Answer:
Life insurance.
Explanation:
Life insurance is defined as a contract that is raised between an individual and an insurance company that guarantees the payment of a particular amount tonthe individual's beneficiary in the case of death. The insurance policy requires premium to be paid on agreed intervals.
Stan and Heidi are both having caterers in business, and death of one of them will lead to decreased income.
To guard against this the couple can purchase a life insurance that will pay beneficiary a guaranteed sum in case of death of one of the partners.
This will ensure there is no sudden drop in their income.
D) They pay for specific social programs rather than general government activities.
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Answer:
Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.
Explanation:
There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.
Answer:
a. level 3
b.level 1
c. level 2
Explanation:
Vande Velde Company made three investments during 2017. Where will Vande Velde report these investments in the fair value hierarchy?1. It purchased 1,000 shares of Sastre Company, a start-up company. Vande Velde made the investment based on valuation estimates from an internally developed model.2. It purchased 2,000 shares of GE stock, which trades on the NYSE. 3. It invested $10,000 in local development authority bonds. Although these bonds do not trade on an active market, their value closely tracks movements in U.S. Treasury bond.
The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1), and the lowest priority to unobservable inputs (Level 3) while Level 2 assets are financial assets and liabilities that are neither easy or overly complex to value.Going by the explanation the investment will be given hierarchy 3, 2,1
if Van verde purchased shares on the New York stock Exchange , then the percentage in price over time is more than the other two options . In stock purchase, investors can realised more profit on their stocks than bond which can give like 10-15% on the initial cash outlay. The only caveat is that Stocks is a little bit risky and could be volatile owing to price fluctuations ,and the forces of demand and supply.
