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Rasek [7]
2 years ago
13

BestCare Health Plan has received a request from a state insurance department in connection with the investigation of several ma

rketing representatives licensed by the state who sell Medicare Advantage plans. What action(s) should BestCare take in response
Business
1 answer:
Mumz [18]2 years ago
7 0

In the case above, BestCare response is to cooperate with the state and supply requested information.

<h3>What is health plan?</h3>

A health plan is known to be a kind of plan that is made for employee welfare benefit  and it is often set up or kept by an employer or by an employee firm or both, that gives medical care for its participants.

Note that, In the case above, BestCare response is to cooperate with the state and supply requested information.

Learn more about state insurance from

brainly.com/question/15008641

#SPJ1

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The modified internal rate of return is specifically designed to address the problems associated with: Multiple Choice long-term
tatiyna

Answer:

unconventional cash flows.

Explanation:

The modified internal rate of return means that return in which the cash flows that comes positive are again invested at the cost of capital of the firm also the initial investment that should be financed at the financing cost of the firm. It measures the correct cost and profitability in an accurately manner

Basically it is designed specifically for the non-conventional cash flows

And the same is to be considered

4 0
3 years ago
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p
cricket20 [7]

Answer:

Explanation:

                          Monthly Cash budget for January - March

Particulars                 January     February         March

Opening  balance     30,000       30,000         69,294

Cash received          525,000     400,000       450,000

Total                          555,000     430,000       519,294

Cash payment          (475,000)     (350,000)    (525,000)

Interest (60000*1%)   (600)    10600*1%(106)         0

                                  79,400        79,894            (5,706)

Loan repayment        (49,400)      (10,600)          35,706

Minimum cash balance of 30,000 required.

(79,400-30,000)  

(60,000-49,400)                    

Cash balance            30,000          69,294           30,000

Loan repayment.

January

Opening balance  60,000

Repayment            (49,400)

balance                   10,600

February

Opening balance     10,600

repayment(balance)  (10,600)

March

35,706

7 0
3 years ago
Hawke Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $
sdas [7]

Answer:

2019:- 62000 Income ; 2020:- 24000 loss ;  2021:- 43000 Income

Explanation:

Assets - Liabilities = Capital   (Closing / Opening both)

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

(Opening Capital = 1st Jan , Closing Capital = 31st Dec) here

2019

Closing Capital = Closing Assets - Closing Liabilities  

400000 - 250000 = 150000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

= 150000 - 100000 + 12000 =  62000 Income

2020

2020 Opening Capital = 2019 Closing Capital = 150000

Closing Capital =  Closing Assets - Closing Liabilities  

460000 - 300000 = 160000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

160000 - 150000 - 34000 = 24000 loss

2021

2021 Opening Capital = 2020 Closing Capital = 160000

Closing Capital =  Closing Assets - Closing Liabilities  

590000 - 400000 = 190000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

190000 - 160000 + 25000 - 12000 = 43000 Income

4 0
4 years ago
Pharoah Corporation had the following activities in 2020. 1. Payment of accounts payable $843,000 4. Collection of note receivab
DIA [1.3K]

Answer:

The amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows is $344,000.

Explanation:

Pharoah Corporation

Statement of cash flows (extract)

Proceeds from common stock                $256,000

Proceed from bond payable                    $466,000

Dividend paid                                           ($333,000)

Purchase of treasury stock                        ($45,000)

Net cash flows from financing activities    $344,000

Note that the payment of accounts payable and collection of notes receivable only affect the operating activities section of the cash flows.

7 0
3 years ago
Raner, Harris &amp; Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm h
Snezhnost [94]

Answer:

The Break Even Point is the Sales Value that will cover the cost of production. Meaning the Sales Value that will bring profitability to Zero

Break Even sales for Company wide =  $378,000

Break Even Value for Chicago is $111,429

And Break Even Value for Minneapolis is $120,000

The Addition of both Outlets/Offices Break Even Sales is less than the Company-wide because the Offices don't share in the Common Fixed Expense as these are specific to Group reporting.

Explanation:

6 0
4 years ago
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