Answer:
$40,500
Explanation:
The computation of the bill payment paid by the insurance is shown below"
= Medical bill incurred cost × percentage given + deductible amount
= $50,000 × 80% + $500
= $40,000 + $500
= $40,500
We simply added the medical bill insured cost based on the percentage and the deductible amount so that the accurate amount can come
Answer: Mass production
Explanation:
Since the products produced by the company uses standardized production runs and very little product customization, the type of technology structure used is mass production.
Mass production refers to production of of large quantities of products which are standardized usually by using automation technology or assembly lines. Mass production brings about the efficient production of a huge amount of similar products.
The company is displaying an example of buying allowances.
<h3>
What is purchase allowance?</h3>
A manufacturer or distributor may give a purchasing allowance as a discount on the list price in exchange for a minimum order. A consumer may also be given this amount in return for keeping any defective or inaccurate items. When a client has official buying functions, purchase allowances are more prevalent since the purchasing team may negotiate them with suppliers.
<h3>What is the difference between sales allowance and cash discount?</h3>
You might wish to offer a buyer an incentive occasionally while attempting to sell your house. Offering a monetary discount or a sales allowance might aid in the selling of your house if there is a significant supply of houses in your neighborhood. <u>Both a </u><u>sales allowance </u><u>and a </u><u>cash discount </u><u>can assist persuade a </u><u>buyer </u><u>to </u><u>buy</u> your house, even if both incentives are different in theory.
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Answer:
The answer is 8.55 percent
Explanation:
This is Capital Assets Pricing Model(CAPM) shows the relationship between undiversified risk(systemai risk) and the expected rate of return for shareholders. It is used to determine the cost of equity. This model is widely used in finance.
The formula is: Risk free rate of return + beta(market return - risk free rate of return ).
Note that risk free rate of return - market return is known as risk premium i.e the compensation for taking risk.
Risk free rate of return - 4 percent
market return - 11 percent
Beta - 0.65
4 + 0.65(11 - 4)
4 + 0.65(7)
4 + 4.55
=8.55 percent
Answer:
a) I used an excel spreadsheet to record the T-accounts
the closing entries would be:
Dr Sales revenue 12,100
Dr Purchase discounts 48
Dr Interest revenue 600
Dr Gain on sale of land 1,500
Cr Income summary 14,248
Dr Income summary 8,512
Cr Cost of goods sold 6,450
Cr Sales returns 1,680
Cr Sales discounts 242
Cr Distribution costs 140
Dr Income summary 5,736
Cr Retained earnings 5,736
b) Ross Company
Income Statement
For the year ended December 31, Year 2
Revenues:
-
Sales revenues $12,100
- Sales returns ($1,680)
- Sales discounts ($242) $10,178
Cost of goods sold <u>($6,450)</u>
Gross profit $3,728
Expenses:
-
Distribution costs ($140) <u>($140)</u>
Operating income $3,588
Other sources of income:
-
Gain on sale of land $1,500
- Interest revenue $600 <u>$2,100</u>
Net income before taxes $5,688
