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2 years 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]2 years 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:

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3 years ago

One reason to buy a home instead of rent a home is:

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3 years ago

Read 2 more answers

Assume a certain firm regards the number of workers it employs as variable but regards the size of its factory as fixed. This as

Wittaler [7]

Answer: a. in the short run but not in the long run

Explanation:

The Short Run is usually considered in Economics/ Business as a point in time where at least ONE factor of production is FIXED. This factor is usually the Factory because it is hard to change the capacity of a Factory in the Short run. For instance a wing might need to be constructed. Labour on the other hand is considered variable in the Short run though because more people can be hired and the people already hired can put in more overtime.

The Long Run is classified as a point where EVERY factor of production is Variable. There is enough time to even change the capacity of a Factory. So here even Factory is Variable.

5 0

3 years ago

Suppose that the pre-tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the governmen

charle [14.2K]

Answer:

$1.25

Explanation:

Data provided in the question:

The pre-tax price of gasoline = $1 per gallon

Imposed tax per gallon = $0.50

Now,

The total tax burden on the consumer is $0.50

considering the condition that the consumer tax burden is equal to the producer tax burden

The total tax burden will be divided in equal parts to the consumer and the producer

Thus,

The equal tax burden will be = [ Total tax burden ] ÷ 2

= $0.50 ÷ 2

= $0.25

Hence,

The gross price of gasoline after the tax will be = $1 + $0.25

= $1.25

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4 years ago

Sunland Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs $2

Dmitriy789 [7]

Answer:

See below

Explanation:

Given selling price per unit = $300,000/5,000 units = $60

1. Increase selling price by 10% with no change in total variable costs or sales volume

Selling price = $60 × 1.1 = $66

Sales revenue = $66 × 5,000 units = $330,000

Increase in sales revenue = $330,000 - $300,000 = $30,000

Here, as costs remains the same, Net income will increase as much as the increase as sales revenue which is $30,000

2. Reduce variable cost to 56% of sales

New variable cost = $330,000 × 56% = $184,800

Saving in variable cost = $223,000 - $184,800 = $38,200

Here, as the fixed cost and sales revenue remains the same, net income will increase as much as the saving in variable cost which is $38,200

3. Reduce fixed cost by $18,000

As the variable cost and sales revenue remains the same, net income will increase as much as the savings in fixed cost which is $18,000

3 0

3 years ago