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1 year ago

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.

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Answer:

OPTION C i.e 11%

Option A i.e 30.55 year

Explanation:

we know that capital can be calculated as

$Capital = EMI \times PVIFA$

$capital = EMI \times \frac{(1+r))^n -1}{r (1+r)^n}$

from the data given in question we can calculate the value of r

$5890.2 = 1250 \times \frac{(1+r))^7 -1}{r (1+r)^7}$

$4.7122 = \frac{(1+r))^7 -1}{r (1+r)^7}$

solving for r we get

r = 11%

option C

we know that

$Total\ saving = cash flow \times FVIFA$

$= Cash\ flow \times \frac{(1+r)^n -1}{r}$

from the data given we can evealueate the value of n

$8,452,622 = 40,000 \times \frac{(1.11)^n -1}{0.11}$

$\frac{8452622}{40000}\times 0.11 = (1.11)^n -1$

solving for n we get

n = 30.55 year.

Option A

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3 years ago

Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of two units of good X is 74 uti

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