A good time to consider purchasing long-term care insurance is when an individual needs help with daily activities which may arise at old age or due to a disability
Discussion;
Long-term care refers to a host of services that aren’t covered by regular health insurance. This includes assistance with routine daily activities, like bathing, dressing or getting in and out of bed.
In essence, long-term care insurance need may arise due to old age or a disability.
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The trial balance is deemed to be balanced and there shouldn't be any arithmetic errors in the ledgers if the total debits and total credits are equal.
A trial balance is a bookkeeping worksheet where the balances from all ledgers are added up to equal totals in the debit and credit account columns. A corporation occasionally creates a trial balance, often at the conclusion of each reporting period. To check if the entries in a company's bookkeeping system are mathematically correct, a trial balance is generally produced. A double-entry accounting system's mathematical flaws can be found by creating a trial balance for a business.
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Answer:
(B) Leave his portfolio the way it is now
Explanation:
Bond value and market interest rates are inversely related. When the market interest rates are expected to decline and an investor already holds a bond with fixed rate of interest, the value of such bonds shall rise.
Market interest rates refer to the rate of interest other firms are offering on similarly priced bonds. Thus market interest rate also implies investor expectations i.e YTM (yield to maturity) which is used as a discounting factor to ascertain the price of a bond.
Lesser the discounting rate (yield to maturity), higher shall be the value of a bond.
Thus, it is recommended for Mr Smith to (B) leave his portfolio the way it is now.
Answer:
(D) Building MP3 players for massive distribution.
Explanation:
A project is an activity, a temporary endeavor, undertaken to meet the creation of a unique product, service or an outcome and thus activities that are undertaken to accomplish routine activities cannot be considered projects, such as building MP3 players for massive distribution. Projects can range from simple to complex and can be managed by one person or a hundred.
Answer:
May's sales that are expected to be noncollectable are $7500.
Explanation:
The total collections from a months's credit sales is expected to be as follows,
35% in the month of sale
54% in the following month
6% in the second month after sale
The remaining is expected to be noncollectable.
The credit sales for a month are equal to 100%.
The percentage of noncollectable sales is = 100 - (35 + 54 + 6) = 5%
Thus, 5% of each month's sale is expected to be noncollectable.
May's sales that are expected to be noncollectable are,
Noncollectable Sales-May = 150000 * 0.05 = $7500