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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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3 years ago
Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million. The investment will result
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Answer:

The payback period for this project is 2.43 years.

Explanation:

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million.

The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years.

The payback period is the time it takes to cover the investment to be covered by returns.

The investment cost remaining in the first year

= $1,850,000 - $525,000

= $1,325,000

The investment cost remaining in the second year

= $1,325,000 - $812,500

= $512,500

The third year payback

= \frac{\$ 512,500}{\$ 1,200,000}

= 0.427

The total payback period

= 2.43 years

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Answer:

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When conducting interviews, an employer will invite several qualified candidates.  The interviewer or the interviewing panel scores each candidate and selects the best. The interview presents the candidate with an opportunity to learn fine details about a potential employer. Specific detail about the job, such as the terms and conditions, are disclosed.  

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The best answer is D.

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