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kozerog [31]
3 years ago
8

Spending for health care is now estimated to account for ______ percent of the total u.s. economy.

Business
1 answer:
Yakvenalex [24]3 years ago
8 0

The US healthcare amounts to approximately 5.8% of its whole economy in 2015 in recently published statistics. This is because the United States Government funds two thirds of the whole US health care system. The fraction the government pays come from tax expenditures which would approximately amount to $1.9 trillion. With the Affordable Care Act being pushed through, these numbers would rise up further in the year 2024. America is one of the countries that are paying high amounts in terms of healthcare along with countries like Canada and the UK.

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Explanation:

ID is demand for a finished product where as demand is demand for parts

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On June 10, Concord Corporation purchased $8,050 of merchandise on account from Sarasota Company, FOB shipping point, terms 1/10
Kipish [7]

Solution:

The journal entries are as follows in the books of Concord Corporation

On June 10

Merchandise inventory A/c            Dr    $8,050

             To Account payable A/c                            $8,050

(Being the inventory is purchased on account)                

On June 11

Merchandise inventory A/c         Dr     $510

            To Cash A/c                                               $510

(Being freight is paid by cash)

On June 12

Accounts payable A/c                 Dr       $450

   To Merchandise Inventory A/c                            $450

(Being goods returned is recorded)

On June 19

Accounts payable A/c               Dr     $7,600 ($8,050 - $450)

   To Cash A/c                                                          $7,524 ($7,600 × 1%)

   To Merchandise Inventory A/c                               $76

(Being payment is recorded)

3 0
4 years ago
A process produces two types of products A and B. Product A is done in batches of 1000 units. It involves a setup time of 2 hour
aleksley [76]

Answer:

Explanation:

1. Only product A is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 75 seconds

Setup time 2 hours

Batches= 1000 units

Run time to produce one batch of A = 1000*75sec = 75,000 seconds

Setup time = 2 hours = 7200 seconds

Remaining seconds = 144,000 - (75,000+7200) = 61,800 seconds

Product A manufactured in 61,800 sec = 61,800/75 = 824

Total Product A manufactured are = 1824 units

2. Only product B is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 45 seconds  

Setup time= 1 hour

Batches= 500 units

To produce one batch of A = 500*45sec = 22,500 seconds

Setup time = 6 hours = 6*7200 seconds= 43,200sec

Remaining seconds = 144,000-(22,500+43,200) = 78,300 seconds

Product A manufactured in 78300 sec = 1740

Total Product A manufactured are = 500+1740= 2240 units

3. A and B are produced in a mix of 25% A and 75% B?

Considering loss of 3 hours setup time, 37 hours is left to produce

A is manufactured for = 25% of 37 hours = 9.25 hours = 33300 hours

B is manufactured for = 75% of 37 hours = 27.75 hours = 99900 hours

Production of A = 33300/75 sec= 444 units

Production of B = 99900/45 sec= 2220 units

6 0
3 years ago
Read 2 more answers
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OlgaM077 [116]

Answer:

uncertainty                

Explanation:

Uncertainty basically means an occurrence is lacking in assurance or certainty. Uncertainty in accounting refers to the inability to predict outcomes or results, because there is a lack of knowledge or foundations from which to create some assumptions.

The concept is often commonly used by the financial reporting, particularly given that there are many things outside the influence of a business that can significantly affect its activities. Because financial choice taking during times of uncertainty is much harder, many business owners avoid making one to avoid creating issues.

5 0
3 years ago
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