Answer:
1. The expected post-retirement benefit obligation at the end of 2021 is $196,000, the present value of total net costs of providing health care benefits.
2. Calculation of the accumulated post-retirement benefit obligation at the end of 2021 is as below:
APBO = EPBO * Full eligibility period / Attribution period
APBO = $196,000 * 2 / (2+28)
APBO = $196,000 * 2/30
APBO = $13066.66666666667
APBO = $13,066.67
Thus, accumulated post-retirement benefit obligation at the end of 2021 is $13,066.67.
Answer:
True
Explanation:
The finance function is a shared function, it supports almost all the sections in a business enterprise. the role of finance in health cuts across all departments.
In the area of cost containment, the finance unit is the cost leader, it is the unit that lead and drive any cost control measure in an organization and healthcare sector is an exception.
The finance section participates directly and also provides the financial data that helps in negotiating with suppliers and demanding for various kinds of discounts and rebates.
The finance role in Joint venture activities cannot be over emphasized, it is the unit that keeps record of transactions and measure the profit or loss from the venture and advise management on the appropriate course of action.
The budget and budgetary control that drives operation of the heath sector is handled by the finance unit.
Answer:
7,640 units
Explanation:
Calculation for what the equivalent units produced by the department were Using the weighted average method
First step is to calculate the units Completed & transferred out
Completed & transferred out =6,100+1,230
Completed & transferred out=7,330
Second step is to calculate the EGIP
EGIP= (1,240*25%)
EGIP=310
Now let calculate the equivalent units produced by the department
Equivalent units produced=7,330+310
Equivalent units produced=7,640 units
Therefore Using the weighted average method, the equivalent units produced by the department were:7,640 units
The answer for this question is. Sam had to mix equal parts of the two chemicals for the experiment. When we say equal, the same in number or amount. If equitably, dealing fairly or equitably with everyone. If equation, a complicated situation or issue. So the right answer is equal.
Answer:
This is a situation arising from objective impossibility.
Explanation:
The contract was made for mint condition of car. The car damaged while it was with Frank. Thus, parties are thus discharged from their obligations under the contract.
