Answer:
Dr Lawsuit Expense 305,090
Cr Lawsuit Liability 305,090
Dr Lawsuit Loss 112,720
Cr Lawsuit Liability 112,720
Explanation:
Preparation of Journal entries
Based on the information given we were told that Buchanan had to paid the amount of $305,090 for damages which means that the Journal entry will be:
Dr Lawsuit Expense 305,090
Cr Lawsuit Liability 305,090
Based on the information given we were told that he was considering to establish the amount of $112,720 as a self insurance allowance which means that the Journal entry will be:
Dr Lawsuit Loss 112,720
Cr Lawsuit Liability 112,720
Answer:
The correct answer is 65.
Explanation:
If you have a job enrolling in Medicare during a valid Medicare enrollment period, and you have both Medicare and your employer's insurance, these are the rules set by Medicare that decide which coverage you must pay first (called the "primary payer") and what coverage you must pay in the second instance (called "secondary payer"). Generally, the order of payers works as follows:
- If you have retiree coverage from your employer or union, Medicare usually pays first.
- If your group health plan coverage comes from your current job (or if you got it from a family member), the primary and secondary payer are determined based on your age, the number of people employed by your employer and the reason you have Medicare, either because of your age, disability, or End-Stage Renal Disease (ESRD).
- If you are under 65 and have a disability, and you or a family member is still working, your group health plan pays first if any of your employers has 100 or more employees.
- If you are over 65 and you or your spouse are still working, your group health plan pays first if any of your employers has 20 or more employees.
- If you have Medicare because of an ESRD, your group insurance plan pays first for the first 30 months after you become eligible for Medicare. Medicare will pay first after the 30-month period.
- Typically, liability insurance, no-fault insurance (including auto insurance), pneumoconiosis benefits, and worker's compensation pay first for your related coverage.
- Medicaid never pays first for Medicare-covered services, but only pays after Medicare, employer group health plans, and / or Medigap (Medicare supplement) plans have paid.
Answer:
$11 billion annually.
Explanation:
Firms carried out assessments based on their daily activities as well as employee assessment.
Employees in firms are assessed based on their productivity level, rate at which they are absent from work as well as their turnover rate in the firm.
Low productivity can be defined as a decrease in the production capacity of a firm due to the inefficiency of workers.
Absenteeism can be defined as when a person is not present at work. This may be due to genuine or deliberate reasons.
Employee turnover can be defined as the number of employees who leave a firm and are replaced with new employees.
Low productivity, consistent absenteeism and employee turnover rates are said to cause firms to lose a lot of money due to:
a. Payment of salary for absent workers
b. Having to find replacement for absent staffs.
c. Low productivity due to lack of or absent staffs.
It is estimated that firms lose $11 billion annually in productivity, absenteeism, and employee turnover due to caring for aging parents.
At a price of $13, quantity demanded is 120 units<span>, quantity supplied </span>is 130 units; therefore,<span> excess supply</span> has occurred. This is also called as economic surplus. This is the effect when the price set to the product is above its equilibrium level which is determined by its supply and demand.<span> </span>
customers are always right
don't argue with the customers
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