This training guide has been prepared as a reference guide only‚ covering the material that was discussed within todays training session and should only be used in conjunction with what was discussed. It has been established that a private client has the following protection needs: 1.health‚ incapacity or accident; 2.income‚ mortgage and other debt; 4.death; 5.asset protection; 6.business protection. We have in turn looked at each of these needs and discussed which protection products would assist
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Future of Long-Term Healthcare The United States has faced many challenges as it entered into the 21st century. First is ensuring that individuals receive the medical care and support they need throughout their life with dignity and quality. With the aging of “baby boomers‚” the number of individuals 65 and those with disabilities will increase from 12.4 percent in 2000 to about 20.4 percent by 2040. This will represent a need for increasing nursing facilities‚ assisted living‚ other residential
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SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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Cost‚ Volume‚ and Profit Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified relationship between cost‚ volume‚ and profit (or loss). CVP analysis is based on several factors and assumptions and uses a formula to express the relationship by equation or graphically and can be used with great effect by managers who understand the limitations of the analysis. Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified
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incomes and expenses in the future. As such‚ budgeting is the process to manage these incomes through responsible spending by calculating all planned expenses and allocating funds to pay these expenses. This is especially important for businesses as it help managers determine the amount of money they have and how they use it to come up with a suitable plan to achieve the company’s financial goals. Budgeting is an important tool that would be beneficial to both long term and short term planning
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CHAPTER 9 PROFIT PLANNING AND BUDGETING Questions‚ Exercises‚ Problems‚ and Cases: Answers and Solutions 9.1 See text or glossary at the end of the book. 9.2 A cost center is a responsibility center in which management is responsible only for costs. In a profit center‚ management is responsible for both costs and revenues. 9.3 An investment center is a responsibility center in which management is responsible for managing costs‚ revenues‚ and assets. A profit center is not responsible
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adapted closely. I agree the statement ‘budgeting is a key component in management short or long term planning’. Good watch prevents misfortune‚ an effective budget will let the firm make money successfully and prevent the overdraft or any financial problem of a company in the future. Besides that‚ build the shelter before rain‚ prepared a budget in advance will get more guarantee and after that we can do our routine work smoothly. Even if our short or long term project is unexpectedly‚ it would
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Long-Term Care Options for the Elderly I selected the topic of long-term care options for my research paper‚ because of the importance of allowing the elderly to remain in their residence as long as possible in their final years and what options they have if they choose not to live in their own home. I will look at programs and services that provide long-term care for the elderly. My grandmother‚ 89 years old‚ has recently decided to move into an assisted living facility after living by herself
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like the treatments and prevention of health problems‚ coverage is often lacking when it comes to long-term care needs. Long term care insurance helps make up the difference where health insurance coverage lacks when facing the high costs of items like personal or custodial care. This includes services that are performed in a home setting or in a facility like a nursing home. Overview Long term care insurance reimburses the owner of the policy for daily care services when they can no longer perform
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Over a century the long-term care system has gone through five cycles of changes that are woven together. Professors David Smith and Zhanlian Feng describe the changes that have occurred and the challenges long-term care faces in hopes to educate policymakers to learn from the past and not remake the negative effects. Extended over approximately 20 years a piece‚ these five cycles start in 1910 to present day (Smith & Feng‚ 2010‚ p. 28). Access to quality of long-term care has become strained
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