If a long-term care policy is purchased prior to age ____, the buyer faces a significant risk because inflation may render the daily benefit woefully inadequate when care is ultimately needed
a. 60
b. 50
c. 40
d. 30
a
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On January 1, $300,000 of par value bonds with a carrying value of $310,000 is converted to 50,000 shares of $5 par value common stock. The entry to record the conversion of the bonds includes all of the following entries except:
A. Debit to Bonds Payable $310,000. B. Credit to Paid-In Capital in Excess of Par Value, Common Stock $60,000. C. Debit to Premium on Bonds Payable $10,000. D. Credit to Common Stock $250,000. E. Debit to Bonds Payable $300,000.
Flexible budgeting requires all levels of management to start from zero and estimate sales, production, and other operating data as though operations were being started for the first time
Indicate whether the statement is true or false
______________ managers focus only on their own goals and the goals of the company and consider legal requirements as constants or barriers that are ignored when their corporate actions are implemented.
a. Emoral b. Immoral c. Amoral d. Moral
Prepare a marketing plan for each of the products.
What will be an ideal response?