Q: An example of an expense classifi cation by function is: B . interest expense
A: An example of an expense classification by function is
Q: The contract rate is above the market rate. The contract rate is equal to the market rate.
A: The correct answer is option (a) The contract rate is above the market rate.
Q: What is the amount of each payment?
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
Q: LC8Q3.Which of the following is a variable cost? Loan interest rate Salary Rent Salesperson s…
A: A variable cost is a type of cost which changes in accordance to the change in the level of output.
Q: Discuss the accounting for sales allowances and how they relate to the concept of variable…
A: Sales Allowances: Sales allowances are like sales return but there is no physical return of the…
Q: What are the Uneven-Payment Series?
A: What are the Uneven-Payment Series.
Q: Which of the following creates variable consideration? Discounts Allowances Rebates All of these…
A: Variable consideration includes the following: Rebate Discount Credit Allowances Penalties Sales…
Q: Define Prepaid rent.
A: Prepaid Expense: It refers to the expenditure incurred by company that is paid in one accounting…
Q: Which of the following statements about forms of variable pay are true? Group of answer choices A…
A: Variable pay refers to the sales remuneration portion which is dependent through job performance. It…
Q: Does the Compounding occur at a different rate than that at which payments are made?
A: No, as compounding occurs at the same rate as compared to that at which payments are made.
Q: The break-even point is where a.Revenues Costs. c.Revenues = Costs. d.Revenues = Fixed Costs.
A: Formula: Break even units = Fixed cost / Unit contribution margin.
Q: the trade discount and trade discount rate.
A: List Price Net Price Trade Discount Trade Discount Rate 65.00 50.00 15.00 23.08% 115.00 98.00…
Q: tion that gives the profit in
A:
Q: Define increase or decrease of credits.
A: Definition: Account: Account is the basic record that reports all changes in the value of…
Q: What is the net price and trade discount
A: The offering of multiple trade discounts by the business on the product sold to the customer is…
Q: What is meant by Partial payments. From your stu payments and mention the differences between t
A: Partial payment refers to the payment of an invoice that is less than the full amount due. Partial…
Q: Write an equation for determining the value of the series of end-of-period payments?
A: Formula:
Q: What is the meaning of Installment Sales?
A: Installment sale: It is one of a few potential income acknowledgments approaches under the Generally…
Q: Find: a. The maintained markup in dollars and percentages. b. The gross margin in dollars and…
A: Formulas used: Maintained Mark up $ = Gross Margin$ - Cash Discounts +Alternations Gross Margin $ =…
Q: What are Equal-Payment Series?
A: Equal payment refers to the equal net periodic cash flows that an investor receives during the life…
Q: Define each of the following terms:g. Lessee’s analysis; lessor’s analysis
A: The lessee's analysis how leasing an asset is less expensive than the purchasing of the asset.
Q: Compare standard quantity discounts to cumulative quantity discounts.
A: Cumulative Quantities Discount (CQD) is a system intended to recompense consumers after a definite…
Q: Difference between annuity and lump sum payment.
A: Time value of money: Time value of money refers to the concept that the value of money available at…
Q: Find an expression for the marginal revenue function, s
A: Marginal revenue is the additional revenue earned from selling one more unit of output. It is…
Q: a. How many payments are required to s-
A: A loan refers to the amount that should be taken by the borrower from the lender for a specific…
Q: In the revenue account bonus in reduction of premium is shown as :
A: Throughout all situations involving general insurance, the insurance policy will always be acquired…
Q: Define the term Lump-Sum Purchases.
A: Lump-sum: A lump-sum amount is defined as a single complete sum of money. A lump-sum investment is…
Q: A term that refers to a situation where the revenue function is equal to the cost function.
A: Revenue function and cost function are two important terms used in cost volume profit analysis. The…
Q: Why GAAP requires the allowance method
A: while accounting the uncollectible accounts in the books of accounts GAAP requires the allowance…
Q: The term of Final Payment. Effects of Final Payment.
A: A contract is made so that the work can be done legally and both are bond to fulfill their portion…
Q: true or false Only one discount rate is used when measuring the defined benefit obligation under…
A: Defined benefit obligation refers to a form of post-employment benefit plan which provides a base of…
Q: ther with a remittance puld Northup recogniz®
A: Consignment is the process of authorizing the third party known as consignee to sell the products of…
Q: The contractual interest rate is alway state as a
A: Contractual Interest Rate Contractual interest rate refer as the rate which helps to determine the…
Q: punts receivable ipment umulated deprec tes payable
A: particulars amount particulars amount To rent expenses $45000 By service fee earned $177500 To…
Q: Payable.
A: The correct answer is c) Long term bonds payable
Q: Explain payables deferral period (PDP)
A: Payable deferral period (PDP) is a period or number of days that firms take to pay their creditors…
Q: Define the term Uneven-Payment Series?
A: Payment series: It can be defined as the sequential payments being made to another party over a…
Q: gross margin for FPD if it accepted the transfer price
A: Variable costs P400,000 Fixed costs P100,000 Total cost (A) P500,000 Total number of units…
Q: Define Lump-Sum Purchases.
A: When a company purchases a group of assets collectively for a single price, such a transaction is…
Q: Define the term the equal-payment-series compound-amount factor?
A: Equal-payment-series compound-amount factor: Equal payment series compound-amount factor is utilized…
Q: Fixed costs include all of the following except: A. Rent B. Salaries C. Wages D. Depreciation…
A: Fixed costs are the cost which have been incurred irrespective of production quantity. Fixed costs…
Q: Give examples of the Equal Payment Series?
A: The goal of this method of investment is to determine the present value of an equivalent payment…
Q: Determine total contra revenues for
A: 6. total contra revenue = sales allowance + sales discounts + sales return = 3500+18000+9000 = 30500
Q: What is the Cumulative interest payment?
A: Cumulative interest payment is the sum of all previous interest payments that are made for an…
Q: Which of the below statements refers to the concept of deferred payment? a. It is the original…
A: Temporary delay in the payment completely or partially is called deffered payment.
Q: Define Deferred annuity.
A:
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- What is a contractual adjustment? An increase in a patient’s charges caused by revisions in the billing process utilized by a health care entity. A year-end journal entry to recognize all of a health care entity’s remaining receivables. A reduction in patient service revenues caused by agreements with third-party payors that allows them to pay a health care entity based on their determination of reasonable costs. The results of a cost allocation system that allows a health care entity to determine a patient’s cost by department.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) chargesExamples of health insurance offsets include all of the following, EXCEPT: a) Co-pays b) Deductibles c) Co-insurance d) Preventive programs
- 8. What is the difference between a copay and coinsurance? a. Copay is typically a percentage of the health care service, coinsurance is a flat fee b. Copay is typically a flat fee, coinsurance is a percentage of the health care service c. Copay is paid by the individual when receiving a health care service, coinsurance is paid by the insurance companyAn important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. Now assume the consumer is part of a partial insurance plan with a coinsurance provision. Her insurance pays 50% of all medical expenses. Consider again the relationship between PL and PP and plot a coinsurance plan demand curve in PL - Q space. Label this curve D3. Finally, assume the consumer is part of a partial insurance plan with a copayment provision. Her insurance pays all expenses above and beyond her copayment of $25 for each unit of Q. Consider again the relationship between PL and PP and plot a copayment-plan demand curve in PL - Q space. Label this curve D4.Which of the following are deductible medical expenses? Select all that apply. Nonprescription drugs (i.e., over the counter drugs) Vitamins and other health supplements A gym membership Visiting a dentist for a teeth clearning Prescription Drugs Transportation and lodging related to medical care
- In accruing patient charges for the current month, which one of the following accounts should a hospital credit? Accounts Payable. Deferred Revenue. Public Support Revenue. O Patient Service Revenues. O Accounts Receivable. Question 31 4 pt Which of the following types of health care entities follow FASB Accounting Standards Codification for preparing financial statements? MacBook AirCourse Name: Principle of Healthcare Finance How does Medicare reimburse hospitals for inpatient stays?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.
- Course Name: Principle of Healthcare Finance How does Medicare reimburse physician services?Activities of daily living (ADLs) are important in determining _____ for long-term-care insurance. Group of answer choices a. type of care b. services covered c. the waiting period d. eligibility e. benefit duration4a Describe the resource-based relative value scale payment method usedby Medicare to reimburse physicians for their outpatient services. Besure to address the unit of payment and how payment rates aredetermined and adjusted under Medicare Access and CHIPReauthorization Act (MACRA) of 2015.