Which of he following stalements is CORRECT about benefits provided by a Basic Hospital and Surgical policy?
Q: Under IFRS 4, what are the three important elements of an insurance
A: IFRS 4 - Insurance contracts refers to international financial reporting standard on insurance…
Q: Which of the following statements about revenues and expenses is correct? Multiple Choice…
A: Correct Statement: Credits increase revenues and decrease expenses. There are three types of…
Q: X, a minimum wage earner. In 2018, his salary and overtime pay totaled 200,000 and his hazard pay is…
A: In the context of the given question, we are required to compute the taxable income of X in 2018.…
Q: d coverage. An analysis of the company's insurance polic surance coverage remains. upplies account…
A: Solutions Journal entries 1). Depreciation Expense A/c Dr. $18,000 Accumulated…
Q: Calculate the missing information based on the format of the income statement. Net Sales Cost of…
A: Formula: Gross margin = Net sales - Cost of goods sold Net profit = Gross margin - Operating…
Q: Prepare a Form 1040 (pages 1 and 2). Statement of Facts Taxpayer Jane Doe has the following…
A: Tax is an important source of income for the government.Tax is not a burden on the taxpayer but a…
Q: Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even…
A: The fixed cost of the company means the cost that remains the same during the complete process of…
Q: ove and Joy formed a partnership. Love contributed cash of P126,000 and computer equipment that cost…
A: Several forms of business organisation are used mostly by businesses. These are sole proprietorship,…
Q: A firm had two departments, cloth and ready-made clothes. The clothes were made by the firm itself…
A: where there are many departments and independent activities are performed by them so it is…
Q: In a corporate corporation, which of the following is included in the equity section? Investing in…
A: Equity section of a corporation business represents amount attributable to shareholders of the…
Q: Luke and Mara Skywalker have been married for 22 years and have two children who qualify as their…
A: Introduction: Gross income is an entity's entire pay before deductions and taxes. Thus, an…
Q: Synder Corp., a lamp manufacturer, provide the following information for the year ended December…
A: The cost of goods manufactured is the cost given to units produced during a fiscal period. The idea…
Q: tional Bank grante the amount of P1,500,0 Payments are due mon National Bank incurre cost and…
A: Explanation of Concept This is the concept of recognition of loan liability in the books of loan…
Q: Classify activities according to level. BE5.11 (LO 3) Tool Time Inc. operates 20 injection moulding…
A: Introduction: Batch-level activities are work acts that are classified in an activity-based costing…
Q: The manager at Rainbow International prepares a Cost of Quality report to report the following…
A: Production Cost: Production Cost is the accumulated cost incurred while producing a product. It…
Q: Don's Dairy had sales of $271,000 in the month of March. Use the retail method to estimate the value…
A: Formulas: Estimated value of inventory at cost = Ending inventory at retail x Cost to retail ratio…
Q: Jones Supply Services paid $350 cash, the amount owed from the previous month, to a materials…
A: Lets understand the basics. When any supplies sales on credit with a term to receive payment after…
Q: What exactly are ESOPs? What are some of its benefits and drawbacks?
A: Introduction: ESOP: Employee stock ownership plan is retirement plans for employees of the company…
Q: Juliet Corporation has accumulated the following accounting data for the year: Finished goods…
A: Cost of goods manufactured = ending inventory + cost of goods sold - Beginning inventory
Q: Using MACRS: (a) Determine the depreciation schedule for each truck. (b) Determine the book value at…
A: The business has 10 new delivery trucks cost of each truck=$18000 useful (expected) life= 4 years…
Q: Direct material costs are recorded: O Indirectly to Goods in Process account. O Indirectly to a…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: The purchase of raw materials on account in a process costing system is recorded with a: O Debit to…
A: The purchase of raw materials adds to the company's inventory, which is a valuable asset. As a…
Q: Q3: Lincoln-Priest Inc., reported the following stockholder’s equity on its balance sheet at June…
A: Introduction: Stockholders' equity, also known as owners' or owners' equity, is the amount of assets…
Q: D Question 2 The following costs are included in a recent summary of data for a company: advertising…
A: It is type of costs.In detail we can refer it to an ongoing expense of operating a business.…
Q: Olivia wishes to purchase some undeveloped land for investment purposes. She is unable to pay the…
A: An funding is usually the outlay of a few capital today—time, effort, money, or an asset—withinside…
Q: QUESTION 1 Which of the following statements is false about cash budgets? O Cash receipts are…
A: In case of multiple questions, we are allowed to solve only the first question. If you want other…
Q: The following information is available for Lock-Tite Company, which produces special-order security…
A: Direct materials and direct labor are costs which can be identified with the units of goods produced…
Q: Northern Industries had sales of $429,000 in the month of May. Use the retail method to estimate the…
A: Introduction:- Retail method is used by retailers that resell merchandise to make an estimation of…
Q: Required: 1- Preparing the trial balance with balances on 31/12/2021. 2- Preparing the income…
A: Computation of cost of goods sold Cost of Goods Sold = Cost of beginning Merchandise + Purchases –…
Q: Based on the data below calculate the company's combined cost?
A: As per our protocol and guidelines we provide solution to the one question only in case there are…
Q: 21, Nkana Plc issued 80 million K1 preferred shares at a premium of K0.5 each. Issue Costs totalled…
A: Preferred Shares: These are the shares on which there is a preferential right of dividend and…
Q: The balance in the supplies account before adjustment at the end of the year is $615. The proper…
A: Given that, Supplies on hand at the end of year = $248 Supplies before adjustment = $615
Q: The Marchetti Soup company entered into the following transactions during the month of June:(1)…
A: Introduction: Journals: All the business transactions are to be recorded in journals. Journals are…
Q: Spring Appliances received an invoice dated June 13 with terms 4/10 EOM. for the items listed below.…
A: A. As per payment term of 4/10 EOM, so of invoice amount is paid within 10 days after end of the…
Q: k here to view PV table. Compute the net present value and profitability index of each project. (If…
A: Net present value is the difference between the current worth of cash inflows and withdrawals over a…
Q: Which of the following statements is a usefulness of the income statement? OA. Evaluate the past…
A: For the purpose of business analysis, accounting is important for the business. Accounting is the…
Q: Corporate creditors are required to approve a plan of consolidation. O True O False
A: Consolidation are the part of corporate world because it benefits many entities to save themselves…
Q: On December 1, 2020, RB Company issued accounts receivable of Php6,000,000 to a bank in exchange for…
A: Account receivables are client balances that have not been paid for services rendered or items…
Q: Manchester Company provided the following accounts abstracted from the unadjusted trial balance on…
A: Assets are the rights and resources being held by the business. It can be current assets or non…
Q: Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online…
A: Lets understand the basics. As per balance sheet equation, total assets is always equal to total of…
Q: A new barcode reading device has an installed cost basis of $23,790 and an estimated service life of…
A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…
Q: If a country runs a deficit on its current account, it has to be financed by running a capital…
A: A Current Account Deficit means when the income of the country from exports is less than the Imports…
Q: Give me answer within 30 min please I will give you positive rating immediat
A: Oriole company owns 4300 of the 10000 shares of Sheffield Corporation. It means Oriole has 43% stake…
Q: The Marchetti Soup company entered into the following transactions during the month of June:(1)…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: Use the following financial information to find the entry you would make on an income statement for…
A: Income statement is prepared by the business organization so as to know how much amount of gross…
Q: Corporation was authorized to issue 60,000, P100 par ordinary share capital on November 3, 2021. The…
A: Authorized share capital—also known as "authorized stock," "authorized shares," or "authorized…
Q: Can you give any examples of transactions that must be recorded or journalized? Could you provide me…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: 9) E
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: Lucent Technology maintains a gross margin of 40% on all of its merchandise. In April the company…
A: The total of all costs utilized to manufacture a product or service that has been sold is known as…
Q: Don's Dairy had sales of $271,000 in the month of March. Use the retail method to estimate the value…
A: The retail method is used to estimate the cost of inventory using cost to retail percentage.
Which of he following stalements is CORRECT about benefits provided by a Basic Hospital and Surgical policy?
A.They are lower than he actual expenses incurred
B.They are subject to large deductibles
C.They are higher than those provided by Major Medical policies
D.They are unlimited.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Which of the following statements regarding the Patient Protection and Affordable Care Act (ACA) is true? Group of answer choices a. The ACA eliminates lifetime limits on total health care insurance payments by insurers. b. The ACA limits the total number of surgeries for the insurers. c. The ACA requires employers to reimburse the cost of hospital stays of the insured. d. The ACA decides the insurance payments for dependents. e. The ACA provides major medical insurance with low deductibles to protect against catastrophic illnesses.Which of the following statements is true regarding postretirement health care benefit obligations and their accounting? a. The estimates involved in accounting for such benefits are generally less complex than those associated with accounting for pensions. b. Such benefits are usually provided as part of a defined contribution postretirement benefits plan. c. Employers usually offer multiple varying tiers of coverage based on beneficiaries’ length of service with the company. d. The gross cost of providing such coverage is commonly offset by government-provided health insurance.The following information has been gathered onthe costs and effectiveness of the two treatments, Aand B. In this problem, costs and consequences arenot discounted.a. What is the total cost for the survivors receivingtreatment A? For decedents (assuming suddendeath)?b. What is the total cost for survivors receivingtreatment B? For decedents?c. What is the expected cost for those patientsreceiving treatment A? And treatment B?d. Draw a simple decision tree showing the costsand consequences of each treatment option.e. Calculate the incremental cost and incrementalbenefit of the treatment alternatives.f. What is the ICER?
- How do economic factors influence healthcare policy decisions and outcomes?l am not satisfy give downvoteWhy might firms use nonfinancial performance measures? What measures might a hospital use?Which is Idemenity Plan and which is Managed Care Plan? Insureds create contract with an insurer who does not provide health care services The higher the deductible, the lower the premium Insured receive health care services from a designated group of providers May not even involve an insurance company No annual deduction is incurred, but a small co-payment may be required I most value the freedom of choice and am willing to pay for it. Cost is my most important consideration. I’d rather have the flexibility of either having the insurance company reimburse me or directly paying the health care provider.
- Is it possible for one hospital to have an income and expenditure account whereas another has a profit and loss account?What have been the consequences of BC/BS conversion from not-for-profit to for-profit status in terms of market share, patient access, quality of care, and cost of care?How can a patient benefit if the premiums paid are more than the cost of the medical care received? How can an insurance company benefit if the medical care it provides costs more than the premiums paid in?
- Explain the differences and similarities of Contribution made to a hospital vs. Contribution for a research grant.Indicate whether the statement is true or false, and justify your answer.In the 2010 American health reform law, one primary mechanism for financing the expansion of health insurance to the uninsured involves reducing planned Medicare expenditures.Traditional indemnity policies reimburse the insured based on the [amount charged | usual, customary, and reasonable (UCR) charges] for the medical services received. a. amount charged b. usual, customary, and resonable (UCR) charges