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Date
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Assessment: 3M - 3M Login Instructions - Results
Attempt 1 of Unlimited
Written Jan 13, 2024 7:04 PM - Jan 13, 2024 7:05 PM
Attempt Score
3 / 3 - 100 %
Overall Grade (Highest Attempt)
3 / 3 - 100 %
Question 1
1 / 1 point
Which of the following menu options are NOT available to you on this
example of the Patient Information screen? Select all that apply.
Question 2
1 / 1 point
What are your choices under the Grouper drop-down menu? (Select all that
apply.)
File
View
Options
Reference
Help
Question 3
1 / 1 point
Why does the field for "Total Charges:" remain at 0.00 for this patient?
Done
ICD-10 Grouper
Medicare
TRICARE
DRGFinder
All Patient Refined
APR (all versions)
The software determined no charges are needed.
No charges have been added, therefore the DRG has not yet been
calculated.
There is no patient identification to pull charges from a database.
The software is not programmed to calculate reimbursement.
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«Question 2 of 10
Goremann Corp (GC) has a total market value of $524 million. The market value of equity is $300 million and the company carries debt valued at $224 million. The before-tax cost of debt is 9
percent and the cost of equity is estimated at 14 percent. The statutory company tax rate is 35 percent. What is the weighted-average cost of capital for the company closest to?
O A. 9.34%.
O B. 10.52%.
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O C. 11.63%.
O D. 12.05%.
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A compound journal entry involves
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three accounts only.
two accounts.
three or more accounts.
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Question 10 of 10
Current assets
Total assets
Current liabilities
Long-term liabilities
Selected information from the financial statements of Sheridan's Coffee Brewers for the year ended December 31, 2014, appears below:
Sales revenue
(ulta) school
school b bartleby
Dividends
Net income
$165,600
506,000
69,000
82,800
800,400
55,200
123,280
1. The current ratio for 2014 is
2. The debt to assets ratio for 2014 is
3. The working capital for 2014 is
Calculate the amounts indicated below relating to the year ended December 31, 2014. The number of shares outstanding at the end of the
year was 36,800. Show computations. (Round "Current ratio" and "Earnings per share" to 2 decimal places, e.g.…
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Cullumber Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to
accrue interest except at December 31.
r.com: 24/7 On-
Tutoring
Nov. 1 Loaned $53,400 cash to C. Bohr on a 12-month, 9% note.
ary Resources
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $5,400, 90-day, 8% note.
16 Received a $9,600, 180-day, 8% note to settle an open account from A. Murdock.
31 Accrued interest revenue on all notes receivable.
Journalize the transactions for Cullumber Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered.…
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Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below.
Indicate the missing amount for each letter. Assume that in alltases manufacturing overhead is applied on the basis of direct labor
cost and the rate is the same. (Round overhead rate to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 5,275.)
Case A
Case B
Direct materials used
2$
(a)
$86,500
Direct labor
56,000
142,700
Manufacturing overhead applied
42,000
(d)
Total manufacturing costs
149,750
(e)
Work in process 1/1/20
(b)
25,200
Total cost of work in process
207,500
(f)
Work in process 12/31/20
(c)
13,800
Cost of goods manufactured…
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Chapter 12 Homework a
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Zachary Services Company has 61 employees, 36 of whom are assigned to Division A and 25 to Division B. Zachary incurred $364,170
of fringe benefits cost during year 2.
20
points
Required
Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B.
O Answer is complete but not entirely correct.
Allocated
Cost
Division
A
s 160,420 O
B
$ 172,760
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Blossom Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022.
1.
Purchased a 1-year insurance policy on June 1 for $ 2,196 cash.
2.
Paid $7,930 on August 31 for 5 months' rent in advance.
On September 4, received $ 4,392 cash in advance froma corporation to sponsor a game each month for a total of 9 months
3.
for the most improved students at a local school.
Signed a contract for cleaning services starting December 1 for $ 1,220 per month. Paid for the first 2 months on November
4.
30. (Hint: Use the account Prepaid Cleaning to record prepayments.)
On December 5, received $ 1,830 in advance from a gaming club. Determined that on December 31,$ 590 of these…
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Use the following information to answer questions #1-4
Mrs. Smith has a monthly payment of $230 for health insurance, a $500 deductible, an 80%/20% co-
insurance and co-payments of $15 for prescriptions and $45 for office visits.
1.
What is Mrs. Smith's premium?
a.
$45
b. $230
C.
$500
d. $1,000
2.
What amount will Mrs. Smith have to pay for medical services before the policy begins to pay?
a.
$45
b.
$230
C.
$500
d. $1,000
r for a small nrocedure costing $1,000 what percentage of the me
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TV
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Required:
Please answer: how much revenue would be allocated to the TV, the remote, and the installation service by Best Buy?
Note: Do not round intermediate calculations.
3
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Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota sells a big screen
TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by Best Buy staff. The installation includes
programming the remote to have the TV interface with other parts of the customer's home entertainment system. Best Buy concludes
that the TV, remote, and installation service are separate performance obligations. Best Buy sells the…
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Activity
Room and meals
Radiology
Pharmacy
Chemistry lab
Operating room
101
Number of days
2 days
Number of images
3 images
Number of physician orders
3 orders
Number of tests
2 tests
Number of operating room hours
2 hours
a. Determine the activity cost associated with each patient.
Abel Putin
Cheryl Umit
E
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Activity-Based Costing for a Service Company
Crosswinds Hospital plans to use activity-based costing to assign hospital indirect costs to the care of patients. The hospital has identified the
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Activity Rate
$269
per day
$379 per image
$59
per physician order
$80
per test
$840 per operating room hour
The activity usage information associated with the two patients is as follows:
Abel Putin
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Whirly Corporation's contribution format income statement for the most recent month is shown below:
Sales (8,100 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Total
$ 283,500
153,900
Per Unit
$ 35.00
19.00
129,600
$ 16.00
54,700
$ 74,900
Hint
Print
Required:
References
(Consider each case independently):
1. What would be the revised net operating income per month if the sales volume increases by 50 units?
2. What would be the revised net operating income per month if the sales volume decreases by 50 units?
3. What would be the revised net operating income per month if the sales volume is 7,100 units?
1. Revised net operating income
2. Revised net operating income
3. Revised net…
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Break-Even Sales Under Present and Proposed Conditions
Darby Company, operating at full capacity, sold 154,100 units at a price of $51 per unit during the current year. Its income statement is as follows:
Sales
$7,859,100
Cost of goods sold
2,788,000
Gross profit
$5,071,100
Expenses:
Selling expenses
$1,394,000
Administrative expenses
833,000
Total expenses
2,227,000
Income from operations
$2,844,100
The division of costs between variable and fixed is as follows:
>
Variable
Fixed
Cost of goods sold
60%
40%
Selling expenses
50%
50%
Administrative
30%
70%
expenses
Management is considering a plant expansion program for the following year that will permit an increase of $714,000 in yearly sales. The expansion…
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Question 8 of 20
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Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of
the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No
Entry" for the account titles and enter O for the amounts.)
connect
Owner invested $66,500 in exchange for common stock of the corporation.
Hired an employee to be paid $500 per week, starting tomorrow.
Paid two years' rent in advance, $7,100.
Paid the worker's weekly wage.
Recorded service revenue…
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Homework: Chapter 11
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1. EX.11.03.ALGO
Present Value of an Annuity
Determine the present value of $340,000 to be received at the end of each of four years, using an interest rate of 7%, compounded annually, as follows:
2. EX.11.04.ALGO
a. By successive computations, using the present value of $1 table in Exhibit 5. Round to the nearest whole dollar.
3. EX.11.05.ALGO
First year
317,757 V
4. EX.11.08.ALGO
Second Year
296,970 V
Third Year
277,542 V
5. EX.11.09.ALGO
Fourth Year
259,383 x
6. EX.11.10.ALGO
Total present value
1,151,651 V
7. EX.11.14.ALGO
b. By…
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Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,00O.
Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to
pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any
returns or any issues with payment.
Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered
on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers
cost…
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Han Products manufactures 27,000 units of part S-6 each year for use on its production line. At this level
of activity, the cost per unit for part S-6 is:
Direct materials
Direct labor
Variable manufacturing overhead2.50
Fixed manufacturing overhead 12.00
Total cost per part
$28.00
W
E
An outside supplier has offered to sell 27,000 units of part S-6 each year to Han Products for $22 per
part. If Han Products accepts this offer, the facilities now being used to manufacture part 5-6 could be
rented to another company at an annual rental of $77,000. However, Han Products has determined that
two-thirds of the fixed manufacturing overhead being applied to part 5-6 would continue even if part S-6…
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Assignment Problem
Anand Kalaimani Al Harthi SAOG located in Muscat Sultanate of Oman involved in manufacturing of
Drugs and Pharmaceutical Industry from 1981 to till now. The SAOG Company has provided the
following information for the months of September, October, November and December 2023.
Month
Sales
Material
Wages
Postage
Electrical
Other
September
Expense
Expense
10,000
6,000
350
1,200
1,000
5,000
October
12,500
7,500
550
2,400
2,000
6,000
November
13,600
8,200
850
3,600
3,000
5,500
December
19,400
9,000
950
4,800
4,000
3,200
Additional information:
a) Cash Balance on 1/10/2023 is RO X000000
b) Sales 25 per cent is for Cash in the same month. 50 per…
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Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is
headquartered in Toronto, Ontario, Canada. On March 1, 2024, Barrick Gold receives $150,000 from Citizen Bank and promises to
deliver 95 units of certified 1-ounce gold bars on a future date. The contract states that ownership passes to the bank when Barrick
Gold delivers the products to Brink's, a third-party carrier. In addition, Barrick Gold has agreed to provide a replacement shipment at no
additional cost if the product is lost in transit. The stand-alone price of a gold…
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Problem Set: Module 6
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1. TMM.07.05
Income Statements under Absorption Costing and Variable Costing
Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of capacity during
2. EX.07.02.ALGO
the first month. The following data summarize the results for July:
3. TMM.07.01
Sales (14,500 units)
$2,320,000
Production costs (19,000 units):
4. EX.07.12.ALGO
Direct materials
$1,124,800
5. EX.07.05.ALGO
Direct labor
539,600
Variable factory overhead
269,800
Fixed factory overhead
180,500
2,114,700
Selling and administrative expenses:
Variable selling and administrative expenses
$327,800
Fixed selling and administrative expenses
126,900…
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Question 8 of 15
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Crane Company has completed all of its operating budgets. The sales budget for the year shows 52,000 units and total sales of
$2,340,000. The total unit cost of producing one unit is $20. Selling and administrative expenses are expected to be $312,000. Interest
is estimated to be $10,400. Income taxes are estimated to be $208,000.
Prepare a budgeted multiple-step income statement for the year ending December 31, 2022.
CRANE COMPANY
Budgeted Income Statement
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- nment i Exercise 4-3A (Static) ?Prescription drugs Lori Garrett is wondering what elements are in a qualified health plan. Which of the following would be included? (You may select more than one answer. Single click the box with the question me produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong Any boxes left with a question mark will be automatically graded as incorrect.) ? Preventive and wellness services ?Mental health benefits ? Pet insurance premiums $ R % 5 ▬ T G Q Search 6 B H & 7 prt sc F10 O (DELL) O 61 He =arrow_forwardexperience during your exam m. You will be given an additional ten minute submission window to allow you submit your exam to mitigate for any tecce 5sues you m Click Save and Submit once you have completed the exam. Itiple empts Not allowed. This Test can only be taken once. rce mpletion This Test can be saved and resumed later. Your answers are saved automatically. Question Completion Status: Close Window A Moving to another question will save this response. Question 2 «Question 2 of 10 Goremann Corp (GC) has a total market value of $524 million. The market value of equity is $300 million and the company carries debt valued at $224 million. The before-tax cost of debt is 9 percent and the cost of equity is estimated at 14 percent. The statutory company tax rate is 35 percent. What is the weighted-average cost of capital for the company closest to? O A. 9.34%. O B. 10.52%. 3 points Save Answer O C. 11.63%. O D. 12.05%. A Moving to another question will save this response. Question 2 of…arrow_forwardCan you help answer both of these questionsarrow_forward
- pokmarks Window Help A edu Exam 1 WP NWP Assessment Player UI Application Question 21 of 42 View Policies Current Attempt in Progress A compound journal entry involves four or more accounts. three accounts only. two accounts. three or more accounts. Save for Laterarrow_forward← → C doctors Chapter 2 Homework: Riley Slo x WP NWP Assessment Player Ul Ap x A Player education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=4131ffcd-b4b1-4c03-9899-2873266f84cf#/question/9 BAR b bartleby w wiley connect MYOCC I CPO →bofa workjam (ulta) workjam ← Chapter 2 Homework Question 10 of 10 Current assets Total assets Current liabilities Long-term liabilities Selected information from the financial statements of Sheridan's Coffee Brewers for the year ended December 31, 2014, appears below: Sales revenue (ulta) school school b bartleby Dividends Net income $165,600 506,000 69,000 82,800 800,400 55,200 123,280 1. The current ratio for 2014 is 2. The debt to assets ratio for 2014 is 3. The working capital for 2014 is Calculate the amounts indicated below relating to the year ended December 31, 2014. The number of shares outstanding at the end of the year was 36,800. Show computations. (Round "Current ratio" and "Earnings per share" to 2 decimal places, e.g.…arrow_forwardEdit View History Bookmarks People Tab Window Help N Academic Tools :: Northern Virgi X 63% Mon 12:07 PM weCS Virginia Community College Syst X N CHAPTER 08 HW NOVA learn.vccs.edu/courses/240149/assignments/4704240?module_item_id=17254910 https://checkout.wileyplus.com/ X des View Policies rse Evaluations Current Attempt in Progress A Policies Cullumber Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. r.com: 24/7 On- Tutoring Nov. 1 Loaned $53,400 cash to C. Bohr on a 12-month, 9% note. ary Resources Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $5,400, 90-day, 8% note. 16 Received a $9,600, 180-day, 8% note to settle an open account from A. Murdock. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Cullumber Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered.…arrow_forward
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