What should you consider to determine if you need life insurance?
What will be an ideal response?
Life insurance protects someone who depends on you financially. Would your loved ones suffer financially from your death? If no one depends on your income, or if no one will suffer financially from your death, you probably do not need life insurance. Few college students need life insurance. However, if you are a parent with a young child, you probably want life insurance to provide financially for your son or daughter. If your parents are retired and living off their retirement assets, they probably do not need life insurance. If anyone depends, fully or partially, on your income, then you need life insurance. Ask yourself if your spouse, your partner, your children, your parents, a disabled relative, or anyone else depends on your income. Does anyone need income to replace your financial contributions to your family or household? Even if you are a nonworking spouse or partner, would your family need to replace your contributions by hiring assistance for such activities as day care or general help running the household? See how complex determining life insurance needs can be?
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Interest expense is less than the interest paid when a bond is issued for a premium
Indicate whether the statement is true or false
When the ideal selling price is first determined and the feasibility of meeting that price is assessed and costs are controlled in order to produce the product that can be sold at the target price, this is called:
A) market development. B) price determination. C) target costing. D) product development.
In addition to changes in financial statements, which of the following can indicate financial statement fraud has occurred?
a. Information in the footnotes to the financial statements b. Stable dividend payout ratio c. Increased hiring of qualified employees by the company d. Addition of an independent member on the board
What is the primary function of the Federal Reserve System? What are its “tools” to accomplish this function?
What will be an ideal response?