Answer:
It can help her pay for an unexpected medical bill.
Im not sure about the second choice.
Explanation:
Even though Lauren may be a healthy person, accidents happen. You never know, you can fall down the staircase and break your leg, etc. So one good reason for her to choose a health insurance plan anyway would be to help her pay for an unexpected medical bill.
Idk what the second option is to be honest, but I think it’s between
It will reduce the cost of health insurance in the future.
OR
It can help her pay for checkups and preventative care.
Again I’m not sure about the second option so think about it carefully.
Answer: The correct answer is B. debit Fees Revenue and credit Unearned Fees Revenue, $3,000
Explanation: As at 1 April 2016, the $12,00 Johnson Bookkeeping received should have been a debit to cash and credit to unearned fees revenue. Since that was a misposting and considering the fact that 9 months had already passed, the firm has to prorate the fees that has been earned by 9/12*$12,000=$9,000 (this stays in fees revenues at (31 December 2016). Remember the fees received is for a 12-month period (1 April 2016 to 31 March 2017). So, we have to report $3,000 ($12,000 minus $9,000) as unearned fees as at 31 December 2016.
However, Johnson Bookeeping would experience a spike in revenue in April 2016 management reporting due to the misposting and subsequently there would a decline, all other things held constant, in revenue. On a normal day, if the posting was accurately done to unearned fees revenue, the firm would amortize over 12 months to fees revenue, that is $1,000 every month.
Answer:
Interest rate, R = 26%.
Explanation:
<u>Given the following data;</u>
Principal = $2,454.00
Simple interest = $3,868.00
Time = 6 years
To find the interest rate?
Mathematically, simple interest is calculated using this formula;
Where;
Substituting into the equation, we have;
Cross-multiplying, we have;
<em>Interest rate, R = 26.27 ≈ 26%</em>
<em>Therefore, the account earned 26% per year. </em>
Answer:
correct option is B. about 30 years
Explanation:
given data
real per capita GDP west = $10,000
annual growth rate = 2.33%
real per capita GDP east = $2,500
annual growth rate = 7%
to find out
How many years will it take for East to catch up GDP of West
solution
we know here that future value is equal to real GDP of west after time will be
future value = real per capita GDP west ×
future value = 10000 × .....1
and
future value = real per capita GDP east ×
future value = 2500 × .....2
compare equation 1 and 2
10000 × = 2500 ×
4 =
t = about 30 years
so correct option is B. about 30 years
Answer:
the number of units that generated net income is 51,429 units
Explanation:
The computation of the number of units that generated net income is shown below:
Here we have to find the break even point i.e. shown below:
= (Net income + fixed cost) ÷ (contribution margin per unit)
= ($80,000 + $100,000) ÷ ($3.50)
= 51,429 units
hence, the number of units that generated net income is 51,429 units and the same is to be considered