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ololo11 [35]
3 years ago
15

Bob and Barbara Castle are each 39 years old and have sought your advice with regard to their financial affairs. Bob is a school

administrator making $75,000 per year and Barbara is not employed outside of the home. The Castles' net worth is approximately $190,000. They have three kids, ages 6, 10, and 14. You have determined that the Castles currently have adequate life, health, auto, and homeowner's insurance. Which of the following forms of insurance is likely to fulfill their highest-priority remaining risk-management need?
Business
1 answer:
larisa [96]3 years ago
8 0

Answer:

The question is not complete. However, the concluding part of the question is  the options which are:

(a) Disability income insurance

(b) Long-term care insurance

(c) Major medical insurance

(d) Mortgage insurance

(e) Umbrella liability insurance

The correct option for the question is A. Disability income insurance.

Explanation:

Given that:

  1. Bob earns $75,000 and Barbara is unemployed.
  2. The castle's net worth is approximately $190,000
  3. They have three kids.

To fulfill their highest-priority remaining risk management need, <em>Disability income insurance</em> is needed.

This is because, if Bob were injured or ill and could not work, it will greatly affect the financial situation of the family. Hence the need for the insurance.

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2. If the government decided to subsidize the production of a good, the result would be a decrease in the equilibrium price and
kogti [31]

Answer: True

Explanation:

The subsidy will increase the supply of the good, and therefore the supply curve will shift to the right. Then its intersection with the demand curve will be located at a lower price and with a larger quantity.

5 0
3 years ago
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
ololo11 [35]

Answer:

Allocated MOH= $165,240

Explanation:

Giving the following information:

Estimated manufacturing overhead $157,750

Estimated machine-hours 4,640

Actual manufacturing overhead $157,400

Actual machine-hours 4,860

First, we need to calculate the predetermined manufacturing overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 157,750/4,640= $34 per machine hour

Now, we can calculate the allocated overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 34*4,860= $165,240

5 0
2 years ago
Read 2 more answers
To avoid double-counting output in GDP measures, _____ are excluded in GDP.
Effectus [21]
The correct answer is d). We have that government spending can also give way to products and services, just like private enterprises, thus there is no double-counting there. Services such as haircuts have their own value, which are separate from any other material products. Finally exports are also not counted twice; Raw materials though would be counted twice if we counted them for the GDP since their value is incorporated in the value of the final product. For example, we cannot count towards the GDP the value of rubber production in a country since then, if we counted the value of the tires too, we would count the value of the rubber in the tires twice (one time as rubber/ one time as part of the tire).
7 0
3 years ago
On December 31, 2018, the balance in Megan's Products Accounts Receivable was $680,000 and net credit sales amounted to $3,800,0
RoseWind [281]

Answer:

Bad Debt Expense ($40,000 - $3,200)  $36,800

           To Allowance for Doubtful Accounts   $36,800

(Being the bad debt expense is recorded)

Explanation:

The adjusting entry is shown below:

Bad Debt Expense ($40,000 - $3,200)  $36,800

           To Allowance for Doubtful Accounts   $36,800

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the value of the assets

And since there is a credit balance so the same is deducted from the account receivable

5 0
3 years ago
HELPPP Why do many business owners avoid market research? Question 14 options: They're afraid of hearing any negative feedback.
sweet-ann [11.9K]

Answer:

they are afraid of hearing any negative feedback

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