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2 years ago

What is medicare ahip

Business

1 answer:

deff fn [24]2 years ago

5 0

Answer:

AHIP, (America's Health Insurance Plans), is an industry-recognized certification test that is required by almost all Medicare carriers. It's required to sell Medicare Advantage (MA) or Prescription Drug Plans (PDPs) for each calendar year.

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The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Acco

Marta_Voda [28]

Answer:

Sigmon Inc.

1. Accounts receivable turnover = Sales/Average accounts receivable

20Y3 = 8.49x

20Y2 = 7.75x

2. Number of days sales in receivables = 365/Accounts receivable turnover

20Y3 = 43 days

20y2 = 47.1 days

3. The collection of accounts receivable has improved from 47.1 days to 43 days. This can be seen in both the in accounts receivable turnover and the in the collection period.

Explanation:

a) Data and Calculations:

Terms of all sales are 2/10, n/45

20Y3 20Y2 20Y1

Accounts receivable, end of year $710,000 $630,000 $565,000

Sales on account 5,691,000 4,628,500

Average accounts receivable 670,000 597,500

1. Accounts receivable turnover = Sales/Average accounts receivable

20Y3 = 8.49x ($5,691,000/$670,000)

20Y2 = 7.75x ($4,628,500/$597,500)

2. Number of days sales in receivables = 365/Accounts receivable turnover

20Y3 = 43 days (365/8.49)

20y2 = 47.1 days (365/7.75)

4 0

3 years ago

The three commonly used terms to describe levels of service are self-service, limited-service, and full-service.

MAXImum [283]

These three terms should not be interchanged in a Hospitality and Recreation Management Business. These are the meanings of each:
a. self-service - the customer does all the work on his own (i.e. get water, spoon and fork)
b. limited-service - a usual scenario seen in fast-food chains
c. full-service - hotel services and recreational amenities offer this kind of service.

3 0

4 years ago

What is a depository institution?

Maslowich

A depository institution is a financial institution in the United States.

7 0

3 years ago

Hawaiian Specialty Foods purchased equipment for $18,000. Residual value at the end of an estimated four-year service life is ex

FromTheMoon [43]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Purchase price= $18,000

Residual value= $1,800

Useful life= 4 years

The machine operated for 2,300 hours in the first year, and the company expects the machine to operate for a total of 15,000 hours.

To calculate the depreciation expense, we need to use the following formulas:

Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (18,000 - 1,800)/4= $4,050

Double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2* 4,050= $8,100

Activity-based:

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(18,000 - 1,800)/15,000]*2,300

Annual depreciation= $2,484

8 0

3 years ago

1. (20 total points) Suppose the demand for a product is given by QD = 50 – (1/2)P.a) (10 points) Calculate the Price Elasticity

Nataly_w [17]

Answer:

a) PED = 0.5

b) Total revenue is maximized at $50

c) PED is elastic beyond price $50

Explanation:

a) QD = 50 - (1/2)P

Price = $40

When substituted,

QD = 50 - (0.5 x 40)

QD = 30 units

Price elasticity of demand is the responsiveness of quantity demanded to a change in price. It is calculated by dividing the % change in quantity demanded by a % change in price. For this we require the quantity demanded for two different prices.

As an example, at price $30

QD = 50 - 0.5 x 30 = 35 units

Assume that price reduced from $40 to $30

% change in QD = Change in Qd / original Qd x 100

= (30-35)/30 x 100 = - 16.67%

% change in price = Change in price / original price x 100

= (40-30) / 40 x 100 = 33.33%

PED = 16.67 / 33.33 = 0.5

b) A PED that is less than 1 suggests that it is inelastic. This means that the percentage change in quantity demanded is lower than the percentage change in price. When PED is inelastic, firms can maximize its revenue by charging higher prices because a % change in quantity demanded is less than a % change in price.

For example, at price $30 sales would be = $30 x 35 = $1050

At price $40, sales would be = $40 x 30 = $1200

At price $50, sales would be = $50 x 25 = $1250

At price $60, sales would be = $60 x 20 = $1200

The price charged should be $50, since after this, TR starts to gradually decrease.For example, at price $51, sales is $51 x 24.5 = $1249.5

c) PED is price elastic if it is higher than 1. This means that the percentage change in quantity demanded is higher than the percentage change in price. This is common for products that are non-essentials or have a lot of substitutes.

When price changes from $50 to $51, quantity demanded falls from 25 units to 24.5 units.

Hence PED = [(25-24.5)/25] / [(50-51) /50)] = 1

PED is elastic after $50 which also explains why total revenue begins to fall as price increases beyond $50.

7 0

4 years ago