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2 years ago

Which non-means-tested social welfare program in the united states takes up the largest share of the federal budget?

Business

1 answer:

Phoenix [80]2 years ago

7 0

The biggest and priciest social assistance programmes in America are Social Security and Medicare.

The Social Security Administration launched Medicare, a government-run national health insurance programme, in 1965. The Centers for Medicare and Medicaid Services presently oversees the programme.

The programme assists with the cost of healthcare, although it does not pay for the majority of long-term care costs or all medical expenses. You may choose how you want to sign up for Medicare.

You can purchase a Medicare Supplement Insurance (Medi-gap) policy from a private insurance provider if you decide to enrol in Original Medicare (Part A and Part B) coverage.

To Learn more about Social Security and Medicare, Click The Links.

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8.Kline and Salomon form the KS Partnership as 50/50 partners. Kline contributes equipment that has a fair market value of $60,0

mojhsa [17]

Answer: $40,000

Explanation:

Kline brings in equipment that is worth $60,000 but has a basis of $45,000.

The equipment however is subject to a loan of $10,000.

This loan will have to be deducted from the basis. The partnership however is assuming the loan and Kline is only 50% liable in the partnership so Kline's basis will only be affected by half of the loan.

Basis = 45,000 - 5,000

= $40,000

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3 years ago

Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno

notsponge [240]

After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard

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3 years ago

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I am considering buying a new sports car like a ford mustang. another sports car that would not likely compete head-to-head like

konstantin123 [22]

<span>This is an example of industry competition. Industry competition is a rivalry between companies in the same market who offer similar products or services. These industries compete for potential customer's money and use a variety of means to make sure they are the one a consumer chooses to do business with. They can use advertising to try and attract consumers or offer lower prices, but the most important thing is to provide a good product or service.</span>

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3 years ago

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the time period during which production processes increase volume in order to meet customer demands while coping with quality pr

lutik1710 [3]

The time period during which production processes increase volume in order to meet customer demands while coping with quality problems and last-minute design changes is called ramp-up.

Production is the technique of making or producing goods and products from uncooked substances or components. In different phrases, production takes inputs and uses them to create an output that is in shape for consumption – a good or product that has a fee to a cease-person or purchaser.

Production is the procedure of making, harvesting, or growing something or the quantity of something that becomes made or harvested. An instance of manufacturing is the creation of furniture. An instance of manufacturing is harvesting corn to devour. An instance of manufacturing is the amount of corn produced.

Manufacturing is one of the maximum critical tactics inside production and is a core part of what it means to be a manufacturer. Without this hobby, no finished items might be created, and there might be nothing to promote to clients.

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5 0

1 year ago

Machinery purchased for $64,200 by Sheridan Co. in 2016 was originally estimated to have a life of 8 years with a salvage value

ArbitrLikvidat [17]

Answer:

Sheridan Co.

a. It is not necessary to correct the prior year's depreciation. Depreciation is an accounting estimate and does not require the adjustment of prior year's accounts when there is a correction in its estimates.

b. Entry to record depreciation for 2021:

Debit Depreciation Expense $4,387

Credit Accumulated Depreciation $4,387

To record the depreciation expense for the year.

Explanation:

a) Data and Calculations:

Purchase of machinery in 2016 = $64,200

Original estimated useful life = 8 years

Salvage value = $4,280

Depreciation amount = $59,920 ($64,200 - $4,280)

Depreciation expense per year = $7,490 ($59,920/8)

Accumulated depreciation for 5 years = $37,450

Net book value = $26,750 ($64,200 - $37,450)

Remaining estimated useful life = 5 years

Salvage value = $4,815

New depreciable amount = $21,935 ($26,750 - $4,815)

Depreciation expense per year = $4,387 ($21,935/5)

4 0

3 years ago