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vitfil [10]
1 year ago
7

True or false? the patient should be given a receipt for payments on account even if the account is not paid in full.

Business
1 answer:
Kruka [31]1 year ago
8 0

The statement is True.

<h3>What does receipt mean?</h3>

  • Receipts are formal records that serve as evidence of a transaction or purchase involving money. Both stock market transactions and business-to-business exchanges issue receipts. As evidence of some expenses, receipts are also required for tax purposes.
  • A payment receipt, also known as a receipt for payment, is a record that serves as evidence of purchase. It is supplied by a company to its clients following the receipt of payment for any good or service.
  • The patient's receipt can assist you to understand this. You have a right to the patient's receipt under the law. This implies that if you request it, your doctor is required to give it to you. Its contents must be clearly explained and understandable to laypeople.

The patient should be given a receipt for payments on account even if the account is not paid in full.

The statement is True.

To learn more about the receipt, refer to:

https://brainly.in/question/39020164

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7 0
3 years ago
Adam borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the actual end-of
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Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r)^(-n))÷r]
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R interest rate 0.12
N 4 equal annual installments
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
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Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? Wh
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3 years ago
The gross pay, benefits and job expenses for two different employees are shown below. Employee A: gross pay $57,200, employee be
Lemur [1.5K]

Answer:

a. The total employment compensations for the two employees are the same

Explanation:

Employee compensation refers to payment made to employees by an organization in consideration for the services rendered.

Employee compensation can be in cash form such as salary and wages, perquisites, allowances, incentives, commission, etc.

In the given case,

<u>Compensation for Employee A</u>:

= Gross Pay + Employee benefits - Job expenses

= $57200 + 5300 - 800

=  $ 61,700    

Similarly,

Compensation for Employee B:

= Gross Pay + Employee benefits - Job expenses

= $56,900 + $6200 - $ 1400

= $61,700

Thus, employment compensation for both A and B are the same.

4 0
3 years ago
The net present value of a project is ______. the present value of the project’s projected annual tax savings the present value
d1i1m1o1n [39]

Answer:

Used in determining whether or not a project is an acceptable capital investment

The difference between the present value of cash inflow and cash outflow of a project

Explanation:

Net present value of a project is an investment appraisal tool that is used in determining the value of all future cash flow that will be generated by a project in order to know the project with maximum profit even right from the onset.

The is done by discounting the present and the future cash flow to the present value and the differences highlighted.

One of the key purpose of the net present value of projects is that it points out whether a project will be an acceptable capital investment or not. When the net present value of cash inflow is greater than the cash outflow, it is indicates a profitable project and vice versa.

8 0
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