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2 years ago

If a firm has 50 employees at the point it applies for health coverage, what is its classification?

Business

1 answer:

MAXImum [283]2 years ago

5 0

If a firm has 50 employees at the point it applies for health coverage, it classifies as a small employer.

To be eligible for small business medical health insurance, an agency has to have between one and 50 employees. This is taken into consideration as a small commercial enterprise for purposes of purchasing organization medical health insurance. When you have extra than 50 employees, you will need to: observe for huge group insurance

Under the ACA, employers with 50 or greater full-time employees (or the equal in element-time personnel) ought to offer health insurance to 95% of their complete-time personnel or pay a penalty to the IRS. This penalty is pretty hefty—$3,860 in step with the worker in line with the year (in 2020).

The Affordable Care Act (ACA) is a comprehensive reform law, enacted in 2010, that will increase medical health insurance coverage for the uninsured and implements reforms to the medical health insurance market. This consists of many provisions which are constant with AMA coverage and holds the capacity for a higher health care system.

Learn more about the Affordable Care Act here brainly.com/question/26495011

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A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 72000 units on hand, t

Lyrx [107]

Answer:

"The budgeted cost of goods sold" for June would be $5,640,000

Explanation:

Sales department budget for June = 220,000 units

Less-Opening balance as on 1st June = 72,000 units

Add-Closing balance as on 30th June = 40,000 units

No of unit manufactured = Sales department budget for June - Opening balance as on 1st June + Closing balance as on 30th June

= 220,000 - 72,000 + 40,000

= 188,000 units

Cost per unit = $30

Budgeted cost of manufactured = 188,000 × $30 = $5,640,000

4 0

3 years ago

If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of pr

FrozenT [24]

Answer:

4 million houses

Explanation:

Opportunity cost is the forfeited benefit as a result of choosing one option over others. Its value equals the cost of the next best alternative.

The cost of constructing a new home is $150,000. If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.

To calculate the number of units= $600 billion divided by $150,000

= $600,000,000,000/ $150,000

=4,000,000

=4 million units

6 0

4 years ago

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a

kenny6666 [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Schell has a total of $39,060 in overhead.

Direct labor hours:

Standard= 400

Deluxe= 200

Machine hours:

Standard= 4,150

Deluxe= 3,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

1) Direct labor hours as allocation rate

Estimated manufacturing overhead rate= 39,060/600= $65.1 per direct labor hour

Now, we can allocate to each product line:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 65.1*400= $26,040

Deluxe= 65.1*200= $13,020

2) Machine hour as allocation rate:

Estimated manufacturing overhead rate= 39,060/7,150= $5.46 per machine hour

Now, we can allocate to each product line:

Standard= 5.46* 4,150= $22,659

Deluxe= 5.46*3,000= $16,380

7 0

3 years ago

All of the following are organization-directed benefits associated with offering unconditional guarantees except: a. the guarant

kotykmax [81]

Answer:

All of the following are organization-directed benefits associated with offering unconditional guarantees except:

a. the guarantee provides a means to avoid bankruptcy.

Explanation:

Providing or offering customers unconditional guarantees does not help the company to avoid bankruptcy. Bankruptcy arises from inadequate financing resulting from overtrading. Importantly, offering guarantees to customers communicates a clear performance goal to employees to improve service delivery to customers.

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3 years ago

Consumers are willing to pay more for a product if

love history [14]

I think it should be A

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4 years ago