on january 1 of the current year, point, inc. purchased 10% of iona co.'s common stock. point purchased additional shares bringing its ownership up to 40% of iona's common stock outstanding on august 1. during october, iona declared and paid a cash dividend on all of its outstanding common stock. how much income from the iona investment should point's year-end income statement report?
Answers
Point, Inc. purchased 10% of Iona Co.'s stock and later increased it to 40%. Using the equity method, Point should report 10% of Iona's income from January 1 to July 31 and 40% of Iona's income from August 1 to December 31 on its year 1 income statement.
According to the information provided, Point, Inc. purchased 10% of Iona Co.'s common stock on January 1, year 1, and later increased its ownership to 40% on August 1, year 1. Point uses the equity method to account for its investment in Iona.
Under the equity method, the investor recognizes its share of the investee's income based on its ownership percentage. Therefore, the income from the Iona investment that should be reported on Point's year 1 income statement would be:
a. 10% of Iona's income for the period from January 1 to July 31, year 1, plus 40% of Iona's income for the period from August 1 to December 31, year 1.
This calculation takes into account Point's varying ownership percentages during different periods of the year.
So option (a) is the correct answer.
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--The given question is incomplete, the complete question is given below "On January 1, year 1, Point, Inc. purchased 10% of Iona Co.’s common stock. Point purchasedadditional shares bringing its ownership up to 40% of Iona’s common stock outstanding onAugust 1, year 1. During October year 1, Iona declared and paid a cash dividend on all of itsoutstanding common stock. Point uses the equity method to account for its investment in Iona.How much income from the Iona investment should Point’s year 1 income statement report?
a.10% of Iona’s income for January 1 to July 31, year 1, plus 40% of Iona’s income forAugust 1 to December 31, year 1.b.40% of Iona’s income for August 1 to December 31, year 1 only.c.40% of Iona’s year 1 income."
Related Questions
Technician A says that employers must inform their employees about any hazardous chemicals used in the work place by using Safety Data Sheets. Technician B says that the work place Hazardous Materials Information Systems is the Canadian version of the Safety Data Sheets. Which technician is correct?
Answers
Answer:
Techican B
Explanation:
52. The greatest advantage of using a credit card is that it provides
A. An easy way to establish a personal credit history.
B. An easy way to avoid going into debt.
C. A less expensive way to pay for college.
D. A safe way to improve one's credit score.
Answers
The greatest advantage of using a credit card is that it provides a safe way to improve one's credit score. Option D
What is a credit card score?A credit score is a three-digit figure that lenders use to determine how hazardous lending money to someone is. A good credit score indicates that a person is a low-risk borrower, which may result in cheaper loan interest rates in the future.
A poor credit score indicates a high-risk borrower, which may result in higher interest rates and less favorable loan terms.
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Mr.Crimpson is an economist. During the course of each day, he studied how to meet limited wants with limited resources.
True or False?
Answers
Answer:
True
Explanation:
Economic analysis is an analysis about how to fulfill infinite, overlapping needs with minimal capital. It's the method of determining how to "do the best from the least"—to have the most fulfillment with both the least amount of money and resources.
Aurora township is asking all of its citizens to chip in and donate money to build a new library. tommy thinks he already pays enough money in taxes, so he chooses not to donate. he knows that even if he does not contribute he will be able to use the library once it is built. This is an example of:
a. Adserve selection
b. The free rider problem
c. Asymmetric information
d. Tragedy of the commons
e. Moral hazard
Answers
Since Tommy knows that even if he does not contribute he will be able to use the library once it is built, this is an example of: B. The free rider problem.
What is the free rider problem?In Economics, the free rider problem can be defined as a type of market failure and burden that typically occurs when people who benefit from public goods (products) or shared resources refuse to pay for them or financially contribute to their development.
This ultimately implies that, a free rider problem simply refers to a type of problem that typically exists or arises when people who cannot be excluded from using a good (product) choose not to pay for it.
In this context, we can reasonably infer and logically deduce that the refusal of Tommy to donate money to build a new library because he knows he would be able to use it once it is built, is an example of the free rider problem.
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Keri is making doll clothes for a holiday craft show. the wholesale cost of the materials for one outfit is $9.38. if she sells an outfit for $15, what is the percent of markup? round to the nearest percent.
Answers
The percent of markup is calculated by dividing the selling price by the cost of the materials:
Markup % = (Selling Price / Cost of Materials) x 100
Rounded to the nearest percent, the markup is 60%.
The percent of markup for Keri's doll clothes can be calculated by using the formula:
Markup Percent = [(Selling Price - Wholesale Cost) / Wholesale Cost] × 100
First, we need to find the difference between the selling price and the wholesale cost:
$15 - $9.38 = $5.62
Next, we need to divide this difference by the wholesale cost:
$5.62 / $9.38 = 0.599
Finally, we need to multiply this number by 100 to get the percent of markup:
0.599 × 100 = 59.9%
Rounding to the nearest percent, the markup percent for Keri's doll clothes is 60%.
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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Answers
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
At taste of thyme coffee shop a dirty chai latte creates a profit point of $2.85 for a small and $3.80 for a large. in a month, 200 small lattes were sold and 285 large lattes. as a fast growing demand item with fall approaching, the demand is estimated at 400 and 420 per month. the allotted machine time for both lattes is 90 hours. the amount of machine time needed to produce the lattes is 5 minutes and 7 minutes each or for a month, 16.67 hours a month for a small and 33.25 hours a month for a large. what is the corresponding parameters formulation for machine time
Answers
Sophocles' purchase decisions illustrate how the rule of demand is used in economics.Consumers will demand fewer units of a commodity at a higher the law of demand price, according to the law of demand, a tenet of economics.
Demand is determined by the marginal utility law of diminishing value, which holds that consumers utilise economic goods to initially satisfy their most urgent needs.
The total machine time allocated for the two lattes is 90 hours due to the market's overall volume demand.A market demand curve represents the amount of machine time required to generate consumers at each price. Price changes do not by themselves result in an increase or decrease in demand, despite the fact that they might be viewed as movement along one demand curve. The nature and extent of demand may fluctuate in response to adjustments in consumer behaviour, income levels, or associated economic factors.
Complete question:
A dirty chai latte costs $2.85 for a small and $3.80 for a large at taste of thyme coffee shop. 200 little lattes and 285 big lattes were sold in a single month. With autumn rapidly approaching, demand for this item is predicted to climb by 400 to 420 percent monthly. For both lattes, the machine time permitted is 90 hours. Lattes require 5 minutes and 7 minutes of machine time apiece, or 16.67 hours and 33.25 hours respectively, to manufacture one small and one large. What is the machine time associated parameters formulation?
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You can use voice mail more effectively if you _____.
Answers
You can use voice mail more effectively if you follow certain best practices, such as being clear, concise, and well-prepared. To achieve this, plan your message in advance to make sure you cover all necessary points. Begin by stating your name and the reason for your call, so the recipient knows the purpose of your message right away. Speak slowly and clearly, enunciating each word to ensure that the listener can understand you without difficulty.
Keep your message brief, ideally around 30 seconds, to avoid overwhelming the recipient with too much information. If you need to provide specific details, such as dates, times, or phone numbers, repeat them to ensure they are accurately noted. To make it easier for the recipient to get back to you, clearly state your contact information and the best time to reach you.
Additionally, be polite and professional throughout your message. A friendly tone can make a significant difference in how your message is perceived. Lastly, consider ending the message with a brief summary of your main points to reinforce the purpose of your call. By following these guidelines, you can use voice mail more effectively and efficiently to communicate your needs or concerns.
Here are some pointers for making the most of voicemail.
At the beginning of each voicemail you leave, make sure to provide your name, phone number, the current date, and the time.
Talk clearly and slowly.Set up a time for the message's receiver to call you back.Don't go into much depth in your voicemails.If you speak for more than the allotted time on a voicemail, you most likely spoke for too long.know more about voicemail.
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Voicemail use has increased due to many factors such as the increased use of caller IDs and busier schedules. Effective voicemail use involves clear, concise messaging with a defined purpose and contact information, typically staying within 20-30 seconds unless more detailed information is required.
You can use voicemail more effectively if you clearly understand the benefits and adapt your communication habits accordingly. Multiple factors led to increased use of voicemail nowadays, including the increased use of caller IDs, the decreased use of landlines, and busier personal schedules. Notably, more private numbers, voicemail, privacy managers, and a decreased willingness to be interviewed have also contributed to this trend.
To use voicemail effectively, you need to be concise and clear in your message. It's important to state your name and the reason for your call at the beginning, and do not forget to leave your contact information at the end. Try to keep your voicemails around 20-30 seconds unless you're providing detailed information that requires more time. Always end with an action statement demonstrating what you want the receiver to do next.
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What is Porter’s Value Chain Model. Explain the Role of
Information Systems in Value Chain Analysis.
do it as soon as possible within 10 minutes
Answers
Porter's value chain model is a business strategy paradigm and role of information systems in value chain analysis is used to analyze data and to differentiate and organize business functions.
This model is known as a business strategy paradigm and it examines the company operations in order to determine its competitive advantage. It is made up of the primary activities that are directly related to production and delivery and the secondary activities that enable the execution of the primary activities.
In the value chain analysis the role of information system is employed for analysing current sales and data that is related to marketing , to find specialised targets for a service or goods that a business can serve better.
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one advantage of part-time work is that it usually provides the same benefits that full-time employees receive.
TRUE OR FALSE
Answers
The statement "one advantage of part-time work is that it usually provides the same benefits that full-time employees receive" is False.
What is part-time work?Part-time work is a type of employment where people work for fewer hours than full-time employees. Part-time workers receive a wage, but they are not entitled to the same benefits as full-time employees.What are the advantages of part-time work?Part-time jobs have several benefits, including the following:Part-time work allows for greater flexibility in scheduling. Part-time jobs usually allow for a more flexible schedule than full-time jobs, making it an excellent choice for individuals who need to balance work and other obligations.Part-time work can offer financial benefits.
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Rectify the following errors identified in the books of Shyam. The Trial Balance
showed ₹ 875 as an excess debit.
a. The total of debit side of Expenses account been cast in excess of ₹575.
b. Paid electricity bill of the proprietor’s residence was debited to
Electricity expenses ₹1,050.
c. An amount of ₹ 150 entered in sales return book has been posted to the
debit of Verma, who returned the goods.
Pass journal entries for correcting the above transactions and prepare
Suspense Account.
PLEASE ANSWERRR
Answers
Answer:
Part 1
a
Debit : Suspense Account ₹575
Credit : Expenses ₹575
Reducing the Debit of the Expenses Account by ₹575
b
Debit : Drawings ₹1,050
Credit : Electricity expenses ₹1,050
Drawings treated as Electricity expenses now corrected
c
Debit : Suspense Account ₹ 300
Credit : Account Receivable - Verma ₹ 300
Sales returns posted on wrong side of Verna`s Account now corrected
Part 2
Suspense Account
Debit :
Difference on Trial Balance ₹ 875
Expenses ₹575
Account Receivable - Verma ₹ 300
Totals ₹ 1,750
Credit :
Profit and Loss ₹ 1,750
Totals ₹ 1,750
Explanation:
Only errors that affect trial balance totals to not agree will require correction through suspense account.
That said, the errors that do not affect trial balance totals such as Error of Principle, Error of Original Entry do not require to be corrected through the Suspense Account.
The difference in the Suspense Account usually cost more effort to continue to check the records than it is worth it for the firm, hence it is written off to profit and loss account
Identifying specific marketing activities, determining the time required to complete each activity, and organizing marketing activities into the proper sequence are examples of the steps involved in creating a(n):
Answers
Answer:
e. implementation timetable
Explanation:
This set of sequential activities can be described as an implementation schedule, which is developed in an organization with the aim of organizing tasks according to the needs of development and completion so that the objectives of a given project are achieved effectively. .
It is also necessary that the schedule is monitored and updated when necessary, according to the needs of a given project and its demands over time.
Which policy highlight would discuss how to approach an employer if you need to change a scheduled interview?.
Answers
The policy highlight that would address how to approach an employer if a scheduled interview needs to be changed is: The Public highlight.
What is a Public highlight?A public highlight is an unwritten social laws institutionalized to solve unplanned problems. These policies serve as guide when implementing programs or actions created by an organization.
So for a planned interview to suddenly change, a public policy highlight would be most appropriate to implement. It gives room for an unforeseen event.
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Does the amount of effort that you put into your courses increase or decrease the marginal cost of your education? Explain your answer. PLEASE HELP!
Answers
The amount of effort that you put into your courses increases the marginal
cost of your education.
Marginal cost refers to the incremental cost which is accrued as a result of
increase in goods and services.
In this scenario, amount of effort put into courses entails more time and
money spent from buying of books and other materials. This therefore
depicts an increase in the incremental and marginal cost.
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Use this formula to help solve the problem.
• gross income = total of all incomes added together
Given the following information, what does the gross income for the month equal?
Cash = $700, Checks = $200, Credit Card Charges = $400
a. $700
b. $1100
c. $1300
d. $400
Answers
Answer:
C.$1300.................:)
Answer:
1,300
Explanation:
just added the numbers
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
Why is it a good idea to always check with your school when searching for a job?
Your school can tell you how much you should get paid for a particular posting.
Schools have insider information on hiring.
Your school can easily track whether you a looking for a job.
Your school may have job postings from employers interested in hiring students.
Answers
Answer:
the answer is D
Explanation:
The guy before got to it before me so please don’t think this is plagiarism
Learning how to handle responsibilities, manage time, interact with adults, gain a glimpse of the working world, and fill time with a purposeful activity are just a few of the advantages. Thus, option D is correct.
What is the importance of school before doing job?Teachers impart knowledge to society's youth. While there are many important professions, teaching is the only one that directly affects every child in society and, by extension, all children.
According to all available studies, working a part-time job while in high school is typically a very fruitful experience.
Achieving academic success depends on your capacity for time management. Reduce the amount of debt you acquire as a result of borrowing money for school.
Therefore, Your school may have job postings from employers interested in hiring students.
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1 point
10. In reviewing your account statement, you see a Balance Transfer Fee.
Based on the information you see in the statement, what would be the fee
if you transferred $3,000 from another credit card? *
Answers
Answer:
Find attached statement and the question which question number 10.
The correct option is C,$90
Explanation:
In the statement you would notice that the balance transfer from another credit card was $785,upon which balance transfer levy of $23.55 was charged(Section 7)
Intuitively, the percentage of balance transfer charge is $23.55 divided by the amount of balance transfer i.e $785
balance transfer charge(%)=$23.55/$785=3%
However, if the balance transfer were $3000,the charge is 3% of $3000 i.e $90 ($3000*3%).
The correct option then is C,$90
Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can collect from users without their permission. The United States does not have comparable laws to protect consumer privacy on the Internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place. Refer to Scenario 3.2. What type of environmental force does this issue involve?
Answers
a. Greyhound bus system
Match the different account heads to the two aspects of business.
Answers
Answer:
See below
Explanation:
Match Source A
The business owns:
Are assets that belong to the business.
investments
intangible assets
Property, Plant, and Equipment
Current assets
Match source B
Match owes :
Refer to the liabilities of the business. They belong to others.
loans
payable
True or false: The sales mix must be taken into consideration when calculating the break-even point for more than one product due to different selling prices, costs, and contribution margins among the products.
Answers
Answer:
I believe it's true I'm not completely sure but hopefully this helps:/
In the market for wireless earbuds (a normal good), indicate whether the following events would cause an "increase or a decrease in demand" or an "increase or a decrease in the quantity demanded." a. There is an increase in the price of carry cases for wireless earbuds. A. increase in demand. B. decrease in demand. C. increase in quantity demanded. D. decrease in quantity demanded.
Answers
Answer:
The correct option is;
D. Decrease in the quantity demanded
b.)
Explanation:
a. There is an increase in the price of carry on cases for wireless earbuds;
Where the increase in the price of carry on cases for wireless earbuds results in an increase in price, there will be a decrease in the quantity demanded
A decrease in the quantity demanded is when there is negative movement along the demand curve due to an increase in price only and the quantity demanded also increases when there is a decrease in price. Which shows that the item is still in demand and the demand can be controlled by the pricing.
Select all the correct answers. which three factors make starting a business a highly risky investment? high coupon rate uncertain business conditions large amount of capital low interest rates low liquidity
Answers
The three risk factors for starting a business are uncertain business conditions, low interest rates and low liquidity.
How to start a new business?It is essential that the entrepreneur has a broader vision and determination to overcome the initial difficulties, since every business has inherent risks that can represent barriers to the success of the business.
Therefore, it is essential that there is an alignment of objectives to the structure of the business, in addition to dedication and a strategy focused on the market.
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The economic system of the united states is considered a:.
Answers
Answer:
It is considered a mixed economy
Explanation: Hope this helps<3
The economic system of the United States is considered a capitalist, market economy.
What is an Economic system?The government plans and distributes available services, resources, and goods across the nation using an economic system as a tool. Economic systems combine wealth, labor, physical resources, and businesspeople to control the components of production.
The economy of the United States is diverse. It operates under a system of economics that combines elements of capitalism and socialism. A mixed economic system permits some private property protection and some economic freedom in the use of capital, but it also permits government intervention in economic affairs to further social objectives and the general welfare.
Therefore, The United States is considered as a capitalist, market economy.
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Given that the spot rate is $1.5136/€ and the 90-day forward quote is $1.4974/€, we can say
that the Euro is at a forward premium against the U.S. dollar. the U.S. dollar is at a forward premium against the Euro. the U.S. dollar is at a forward discount against the Euro. n
one of the answers is correct. the dollar is at neither a premium nor a discount against the Euro.
Answers
The correct answer is: the U.S. dollar is at a forward premium against the Euro.
The terms given are the spot rate, which is $1.5136/€, and the 90-day forward quote, which is $1.4974/€. To determine whether the Euro is at a forward premium or discount against the U.S. dollar, we can compare these rates.
Step 1: Identify the spot rate and forward quote.
Spot rate: $1.5136/€
Forward quote (90-day): $1.4974/€
Step 2: Compare the rates.
In this case, the spot rate is higher than the forward quote ($1.5136/€ > $1.4974/€).
Step 3: Determine the forward premium or discount.
Since the spot rate is higher than the forward quote, it means that the Euro is expected to depreciate against the U.S. dollar in 90 days. This means the U.S. dollar is at a forward premium against the Euro, and the Euro is at a forward discount against the U.S. dollar.
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which of these options for saving money offers the lost liquidity?
Answers
The option of saving money that offers the most liquidity is a piggy bank. (option C)
What is liquidity?
Liquidity can be described as the ease with which an asset can easily be converted to cash. Paper currency and coins is the most liquid assets. Real estate is illiquid because it takes a long time for a real estate asset (e.g a house) to be sold and proceeds converted to cash.
Liquid assets earn less returns when compared with assets that are less liquid. This is because illiquid assets earn an illiquidity premium. An illiquidity premium compensates holders for holding an illiquid asset.
Money in a piggy bank is already in cash or coins and there is no need to convert it to cash again. Also, money in a piggybank is more accessible than the other options.
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Answer: Savings bonds
Explanation:
Match the phrase to the right answer.
-Type of labor incurred by hands on factory workers
-Document for capturing labor hours -Account where jobs are born
-Type of Overhead put into WIP when using Job Costing
-Landing place for sold jobs
-Cost of finished products for the period Location of all completed jobs awaiting sale
Some Options are: Direct, Actual, Timecard, Allocated, Work in process, Cost of goods manufactured, Finished Goods, Cost of goods sold.
Answers
Explanation:
-Type of labor incurred by hands on factory workers: Direct
-Document for capturing labor hours: Timecard
-Account where jobs are born: Work in process
-Type of Overhead put into WIP when using Job Costing: Allocated
-Landing place for sold jobs: Finished Goods
-Cost of finished products for the period: Cost of goods sold
-Location of all completed jobs awaiting sale: Finished Goods
Match the phrase:
Direct: Type of labor incurred by hands on factory workersTime card: Document for capturing labor hours Work in process: Account where jobs are born.Direct labor is the time that employees spend turning raw resources into finished goods. An item used to record labor hours is a time card. Jobs are created in accounts that have work in progress.
When employing task costing, allocated overhead is the kind of overhead that is added to WIP. Jobs that are sold land at the cost of products sold. The price of finished items throughout the time period is the cost of commodities manufactured. All finished tasks that are up for sale are kept in the finished goods category.
Match the phrase:
Direct: Type of labor incurred by hands on factory workersTime card: Document for capturing labor hours Work in process: Account where jobs are born.Allocated: Type of Overhead put into WIP when using Job CostingFinished Goods: Landing place for sold jobsCost of goods sold: Cost of finished products for the periodFinished Goods: Location of all completed jobs awaiting sale.Learn more about on direct labor, here:
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Under a credit disability policy, until what point will payments to the creditor be made for the insured?
Answers
Under a credit disability policy, payments to the creditor will be made on behalf of the insured for a specified period of time, which is typically determined by the terms of the policy.
The purpose of a credit disability policy is to help the insured make loan payments in the event that they become disabled and are unable to work. The policy will typically cover the loan payments for a set period of time, which may be a few months or a few years, depending on the policy terms.
Once the insured has recovered from their disability and is able to work again, the payments to the creditor will cease. Alternatively, if the insured remains disabled beyond the period covered by the policy, they may be eligible for additional benefits under a long-term disability policy or other insurance coverage.
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A marketer is keeping track of the revenue generated by his campaign. He wants to
see a specified return-on-investment for his monthly ad spend.
Which type of automated bidding strategy will meet his needs?
An awareness-based bidding strategy
A conversion-focused bidding strategy
A revenue-focused bidding strategy
A consideration-focused bidding strategy
Answers
Answer:
C). A revenue-focused bidding strategy.
Explanation:
As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.
If you are projecting your future financially, what are your
doing?
Risking
Forecasting
Managing
Expanding
Answers
Answer:
Forecasting
Explanation:
Because a weather forecast looks ahead for weather. You are forecasting your financial future