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iVinArrow [24]
3 years ago
8

Constantinos has a health insurance policy with a $1,000 deductible and 5% co-pay on the next $10,000. Which of the following ac

tions would most likely decrease her premium?
A. Decreasing the co-pay to 2%
B. Increasing the co-pay to 10%
C. Decreasing the deductible to $500
D. Eliminating all of the co-pays
Business
1 answer:
cestrela7 [59]3 years ago
7 0
B. Increasing the co-pay to 10%
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As of December 31, 2018, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During
tatyana61 [14]

Given:

Total cash = $160,000

Notes payable = $86,000

Common stock = $52,800

Find:

Retained earnings as on December 31, 2018

Computation for retained earning:

According to Accounting Equation:

Assets = Liabilities + Stock holder equity

Total Cash = Notes payable + Common stock + Retained earning

$160,000 = $86,000 + $52,800 + Retained earning

$160,000 = $138,800 + Retained earning

Retained earning = $160,000 - $138,800

Retained earning = $21,200

6 0
3 years ago
When is the acquisition of personal debt economically wise?
-Dominant- [34]
The time when it's smrt for a person to acquire personal debt; or nott rather smart but a viable way of increasing useful capital, would be when one is investing in himself. An example of this would be education for example, where students take out student loans to continue university education.
3 0
4 years ago
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What economic system interferes most with the law of supply and demand?
Roman55 [17]
Market economy and free enterprise
4 0
3 years ago
Chuck has AGI of $71,600 and has made the following payments
kodGreya [7K]

Answer: $4,690

Explanation:

From the above, Chuck can include the following with his itemized deductions,

County Real Estate Tax,

School District Tax on Realty,

State Income Tax estimated Payments and

State income tax withholding.

Calculating the above,

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the amount of taxes that Chuck can include with his itemized deductions is $4,690.

7 0
3 years ago
Lewis Brown bought four lots of land for $100,000. On the date of purchase, the lots had the following fair market values:Lot #1
morpeh [17]

Answer:

Basis of Lewis of Lot #3 = $16,500

Explanation:

Total of all the lots = $25,000 + $31,250 + $20,625 + $48,125 = $125,000

Since the land is purchased for $100,000

The basis for each dollar = $100,000/$125,000 = $0.8 for each dollar

Thus for Lot #3 basis = $0.8 X $20,625 = $16,500

Note: The basis is calculated so that directly the lot value is not considered as the total cost is only 80% of total lot value.

Basis of Lewis of Lot #3 = $16,500

3 0
3 years ago
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