An FSA can be used to pay for over-the-counter as well as prescription medications. Kendra bought the following items at the drug store: prescription allergy medication, $15.00; ibuprofen, $8.99; toothpaste, $2.99; dish detergent, $1,89; candy, $2.99; contact lens solution, $12.99. How much of the total can be paid out of the FSA

An FSA can be used to pay for over-the-counter as well as prescription medications. Kendra bought the following items at the drug store: prescription allergy medication, $15.00; ibuprofen, $8.99; toothpaste, $2.99; dish detergent, $1,89; candy, $2.99; contact lens solution, $12.99. How much of the total can be paid out of the FSA

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 3EB: Consider the following transaction: On February 15, Darling Dolls sells 110 dolls with a sales price...

See similar textbooks

Similar questions

Your firm sells home appliances at retail. When ordering washingmachines from the manufacturer, you notice the following terms listed inthe catalog:♦ List price, $400♦ Trade discounts of 25/15/5 If you take advantage of all trade discounts, find the net price you will payfor the washing machine.
Ashley St. Clair of Colorado Springs, CO drives a 4 year old Toyota Tacoma valued at $12,000. She has a $60,000 personal automobile policy with $10,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Evan Draino of Eagle, CO, drives a five-year old Chevrolet Equinox valued at $10,000. Evan has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning Evan crossed the centerline divider and struck Ashley and her friend Michelle. Below you will find the damage caused by the accident: Ashley's Bodily Injury: $8,000Michelle's Bodily Injury: $18,000Ashley's Car: $7,500Evan's Bodily Injury: $4,000Evan's Car: $9,000 Using the information above, find the following: How much will Ashley's policy pay for Michelle's bodily injury?
Shima is a carpet retailer. She can buy carpet from a wholesaler for a list price of OMR 22 per yard. If Shima receives a series discount of 20/10, what is her net price?
A vendor is running a promotion whereby a consumer who purchases three boxes of golf balls at P20 per box in a single transaction receives an offer for one free box of golf balls if the customer fills out a request form and mails it to the vendor before a set expiration date (a mail-in rebate). The vendor estimates, based on recent experience with similar promotions, that 80% of the customers will complete the mail-in rebate required to receive the free box of golf balls. How much of the transaction price is allocated to the mail-in rebate?
Mr. Raza, a drug store retailer, seils surgical face masks and KN95 masks. He can regularly acquire a supply of 200 to 400 surgical masks and 100 to 150 KN95 masks but not more than 500 items altogether. Mr. Raza can buy the surgical masks wholesale at Php10 each and sell them for Php18 each, whereas the KN95 masks cost Php25 each at wholesale but can be sold for Php 35 each. How many of each type should Mr. Raza acquire to make a maximum profit? 200 surgical face masks and 150 KN95 masks 200 surgical face masks and 100 KN95 masks 400 surgical face masks and 100 KN95 masks 350 surgical face masks and 150 KN95 masks
Ashley Diamond of Estes Park, Colorado, drives an eight-year-old Toyota valued at $9,800. She has a $74,000 personal automobile policy with $8,000 per-person medical payments coverage and both collision ($200 deductible) and comprehensive coverage. David Smith of Loveland, Colorado, drives a four-year-old Chevrolet Malibu valued at $9,000. He has a 25/50/15 family automobile policy with $21,000 in medical payments coverage and both collision ($100 deductible) and comprehensive insurance. Late one evening, while he was driving back from Rocky Mountain National Park, David's car crossed the centerline of the road, striking Ashley's car and forcing it into a ditch. David's car also left the road and did extensive damage to the front of a roadside store. The following table indicates the damages and their dollar amounts: Item Amount Bodily injuries suffered by Ashley $ 7,000 Bodily injuries suffered by Fran, a passenger in Ashley's car 28,878 Ashley's car 9,800…
The Garden Shoppe buys hedge trimmers from a wholesaler and sells them to customers at a retail price of $417.96 each. The Garden Shoppe earns a 37% markup on its cost for this hedge trimmer. Calculate The Garden Shoppe's cost for one hedge trimmer. (Rounding: penny.)
Stephanie was involved in a car accident and rushed to the emergency room. She received stitches for a facial and treatment for a broken finger. Under Stephanie PPO plan, emergency room care at a network hospital is 80 percent covered after the member has met a 300 annual deductible. Assume that Stephanie went to a hospital within her PPO network. Her total emergency room bill was 850. What amount did Stephanie have to pay? What amount did the PPO cover?
Andrea is ordering supplies for summer camp and notices the supplier has a special offer on four items on her list: caps, T-shirts, socks, and shoes. The supplier packaged these items for some special orders, and a number were returned that the supplier would like to move. There are three types of packages, I, II, III. I contains 5 caps, 10 pairs of socks, 2 T-shirts, and 4 pairs of shoes.II contains 5 caps, 6 pairs of socks, 3 T-shirts, and 3 pairs of shoes.III contains 4 caps, 5 pairs of socks, 6 T-shirts, and no shoes. Andrea estimates they will need up to 200 caps, up to 300 pairs of socks, up to 210 T-shirts, and up to 60 pairs of shoes.Based on the special price and their published camp fees, the camp can make a profit of $18 on each package I, $15 on each package II, and $6 on each package III. How many of each type of package should Andrea order to achieve maximum profit? A maximum profit of $ ? is possible if Andrea orders 15 of package I and ? of package III, or 20 of package…
A consumer buys a Television whose listed price is RO 380 from a shopkeeper and pays a sales tax at the rate of 10%. The shopkeeper pays a VAT of RO 3. The input tax for the shopkeeper is
Susan is looking for the best deal on a king-size mattress that has a wholesale price of $439. Help her compare the price of the mattress in different situations by completing the following. a) Susan can buy the mattress from a distributor that does direct-to-customer sales. When selling directly to individual customers, this distributor marks up the wholesale price 50%. Ignoring tax, how much would Susan pay for the mattress if she gets it from this distributor? b) Susan can also go to a specialty store that she knows has the mattress. This specialty store gets it from a distributor who marks up the wholesale price 20%. Then the specialty store marks it up by an additional 30%. Ignoring tax, how much would Susan pay for the mattress at this specialty store? c) Select the true statement. Susan would pay less for the mattress if she gets it directly from the distributor. Susan would pay less for the mattress if she gets it at the specialty store. Susan would pay the same amount if she…
ABC operates a consignment shop where she sells clothes for women and children. The average number of consignments sold per month is 1,000. The average material cost and the selling price of each consignment are $8 and $20, respectively. The monthly fixed costs to run this business are given below: Rental cost: $750Utilities: $150Advertising: $35Insurance: $100Labor cost: $4,000 Using Excel spreadsheet / worksheet, determine Anna's profit. Attach excel solution.