The journal entries to record the January billings of the hospital are as follows:
Debit Accounts Receivable $1,700,000
Debit Finance Charge $300,000
Credit Service Revenue $2,000,000
- To record the services provided.
Data Analysis:
Accounts Receivable $1,700,000 ($2,000,000 x 85%) Finance Charge $300,000 Service Revenue $2,000,000
Thus, the hospital will split the billing for January into two: the <em>amount it will receive</em> and the finance charge for using the third-party payer.
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Answer:
The period of payback of the project is 2.30 years. Therefore, the correct answer is C
Explanation:
We will computing the Cumulative Cash Flow from Year 0 to Year 3
Cumulative Cash Flow Year 0 = Cash Flow of Year 0
= -$1,150
Cumulative Cash Flow of Year 1 = Cash Flow of Year 1 + Cash Flow of Year 0
= $500 + (-$1,150)
= -$650
Cumulative Cash Flow of Year 2 = Cash Flow of Year 2 + Cumulative Cash Flow Cash Flow of Year 1
= $500 + (-$650)
= -$150
Cumulative Cash Flow of Year 3 = Cash Flow of Year 3 + Cumulative Cash Flow Cash Flow of Year 2
= $500 + (-$150)
= $350
Now, Computing the Pay back period with the formula:
Pay back period = 2 + (Cumulative Cash Flow of year 2 / Cash flow of year 3)
= 2 + (-$150/ $500)
= 2 + 0.3
= 2.3 years
Answer:
The answer is: The variable maintenance cost is $0.21 per machine hour
Explanation:
To find the variable maintenance cost per machine hour we must divide the total amount spent in maintenance costs by the total amount of production hours.
Since both production hours and maintenance cost vary so much, we must high-low method:
variable maintenance cost = (highest maintenance cost - lowest maintenance cost) / (highest machine hours - lowest machine hours) =
= ($10,500 - $8,600) / (23,000 - 14,000) = $0.21 per machine hour
Answer:
The correct administrative remedy against such a contractor is to have them suspended.
Explanation:
The role of a technical evaluator is sensitive as it means that he or she would be privy to almost if not all information that has to do with the contract.
In the information provided, the technical evaluator's husband was offered a job at a company competing or bidding for a multi-million dollar contract she was also evaluating.
Their husband didn't ask for the job. They offered it so that they might gain information to their advantage.
The action of this contractor can be classified as fraudulent. One of the administrative actions that can be taken against such is to have them suspended with a threat to have their license permanently revoked if they should make a similar attempt again.
Cheers
Answer:
Is the proposed action legal?
Explanation:
The very first step in the decision tree (below) was ignored. Disregarding local laws is ignoring the question of legality.
