Classify the Following Activities According to the Appropriate Section of the Statement

question 94

Short Answer

Classify the following activities according to the appropriate section of the statement of cash flows.
a. Operating activity
b. Investing activity
c. Financing activity
____ 1. Cash received from a one-time sale of used office equipment.
____ 2. Cash paid for dividends to stockholders.
____ 3. Cash received from customers.
____ 4. Cash received from owner contributions.
____ 5. Cash paid for utilities.
____ 6. Cash paid for a delivery van to be used in the business.

Describe the role and limitations of Medigap and Blue Shield insurance plans in supplementing Medicare.

Distinguish between different coverage and payment conditions of Medicare and Medicaid, including international coverage and skilled nursing facility care.

Understand the features and benefits of disability income policies and the importance of choosing the right policy.

Identify the differences between Medicare and Medicaid in terms of coverage, eligibility, and financing.

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Definitions:

Money Supply

The comprehensive total of money assets accessible in an economy at a particular instance.

Aggregate Demand

The entire requirement for goods and services within an economy, valued at a fixed comprehensive price level during a set duration.

Short Run

In economics, a timeframe where at least one factor of production is considered fixed, limiting the firm's capacity to adjust fully to market changes.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.