Which of the following statements is (are) true concerning benefit payments under long-term care insurance?
I. Expense-incurred policies pay for actual charges up to a specified daily limit.
II. Per diem policies pay a specified daily benefit regardless of the charges incurred.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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Louise, Inc has a cash balance of $20,000 on April 1
The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: Apr May Jun Cash collections $22,000 $22,000 $24,000 Cash payments: Purchases of direct materials 4,600 5,000 6,800 Operating expenses 6,000 4,600 6,000 There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May. A) $22,000 B) $53,400 C) $48,400 D) $43,800
Based on an analysis of a large number of studies, it was concluded that employees who were late tended to have superior absenteeism records
Indicate whether the statement is true or false