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Elza [17]
3 years ago
8

A hospital estimates that, based on past experience, it will incur $5 million in malpractice claims as a result of services rend

ered in the current period. The hospital carries a malpractice insurance policy with a yearly $2 million deductible clause. The amount that should appear on its year-end financial statement as Claims Expense (Loss) should be
a) $0.b) $2 million.c) $3 million.d) $5 million.
Business
1 answer:
Gala2k [10]3 years ago
5 0

Answer:

d) $5 million.

Explanation:

The amount that should appear on the year-end financial statement should be the most probable estimate. In this case, $5 million is the most probable because this is deduced from past experience, while $2 million is a practice that should be reviewed in the light of new information.

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Francie drives into Gage’s Auto Service and asks Hong, a Gage’s employee, to replace a tire on Francie’s car. After Hong replace
marusya05 [52]

Answer:

Executory contract

Explanation:

An executory contract is an agreement between two or more individuals where the obligation of each will be performed at a later date or time. In an executory contract, the promises specified in the agreement are not fulfilled immediately.  A contract is executory if both parties are an agreement, but none of them have fulfilled their obligations.

Francie and Gage were in an executory contract when Gage agreed to change the tire.  Francie did not pay for the service of the spot.  Changing a tire takes some time, and as such, Gage did not perform his obligation instantly. Before each could fulfill their obligations, the contract was executory.

8 0
3 years ago
Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million.
Anarel [89]

Answer:

Ethiopia = $146; Costa Rica = $2,250

Explanation:

The GDP per person, also known as GDP per capita is a very simple formula:

GDP Per Capita = Country's GDP / Country's Population

A) Ethiopia GDP Per Capita = $8,000,000,000 / 55,000,000

                                              = $146

B) Costa Rica GDP Per Capita = $9,000,000,000 / 4,000,000

                                                  = $2,250

4 0
3 years ago
a fast food restaurant is an example of part 2 a. high customization and low degree of labor. b. high customization and high deg
Radda [10]

A fast-food restaurant is an example of a low-degree of labor and low-customization. The correct answer is D.

<h3>What is a fast-food restaurant?</h3>

A fast food restaurant is a type of eatery that offers fast food cuisine and provides minimal table service. Fast food restaurant  sometimes referred to as "quick-service restaurants" or QSR in the industry. Fast food is famous since it is cheap, convenient, and delicious. Fast food may contain refined grains rather than whole grains, cholesterol, saturated fat, and extra sugar. Fast food cuisine may also be rich in sodium or salt, which is used as a preservation agent and enhances the flavor and satisfaction of meals.

Learn More

  • Learn more about the fast food industry now employs some of the most disadvantaged members of American society here brainly.com/question/27732956

#SPJ4

4 0
1 year ago
Pam is in need of cash right now and wants to sell the rights to a $1,000 cash flow that she will receive 5 years from today. If
Virty [35]

Answer:

Fair price =$635.23

Explanation:

<em>Th fair price that he should be willing to pay is the present value of the $1000 expected in 5 years time.</em>

<em>Present value (PV) is the worth today if a future amount is discounted at a particular rate of interest.</em>

PV = FV × (1+r)^(-n)

PV - present value = ?

FV -Future value - 1000,

r- discount rate - 9.5%,

n - future date - 5

PV = 1,000 × (1.0950^(-5)

PV = 1,000 × 0.6352

PV =635.2276653

Fair price =$635.23

8 0
2 years ago
How do you get the profit?
Colt1911 [192]

buy for less money and sell for more money

8 0
3 years ago
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