Quiz 2 Wk 6 Essay

Quiz 2 Wk 6 Essay
Question 1
1.
Companies can choose from which four classes of health insurance programs?
Fee–for–service, managed care, point–of–service, consumer–driven health care
Indemnity, health savings accounts, managed care, fee–for–service
Point–of–service, fee–for–service, indemnity, managed care
Self–funded, managed care, fee–for–service, point–of–service
0.2 points
Question 2
1.
Companies must offer HMOs if they are subject to the minimum wage provisions of FSLA.
True
False
0.2 points
Question 3
1.
What are the three common forms of managed care plans?
Individual practice organizations, point–of–service plans, health maintenance organizations
Health maintenance organizations, preferred provider organizations, ... Show more content on
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Employees, of covered employers, qualify for FMLA leave when they meet the following
qualifications.
Worked 1025 hours in a 12 month time span

0.2 points
Question 18
1.
Under FMLA, if an employer requires a second medical opinion on a request for leave, the
employer must pay the expense.
True
False
0.2 points
Question 19
1.
This Act gives individuals the right to employment by the company they worked for prior to military
service.
Fair Labor Standards Act
Uniformed Services Employment and Reemployment Rights Act
Military Reemployment Act
Military Services Reemployment Act
0.2 points
Question 20
1.
Wellness benefits can be offered as part of employee assistance programs or as separate benefits.
True
False
0.2 points
Question 21
1.
How much can companies save by investing in preventative health care programs?
For every $1 invested, they can expect to save as much as $16 in medical insurance costs
For every $1 invested, they can expect to save as much as $6 in medical insurance costs p. 256
0.2 points
Question 22
1.
These three objectives were cited as contributing the most to reducing
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Human Resource Management
Putting Together a Competitive Benefits Package That Will Attract and Keep Quality Talent Within
An Organization Abstract In today's economy it is vital that society as a whole carefully consider
every dollar spent. In both the small and large business environment one of the most important ways
to do that is to analyze money spent on a company's greatest asset – its employees. Although
unemployment is still relatively high and many people are willing to work for much less than they
would have three or four years ago, the savvy applicant knows the value of employment benefits.
When given a choice of the same salary, most applicants will choose the position that offers
benefits. In some cases, applicants will choose a position ... Show more content on Helpwriting.net
...
In general, there are 5 health care options: Health Maintenance Organizations, or HMOs, are the
most common option, although they are fast being replaced by Medical Savings Option or Health
Savings Option plans. Employees choose a primary care physician, who helps manage their overall
health care (and the related costs) by acting as gatekeeper for referrals to other doctors within the
HMO network. The worker pays a copayment for each doctor 's visit, and the insurance company
covers the rest. The overriding principal with an HMO is that a company and its workers give up a
bit of freedom in regard to choosing doctors, in return for lower costs; HMOs today tend to carry a
large networks of doctors, but costs associated with these plans are not nearly as efficient as they
once were. Preferred Provider Organizations, or PPOs, are typically the most expensive option
offered to an employee. They are seen more in the large corporate spectrum than in small
businesses. These plans offer employees several choices of doctors and hospitals. Additionally, they
allow workers to see specialists outside of the network, although that typically comes with
additional fees out of the individual employee's pocket. Point–of–Service Plans are a compromise
option. As in the HMO option, employees choose a primary care

Competitive Business Environment At & T And Verizon
In today 's competitive business environment, companies need not only remain focused on an area
of expertise but employee sustainment. Business leaders realize the need to foster and develop
relationships with emerging organizations and solidify partnerships that offer complementary
strengths. These alliances are designed to deliver robust solutions to address business challenges,
drive revenue and exploit new market opportunities. But, what about the backbone of these
organizations...the employees? Through the development of a complete benefit packages, companies
are able to develop differentiated solutions that provide a competitive advantage.
Telecommunications leaders such as Sprint, AT&T and Verizon leverage their industry–leading ...
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Sprint, AT&T and Verizon have to some extent been shaped or influenced by the approach of each
other's benefit packages. While trying to remain the front leaders in their industry, each company
remains cognizant of the importance employees and providing the best comprehensive benefits
package. It's equally important to have access to benefits as is understanding them and knowing how
to use them wisely. But, which organization is better and why? For example, AT&T proclaims
they're all about connecting people. AT&T states, "One of the most meaningful connections we
make with our employees is providing them with access to a comprehensive, competitive package of
benefit." AT&T's Medical Plan consists of a program called CarePlus. CarePlus is designed for if
you want additional coverage beyond what's offered through your medical plan. CarePlus is an
optional supplemental medical program, offering you protection from the high cost of certain
treatments and procedures not covered by many health plans. Highlights include: Coverage for
emerging treatments for cancer and other severe, life threatening diseases. 100 percent
reimbursement for approved procedures by network providers. Online second opinions through
eCleveland Clinic. Occupational therapy and speech therapy for the treatment of autism. Genetic
testing to test for blood clotting sensitivity and prescription drug metabolization. Nitric Oxide
Breath testing for diagnosis and

Current National Health Care Spending
Health Care Spending Health care spending in the United States is the highest then in any other
country. According to Kane (2012), the Organization for Economic Co–operation and Development
(OECD) there are less physicians per person than in other OECD countries. For example there was
2.4 practicing physicians in the U.S. per 1,000 people. The average for OECD was 3.1, the U.S. fell
well below. In 2012 $8,233 was spent on health care per year per person, this was "two and a half
times more than most of the developed nations in the world"(Kane, 2012). This paper will discuss
the level of current national health care spending, whether this spending is too much or not enough,
if the nation should add or cut funds, and how the public's ... Show more content on Helpwriting.net
...
2.). Eighty five percent of the total national health spending accounts for personal health care
spending, which "increased by 3.9 percent in 2012, 0.4 percentage points faster than in 2011"(
(Gnadinger, 2014, para. 3). Faster growth was impacted mostly in hospital, physician and clinical
services. To offset this acceleration was a slower growh in spending for perscription drugs and
nursing home care. Health care payers spending varied as well in 2012. The medicaid and out of
pocket spending grew faster in 2012 than in 2011, but growth in private health insurance and
Medicare spending was a little slower. The national health spending is still continuing to grow faster
then our economy. It is projected to increase from 18 percent to about 25 percent by 2037. Even
with the ACA in effect, "the federal health spending is estimated to increase from 25 percent of total
federal spending to about 40 by 2037" (Marcus, 2012, para. 2).
Is Spending too Much or not Enough There has been an ongoing debate over if there is too much
being spent on health care or if there is not enough. From a personal thought, there is no such thing
as an amount that should be spent on healthcare. This is an opinion based statement, no one will
agree on an amount that should be spent. The Congressional

Team Reflection
Week Three Team Reflection HRM 531 Week Three Team Reflection Employee benefits and
compensation are essential to a successful business. A company's ability to thrive is often due in
large part to the workers it employs. Because of this, it is important that the compensation and
benefits the employer offers to the employees are competitive and comprehensive. Week three
objectives include explaining how to create these benefit packages, determining the appropriate
components of the employee compensation and benefits, and using organizational and market data
to conduct human capital management functions. The learning team will explain the topics of
struggle for the team, the topics of comfort for the team, and explain how these ... Show more
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A recommendation in this situation is to offer a monetary bonus to motivate employees. Most of the
team members indicate that his or her employer benefit packages are highly competitive after
reviewing the objectives. One team member indicates that having some of the nonmonetary benefits
are just as important as the monetary benefits such as discounts on various items, opportunities for
corporate travel, and appreciation events. One may also benefit from offering an annual bonus,
which will give employees more initiative to provide better job performance. As an employee for a
small, local government, understanding that many organizations must offer a smaller compensation
package because of limitations on income sources is easy. Minimal travel time, lower costs for
services, flexible work schedules, ability to earn and use "comp" time rather than using sick or
vacation time, and having the chance to help a community and family are positive reasons to remain
in such an organization. Another work application to a team members workplace is the changing
philosophies regarding pay systems. One team member indicates her organization reduces the size
of the workforce by outsourcing and offering early retirements. This organization does not give high
raises or hire for positions with high pay; instead, they have employees do more work for the same
pay. Several members operate on a merit pay system; therefore, applying this concept to current jobs
is

Pros And Cons Of Flexible Spending Account
Account
Recommendation
For the Hudson
Company Employees
Introduction
Companies across the nation have been faced with an increase in the cost of employee health
insurance. Over the past five years health care costs have risen by 54% (Thorpe). The decision to be
made now is how to handle these increases in the most convenient way. Flexible spending accounts
(FSA) and healthcare savings accounts (HAS) have become the main focus of this discussion. Many
believe the unrestricted FSA still remains the most helpful account while others prefer the newly
developed, user owned, HAS.
To identify which account is truly superior, Administrative Consultants has researched the pros and
cons of each system. The results presented can be utilized in order ... Show more content on
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For example, the same benefits of pretax allocation are common. However unlike FSA, the money
deposited into the account can also gain interest which is very valuable to users. Also, because you
manage the money independently, you can search for better prices or physicians that you prefer
without it being cleared by your employer. The most favored aspect of healthcare savings accounts
is that the money invested rolls over into the next year in full amount.
The characteristics of these accounts that are uncomplimentary include the responsibility, the high
deductible, and penalties that may occur. Many users are not comfortable being accountable to set
aside enough money each year to be sufficient. Also, if you have enough set aside but need that
money for other purposes, not related to health, there are consequences and fines that you may face.
The most feared attribute of a healthcare saving account however is the high deductible rate that it
entails. This deductible is $1300 for an individual and $2600 for a household coverage. ("The Pros
and Cons of Health Savings Accounts

Flexible : Flexible Spending Accounts
Flexible Spending Accounts Nicole Harris 03–15–2017 Business Communication Introduction This
report takes into consideration the requisite of a corporation for a procurement of accommodating
spending accounts for its employees. The executives of the corporation are open to question if
accommodating spending accounts are a fitting or achievable measure to abide by both the
employees as well as the corporation. All things considered, in this report declares the purpose
served by the accommodating spending accounts and additionally emphasizes the benefits and
drawbacks of the same with the standpoint of the corporation as well as the employees in the same
corporation. Advantages and Disadvantages An accommodating ... Show more content on
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Provided that the employee is ousted, resigns, or is unable to return to work he or she does not have
to compensate the funds to the employer. The employee distributes to the FSA is lesser sized
amounts for the length of the year (for instance 1/26 of the yearly amount if one paid bi– weekly),
though done as a whole, all employees of a corporation make investments of the entire average
gross during any given time, and no actual dangers is to be endured by the employer. Furthermore,
in place of paying payroll taxes to the government, the employer ordinarily pays only a minute rate
that is authoritative to the plan of $4–$10 per month per partaker. This is much less in comparison to
what the corporation would have spent for its fraction of payroll taxes. In addition, whatever money
that is not applied by the remaining term of the plan year (or agreement period) is given back to the
employer. It is established to be up to 14% of the employees and advocates such plans, at that time if
numerous employees utilize their full benefit that us flexible they are dismissed that many provoke
the corporation to have to reimburse the plan. Generally, be that as it may, employers do not declare
layoffs for certain employees to consume the benefits that are attainable and employees may in fact
lose their contributions as well as being laid off. An individual does not continue to add to

A Summary Of Medical Cost In Healthcare
This is a great thread and I appreciate you writing it. Healthcare is a right and equal treatment
should be available but at what cost? I have read some interesting articles on rationing health care
spending or perhaps controlling cost is easier to accept. Either way, medical cost continue to
increase and spending needs to be controlled which means denying something to someone but to
whom and what? Is this what we want the government to decide or is this something as nurses we
can make an impact and influence healthcare spending? Zilensky (2010) compares medical cost
spending to technology. His comparison is simply stated; if the cost of personal computers were
escalating and overtaking the American workforce's budget and the government's

Health Care Crisis Essay
The Great Depression causes a shift in priorities. During this unfortunate time period, there is a
greater focus on unemployment insurance and "old age" benefits". In addition, the Social Security
Act is passed, excluding health insurance. President Truman offers a national healthcare plan, which
involves a single system that would include all of the American people. Unfortunately, the American
Medical Association calls Truman's proposal a " communist plot". National Healthcare outlays are
4.5 of the Gross National Product. America will have a private insurance for those who can afford it
and welfare services for the needy. In addition, there is a federal responsibility established for the
poor who are sick. The American Medicine Association ... Show more content on Helpwriting.net ...
Subsequently, American Medicine is now seen as a crisis. President Nixon's plan for national health
insurance is rejected. Under the presidency of Ronald Reagan, Medicare's payment is by diagnosis
instead of treatment. Insurance companies begin to protest stating that the "traditional fee for
service" technique is exploiting doctors. During the 1990s, Health care costs double due to inflation.
By the end of this decade, 44 million Americans are uninsured. Provides benefits, rights, and
protections in regards to healthcare Sets up a convenient marketplace such as healthcare.gov to
purchase health insurance Uses a technique in which people are required to purchase health
insurance and failure to do so will result in a fee According to CMS Chief Actuary, the Affordable
Care Act's payment cut to Medicare Advantage rates will cause a decrease in enrollment. Alas,
millions of senior citizens who voluntarily enroll in Medicare Advantage rates will be forced out.
How is this improving Medicare for our senior citizens? Undoubtedly, the Affordable Care Act is a
demonstration of power. Americans are required to choose from insurance benefit packets and must
heed with federal requirements concerning what is covered and what is not. Why is the government
controlling our rights to appropriate healthcare? Why is that healthcare is a privilege when

Jet task2 Essay
JET Task 2
A1. Budgetary Items Of Concern Within the budget for Competition Bikes, Inc., there are a few
different items of concern. Some items that raise a concern within the budget are the projected
number of unit sales and the amounts budgeted for advertising and research and development. I
think it is obvious in the previous years that the amount the company spends on advertising has a
direct effect on the number of sales. According to the projected number of units that are expected to
be sold, the company is expecting an increase from 3,400 in year 8 to 3510 in year 9. This is a
considerable increase because of the fact that in year 7, there were 4,000 units sold, and in year 8 we
saw this drop to 3,400. I think that if the ... Show more content on Helpwriting.net ...
This is due to the fact that actual unit sales were projected to be 3510 units, while actual sales were
only 3423. While this is an unfavorable variance within the flexible budget, in reality, it is a positive
thing because there was an improvement in sales from the prior year. The next four variances were
favorable ones for the company. Direct materials, direct labor, manufacturing overhead, and variable
selling expenses all had favorable variances. This is to be expected as the company sold fewer units
than they had projected for. Competition should be spending less on variable expenses when they
are producing less than expected. Overall, variable expenses as a whole saw a favorable variance by
spending $ 88,989 less than expected. This is despite the fact that the variances within the
advertising and transportation out categories were unfavorable. All of these variables accounted for
show an unfavorable contribution margin variance of$ 41,076. This is due to the money lost in the
unit sales and the few unfavorable variances. Overall, fixed general and administrative expenses
experienced a favorable variance of $2,597. This is mainly due to favorable variances in the
executive compensation, employment taxes, utilities and services, research and development, and
other utilities and services expenses. In the end, Operating income had an unfavorable variance of
$38,478. This is important to note because this number was

WGU JDT2 Financial Analysis Task 2
Competition Bikes Inc. Storyline Operational Analysis
03/10/2014
WGU JET2 Financial Analysis
Task 2
Introduction
In this task, the budget schedule and proformas as well as the flexible budget were reviewed. Below
you will find my analysis and recommended corrective actions as well as how management by
exception applies.
Budget Planning Concerns
Competition Bikes has a good starting point for a budget but is overall weak and has several
budgetary concerns. A few of those items are mentioned for budget planning below.
Advertising & Research Development. Competition Bikes is expecting an increase in sales in year 9
yet they are not investing in any more in advertising or research and development. In year 7 when
sales ... Show more content on Helpwriting.net ...
Poor net sales projections impacts cash flow.
Variable Costs. Overall the company had favorable variances in variable costs, excluding the
efficiency variance. As expected, since Competition Bikes sold less than predicted, their related
costs: direct materials, direct labor, manufacturing overhead and variable expenses were less than
budgeted amounts showing a favorable variance. The labor and overhead revenue and spending
variances however, showed unfavorable due to actual output despite the changes to the flexible
budget. With the prediction of decreases costs based on sales, these costs should have also
decreased. There is no further information on why these rates were high, Competition Bikes will
need to look into those expenses.
Advertising and transportation forecasted costs should have also decreased but instead, increased.
Although an increase in advertising was recommended, the additional costs were not accounted for
in the flexible budget. Transportation out is covered by a per unit contract so the decrease in sales
should have reflected a decrease in transportation out costs. Both of these costs should have
decreased with the decrease in sales like direct materials did. These negative variances indicate the

company cannot control costs. This could be caused by a number things: fraud, miscommunication,
poor forecasting, unexpected economic changes, etc. Competition Bikes needs

Assignment 1: A Personal Financial Analysis
curve those habits a little as long as my household situation is not affected. Implementing a good
financial plan will positively impact my financial goals. I must determine if my monthly savings is
appropriate and increase saving if it is not. Choosing the correct account can impact my financial
situation immensely. Will a regular account or money market account improve my financial goals?
Opening a bank account is very easy, but allowing the balance to grow can sometimes be a
challenge so this also is an important decision to make. Purchasing or leasing a car is another
financial decision that falls within my goals. I feel I can't do without a car, because it makes my life
a little more flexible. Sometimes I have to wonder if I really need a car with all that additional
expense like insurance, car payments etc. Will it be cheaper to take public transportation? All of
these decisions come with a consequence "that could significantly impact my financial goals" and
change my ... Show more content on Helpwriting.net ...
I have to continuously make personal and financial decisions, because some of these categories
might work or might not work with every decision that I make, but are courses of action for
financial goal improvement. It's not going to be easy implementing some of these decisions, but I
realize this could be beneficial or even necessary in order to change my lifestyle and improve all my
financial goals. I cannot continue to base my decisions on what I feel, but only on what the figures
tell me. I crave to make a certain income as well live that kind of lifestyle, but my financial situation
does not entitle me to it. I must keep a notation of all my financial figures, because I cannot continue
to ignore what is staring back at me. For example, writing down figures for my current lifestyle and
see if I can afford it. I must be honest with myself, because if can't afford this lifestyle what are the

Senior Living Budgeting
Senior Living – Budgeting Budgeting is important for everybody, but it can be even more critical for
seniors. A bad financial decision may be painful in your younger years, but it can be overcome.
During retirement, a bad financial decision can be devastating since there is no longer an income
stream to replenish the lost money. The primary error made by seniors when it comes to budgeting is
not knowing where their money is going. It could be because there is not a budget in place at all, or
it could be due to changes in expenses that have not been updated. A senior living counselor can
help your loved one monitor their spending and create a weekly, monthly, and annual budget. One of
the things that typically changes when seniors retire is a change in medical insurance. Going from ...
For those who simply need a tool, there are many online resources available, such as
PowerWallet.com. PowerWallet is both free and easy to use. It even suggests ways to save money
and includes bill reminders. As a general rule, housing expenses should not account for more than
35 percent of monthly income. This includes the housing payment, insurances, taxes, utilities,
maintenance, etc. Many times, money is not set aside for repairs or fluctuations in utility expenses.
Transportation costs should account for less than 15 percent of monthly expenses. Keeping food
expenditures to 15 percent leaves 20 percent for medical expenses, 5 percent for debt payments
(loans, credit cards, etc), and 10 percent for entertainment, giving, and so forth. The percentages are
somewhat flexible, but financial experts agree that the combination of housing, transportation, and
food should never account for more than 70 percent of the monthly budget, and debt payments that
surpass 10 percent equate to financial

Verizon Wireless and AT&T Analysis
Imagine if nobody had a cellphone in today's world. That's why today everybody has some form of a
cellphone contract with the four major companies (AT&T, Sprint, Verizon or T–Mobile) or a less
know cellphone provider. AT&T and Verizon Wireless provide more than the other two major
companies.
Yes, all the four provide cellphone service, but what makes AT&T and Verizon stand out is that they
go the extra mile in reaching every customer there is out there. If anybody does a google search and
types in either AT&T or Verizon the first thing that comes up in their website is what type of
services they offer. Verizon offers wireless service which means anything from the cellphones to the
cellphone plans they provide. Residential service which ... Show more content on Helpwriting.net ...
Health and Well– Being medical, Fuentes III including prescription drug and vision care, dental,
disability. Over 30 locations with fitness centers, plus discounts to other gyms, health and dependent
care spending accounts. Time off vacation, paid vacation, personal days, holidays. Education and
training includes tuition assistance, on the job training.
AT&T offers Health plans ranging from dental, vision, disability, AT&T employee assistance plan.
Financial plans that are available are pension plans, savings plan, and flexible spending accounts.
Tuition aid leaves of absence. Employee discounts on AT&T products and services.
Verizon Wireless has all the financial information for a potential investor. On January 21st, 2014
Fran Shammo Executive Vice President and Chief Financial Officer discussed the fourth quarter
earnings results thru webcast. It has Adobe files for investors to review how the company is doing
on every single quarter. At the very top of the page it has the current stock price of the company. It
has a page dedicated to the financial performance of the company. It also has what Verizon filled
with the SEC. Verizon Wireless gives potential investor every single tid bit of information an
investor needs to know.
AT&T has a similar structure to Verizon on how they present their information to investors. AT&T
has their stock price on the website, but it displays the 52 week high and 52

Econ Islmbp
Open Economy Macroeconomics: The IS–LM–BP Model When we open the economy to
international transactions we have to take into account the effects of trade in goods and services (i.e.
items in the current account) as well as trade in assets (i.e. items in the capital account). Opening the
economy to international trade in goods and services means that we have to take into account the
increased demand for our goods by foreigners (our exports), as well as the decreased demand for our
goods that occurs because we purchase foreign goods (i.e. our imports). Total expenditures in an
open economy are C + I + G + NX, where NX –– net exports –– is equal to the level of exports (X)
less the level of imports (V). Thus, our exports (X) represent ... Show more content on
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Thus, the relative price of that foreign good has risen and therefore, less of it will be purchased by
domestic residents. So, an increase in e will cause a decrease in imports: a higher e raises the
relative cost of foreign goods and therefore reduces V. Conversely, a decrease in e lowers the
relative price of foreign goods and therefore increases V. Thus, imports are determined by domestic
income levels and the exchange rate. An increase in Y or a decrease in e causes V to increase. A
decrease in Y or an increase in e causes V to decrease. The effect of opening the economy to trade in
goods and services, is that the IS curve needs to be specified for a given exchange rate. The IS curve
still depicts the combinations of i and Y for which the level of total expenditures equals the level of
production, but now, in addition to being determined by the interest rate, total expenditures are also
determined by the exchange rate (since the exchange rate affects the level of NX). Under a fixed
exchange rate regime, the IS curve is fixed (unless there is a change in government spending or tax
rates, or the government devalues or revalues the currency). Under a flexible exchange rate regime,
the price of foreign exchange fluctuates to equate the demand and supply of foreign exchange. Thus,
e changes on a frequent basis. Whenever e changes, the IS curve shifts. If

Health Spending Account
Any time that an avenue can be explored which benefits both sides of the aisle, it should be covered
completely, discussed, and questioned. One of those things is a Health Spending Account. This
fringe benefit offering can help everyone! Here are some quick facts to spark your interest: FUNDS
ARE DEPOSITED PRE–TAX. While this is generally considered a win for the employee, it is also
a win for the employer, who pays payroll taxes as well. This could be as much as a ten percent
savings. OFTEN COMBINED WITH HIGH–DEDUCTIBLE HEALTH PLANS. Although nobody
likes a high deductible, it can be offset with a HSA. The higher deductible allows a savings for
employer and employee on the insurance since the higher up–front costs mean lower monthly
premiums, ... Show more content on Helpwriting.net ...
The HAS is independent of the insurance plan, so it goes with the employee. If next year finds a
better plan with a savings for the parties involved, then pack up and move to that money–saver, and
be sure to pack that HSA. If the whole purpose of using the HDHP is savings, then this is another
incentive to keep looking for better plans. INTEREST CREATED THROUGH THE
INVESTMENTS OF THE FUND ARE TAX FREE, ALSO. While your money sits, waiting to be
used, it is invested, and any interest is untaxed. This is another incentive for the employees to
deposit monies into the funds. HEALTH SPENDING ACCOUNTS ARE A GREAT PART OF A
FRINGE PACKAGE WHICH WILL HELP RETAIN TOP EMPLOYEES. Having a high–quality
package of perks will draw in the most qualified applicants and retain those already working. More
people leave jobs based on fringes than on salary. Addressing this with a great benefit package will
help all involved. SPENDING ACCOUNTS HAVE BEEN PROVEN TO INCREASE EMPLOYEE
INVOLVEMENT IN THEIR HEALTH CARE. Studies show that those who are responsible for the
oversight of their funds are more interested in their care, more willing to obey doctor's orders, more
likely to ask about the costs of the care they receive and alternative

Flexible Spending Account Analysis
The deductible is the amount the member pays for services after claim have been processed by the
insurance company. The insurance determines the amount that's applied towards the members'
deductible. The amount owed depends on facts of the claim such as the type of service(s) the
quantity of the service(s), and where the service took place. It could take many services like doctor's
visits, test, prescriptions refills, to meet the full deductible. The patient will receive a statement (bill)
from the service provider for the amount determined by the insurance company.
Choosing the high or low deductible plan may depend on how much money you want or could
afford for your monthly insurance premium. High–deductible health plans (HDHP) allow members
... Show more content on Helpwriting.net ...
It's like you can either pay now or later when it comes to deductibles. With low deductible plans,
some employers may offer a Flexible Spending Account (FSA) to help with medical expenses.
Typically, low deductible plans have higher co–pays that can be paid with the FSA card.
Flexible spending account FSA and health savings accounts HSA have some similarities, but they
are different. They both have a limit to the amount you can contribute and both offers convenient
debit cards to be used for medical expenses. The FSA allow for all funds to be available the first–
day benefits active. The FSA will not allow unused funds to be rolled over to the next plan year.
Members agree to an "use it or lose it" agreement when opening a flexible spending account.
Once a members' deductible is met the insurance company will then pay claims at a cost–sharing
rate. Which means the co–insurance has now kicked in and now the insurance with pay a part of the
claim and the member will pay the other part. The co–insurance is usually an 80%–20% or 70%–
30% ratio. (insurance pays the higher %) Meaning during the processing of the claim(s) the
insurance will pay their percentage and have the member pay their part. This will also be paid to the
service

Internal Financial Accountability Paper
The practices of internal financial accountability that help prevent fraud or deficit spending includes,
one senior administrator knowing their spending limits. This is knowing their individual institution
budget.
Two, Management must plan expenditures, so they are able to bounce between programs that need
it.This is where senior management is flexible in their financing.
Three, senior administrators must ensure that there are internal controls that effectively prevent
fraudulent or deficit spending checkpoints should be set up to examine budgets. This help ensure
staff is staying on the right track doing the budget year.
Four, Financial staff should be on the lookout for any invalid obligations, as they will distort the
budget picture by overstating expenditures ... Show more content on Helpwriting.net ...
Seven, Appropriate levels of reserve funding can be calculated by developing an equitable formula
that sets aside a percentage of each discipline's budget for contingencies.This should be done at the
beginning of planning budget, so if the reserve has to be used later it is there.
Eight, Accountability in any financial process is important, but in the budgetary environments
mandatory.This is because someone has to account for how the money is being used.
Ninth, Compliance monitoring or financial auditing is critical to the integrity of agency budget
process.The parent organization has to have a specific financial system audit in place. Periodic
review should be put in place to prevent fraud.
Ten, Jail or prison staff must be aware of special funds for which staff have stewardship
responsibility. These funds may include inmate accounts, inmate wages, and canteen profit accounts
designated by law or internal regulation for special institutional purposes. Inmates can be very
sensitive about their accounts and some have even filed lawsuits over them.
Eleven,Senior institution staff must also pay particular attention to the

Problems with Ppaca
Problems with PPACA:
Higher Costs
PPACA has touted new benefits without measures to cut cost.1 One should know that in America
there are already federal laws and programs to cover the elderly (Medicare), the poor (Medicaid),
and uninsured children (CHIPs), In addition there is basically free or low cost care to anyone who
needs it and it is available if one looks for it. Examples include: Shriner's hospitals, free clinics, and
providers who do pro bono work. In case that wasn't enough, there are also laws in place that ban
practices of charging more to people with pre–existing conditions in employer–based health
insurance. The 60% of Americans who get their healthcare insurance from their employer may
actually be hurt by PPACA. ... Show more content on Helpwriting.net ...
All medication purchases using FSAs or HSAs will require a prescription.1,2 Those expensive
over–the–counter medications will now be out of pocket expenses for every American, even if they
planned in advance with a HSA or FSA to cover the costs. More Red Tape It is hard to think of an
example where government intervention reduces red tape and the PPACA is no exception. Anyone
who receives $600 or more in compensation from a business will be required to receive a 1099 from
that business at the end of the year. This ruling has been predicted to be so burdensome to American
small businesses that even Obama has vowed to sign legislation to repeal it. Currently, the bill is
gridlocked in Congress.
Under the PPAC, the employer mandate will allow employers to receive monthly reports on
subsidized employees. This has potential liability implications. Revealing personal finances to
employers exposes individuals personal information and could increase employers liability.1 A
business with the employer mandate in place and coverage for a household may see the government
tack on penalties in such instances as an employee's spouse loses a job, or an elderly relative moves
in. There is the possibility that the employers will have to pay a penalty without knowing the full
details, unless challenged and given permission by a government agency.1 Finally, under the
employer mandate, PPACA forces businesses to make decisions

Total Rewards Package
For this assignment; we have been asked to design the company's new Total Rewards package with
the objective of attracting and retaining the best talent. The first thing we have, to do is perform
some background research on best practices for benefit design. I am personally researching
nonprofit organization benefits and I am currently taking over the position as HR person for the
company. There are different benefits for different companies for instance a soup and other food
companies would probably focus on health care coverage because it is a food item, that used
properly could be healthy for you. Other places like GM offers paid vacation, and flexible work
arrangements. Others offer matching 401 k plans, also things like focusing on the future generation
with paid time off for kid's events ... Show more content on Helpwriting.net ...
Some of the things we have come up with lately is finding places around the area that would provide
a discount price to your employees for their help and services to the company. I found an idea
recently to that gives employees who work on a certain day (non–holidays) and consider them as
company holidays with an additional item for working those days. If it is an employee who can
arrange to have time off offer them an unpaid summer vacation for those that want it. Hire mostly
part time or flex time workers to accommodate for additional expenses that way you are not paying
full time plus additional benefits putting the company's budget at risk, also by offering the 401 or the
403b retirement plan could be a plan but it must be one that does not match employee contribution,
it can be up to like 5% of what employee's base salary is, employer can always match amounts later
if they choose. I learned also in my research about what is called a flexible spending

The New Health Plan For Affordable Care Act
As more provisions of the affordable care act continue to be implemented many find controversy
ineffectiveness of the new health plan. On an annual basis the correlation seems to grow more
positive on one end, and more negative on the other. Since the start of (2014), the approval
percentage of the Affordable Care Act has increased from 10% to 16%, while the percentage saying
it has hurt them has also gone up, and by a similar amount, from 19% to 27% (Riffkin, 2014).
Overall 41% Americans approve of the affordable care act in comparison to 53% of Americans that
disapprove. The complexity of the changes really affects populations differently based on their
income levels. The 2010 Affordable Health Care Act passed through congress has ... Show more
The real question is, did the ACA truly reduced costs for the previous insured? Supporting data
suggest otherwise and paints the picture of ever increasing priced insurance market that has not hit
sustainability. In 2016 the American population again saw their insurance plans increasing their
premiums from 10%–13% across the board. This is much more than expected, and even worse the
co–op insurance plans have failed. The government sponsored non–profit plans offering lower rates
have not proven sustainability in result of the majority going bankrupt even after receiving 1.2
billion dollars of taxpayer's money. The Affordable Care Act is already becoming a huge tax
expense amongst Americans leading to the U.S. increasing the overall national debt. Starting 2018
all high end health insurance premium plans will come with a 40% excise tax. Also, changes in
flexible spending accounts have occurred as over the counter medicines are no longer qualified
expenses for flexible spending accounts and health savings accounts. The health care tax deduction
threshold account increased to 10% from the previous established 7.5%. All these changes through
different avenues account for more reasons we continue to see costs increase through the
ObamaCare. On the same level from a patient's perspective, providers are even challenged with
increased costs. Even though insurance is becoming more affordable the money, unfortunately has to
be recovered utilizing other

Financial Analysis
|
Budgeting|
RJET Task 2|
C.Smith–Barber4/16/2013|
A1. Budget Concerns
A fiscal document used to plan future revenue and expenditures is a called a budget (Murray, n.d.).
The overall process of whether or not the company can continue to run with the projected revenue
and expenditures is called budgeting (Murray, n.d.). It is valuable because it helps an organization
consume the inadequate financials and human capital for which is best to achieve current business
opportunities. A company is also capable of formulating both long–term and short–term strategies
for help in implementation and constant assessment of its performance.
Competition Bikes (CB) has made a master budget for Year 9 after being on a roller coaster for ...
Unfortunately, the operating income was unfavorable by –$38,478 because the costs were greater
than the revenue and the unfavorable variance of the contribution margin.
A2a. Corrective Actions
Competition Bikes experienced some disapproving variances within Year 9 by exceeding or falling
below the amount of what was budgeted. Transportation Out had an actual output of $108,297; the
contract states that it charges $30/unit which can only mean two things: they were over charged in
the amount of $31.64/unit or they produced about 3610 units but only sold 3423. Therefore, it is
extremely important that the company abide by the budgeted amount of units and make sure that the
contracted amount for each unit is being accounted. For advertising expenses, it went over by $3049
of what was forecasted. It is highly possible that CB underestimated its need for advertising
considering the company is trying to comeback from an economic downfall; however, 2% of the
gross margin was dedicated for this expense but much more was spent. There is sometimes a
possibility that fluctuation will occur among variable costs, but it is important that management
remain consistent and not deviate from the forecast or keep in mind the previous year's budget. With
the fixed expenses, administrative salaries and other general and admin expenses were unfavorable.
The expenses that should either be

The Importance Of An Organization Having A Pre Planned Budget
In this research paper I will be explaining the importance of an organization having a pre–planned
budget. Without the proper budgeting systems most organizations probably would end up spending
more than their means which could ultimately cause a great amount of hardship. First let me start off
by defining what a budget is, a budget can be defined as" the process of creating a plan to spend an
organization or individual's money. " (Peavler, 2016) It's always best to create a plan for a budget
that is for six months to a year down the road. Spending plans are an entrepreneur 's arrangement of
activity for the business firm. Without a financial plan, the entrepreneur is actually shooting
oblivious with regards to attempting to arrange ... Show more content on Helpwriting.net ...
Proprietors need to check whether arranged. According to the article " The Advantages of a Flexible
Budget" flexible budgeting unlike normal budgeting which uses predictions to make a forecasted
decision on how funds are to be budgeted in an organization. Flexible budgeting allows for an
organization get an idea of how the production or sale volumes are going and allows for changes to
be made. Fixed and Static on the other hand is a predetermined amount that is unable to be changed
if things do not go as plan that is what makes the flexible budget more advantageous. (Davoren,
2016) The business environment around you changes quickly; thusly, you should adjust to these
progressions to make your business an example of overcoming adversity. Utilizing an flexible
budgeting plan places you in a superior position to oblige these progressions, make convenient
operational alterations and take the best advantages from circumstances that exist in outside
situations. For instance, in the event that you run a transportation and dispatch administration, you
might see the expanding expense of gas and that travel costs are over spending plan. In the event
that you utilize an adaptable spending plan approach, you could name options and set them set up to
diminish the expense of these expansions. (Davoren, 2016) According to the source "Strategic
Finance" author Renita Wolf states that : "The traditional annual

The Modern Girl 's Guide For Spending Less And Saving More...
The book Shoo, Jimmy Choo! The Modern Girl's Guide to Spending Less and Saving More by
Catey Hill lays the foundation of financial life management for women of all ages. She uses fun and
real world examples to connect with her audience. There are actual instructions and how–tos feature
throughout the book, so the reader can be proactive in improving their financial stance. There are
four main parts that the book follows: 1) Style, Diet, and Fitness...for Your Finances, 2) Spending
Style, 3) Debt Diet and 4) Financial Fitness. I chose to do my finance book review on this book
because I personally have some problems with saving money. I love to shop a lot, so this book was
an easy, relatable guide for me to learn more about finance, savings, and taking control of my life
now as well as for my future. The whole book was a constant circuit of new financial lessons. A few
of the most important financial lessons I learned included tips for overcoming my spending triggers.
I tend to carelessly buy food, clothes, and accessories without really thinking twice about it and this
lesson recognized all the triggers and suggested ideas to overcome spending habits. For example, to
pack lunches and have little snacks with you so that you do not overspend with food. I also made a
financial goals chart that covered my goal, the total cost or savings needed, timing and the monthly
amount needed to achieve the goal. One helpful thing that Catey Hill did was provide real world
examples

Disadvantages Of Flexible Saving Account
Flexible saving Accounts (FSAs) are a kind of cafeteria plan letting employees to choose cash and
specified welfares by the method of a payroll inference that they designate each year. Such plan
enables the company to expand benefit selections on a tax–advantaged foundation to employees
with negligible extra out–of–pocket expenses. Flexible spending accounts provides several
advantages to Blue Post Company and the employees. Though, there are some difficulties to be
aware of. The most common one is the "utilize it or lose it" characteristic. Any amounts donated to
an account besides not consumed during the span of the year are lost to the Blue Post Company.
FSA can be set up as compensation degeneration plans which are financed totally with
representative commitments from their pay checks. The duty law restricts what amount can be
contributed every year by representatives to their adaptable spending accounts (Johnson et al, 2013).
The following are the types of ... Show more content on Helpwriting.net ...
Without this sort of arrangement, the employees may need to think of cash for co–pays when they
visit the specialist, remedy costs, and numerous other little expenses. Nonetheless, by utilizing a
Flexible Saving Account, the employees can maintain a strategic distance from a considerable
measure of these little costs and secure their financial plan (John et al., 2014). Another point of
preference of this sort of arrangement is that they can pay for over–the–counter medications. There
is a rundown of particular over–the–counter medications that can be paid for with assets from the
Flexible Saving Account. Numerous different sorts of health arrangements do not cover over–the–
counter medications in any structure. This furnishes employees with a considerable measure of
adaptability by the way they can utilize the assets from their Flexible Saving Account (John et al.,

JET2 Task 2 Report
Competition Bikes, Inc. Budget Summary Report
A1. Concerns
Upon reviewing the Competition Bikes Inc. (CBI) Budget Schedules and ProFormas for Year 9,
there are a few concerns that should be analyzed. The first is the forecasted sales in units. The
forecast for year 9 is 3,510 units, which is a 3.2% increase over the 3,400 units sold in year 8. The
storyline mentions the economic downturn, which has led to a decrease in bike sales. It can take
some time to recover sales lost during an economic downturn, and given that sales were down 15%
between year 7 and year 8, to go from a 15% decrease in sales to a 3.2% increase in sales in the span
of only two years may be an unrealistic goal. I would want to see a specific plan in place for ...
They compare this actual spending to their budgeted amounts for all line items, and variances are
calculated. Variances are the differences between the what was budget and what was actually spent.
Activity Variances
Within the Flexible Budget Performance Report for Year 9, we begin with units sold and net sales.
Net Sales
Planning Budget: 3,510 Units, Net Sales $5,247,250
Flexible Budget: 3,423 Units, Net Sales $5,117,385 (unfavorable net sales variance of $130,065).
This clearly shows that CBI overestimated their sales goal in light of unfavorable economic
conditions. Given these conditions, the fact that they still sold more bikes than in year 8 should be
considered a positive result.
Within the Variable Costs section, all of the line items included favorable variances:
Direct materials Planning Budget: $2,292,028 Flexible Budget: $2,235,219 (favorable variance of
$56,809)
Direct Labor Planning Budget: $1,053,000 Flexible Budget: $1,026,900 (favorable variance of
$26,100)
Manufacturing Overhead – Variable Planned Budget: $331,798 Flexible Budget: $323,574
(favorable variance of $8,224)
Variable Selling Expenses Planned Budget: $157,424 Flexible Budget: $153,522 (favorable variance
of $3,902)
Advertising Expenses Planned Budget: $28,412 Flexible Budget: $27,708 (favorable variance of
$704)
Transportation Out Planned Budget: $105,300 Flexible

Compare Flexible Spending Accounts
If ever you've had to pay out–of–pocket for medical, dental, vision or prescription expenses, you
likely either already had some money set aside or wish you had... That's where Healthcare Flexible
Spending Accounts (HCFSA), Limited–Purpose Flexible Spending Accounts (LPFSA) and Health
Savings Accounts (HSA) come in particularly handy. As a Benefits Administration Professional, I've
become acquainted with the various types of accounts available to cover healthcare costs. The
similarities and differences in these account structures will be covered in this essay.
One thing these accounts all have in common is their very specific rules that are governed by IRS
guidelines in Publications 502 & 969. Misuse of the accounts will lead to hefty penalties and other
unfavorable tax ramifications. Each has specific eligible expenses and deviating from those strict
guidelines is a recipe for a tax disaster.
HSAs are to be used in conjunction with a high–deductible health plan, which in the current plan
year is defined as a medial plan with a minimum annual deductible of $1300 for self–only and
$2600 for family coverage (wherein "family" consists of any combination of ... Show more content
on Helpwriting.net ...
The accounts can be used for eligible medical, dental, vision and prescription expenses incurred
during the plan year. The funds generally do not roll over from year to year (though some employers
do allow for a run–out period at the beginning of the next plan year). The accounts are commonly
referred to as "Use–It–Or–Lose–It" accounts for this reason. One key differentiator between HSA
and HCFSA is that the funds are available from the very beginning of the plan year rather than
becoming available as they accrue. Employers fully fund the account up front and the participant
pays this back over the course of the plan year via payroll deductions (Pub

Flexible Spending Account Advantages And Disadvantages
No one enjoys paying taxes! According to a study, more than half of Americans believe that the
taxes they are paying are too high. Surprisingly enough, many people are not utilizing simple tax–
saving tools that could easily help to lower their tax bills. One of those tools in particular is a
flexible spending account.
What is a flexible spending account?
A flexible spending account is a special account that you can put money into that you use to pay for
certain out–of–pocket health care costs. This is money you don't pay taxes on, which means you will
save an amount equal to the taxes you would have paid on the money you set aside. Flexible
spending accounts also have tax benefits, continue reading to find out more.
Types of flexible spending ... Show more content on Helpwriting.net ...
Both you and your employer can contribute to a dependent care flexible spending account. This can
also be used for child care costs for anyone under the age of 13 in your household.
Tax Savings for flexible spending accounts
Since the money used to fund your flexible spending account is a pre–tax taken from your paycheck
before your taxes are deducted, you are saving whatever percentage you would have paid on that
money in federal taxes. For instance, if you earn $50,000 a year and sign up for a flexible spending
account contributing $2,000 and your tax rate is 30%, you would have a $600 benefit. Plus, there are
no reporting requirements on your taxes since your flexible spending account is tax–deferred
through an employer. Who doesn't enjoy getting TAX FREE money? We know we certainly do!
End of the year balances
Flexible spending accounts are very much a "use it or lose it" style account, which means if you
have a balance at the end of the plan year, it is forfeited. Your flexible spending account may offer
you a grace period of two and a half months to use the funds, or it may allow you to carry over up to
$500 for the next year. The carry over will not count as a contribution for the next year's plan.
However, employees with a remaining balance are typically contact numerous types so that they are
able to use the money left in their account, rather than it just going to

Quest Diagnostics : The World 's Leading Provider Of...
PART 1: Firm Information Quest Diagnostics Incorporated is a publicly traded Fortune 500
company providing clinical laboratory services. The company is the world's leading provider of
diagnostic information services serving half of the physicians and hospital in the U.S. Quest
Diagnostics provides patient services through diagnostic information services and clinical lab
testing. Quest Diagnostics competes with three types of laboratory providers: hospital–affiliated
laboratories, other commercial clinical laboratories, and physician–office laboratories. Thomas
Pella, the Director of Employee Health and Wellness at Quest Diagnostics, provided the information
analyzed in this report. Quest Diagnostics has an in–house self–funded benefits plan. They
outsource their life and disability insurance through Cigna and receive consulting from Aetna.
Additionally, Quest currently has a broker partnership with Mercer. Plan Coverage and
Demographics Quest Diagnostics designs its benefits package to offer a rich plan to their employees
with a competitive contribution amount. Quest manages a workforce of 44,000 employees, with a
gender mix of 70% female and 30% male, with ages ranging from 21 to 70. Currently, 29,000 of
those employees are full–time equivalent and enrolled in the health plan. Of the 29,000 enrolled
employees, there are 30,000 dependents covered under them. In addition, the welfare plan covers
38,000 employees. Quest Diagnostics is a very diverse workforce in

Possible Causes Of Economic Inequality In The United States
In recent years, the largest protests launched by the economic weak can be said to be fought. The
issue of "inequality between the rich and the poor" in the process of economic development has
aroused numerous discussions. However, there is no statement about its causes and consequences.
The causes of inequality can be divided into three points. First, the economically distorting free
market mechanism leads to inequality between the rich and the poor. Second, political, national or
political parties have different policy options. Third, the politics and economy of the joint system
leads to unequal deterioration. The uneven inequality is caused by the uneven distribution of
political resources from the transformation of economic resources. ... Show more content on
Helpwriting.net ...
Competition mechanism extends to various areas of economic life and will cause a lot of misplaced
resources. There is always too much manpower and resources to pursue the pursuit of certain higher
paid professionals or awards, rather than the average distribution of different production processes
to the interests of society maximized. At the same time, the waste of social resources also makes the
result of economic growth not be evenly distributed, and brings a small number of winners while
other people's income gap widening results. Politics and economy are conjoined; they cannot live
without each other. Political and economic impact is a mutual role. The development of the
economy provides a material basis and a real guarantee for political stability. Political unity for the
economic development provides a good condition and foundation. But the political structure
problems cannot be solved by the economy. Economic problems cannot be understood from the
political side. The two are independent of the two

Benefits Of Payment Reimbursement Systems Within The...
Effective payment program strategies are a major part of administering health care. Reimbursement
programs are a part of the United States (U.S) health care system. They represent a financial tool for
providing cash flow to service physicians and hospitals. Most often, the ability to provide quality
health care depends on the payment for the services given by physicians and hospitals. This paper
presents a view of payment reimbursement systems within the health care industry. A comparative
overview and description of payment reimbursement will be given in order to understand the flow of
finances in the health care industry. The focus will be on the levy and fee–for–service
reimbursement systems. Readers will then be able to conclude that ... Show more content on
Helpwriting.net ...
Contrary to the situation in which the patient makes payment arrangement with the caregiver, and
then file claim directly to the insurance company to recoup all or at least part of the medical charge.
The costs of health care are higher in the United States than in other countries and put a strain on the
overall economy. In the United States, health care is technologically advanced but expensive. Health
care costs were about $2.6 trillion dollars in 2010. For decades, the amount of money spent on
health care has increased more than the overall economy has grown. Health care is paid for by
government programs, private health insurance plans, and the person 's own funds.
Private insurance
Private insurance can be purchased from for–profit and not–for–profit insurance companies.
"Although there are many health insurance companies in the United States, a given state tends to
have a limited number". Herzberg, D. Most private insurance is purchased by corporations as a
benefit for employees. The amount of money employers spend on an employee 's health insurance is
not considered taxable income for the employee. Because the government enables employees to
spend less on health care, they may use health care services more.
Government insurance programs
The largest government insurance programs include
Medicare, which funds

Flexible Spending Account: A Short Report
The Advantages and Disadvantages of Having a Flexible Spending Account (FSA) at Care Touch
Solution: A Short Report Prepared for: Care Touch Solution Prepared By: Arkemia Greer BUS105
Background Care Touch Solution is a company that support the customers as well as their
employees, therefore, they offer a variety of benefits except a Flexible Spending Account (FSA).
Now, several of the employee suggested to the HR Dept. and company's COO about looking into
adding a Flexible Spending Account (FSA) because they believe it will help each employee pay for
the uninsured services that are not cover by insurance. A health Flexible Spending Account is a
discretionary segment of a cafeteria plan that permits representatives to pay for their offer of
uninsured restorative or dental expenses on a pre–charge premise. Also, (FSAs) ... Show more
Research by Nancy Nile (2013) supports that one of the drawback about the (FSA) is that the
amount the participant set aside must be spent within 1 year. Any unspent money cannot be rolled
over, so it's very important to be very specific about the projected medical expenses (p.185). A few
businesses offer a grace period, which gives workers an additional 2½ months to spend the
remaining cash. Different businesses let you persist $500 to the following year. Bosses are permitted
to offer one of these two special cases, however not both, and they don't bring to the table either.
Another disadvantage of FSAs are normally utilized for healthcare related costs, individual health
program costs that are not therapeutically required, physician recommended drug markdown
program charges, protection premiums or instructive costs regularly don't meet qualification
prerequisites for this kind of store account. You must monitor the majority of your FSA qualified
costs and submit receipts keeping in mind the end goal to be

Misguided Social Security Reform Analysis
Misguided Social Security Reform The New York Times article, Misguided Social Security Reform,
discusses the proposed social security reform "chained" consumer price index (C.P.I) as an
alternative to cost–of–living adjustments (COLAs.) The author explains why C.P.I. will leave
retirees in a worse situation because it researches price changes for the general working population
instead of taking into account that the elderly are not regular consumers who can adjust their
spending as prices change. The elderly have lower incomes and also cannot be as flexible on
spending due to their needs are not the same as the working class. The article offers excellent social
security reform ideas that will protect the current retirees as well as future

Budget Planning And Control Management
Budget Planning and Control
According to our text a budget is a formal written statement of management's plans for a specified
future time period, expressed in financial terms (Wiley, 2013). An effective budget gives a company
command and control over financial resources. It helps a company to plan and achieve their strategic
and organizational goals. There are many reasons for a company to prepare and manage a budget,
such as assisting with performance evaluations and identifying possible constraints and limitations.
The budget is an important basis for evaluating performance. It can provide benchmarks against
which to judge success or failure in reaching goals and facilitates timely corrective measures
(Bragg, 2010). Budgeting forms the baseline for a company 's future performance. Managers create
the budget anticipating financial conditions and market expectations for future periods. These
managers calculate revenues and expenses for the period being budgeted. When the period reflected
in the budget arrives, the managers compare actual expenses to the budget numbers and evaluate the
department 's performance (Bragg, 2010).
Another advantage of budgets is that they can be instrumental in identifying constraints and
bottlenecks. The earlier example of the power plant well illustrated this point. Efficient operation of
the power plant was limited by the supply of

Classical Vs. Keynesian Models Essay
Classical vs Keynesian models
Two economic models of thought are classical and Keynesian models. Each model takes a diverse
approach to the economic education of financial policy, buyer behavior, and government spending.
The classical model, which traces its origins to the 1770s, was the first systematic attempt to explain
the determinants of the price level and the national levels of real GDP, employment, consumption,
savings, and investments. Classical economist Adam Smith and others assumed that all wages and
prices were flexible and that competitive markets existed throughout the economy. Classical
economic theory is fixed in the theory of an (no government) unrestrictive economic market. This
model especially its focus toward macroeconomics relies on four major assumptions: pure
competition exists, wages and prices are flexible, people are motivated by self–interest, and people
cannot be fooled by money illusion.
Flexible Prices are the prices of everything; supplies, employment (incomes), property (rent), etc.
must be mutually ascending and descending. However, in truth, it has been perceived that these
prices are not as freely elastic downwards as they are upwards, due to a multiplicity of market
limitations, resembling unions, and laws. Flexible prices confirm that markets regulate to
equilibrium and decrease deficiencies and overages. Say 's Law proposes that the aggregate
production in an economy must generate an income enough to purchase all the economy 's

Fiscal Policies And The Fiscal Policy
Before we talk about ways to assess fiscal policy of an economy, I would like to describe what we
mean by fiscal policies and why it is important for an economy. Fiscal policy is the use of
government revenues and expenditure to influence growth of an economy. Fiscal policies that
increase demand in an economy are called as expansionary policy whereas those which reduce
demand are called as contractionary fiscal policies. These policies are most effective in a fixed
exchange rate regime with perfect capital mobility while they are less effective if the exchange rate
is flexible. These policies are used to tackle cyclicality, external account imbalances and inflationary
problems. In the following sections, I will discuss describe various roles of fiscal policy, how the
fiscal policies should be designed, how to assess its sustainability. The essay will end with a brief
policy recommendation on fiscal policies which should be generally followed by the governments.
The government uses fiscal policy to achieve its short term and long term objectives. Short run
objective mainly includes macroeconomic stabilization by responding to various domestic and
international shocks such as natural disasters, terms of trade shock, financial crisis etc., while in the
long run the government goals can be to eradicate poverty, improve infrastructure or have structural
changes in labor market. Although countries broadly share these objective, but the priorities may
change as per country's need

HR and the Competiton for Talent Essay
In today's competitive workforce, talent is not only incremental, but also scarce. War for talent, a
term coined by Steven Hankin of McKinsey & Company, refers to the competitive landscape of
talent management of skilled and valuable employees. Talent management is defined as "the
implementation of integrated strategies or systems designed to increase workplace productivity by
developing improved processes for attracting, developing, retaining and utilizing people with the
required skills and aptitude to meet current and future business needs" (Lockwood, 2006). This
paper talks about the challenges faced by organizations and how organizations use strategic HR to
overcome concerns regarding attraction, recruitment and retention of talented ... Show more content
on Helpwriting.net ...
Telecommuting programs are also aided with the arrangement of appropriate technology, which
makes working from home easier. As one of the large–scaled companies Deloitte and the Westpac
Group understand the challenges associated with employee satisfaction. Both of these companies
improved their IT and Information and Communication Technology structure respectively by
providing their staff with the appropriate technology to carry out tasks from the comfort of their
homes. Westpac allows applicable employees the option to work from home and telecommute, this
is mutually sustainable with the company philosophy that acts a vital contributor to attract lateral
hires (Deloitte, 2013). Not only did Deloitte and Westpac recognize that in order for their
telecommuting program to work they needed to provide the staff with the right tools to do the job
efficiently and compliantly, they were also able to connect to a wider range of their staff. Empirical
research conducted by Deloitte shows that to "Only 62% of employees without access to flexible IT
policies report feeling satisfied at work. Up to 83% of employees with access to flexible IT policies
(such as social media access) report feeling satisfied at work" (Deloitte, 2013). Telecommuting
plays a substantially large role in the strategic HR department, which includes employee
satisfaction. A categorical and strategic plan that leaves no room for

Feel Good Healthcare Insurance Company
This is a compensation and benefit proposal Feel Good Healthcare Insurance company. In this
proposal we will cover the, background of the company, compare and contract some of our
competitors, look at what keeps our employees engaged with the company and the company's
benefit proposal. Feel Good Healthcare Insurance provides benefits and compensation to our
employees in addition to the normal salaries and health insurance. With good benefit packages we
give our employees a reason to stay loyal to the company. Background of Organization
Feel Good Healthcare Insurance Company is new to the healthcare industry. We have over 500
employees and we are in the states (Alabama, Mississippi and Tennessee). We offer flexible
coverage at affordable ... Show more content on Helpwriting.net ...
Our Benefit Specialists will help to employee to get the benefit that will best fit their needs and their
family needs.
We recommend that all new hire and employees during open enrollment watch a short film
explaining each of the benefits in detail. Our Benefit Specialists will help to employee to get the
benefit that will best fit their needs and their family needs.
Our benefit specialist has been trained to carefully plan the services and check all our plans with the
employee. Such as access, services and prices, we want to make sure we have proper balance
through the company. We will stay on top of new trends, so we do not become obsolete in our
benefit packages.
.

09: Variable Cost and Overhead
09
Student:
___________________________________________________________________________
1.
A flexible budget is "flexible" in the sense that a budget can be prepared for any level of activity, but
once a budget is set the budget figures are not changed if actual activity later proves to be different
than budgeted activity.
True False
2.
In a performance report, actual costs should be compared to budgeted costs at the original budgeted
activity level.
True False
3.
The overhead spending variance and the overhead efficiency variance are useful only if variable
overhead really should be proportional to the activity measure that is being used in the flexible
budget.
True False
4.
The variable overhead efficiency variance reflects how ... Show more content on Helpwriting.net ...
the difference between budgeted fixed overhead cost and applied fixed overhead cost.
D. the difference between budgeted fixed overhead cost and standard fixed overhead cost.
26. A weakness of flexible budgets is that?
A. they are geared only to a single level of activity.
B. they give subordinates too much flexibility.
C. they force the manager to compare actual costs at one level of activity to budgeted costs at a
different level of activity.
D companies with a variety of products or services may have problems in selecting an appropriate

. activity level as an overall measure.
27. Which of the following variances would be useful in calling attention to possible problems in
the control of spending on overhead items?
A.
B.
C.
D.
choice A. choice B. choice C. choice D.
28. Which of the following variances would be useful in calling attention to possible problems in the
control of spending on overhead items?
A.
B.
C.
D.
choice A. choice B. choice C. choice D.
29. The higher the denominator level of activity, then which of the following is true?
A. the higher the unit product cost.
B. the lower the unit product cost.
C. the less likely is the occurrence of a volume variance.
D. the more profitable operations likely will be.
30. A decrease in denominator level of activity will?
A. decrease the fixed portion of the predetermined overhead rate.
B. increase the fixed portion of the predetermined overhead rate.
C. decrease the variable portion of the predetermined overhead

Quiz 2 Wk 6 Essay

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