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3 years ago

Which type of third party plan covers prescriptions for anyone eligible for medicare benefits, including senior citizens?

1 answer:

Citrus2011 [14]3 years ago

7 0

The third party plan that covers prescriptions for those eligible for medicare is usually an insurance plan that has extended health so that after paying a small deductible like $25 then the medicine costs will be reimbursed at the rate of say 80% of their costs.

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Drag the Low risk and High risk project points so their expected rates of return are 9% and 11%, respectively. If you could choo

valkas [14]

Answer:

a. Project Low because its expected rate of return is higher than its WACC

Explanation:

Weighted Average Cost of Capital WACC determines firms cost of capital. It includes all sources of finance which are included in firm capital structure. The expected rate of return is the rate at which a project is able to generate return or benefits. For any project to be beneficial, its expected return should be higher than its WACC. We will select project Low because its expected rate of return is higher than its WACC.

6 0

3 years ago

According to the following table, which of these factors affects your credit

Ludmilka [50]

Answer: New credit

Explanation:

8 0

3 years ago

Consulting immediately paid $500 cash for utilities for the current month. Given the choices below, determine the general journa

Andru [333]

Answer:

a. Utilities Expense 500

Cash 500

Explanation:

Given: Consulting immediately paid $500 cash for utilities.

As $500 cash been paid for utility expenses.

We know the golden rule of accounting transaction:

Personal accounts: Debit the receiver, credit the giver.
Impersonal real account: Debit what comes in, credit what goes out.
Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.

Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.

Therefore, Debit all expense and losses and credit what goes out of business.

Journal Entry of the transaction:

Debit utility expenses account--- $500

Credit cash account--- $500

5 0

4 years ago

On January 1, year 1, Dave received 1,000 shares of restricted stock from his employer, RRK Corporation. On that date, the stock

butalik [34]

Answer:

Taxes on January 1, year 1= $1400

Taxes on Dec 31, year 4=$3300

Explanation:

The question relates to 'EQUITY GRANT', which is some sort of compensation given to somebody, especially/specifically to employees of an entity provided that certain conditions/vesting requirements are satisfied by the employee.

Now on January 1, year 1 Dave has received 1000 shares, for him the shares received is treated is income for Dave, as the shares are being offered against certain services rendered by Dave to RRK corporation. So on January 1 Dave would record income and pay income tax as follows:

Value of shares on Jan 1/ income= 1000×$7

Value of shares on Jan 1/ income= $7000

<em>Lets assume income tax is 20% and marginal tax rate is 10%,</em> the tax consequences would be as follows:

TAXES = $7000×20%

TAXES = $1400

There will be no tax consequences at the vesting date and at the end of year 4 (the date when he sells them) there will be tax consequences of $4000.

At year 4 = 1000×$40

Amount realized= $40000 -$7000

Taxes at marginal rate= $33000×10%

Taxes at marginal rate= $3300

(Note: $7000 is subtracted because it's already present in $40000).

8 0

3 years ago

A landowner in fee simple signed a promissory note for $10,000 to a bank, and secured the note by a mortgage of her land to the

iren [92.7K]

Answer:

D) Both the landowner and the attorney.

Explanation:

The bank will succeed in obtaining a judgement against both the former landowner and the attorney. The bank can sue either of them or both of them, but it can only collect the $5,000 once.

When the attorney assumed the mortgage, he expressly promised to pay it. The lender becomes a third party beneficiary of the attorney's promise to pay and can sue him if the mortgage isn't paid.
The former landowner became secondarily liable to the lender in case the attorney didn't pay.

7 0

4 years ago