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max2010maxim [7]
1 year ago
15

People in favor of leaving health care to the private sector have suggested that those with preexisting conditions get loans to

cover their costs, instead of insurance. But this is ridiculous! Are you telling me that we're going to take a young man, suffering from chronic diabetes or muscular dystrophy, struggling every day with his disease, and make him spend his life as in indentured servant to a bank?
Business
1 answer:
timama [110]1 year ago
3 0

Answer:

Explanation:

i agree

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Following are the transactions of a new company called Pose-for-Pics
Assoli18 [71]

Answer:

Pose-for-Pics

1. T-accounts:

Cash

Date         Accounts Titles            Debit      Credit

Aug. 1      Common stock           $6,500

Aug. 2     Prepaid Insurance                       $2,100

Aug. 5     Office supplies                                 880

Aug. 20   Photography Fees        3,331

Aug. 31    Utilities                                             675

Aug. 31    Balance                                       $6,176

Common Stock

Date         Accounts Titles            Debit      Credit

Aug. 1       Cash                                           $6,500

Aug. 1       Photography Equipment           33,500

Aug. 31     Balance                       $40,000

Photography Equipment

Date         Accounts Titles            Debit      Credit

Aug. 1      Common stock           $33,500

Prepaid Insurance

Date         Accounts Titles            Debit      Credit

Aug. 2      Cash                             $2,100

Office Supplies

Date         Accounts Titles            Debit      Credit

Aug. 4      Cash                                $880

Photography Fees

Date         Accounts Titles            Debit      Credit

Aug. 20    Cash                                             $3,331

Utilities

Date         Accounts Titles            Debit      Credit

Aug. 31     Cash                             $675

2. Pose-for-Pics

Trial Balance

As of August 31:

Accounts Titles            Debit      Credit

Cash                           $6,176

Common stock                          $40,000

Equipment                33,500

Prepaid Insurance      2,100

Office supplies             880

Photography Fees                        3,331

Utilities expense          675

Totals                    $43,331      $43,331

Explanation:

T-accounts are the general ledger accounts where the transactions of Pose-for-Pics are summarized.  From the T-accounts, the Trial Balance can be prepared to show the list of account balances from the general ledger.  The Trial Balance forms the first basis for the preparation of financial statements after adjustments have been made for accruals, prepayments, deferred revenue, and depreciation expenses.  The Trial Balance may also show that the accounts have been correctly posted with corresponding debit and credit entries.

6 0
2 years ago
You purchased 1,000 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load o
Mazyrski [523]

Answer:

6.37%

Explanation:

Rate of return

= (Aggregate investment value after one year - Investment value) / investment value   ----- equation 1

Cost of shares =number of shares* price per share

             = 1000* $20 =$20,000

Total amount invested = Purchasing cost /(1- front-end load)

               = $20,000 / (1-0.04)

                =$20,000 / 0.96 = $20,833.333

Investment value after one year

           = Total Investment*( 1+ price increase-expense ratio)

         = $20,000( 1 +0.12 -0.012)

          = $20,000(1.12-0.012) = $20,000 * 1.108 = $22,160

From equation 1 above

Rate of return = ($22,160 - $ 20,833.333) / $20,833.333

        $ 1,326.667 / $ 20,833.333

= 0.06368001701

  = 0.0637

Since rates of return are expressed as %, we multiply the result by 100 to get

  0.0637*100 =6.37%

My rate of return on the fund will be 6.37% if I sell the shares at the end of the year.

7 0
3 years ago
When solving for a present value, all cash flows should be discounted from the A : future to the present. B : the past to the fu
Alisiya [41]

Answer:

B the past to the future

3 0
3 years ago
The term used to describe the degree to which tasks in an organization are subdivided into separate jobs is called ________.
lyudmila [28]

Answer:

work specialization

Explanation:

The term being described is known as work specialization. This term, also known as division of labor, is mainly used by companies in order to divide a large job position into smaller, single tasks that can be completed by one individual. The individual that is given such a task is trained thoroughly in order for them to become a specialist in that task and output more precise workloads.

6 0
3 years ago
Read the excerpts about climate change. Article 1, found on the website of the Natural Resources Defense Council, a certified ch
Drupady [299]
The answers would be:
Article 2 uses a scientific claim because the author says the Earth is in a cooling cycle.
Although Article 1 mentions evidence discovered by scientists, more research is needed about the data source to determine if the claim is scientific. 
4 0
3 years ago
Read 2 more answers
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