HMO plan uses a gatekeeper to control costs, while a PPO plan uses both a gatekeeper and coinsurance to control costs is the most correct option regarding managed care plans. D is the correct option.
An HMO plan, which stands for Health Maintenance Organization plan, is a type of managed care health plan. Unlike other plans, it typically does not require a Primary Care Physician (PCP) or referrals to specialists for patients to receive care.
However, to keep costs under control, HMOs use a gatekeeper, which is usually an appointed PCP who manages and coordinates the patient's care. The gatekeeper is responsible for ensuring that the patient receives the necessary medical attention while also controlling costs by limiting unnecessary medical procedures and specialist referrals.
On the other hand, a PPO plan, or Preferred Provider Organization plan, is also a managed care health plan. Like HMOs, PPOs also use a gatekeeper to manage costs, but they take it a step further by adding coinsurance. Coinsurance refers to a percentage of the cost of care that the insured individual pays out-of-pocket.
This means that the patient will share some of the cost of medical procedures with the insurance company, which helps to keep costs down for both parties. By using both a gatekeeper and coinsurance, PPO plans provide more flexibility and choice to patients while still keeping costs under control.
To know more about HMO plan refer here:
https://brainly.com/question/2835356#
#SPJ11
which of apple's balance sheet accounts is increased for sales made on account (credit sales)? a. cash. b. accounts receivable. c. net sales. d. accounts payable.
b. accounts receivable. When a firm sells products or services on credit, it records an account receivable on its balance sheet, which indicates the amount owed to the company by consumers.
When sales are made on account, this account is boosted to represent the rise in the company's future cash inflows. Accounts receivable is a current asset account since it indicates the amount of money that the firm expects to collect within a year. Customers make payments on their accounts, which reduces the accounts receivable balance while increasing the cash balance. Credit sales, on the other hand, have no effect on cash because the firm has not received the cash at the time of the sale. Net sales, or income generated by the sale of goods or services,
Learn more about sales here:
https://brainly.com/question/29857652
#SPJ4
suppose that real gdp per capita in the united states is $32,000, while its annual growth rate is 2%, and that real gdp per capita in china is $4,000, while its annual growth rate is 7%. how long will it take china's real gdp per capita to double?
China's real GDP per capita will double in about 11 years. This can be determined by applying the compound annual growth rate (CAGR) formula to the respective countries' real GDP per capita and growth rates.
The CAGR formula is [tex]CAGR = (FV/PV)^{1/n}- 1[/tex],
where FV is the future value, PV is the present value, and n is the number of years.
Plugging in the values for the United States, we have [tex]CAGR = (2*32,000/32,000)^{1/11} - 1 = 0.02[/tex], which confirms that the US real GDP per capita is growing at a rate of 2% per year.
Plugging in the values for China, we have [tex]CAGR = (2*4,000/4,000)^{1/11} - 1 = 0.07[/tex], which confirms that the Chinese real GDP per capita is growing at a rate of 7% per year.
Given the present values and growth rates of the two countries, it would take 11 years for China's real GDP per capita to double. This is because the Chinese real GDP per capita is growing at a rate 7% higher than the US real GDP per capita, which will allow it to double faster.
For more about real gdp:
https://brainly.com/question/30737857
#SPJ11
on april 1, garcia publishing company received $19,080 from otisco, incorporated for 36-month subscriptions to several different magazines. the company credited unearned revenue for the amount received and the subscriptions started immediately. assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by garcia publishing company on december 31 of the first year?
The journal entry that Garcia Publishing Company should record on December 31 of the first year will be DR Unearned Revenue $6,360; CR Subscription Revenue $6,360.
In accrual accounting, when a company receives payment from a customer before delivering the goods or services, it records the payment as unearned revenue. Once the company provides the services or delivers the goods, the payment becomes earned revenue. The company recognizes the earned revenue in its financial statements in the same period in which it delivers the services or goods.In the given scenario, Garcia Publishing Company received $19,080 on April 1 from Otisco, Incorporated for 36-month subscriptions to various magazines. As the subscriptions started immediately, the amount of $19,080 was credited to Unearned Revenue. Since the adjustments are only made at year-end, Garcia Publishing Company needs to record the adjusting entry on December 31 of the first year.The subscriptions are for 36 months, which means that each year (12 months) will have $19,080/36 months = $530 of earned subscription revenue. Since the company has received payment for the first year's subscription, it should adjust its accounts accordingly to record the revenue earned in the first year. Therefore, the adjusting entry on December 31 of the first year should be as follows: DR Unearned Revenue $6,360; CR Subscription Revenue $6,360.Learn more about Unearned Revenue: https://brainly.com/question/5010039
#SPJ11
If, after a deposit outflow, a bank needs an additional $3 million to meet its reserve requirements, the bank can A) reduce deposits by $3 million. B) increase loans by $3 million. C) sell $3 million of securities. D) repay its discount loans from the Fed
The bank can sell $3 million of securities to raise the funds it needs to meet its reserve requirements. thus correct optiion a)
When a bank experiences a deposit outflow, it may need to raise additional funds to meet its reserve requirements. Reserve requirements are the amount of funds that banks are required to hold in reserve either as cash in their vaults or on deposit with the central bank. The reserve requirements are expressed as a percentage of the bank's deposits.
If a bank needs additional funds to meet its reserve requirements, it can sell securities to raise the required funds. Selling securities, such as government bonds or corporate bonds, is a way for the bank to raise funds quickly without having to reduce deposits or increase loans.
Learn more about securities
https://brainly.com/question/28070333
#SPJ4
In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to:A. fill at least one key position with a nonfamily member.B. discontinue hiring family members.C. allow for minimal performance by family members.D. exclude outsiders while planning succession.E. hire family members alone.
In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to fill at least one key position with a nonfamily member. The answer is OPTION A.
He held the opinion that an effective manager should be knowledgeable in fields such as psychology, physics, and religion, as well as be guided by moral and ethical standards. Drucker maintained that managers should be leaders above all else and favored creative management over bureaucratic management.
These include competitiveness in the market, creativity, productivity, financial and material resources, profitability, managerial effectiveness and growth, employee effectiveness and attitude, and civic responsibility. Kimani lists four key management theories as the foundation of organizations: bureaucratic theory, scientific management theory, behavioral management theory, and human relations theory. The answer is OPTION A.
To learn more about management, click here.
https://brainly.com/question/29023210
#SPJ4
assume you have a bond with a semi-annual interest payment of $, a par value of $, and a current market price of $. what is the current yield of the bond?
To calculate the current yield of a bond, you need to divide the annual interest payment by the current market price of the bond, and then multiply the result by 100 to express the yield as a percentage.
The step by step calculation about how to calculate the current yield value of the bond is given below:
Current Yield = (Annual Interest Payment / Current Market Price) x 100%
Since the bond pays semi-annual interest, we first need to calculate the semi-annual interest payment by dividing the annual interest payment by 2.
So the formula becomes:
Current Yield = ((Annual Interest Payment / 2) / Current Market Price) x 100%
Let's say the semi-annual interest payment is $50, the par value is $1000, and the current market price is $950.
Using the formula above, we get:
Current Yield = (($50 / 2) / $950) x 100%
= ($25 / $950) x 100%
= 2.63%
Therefore, the current yield of the bond is 2.63%.
You can learn more about current yield of bond at
https://brainly.com/question/29435748
#SPJ11
because of the multiplier, a one-time change in expenditure will group of answer choices have little secondary effect on real gdp. expand real gdp by an infinite amount. generate more additional real gdp than the initial change in expenditure. decrease saving and investment activity and thereby decrease future real gdp.
Option (c), The multiplier ensures that a one-time change in spending will result in more economic growth than the change in spending itself.
What effect does the multiplier have on economic growth?The influence of an exogenous increase in demand on the GDP and output is known as the multiplier effect. Think about the situation when investment demand increases by one. Businesses then produce to meet this need. An increase in national income is implied by an increase in the national product.
What is suggested by the multiplier impact of expenditure?The multiplier effect states that an increase in new spending (such as exports, government spending, or investment) can lead to a higher increase in overall national revenue (GDP). This is because some of the extra spending will be made by other firms and individuals, which will result in revenue.
Learn more about multiplier effect: https://brainly.com/question/23530063
#SPJ1
The complete question is:
because of the multiplier, a one-time change in expenditure will
group of answer choices
have little secondary effect on real GDP.
expand real GDP by an infinite amount.
generate more additional real GDP than the initial change in expenditure.
decrease saving and investment activity and thereby decrease future real GDP.
while there is no specific number of comparables that is required for every appraisal assignment, how many comparable sales are considered adequate as long as the properties are very similar to the subject property?
While there is no specific number of comparables that is required for every appraisal assignment, three comparable sales are considered adequate as long as the properties are very similar to the subject property. The use of comparable sales is an essential tool used by appraisers in determining the value of a property.
What are Comparable Sales?Comparable sales are the sales of similar properties that are compared to the subject property. The properties are compared to determine the subject property's value.
Appraisers can use three different types of comparables. They are:
1. Direct Comparables: These are properties that have the same size, design, and features as the subject property.
2. Indirect Comparables: These are properties that are not exactly the same as the subject property but are similar in many ways.
3. Appraisal Comparables: These are properties that have been appraised recently and are similar to the subject property. These are the most reliable comparables used by appraisers.
The use of comparable sales is the best approach to determining the value of a property. They give an accurate representation of what the market value of the property is. The selection of comparable sales must be carefully chosen to ensure that they are similar to the subject property.
The use of comparables also ensures that the value of the property is not under or overvalued.
To know more about comparable sales, refer here:
https://brainly.com/question/28266160#
#SPJ11
if the makers of a luxury good with high consumer acceptance extend their brand name to a line of less expensive products such as clothing featuring the brand logo, what is the most likely result?
The most likely result if the makers of a luxury good with high consumer acceptance extend their brand name to a line of less expensive products such as clothing featuring the brand logo is that it will reduce the value of the original product.
When a company extends a brand, they use their existing brand name and extend it to another product. It's a common marketing tactic that is frequently used to create brand recognition and appeal across various product lines. The following are some of the advantages of brand expansion:
Creating brand awareness- When a brand is extended, it reaches a broader audience and thus increases brand awareness. By doing this, the brand can develop a solid presence in the market.
Improved sales- As a result of brand recognition and enhanced exposure, the company may expect an increase in revenue when expanding its brand into new product lines.
Brand value is improved- A company can enhance its brand's value by diversifying and expanding its product range. However, it's important to note that there are risks to expanding a brand that one should be aware of.
For example, extending a brand to a new product line might potentially diminish its value. A brand extension may also detract from the company's core product, making it less exclusive and less appealing to its original customers.
For more about consumer:
https://brainly.com/question/15869639
#SPJ11
you are a founder of messi inc and initially invested $2,000,000 and received 5 million shares of stock. a venture capitalist will invest $4 million and wants to own 20% of the company after the investment is completed. [ 10 points] a. how many shares must the venture capitalist receive to end up with 20% of the company? what is the implied price per share of this funding round? b. what will the value of the whole firm be after this investment (the post-money valuation)?
The venture capitalist must receive 8 million shares of stock to end up with 20% of the company. The implied price per share of this funding round would be $0.50 and The value of the whole firm after the investment (post-money valuation) is $6 million.
These value are calculated as follows:
A. The venture capitalist must receive 8 million shares of stock to end up with 20% of the company. The implied price per share of this funding round would be $0.50 ($4,000,000 divided by 8,000,000 shares).
B. The value of the whole firm after the investment (post-money valuation) is $6 million ($2,000,000 + $4,000,000). To explain further, post-money valuation is the value of a company after an investment has been made. It is calculated by taking the total amount of money invested in a company and adding it to the company's existing value.
For example, if a company has a pre-money valuation of $2 million and an investor invests $4 million, the post-money valuation of the company will be $6 million. This calculation is important to understand when making decisions around venture capital investments.
To learn more about stock here:
https://brainly.com/question/25765493#
#SPJ11
5-7 present and future values of a cash flow stream an investment will pay $100 at the end of each of the next 3 years, $200 at the end of year 4, $300 at the end of year 5, and $500 at the end of year 6. if other investments of equal risk earn 8% annually, what is its present value? its future value?
The present value of the investment with an annual earn of 8% is $1,025.79 and the future value is $1,995.05.
What is present value and future value?In one year, investment will pay = $100
In year 2, investment will pay = $100
In year 3, investment will pay = $100
In year 4, investment will pay = $200
In year 5, investment will pay = $300
In year 6, investment will pay = $500
The discount rate r = 8%
To calculate the present value of the investment, we will use the formula for the present value of the cash flow stream.
PV = FV/(1+r)ⁿ
For the year 1, the present value of the cash flow stream investment will be calculated as follows:
PV(Year1) = 100/(1+0.08)¹ = 92.59
For year 2, the present value of the cash flow stream investment will be calculated as follows:
PV(Year2) = 100/(1+0.08)²= 85.73
For year 3, the present value of the cash flow stream investment will be calculated as follows:
PV(Year3) = 100/(1+0.08)³= 79.40
For year 4, the present value of the cash flow stream investment will be calculated as follows:
PV(Year4) = 200/(1+0.08)⁴= 142.61
For year 5, the present value of the cash flow stream investment will be calculated as follows:
PV(Year5) = 300/(1+0.08)⁵= 201.49
For year 6, the present value of the cash flow stream investment will be calculated as follows:
PV(Year6) = 500/(1+0.08)⁶= 424.97
The present value of the investment is the sum of all of the present values.
Present value of investment = PV(Year1) + PV(Year2) + PV(Year3) + PV(Year4) + PV(Year5) + PV(Year6)
Present value of investment = $92.59 + $85.73 + $79.40 + $142.61 + $201.49 + $424.97= $1,025.79
To calculate the future value of the investment, we will use the formula for the future value of the cash flow stream.
FV = PV(1+r)ⁿ
For the cash flow stream investment, the future value of the investment can be calculated as follows:
FV = PV(1+r)ⁿ= $1,025.79 (1+0.08)⁶= $1,995.05
Hence, the present value of the investment is $1,025.79 and the future value is $1,995.05.
Learn more about Investment here:
https://brainly.com/question/15105766
#SPJ11
mask corporation generated a net operating loss of $24,000 in 2021 and taxable income of $10,000 in 2022. how much nol can mask use in 2022 to reduce taxable income (assume no carryback is possible)? a.$10,000 b.$24,000 c.$19,200 d.$8,000
Mask Corporation can use a net operating loss of $10,000 in 2022 to reduce taxable income (assuming no carryback is possible).
Explanation:Net operating loss of $24,000 in 2021 and taxable income of $10,000 in 2022 are given. Mask Corporation can carry forward its net operating loss to future years to reduce taxable income.
Net operating losses incurred in taxable years beginning after December 31, 2017, are allowed to be carried forward indefinitely, but no carryback is permitted.
Hence, assuming no carryback is possible, Mask Corporation can use its net operating loss of $24,000 in 2021 to reduce taxable income in 2022.
Therefore, the maximum net operating loss that can be used to reduce taxable income is $10,000.
Therefore, option a is correct.
To know more about operating loss refer here
brainly.com/question/31060041#
#SPJ11
pursuant to a complete liquidation, carrot corporation distributes to its shareholders real estate held as an investment (basis of $997,600, fair market value of $1,296,880). a. determine the gain or loss recognized by carrot on the distribution if no liability is involved. if no liability is involved, carrot has a recognized gain of $fill in the blank 2 299,280 on the distribution. b. determine the gain or loss recognized by carrot on the distribution if the real estate is subject to a liability of $1,097,360. if the real estate is subject to a liability of $1,097,360, carrot has a recognized loss of $fill in the blank 4 798,080 . c. determine the gain or loss recognized by carrot on the distribution if the real estate is subject to a liability of $1,396,640. if the liability were $1,396,640, carrot's recognized loss on the distribution would be $fill in the blank 6 .
If no liability is involved, Carrot Corporation has a recognized gain of $299,280 on the distribution and If the real estate is subject to a liability of $1,097,360, Carrot Corporation has a recognized loss of $798,080.
Liability refers to the legal responsibility for one's actions or omissions that result in harm or damage to another party. In other words, liability is the obligation to pay compensation or make amends for any losses or damages caused by one's actions. Liability can take different forms, such as legal liability, financial liability, product liability and professional liability.
A liability is a company's obligation that results in the company's future loss of economic benefits to other entities or businesses. A liability, like debt, can serve as an alternative to equity as a source of financing for a business. Furthermore, some liabilities, such as accounts payable or income taxes payable, are critical components of daily business operations.
Learn more about Liability: brainly.com/question/23275071
#SPJ11
snapface is a firm that manufactures polaroid cameras. suppose snapface sells its polaroid cameras to online retailers for $159 each and requires those online retailers to charge at least $179 to shoppers for each polaroid camera. true or false: the only reason for snapface to require retailers to sell polaroid cameras at a certain price is to reduce competition and extend its market power to the retail market. therefore, this practice is always economically inefficient. true false
False. Although requiring retailers to sell Polaroid cameras at a certain price may reduce competition and extend Snapface's market power to the retail market, this practice is not always economically inefficient.
In some cases, the price imposed by Snapface could result in an economically efficient outcome. For example, if Snapface's cost of production is higher than $159 per Polaroid camera, the imposed price of $179 could help Snapface to recover its cost of production and make a profit. Moreover, if the online retailers have market power and are charging higher prices than the competitive level, Snapface's imposed price could reduce market prices and help to reach an economically efficient outcome.
Thus, it is not always the case that Snapface's requirement of a certain price is economically inefficient. In some cases, it could help to reach an economically efficient outcome, while in other cases it could be economically inefficient.
For such more questions on market power
https://brainly.com/question/8643867
#SPJ11
The cliché "You get what you expect" is indicative of
Multiple Choice
a self-fulfilling prophecy.
the recency effect.
a self-serving bias.
a causal attribution.
The cliché "You get what you expect" is indicative of a self-fulfilling prophecy. A self-fulfilling prophecy is a prediction that directly or indirectly affects the outcome of a situation due to the expectation that the event will occur.
The self-fulfilling prophecy operates in a manner that reflects expectations and beliefs. When an individual anticipates an event or circumstance, they may unconsciously or consciously alter their conduct, thoughts, or actions in ways that eventually lead to the event's fulfillment. In most circumstances, the self-fulfilling prophecy creates negative results.
In general, people with low expectations of themselves and others often create self-fulfilling prophecies, and those with higher expectations frequently get better results than those with lower expectations. As a result, people's expectations may impact the choices they make, as well as the results they get from those choices.
In conclusion, the cliché "You get what you expect" indicates a self-fulfilling prophecy that can cause people to subconsciously or consciously alter their actions, conduct, or thoughts to achieve the event's expected outcome.
The correct option is A.self-fulfilling prophecy.
To learn more about “expectation” refer to the https://brainly.com/question/30131693
#SPJ11
existing information security-related certifications are typically well understood by those responsible for hiring in organizations. a. true b. false
The statement "existing information security-related certifications are typically well understood by those responsible for hiring in organizations" is true.
What is Information Security?Information security (infosec) is a field of study that deals with the protection of computer systems from damage, theft, disruption, and misuse of data. It also ensures confidentiality, data privacy, and data protection by providing access to the authorized persons. Information security-related certifications are well known by individuals who are in charge of recruitment in organizations. Certification is essential in demonstrating that an individual has achieved a high level of proficiency and knowledge in a specific area of information security. Certification programs are designed to evaluate, teach, and promote individuals with proven skills in information security practices, technologies, and principles. A certification is awarded to an individual once he or she meets the program's education and examination requirements. Certification is crucial in verifying an individual's proficiency and knowledge in a particular area of information security. Therefore, information security-related certifications are typically well-known to individuals who are responsible for recruitment in organizations.
To know more about information System click on below link :
https://brainly.com/question/28945047#
#SPJ11
a producer can raise profit by expanding output if his: group of answer choices marginal revenue is equal to marginal cost. marginal revenue is less than marginal cost. marginal revenue is negative. marginal cost is negative. marginal revenue is greater than marginal cost.
A producer can raise profit by expanding output if his marginal revenue is greater than marginal cost. Marginal revenue is the amount of revenue generated by the sale of one additional unit of output. Marginal cost is the cost associated with producing one additional unit of output.
If the marginal revenue is greater than the marginal cost, the producer will see an increase in profits by increasing output. The marginal revenue and marginal cost of producing a good are constantly changing, so the producer must be consistently monitoring these factors to ensure that their strategy is profitable.
By keeping an eye on the marginal revenue and marginal cost, a producer can make informed decisions about how to optimize their output and increase their profits.
Know more about Marginal here
https://brainly.com/question/15583202#
#SPJ11
a stock is expected to maintain a constant dividend growth rate of 4.5 percent indefinitely. if the stock has a dividend yield of 5.8 percent, what is the required return on the stock?
three years ago, x company acquired equipment for $100,000. the equipment was depreciated using the straight line method with a 5 year useful life and $10,000 salvage value. now the equipment has an estimated market value of $50,000 and a replacement value of $55,000. at what net amount should x company report this equipment on its balance sheet?
The net amount that X Company should report this equipment on its balance sheet is $45,000.
This is calculated by subtracting the estimated market value of $50,000 and the salvage value of $10,000 from the original cost of $100,000.
This means that after three years of depreciation using the straight line method, the balance sheet would show an amount of $45,000 for the equipment.
To further explain, straight line depreciation is a method in which the same amount of depreciation is taken for each year of the useful life of an asset. In this case, the asset was acquired for $100,000, had a useful life of five years, and a salvage value of $10,000.
This means that each year $18,000 would be taken off of the original cost of $100,000 (100,000 - 10,000/5). This means that after three years, the balance sheet should report the equipment at a net amount of $45,000 (100,000 - (18,000 x 3)).
To know more about balance sheet click on below link:
https://brainly.com/question/30158228#
#SPJ11
which of the following statements about business ethics is true?group of answer choicesthey are self-formulated values prioritized and adhered to by individuals in business.they measure the extent to which employees care for the needs of the business.they are commonly held principles in the business community for acceptable behavior.
The correct statement about business ethics is that they are commonly held principles in the business community for acceptable behavior.
Business ethics are rules and standards of behavior that guide and govern the actions of members of the business community. They encompass such values as honesty, trust, respect, fairness, and integrity, and are commonly accepted across industries and nations.
Business ethics represent the standards of conduct that individuals, corporations, and organizations should follow in order to behave ethically and responsibly.
They include the principles of corporate social responsibility, which is an organization's commitment to the well-being of its stakeholders, such as customers, employees, shareholders, and the community.
To know more about Business ethics click on below link:
https://brainly.com/question/30166875#
#SPJ11
if nicolai earns an 7 percent after-tax rate of return, $12,500 today would be worth how much to nicolai in five years? use
If Nicolai earns a 7 percent after-tax rate of return, $12,500 today would be worth $17,588.75 to Nicolai in five years.
Step-by-step explanation:
Nicolai's after-tax rate of return is 7%.
The present value of $12,500 is PV = $12,500.
Nicolai wants to know the future value (FV) of $12,500 in five years.
The formula to calculate future value is: FV = PV * (1 + r)n where:
FV = future value
PV = present value
r = rate of return
n = number of years
Using the formula: FV = $12,500 * (1 + 0.07)5
FV = $12,500 * 1.4071
FV = $17,588.75
The future value of $12,500 in five years at a 7% after-tax rate of return is $17,588.75.
To know more about after-tax rate, click on the link below:
https://brainly.com/question/29481028#
#SPJ11
What is ISO 14000? What is its potential impact on key stakeholders, community, businesses, and global organizations concerned about environmental issues?
ISO 14000 is a set of international standards that provide guidelines for environmental management systems. These standards aim to help organizations minimize their negative impact on the environment and comply with environmental regulations.
The potential impact of ISO 14000 on key stakeholders, including the community, businesses, and global organizations concerned about environmental issues, can be significant.
For businesses, implementing ISO 14000 standards can result in improved efficiency, reduced waste, and enhanced reputation. This can lead to increased profitability and customer loyalty.
For communities, ISO 14000 can help ensure that businesses are operating in an environmentally responsible manner, reducing the risk of pollution and other negative impacts on local ecosystems and the health of nearby residents.
For global organizations concerned about environmental issues, ISO 14000 can serve as a tool for encouraging environmental sustainability and responsible business practices across different industries and regions.
Overall, ISO 14000 has the potential to benefit a wide range of stakeholders by promoting environmental stewardship, reducing environmental risks, and improving business performance.
To know more about stakeholders visit:
https://brainly.com/question/30463383
#SPJ11
on september 1, horn co. accepted a 60-day, 5% note in the amount of $3,000 from a customer. on the due date of the note, the customer dishonors the note and fails to pay. the journal entry that horn would make on the due date would include debit to: multiple choice question. cash for $3,150 accounts receivable for $3,025 accounts receivable for $3,000 cash for $3,025 accounts receivable for $3,150 cash for $3,000
The journal entry that Horn Co. would make on the due date of the note would include a debit to Accounts Receivable for $3,150.
This is because Horn Co. accepted a 60-day, 5% note in the amount of $3,000 from a customer, and when the due date of the note comes around and the customer fails to pay, Horn Co. must debit Accounts Receivable for the face value of the note plus the interest of 5%.
The face value of the note is $3,000 and the 5% interest for a 60-day note would be ($3,000 x 5%)/360 x 60 = $25.
Therefore, the total amount debited to Accounts Receivable is $3,000 + $25 = $3,150.
To know more about debit click on below link:
https://brainly.com/question/21773539#
#SPJ11
ross corporation makes all sales on account. the june 30th balance sheet balance in its accounts receivable is $300,000, of which $190,000 pertain to sales that were made during june. budgeted sales for july are $1,150,000. ross collects 75% of sales in the month of sale; 10% in the following month; and the final 15% in the second month after the sale. what are ross's budgeted collections for july? multiple choice $1,048,500 $898,000 $991,500 $1,052,500
Ross Corporation's budgeted collections for July will be $991,500.
The calculation for the budgeted collections is as follows:
Collections for sales made in June:
Since $190,000 pertains to sales made in June, the amount collected in July will be 75% of this amount:
$190,000 × 0.75 = $142,500
Collections for sales made in July:
The budgeted sales for July are $1,150,000, and 75% of the sales are collected in the month of sale. Thus, the amount collected in July will be:
$1,150,000 × 0.75 = $862,500
Collections for sales made in August:
10% of the sales made in July will be collected in August:
$1,150,000 × 0.1 = $115,000
Collections for sales made in September:
The final 15% of the sales made in July will be collected in September:
$1,150,000 × 0.15 = $172,500
The total collections will be:
Total collections = $142,500 + $862,500 + $115,000 + $172,500 = $1,292,500
Since the question is asking for the budgeted collections for July, only the collections for sales made in July are considered. Therefore, the budgeted collections for July are $991,500 (which is $862,500 + $115,000 + $14,000).
Thus, the correct answer is option C, $991,500.
To learn more about budgeted, refer below:
https://brainly.com/question/15683430
#SPJ11
if a condominium association in florida violates the parameters under which certain contractors may design and install fire sprinkler systems, how much may the association be fined?
With a single notification and opportunity for a committee hearing as outlined in paragraph, the board may impose sanctions based on the number of days that a violation persists (b). Nonetheless, the maximum fine is $1,000, or $100 for each violation.
Do fire sprinklers need to be installed in Florida?Structures greater than 5,000 square feet are required by Florida law to have fire sprinklers installed. These include buildings that have been expanded and refurbished to be more than 5,000 square feet. For residential buildings above 12,000 feet in height and structures over 55 feet in height, sprinklers are a requirement.
Does installing sprinkler systems in Florida require a permit?If you want to establish a new system on your own property without the help of outside contractors or if you want to install lawn sprinkler systems as a for-profit business in the state of Florida, you need to acquire an irrigation contractor's license.
Learn more about contractor's license: https://brainly.com/question/30517061
#SPJ1
to make valid computations of adjustments for the market comparison approach to value, elements of comparison must be applied in a specific order. which of these elements has the highest priority?
Adjustments are made for differences in location, size, features, and amenities, and they are based on the principle of substitution, which states that a buyer will pay no more for a property than the cost of acquiring a comparable substitute.
To make valid computations of adjustments for the market comparison approach to value, elements of comparison must be applied in a specific order. The element of comparison that has the highest priority is the time or date of the sale. The market comparison approach is a property valuation technique that is based on the assumption that the price of a property is determined by the market.
In this method, the value of a property is assessed by comparing it to similar properties in the same area that have recently sold. This method works best for properties that are similar in nature, and it is primarily used for residential properties. The following are the elements of comparison:
Location: The location of the property, such as the neighborhood or street, can significantly impact its value. Similar properties in the same location are compared.
Age of Property: The age of a property can affect its value. Properties of similar age in the same location are compared.
Size of Property: The size of a property, measured in square footage, is a significant factor in determining its value. Properties of similar size in the same location are compared.
Features and Amenities: Properties with similar features and amenities, such as the number of bedrooms and bathrooms or the presence of a garage, are compared.
Time or Date of Sale: The time or date of the sale is critical because it reflects the market conditions at that time. Properties that sold recently under similar market conditions are compared. Adjustments are the changes made to the value of a property to account for differences between it and the comparable properties used in the market comparison approach.
For more about priority:
https://brainly.com/question/29980059
#SPJ11
what determines the full amount of social security retirement benefits a qualified individuals is entitled to receive
Primary Insurance Amount (PIA) determines the full amount of social security retirement benefits a qualified individual is entitled to receive
The complete amount of retirement benefits for a qualified individual is determined by the Primary Insurance Amount (PIA). The benefit that an individual would receive (before rounding down to the next lower whole dollar) if they choose to start receiving retirement benefits at their usual retirement age is known as the "primary insurance amount" (PIA). At this age, neither the benefit for early retirement nor the reward for delayed retirement is enhanced.
Three different percentages of average indexed monthly earnings are added to create the PIA. The amounts depend on the year that a worker turns 62, becomes disabled before turning 62, or passes away before turning 62.
Learn more about Social Security here: brainly.com/question/30517240
#SPJ4
What is a primary difference between business and consumer buyers?a. Consumer buyers require more product information than business buyers.b. Business purchases are made by one individual whereas families make consumer purchases together.c. Repeat sales are more common with consumer buyers than business buyers.d. Consumers primarily buy inexpensive items; businesses only buy expensive items.e. Business buyers generally make larger orders than consumer buyers.
In the following question, among the given options, option E. The primary difference between business and consumer buyers is that "business buyers generally make larger orders than consumer buyers."
Business buyers generally make larger orders than consumer buyers. Business buyers purchase products in bulk and order in large quantities, and the suppliers of the products are mostly manufacturers who supply raw materials, goods or services to other companies.
Business buyers, on the other hand, purchase products in large quantities and in bulk, and they place orders for products, raw materials, or services needed to maintain their business operations. Business buyers are thus large buyers who place large orders to get a better deal on the price per unit.
Therefore, the correct answer is option E.
For more such questions on business
https://brainly.com/question/24553900
#SPJ11
The correct answer is option (e): "Business buyers generally make larger orders than consumer buyers."
The difference between business and consumer buyers is that business buyers generally make larger orders than consumer buyers. A customer is a consumer who buys a product or service, while a purchaser is a person who buys the product or service for resale or business use.
The products and services that businesses buy differ from those that consumers buy. Consumers are buying goods or services for personal use, while businesses are buying goods or services to support their operations.
For example, a business could buy 1,000 paper clips for use in the office while a consumer would buy a small pack of paper clips for home use.
Consumers may buy goods or services based on emotion, while businesses purchase based on specific criteria such as return on investment or cost-benefit analysis.
For example, a consumer may choose to buy a more expensive coffee brand because it's trendy, while a business may choose to buy the same coffee brand because it has a better return on investment.
The business buyers must justify the purchase to management, while the consumer does not have this burden. Business buyers, unlike consumer buyers, must go through a formal procurement process that includes a request for proposal (RFP), vendor evaluation, and purchase order issuance.
Business buyers have unique demands that cannot be met by standard consumer goods. Businesses have different requirements and operational needs than individuals, making the differences between business and consumer buyers critical to understanding how to reach and serve each segment effectively.
To learn more about business buyers, refer below:
https://brainly.com/question/5295378
#SPJ11
the cpi in 1980 was 82, and the cpi in 2006 was 202. if you earned a salary of $30,000 in 1980, what would be a salary with equivalent purchasing power in 2006?
The equivalent salary in 2006 if you earned a salary of $30,000 in 1980 with equivalent purchasing power would be $73,170.73.
To find the salary with equivalent purchasing power in 2006 if you earned a salary of $30,000 in 1980, we will have to calculate the inflation rate between 1980 and 2006. Then we will use the inflation rate to find the equivalent salary in 2006.
Step 1: To calculate the inflation rate, we will use the formula: Inflation rate = (CPI in later year - CPI in earlier year) / CPI in earlier yearwhere CPI stands for Consumer Price Index. So, the inflation rate between 1980 and 2006 will be: Inflation rate = (202 - 82) / 82 = 1.4634 = 146.34%
Step 2: Now we will use the inflation rate to find the equivalent salary in 2006. We will use the following formula: Equivalent salary in later year = Salary in earlier year × (CPI in later year / CPI in earlier year)Equivalent salary in 2006 = $30,000 × (202 / 82) = $73,170.73
Therefore, the equivalent salary in 2006 if you earned a salary of $30,000 in 1980 with equivalent purchasing power would be $73,170.73.
To know more about purchasing power , refer here
https://brainly.com/question/14892961#
#SPJ11
assume a purely competitive firm is selling 200 units of output at $3 each. at this output, its total fixed cost is $100 and its total variable cost is $350. this firm:
The total revenue will be $450, total cost will be $250, and the firm's profit will be $200.
This firm is making a profit, as its total revenue of $600 ($3 x 200 units) is greater than its total costs of $450 ($100 in fixed costs plus $350 in variable costs). At this rate, it is earning a profit of $150. This profit is created by charging a higher price for the output than what it is actually costing the firm to produce it, as total revenue is greater than total cost.
The profit-maximizing quantity for a purely competitive firm is where marginal revenue (MR) equals marginal cost (MC). In this case, the marginal revenue would be $3, and the marginal cost would be the variable cost per unit, which is $1.50. To maximize profit, the firm needs to produce 150 units, as this is the quantity where MR = MC.
At this output, total revenue will be $450, total cost will be $250, and the firm's profit will be $200. This profit is higher than when the firm was producing 200 units, showing the importance of knowing the optimal quantity to produce to maximize profits.
For more such question on revenue
https://brainly.com/question/14838576
#SPJ11