Answer:
a: debit to Insurance Expense for $47
Explanation:
Based on the information given If, on December 31, 2017, the insurance still unexpired amounted to $15, the adjusting entry would contain a:
DEBIT TO INSURANCE EXPENSES FOR $47 calculated as:
Insurance expense=Prepaid Insurance -Unexpired insurance
Insurance expense=$62 -$15
Insurance expense=$47
Therefore the adjusting entry would contain a:
DEBIT TO INSURANCE EXPENSES FOR $47
The call of the fee machine for ambulance offerings supplied to medicare beneficiaries is the inpatient prospective payment system (IPPS).
Underneath Medicare's inpatient potential charge machine (IPPS), financial intermediaries reimburse acute care hospitals a predetermined amount for services supplied to Medicare beneficiaries based on their contamination and its class underneath an analysis-associated group (DRG).
Medicare is to be had to a maximum of people sixty-five years of age and older. Medicare has additionally been prolonged to men and women over age sixty-five who're receiving disability advantages from Social safety or the Railroad Retirement Board, and people having end-level Renal disease (ESRD).
The certified Medicare Beneficiary software provides Medicare insurance of component A and part B premiums and value sharing to low-earnings Medicare beneficiaries. In 2017, 7.7 million humans (a couple out of eight people with Medicare) had been in the QMB software.
Learn more about medicare beneficiaries here: brainly.com/question/24908169
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Answer:
Yes
Explanation:
Cause an increase in price causes increase in goods produced
Answer:
The price of the 1975 golf ball in 2005 is $0.55
Explanation:
In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.
Before we begin to answer, we have been seeing CPI, what could this mean?
The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.
Now, we mathematically propose a solution to the problem as follows;
We identify the following;
CPI in 1975 = 52.3
CPI in 2005 = 191.3
We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;
CPI change between years = CPI IN 1975/ CPI in 2005
= 52.3/191.3
= 0.273
Now, we proceed to calculate the price of the 1975 ball in 2005.
Mathematically;
A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005
= 0.273 * 2
= $0.55
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
