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Leno4ka [110]
2 years ago
6

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found tha

t the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported
Business
1 answer:
cupoosta [38]2 years ago
8 0

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported

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Which of the following is NOT a federal income tax deduction?
11Alexandr11 [23.1K]

Answer: a)

Explanation: All the others are deductible, whilst excise taxes are only deductible as a business expense.

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3 years ago
For observation to be a useful skill, what are 2 key points to avoid "cluttering" your mind with unimportant information?
julsineya [31]

When you observe information, it's important to make sure you aren't cluttering your mind with unimportant information. Unimportant information refers to anything that you are observing while learning that won't matter overtime or, doesn't directly pertain to your situation. Observation can only be a useful skill if what you are observing you remember and can do after watching on your own.

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3 years ago
Once an agreement has been reached, the person for whom a contingency has been inserted cannot: refuse to exert due diligence to
Molodets [167]

refuse to exert due diligence to cause the contingency to be satisfied within the time specified in the contract.

<h3>What is contract?</h3>

A contract is a legally binding agreement that establishes, defines, and governs the mutual rights and obligations of its parties. A contract usually involves the exchange of goods, services, or money, or the promise to exchange any of these at a later date.

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

A contract for difference (CFD) is a contract between a buyer and a seller in which the buyer agrees to pay the seller the difference between the current value of an asset and its value at the time of the contract.

To know more about contract follow the link:

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8 0
2 years ago
Read 2 more answers
The Cavy Company estimates that the factory overhead for the following year will be $250,000. The company calculated its Predete
notsponge [240]

Answer:

Overapplied overhead= $7,575 overapplied

Explanation:

<u>First, we need to allocate overhead costs based on actual hours: </u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

<u>Now, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575 overapplied

5 0
3 years ago
CVS pharmacy collects data from bar-coded products. These data can be evaluated and combined to monitor which CVS products are i
Pani-rosa [81]

Answer:

InfoScan.

Explanation:

A UPC is an acronym for universal product code. UPC is typically used for the identification of a specific product and its manufacturer (vendor) through a unique code that is printed on the product.

Basically, a universal product code (UPC) comprises of two (2) main parts;

A machine-readable barcode that contains sets of vertical black lines.

A unique twelve (12) digit number placed beneath or adjacent to the machine-readable barcode.

The first six-digits of the UPC represents the manufacturer and is printed on all of its products while the next five-digits is the product's unique reference number (item number) and the last digit is typically known as a check digit, used for the verification of the authenticity of a UPC.

Generally, the universal product code are usually scanned with a barcode scanner and this makes it easier to identify a product, as well as its price.

In this scenario, CVS pharmacy collects data from bar-coded products, which can be evaluated and combined to monitor its products that are in demand by customers. Also, this method is used to track pricing data to make sure that its pricing remains competitive among rivals. Thus, thiis is an example of InfoScan used for systemically scanning price information on products.

3 0
3 years ago
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