the directions for assembly carefully, but the son gets an injuring shock when he sits in the car. If Daddy and son sue the manufacturer for negligence, they will:
a. be successful only if they can prove that the car manufacturer knew of the defect and failed to correct it. b. be successful only if they can prove that the car manufacturer failed to use reasonable care in designing, manufacturing, or warning the purchasers about intended uses and foreseeable misuses. c. lose, because the son has no privity of contract and therefore no standing to sue. d. not be successful if the car was sold "AS IS."
Vertibram, a packaged food company, solely manufactured food products that catered specifically to the Islamic community in the United States. However, after facing a stagnation in its sales, the company started manufacturing other products that contained pork to cater to the whole community. Which of the following dimensions of the social environment does this scenario exemplify?
A. Ethics B. Age C. Diversity D. Social responsibility
A soft drink filling machine is set up to fill bottles with 12 ounces of soft drink. The standard deviation s is known to be 0.4 ounces. The quality control department periodically selects samples of 16 bottles and measures their contents. Assume the distribution of filling volumes is normal
a. Determine the upper and lower control limits and explain what they indicate. b. The means of six samples were 11.8, 12.2, 11.9, 11.9, 12.1, and 11.8 ounces.Indicate whether or not the process is in control.
A cumulative cash deficit indicates a firm:
A) has at least a short-term need for external funding. B) is facing long-term financial distress. C) will go out of business within the year. D) is capable of funding all its needs internally. E) is using its cash wisely.