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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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When a firm plans to issue bonds, it creates a(n) ______, which is a legal document that explains its obligations to bondholders
kobusy [5.1K]
When a firm plans to issue bonds, it creates a(n) -prime-, which is a legal document that explains its obligations to bondholders?
6 0
3 years ago
Bonita Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item N
riadik2000 [5.3K]

Answer:

Explanation:

Amount of Bolton Company inventory = 38,972

Calculations are attached

1. Find net realizable value, which is selling price - cost of disposal;

2. Then subtract normal profit from net realizable value = [g];

3. Find designated market value by choosing the middle value of cost to replace, net realizable value and [g];

4. Choose lowest between designated market value and selling price;

5. Multiply by quantity.

7 0
3 years ago
The palmer acres inn is trying to determine its break-even point during its off-peak season. the inn has 50 rooms that it rents
ivanzaharov [21]
They don't hit their break even point with all of the additional costs. They are still $11060 under the break even point at the end of the month
5 0
3 years ago
Boats R Us requires $800,000 in financing over the next 2 years. The firm can borrow the funds for 2 years at 12% interest per y
a_sh-v [17]

Answer: Short term is less costly

Explanation:

Total interest cost under long term financing = 800,000 × 12% × 2

= 800000 × 0.12 × 2

= $192,000

Total interest cost under short term financing = (800,000 × 7% ×1)+ (800,000 × 13.95% × 1) =

= (800000×0.07×1) + (800,000×0.139×1)

= $167,600

Based on the above solution, Short term financing is less costly.

4 0
3 years ago
Carl is a self-employed real estate agent. For the current year, his self-employment net earnings (revenues minus expenses) are
lisov135 [29]

Answer:

$12,240

Explanation:

Social security Tax = $80,000 x 12.4%

Social security Tax = $9,920

Medicare Tax = $80,0000 x 2.9%

Medicare Tax =  $2,320

Total tax = $9,920 + $2,320

Total tax = $12,240

3 0
3 years ago
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