I believe the answer is: Long Term Care Benefit rider
Long Term Care Benefit rider would obtain a certain amount of benefit if somehow they require direct daily care when unable to provide it for themselves. But the amount of benefit that is given usually would be deducted from the amount of the insured's death benefit.
Answer:
Income statement for the year XXXX ended August 31th
Consulting fees earned 27,000
Rent expense 9,550
Salaries expense 5,600
Telephone expense 860
Miscellaneous expenses <u> 520 </u>
Total expenses 16,530
Net income 10,470
Explanation:
To solve for net income we have to subtract revenue for expenses
the expenses will have the word expense in their name,
Is important to notice dividends are not expense as they represent the distribution of earned to the stockholders or owners of the company. It doesnt' represent an expense associate with the outgoing business activities.
Answer:
d. $150,000.
Explanation:
The computation of the consolidated goodwill reported is shown below:
= Recorded amount of goodwill - impairment amount of goodwill
= $200,000 - $50,000
= $150,000
By deducting the impairment of goodwill from the recorded amount of goodwill we can get the consolidated goodwill that is to be reported.
The 90% acquired percentage is ignored
Answer:
The correct answer is "Location"
Explanation:
The location decisions are determinant of profitability in international business. The Company's selection on where to assemble and manufacture the product can determine the success of the business. Some countries are cheaper to produce for the workforce, exchange rate, taxes...
Answer:
IRR = 13.05%
Explanation:
using an excel spreadsheet, the cash flows are:
year 0 = -$3,200,000
year 1 = $425,000
year 2 = $425,000 x 1.08 = $459,000
year 3 = $459,000 x 1.08 = $495,720
year 4 = $535,378
year 5 = $578,208
year 6 = $624,464
year 7 = $674,422
year 8 = $728,375
year 9 = $786,645
year 10 = $849,577
year 11 = ($849,577 x 1.08) - $480,000 = $917,543 - $480,000 = $437,543
IRR = 13.05%
The internal rate of return (IRR) is the discount rate at which a project's NPV (net present value) would equal $0.