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katrin [286]
3 years ago
11

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her men

tal condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.
Business
1 answer:
Colt1911 [192]3 years ago
4 0
Yes and as a parent of someone who has some mental health problems I definitely think that her complaints should be dealt with by arbitration because mistreatment and malpractice is common in mental health facilities. I have known of cases whereby a patient is kept in solitary confinement with only a bed and a toilet and a small window in the door, locked in for up to two weeks and this definitely can be considered mistreatment. I definitely believe that the arbitration in such a facility should not just be covered by a narrow commercial definition.
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Sholpan [36]

Answer:

The inflation rate is different using the two methods as the rate of inflation calculated by the CPI holds basket of goods and services constant while the GDP deflator allows it to change.

Explanation:

i. Value of market basket of the good in 2020 = ($50*2) + ($5*6) = $130  

Value of market basket of the good in 2021 = ($70*2) + ($6*6) = $176

CPI in 2020 = ($130 / $130) * 100 = 100

CPI in 2021 = ($176 / $130) * 100 = 135.38  

Thus, The percentage change in overall price level is = [(135.38 - 100) / 100) * 100 = 35.38%

ii. Nominal GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300

Nominal GDP in 2021 = ($70 * 21) + ($6 * 80) = $1950

Real GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300

Real GDP in 2021 = ($50 * 21) + ($5 * 80) = $1450

GDP deflator in 2020 = (Nominal GDP in 2107 / Nominal GDP in 2107) * 100 = ($1300 / $1300) * 100 = 100

GDP deflator in 2021 = (Nominal GDP in 2108 / Nominal GDP in 2108) * 100 = ($1950 / $1450) * 100 = 134.48

Thus, the percentage change in overall price level is = [(134.48 - 100) / 100) * 100 = 34.48%

5 0
3 years ago
Philip Morris has issued bonds that pay semiannually with the following characteristics:
topjm [15]

Answer:

a)  ≈  9.6 years

b)   Modified duration is a better measure because Modified duration consider the concept of negative convexity

c) i) coupon of bond = 4%

  Modified duration will increase since the coupon rate of payment decreased

ii) Maturity of bond = 7

 Modified duration will decline as Maturity period has declined to 7 years

Explanation:

A) Calculate modified duration using the preceding information

modified duration = Macaulay duration / ( 1 + (yield to maturity / 2 ))

                             = 10 / ( 1 + ( 0.08 / 2 ))

                             = 9.615 years

B) Modified duration is a better measure because Modified duration consider the concept of negative convexity while Macaulay methods shows the inverse relationship between the duration of the bond and coupon payment .

<u>C) Determine Direction of change in modified duration if </u>

i) coupon of bond = 4%

  Modified duration will increase since the coupon rate of payment decreased

ii) Maturity of bond = 7

 Modified duration will decline as Maturity period has declined to 7 years

5 0
3 years ago
On January 1, Year 1, Stratton Company borrowed $300,000 on a 10-year, 6% installment note payable. The terms of the note requir
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Answer:

debit interest expense of $16,634 , debit note payable $24,126 : Credit cash $40,760

Explanation:

Please attachment.

6 0
3 years ago
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today announc
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Answer:

       

Explanation:

The journal entries are shown below:  

1. Retained earning A/c Dr $1,598  (9,400 million shares × $0.17 per share)

     To Dividend payable A/c $1,598

(Being cash dividend declared)  

2. Dividend payable  A/c Dr $1,598 (9,400 million shares × $0.17 per share)

         To Cash A/c $1,598

(Being dividend is paid)

3 0
3 years ago
A system of values and beliefs in an organization that reinforces the idea that providing the customer with quality service is t
Paraphin [41]

Answer:

Service culture

Explanation:

Service culture can simply be defined to be an organizational culture in which employees collectively think or work towards providing quality service whhich is the main aim of the business.

Cheers

8 0
4 years ago
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