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2 years ago

There are two types of copayment requirements that may apply to a state, they are?

Business

1 answer:

Nataly_w [17]2 years ago

5 0

They are small fixed copayments or spend-down copayments.

A state may mandate either a small fixed copayment or a copayment that decreases over time.

The cost of approved therapies is split between the insurance plan and the patient through the use of copayments, which are predetermined cash amounts set by the insurance plan. The cost-sharing arrangement of each plan is a significant selling point.

Cost sharing essentially comes in three flavors.

Copayment: There is a defined price for particular kinds of office visits, prescription drugs, or other services.

Coinsurance is the term for a percentage of the overall cost of a covered medical procedure.

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Pick some number between $500 and $1500 and assume that the MPC for that state is 0.75. Estimate the total impact on the economy

lana66690 [7]

Answer:

$750

Explanation:

If I pick $1,000, and the Marginal Propensity to Consume (MPC) is 0.75, it means that while travelling the state, I will have spent $750 on goods and services either produced and traded in that state, or only traded in that state (while having been produced in other place). This is the total impact that I will have made on the economy of this state.

The remaining $250 that I will have saved will only impact the economy of the state if I deposit or invest the money in a financial institution located in the state. If instead, I invest those saving in some other state, or put the money under the mattress in my house (located in another state), my savings will not impact the economy of the state in any way whatsoever.

5 0

3 years ago

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted.

zhuklara [117]

Answer:

Jansen Company

Departmental Income Statement—Ski Department

For Year Ended 2019

Sales 610,000

Less : Cost of goods sold 435,000

Gross profit 175,000

Less; Expenses

Salaries 113,000

Utilities 15,600

Depreciation 54,400

Office expenses 29,600 212,600

Operating loss $37,600

Jansen Company

Departmental Income Statement—Ski Department

For Year Ended 2019

Sales 610,000

Less : Cost of goods sold 435,000

Gross profit 175,000

Less; Direct Expenses

Salaries 88,000 (113,000 - 25,000)

Utilities 9,900 (15,600 - 5,700)

Depreciation 37,000 (54,400 - 17,400)

Total Direct Expenses 134,900

Contribution to overhead $40,100

They should not eliminate the Ski Department because it would contribute $40,100 to overhead.

4 0

4 years ago

The invention of the _____ is what distinguished modern restaurants from predecessor food service operations.

Levart [38]

The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.

<h3>What is meant by food service operations?</h3>

An establishment that serves meals designed to be served in individual quantities for a fee or a mandated donation is known as a food service operation. Restaurants, nursing homes, hospitals, prisons, coffee shops, and candy stores are a few examples of FSO.

Controlling food expenditures is essential for a successful restaurant, which is why food service management is so important. FSMs assist firms in remaining profitable by training staff on serving and preparation standards, maintaining a careful inventory of stock, and identifying various sources for the most affordable ingredients.

The earliest signs of the food service sector date around 3000 BC during the Sumerian era. The majority of the time, temples and palaces served food. They hired chefs, who prepared meals for the aristocracy and visitors.

The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.

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5 0

2 years ago

2. Why is the finance department of a company important? (1-2 sentences. 2.0 points) 3. Why is the marketing department of a com

snow_tiger [21]

2. The finance department is important in one company because it covers a wide range of activities from basic bookkeeping to providing financial information essential to the company's survival. Its role is to balance profit with cost also.

3. The marketing department plays a vital role in a company in representing the company's image and brand. They are the ones reaching out to customers, prospects, and investors.

4. The customer service department's task is to keep the customers that the marketing department brought in satisfied. They handle problems, issues, queries that a customer may have, and the services they offer is extremely important for a company in a long-run.

5. In forming a new company, you will need to have workers and staffs in the marketing and finance department. Since a baby company will usually have a hard time entering a market, a skilled marketing staff is needed to market their products and services. To balance the cost of marketing and advertising also, you will need a proficient finance staff. With these two departments, you can slowly grow your company little by little.

6. Apple is an example of a very successful company in their chosen line of business. They offer great customer service and in-store experiences. They stay two years ahead of their competitors. They produce easy to use products which is, of course, a benefit to the customers.

7. Top three reasons for the failure of a business: mismanagement - without proper planning or standards to follow a company would be in a chaos; poor accounting or financial decision making - money is what makes a business run, having inadequate knowledge in this area will seriously affect the business; location - is the location of the business convenient for customers? Your business can be great but the location also influences a company's success.

8. An example of an employee facing a conflict of interest is when he uses his position or involvement in that company for his own personal gain. To deal with this situation, a mediator or someone of higher rank can guide or supervise. Talking it out might help but to assure that such situation won't happen again, there must be sanctions or penalties imposed to the involved employee.

3 0

4 years ago

Based on the influence chart below, the decision variable(s) for this model a. Price and elasticity b. Price and fixed cost c. P

Troyanec [42]

Price is the decision variable in the given model.

Answer: Option C.

Explanation:

For a model which is related to the field of commerce and affects a particular organisation or a firm, for that price is the most important factors. Because fixing the price at a particular level will help the firm earn profits and maintain position in the market.

Price is the cost of the product which is available to the customers in the market. The consumers have to pay that price to get a particular quantity of that particular product.

7 0

3 years ago