1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elza [17]
4 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]4 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.

You might be interested in
Anwar is a task-motivated leader who is in a high situational control environment. Based on Fiedler's Contingency Model, he is l
ExtremeBDS [4]

Answer: be confident, considerate, and focused on removing obstacles.

be considerate, open to suggestions, and concerned with resolving conflicts.

be directive, serious, and with little concern for others.

Explanation:

The Fiedler Contingency Model was created in mid-1960s by Fred Fiedler. He studied the characteristics and personality of an ideal leader. He was a scientist. An ideal leader understands the leader and member relationships. A leader gains the confidence of the fellow members and maintains a sense of trust. The task structure of the leader is clearly structured to avoid any confusion or obstacle in work. The leader can reward or punish the fellow members with a reason. The instructions from leader should be directional. The leader should maintain a sense of seriousness at work. The leader should be available to resolve conflict among other people at work and must be open to take suggestions.

4 0
3 years ago
In the seven step military problem solving process you have identified the problem. what is the next step?
zhannawk [14.2K]
The next step is Gather information. The objective is to have high caliber, satisfactory choices made in battle and preparing circumstances. The Military Problem Solving Process enables pioneers to confront complex issues in circumstances where data may be restricted. 
While creating conceivable arrangements amid the Military Problem Solving Process, the pioneers will precisely record every conceivable arrangement and compress the Solution in composing and outlines.
4 0
3 years ago
"Inventory at the beginning of the period had a debit balance of $7,000, and a debit balance of $10,000 at the end of the period
fgiga [73]

Answer:

A decrease from net income in the operating cash flow.

Explanation:

If the inventory increases from the last year to the current year, there will be a cash outflow.

Since inventory is a current asset, it will be reported under the operating cash flow of the cash flow statement. According to the cash flow statement, if a current asset increases, it will be deducted from the net income. Therefore, under the cash flow from operating activities, and Inventory amount $3,000 = ($10,000 - 7,000) will be deducted from net income.

8 0
4 years ago
9) what is one downside of using a savings account instead of a checking 1pc
White raven [17]

Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.

<h3>What is meant by checking account?</h3>

Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.

Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.

Thus, option B is correct.

For more details about checking account, click here:

brainly.com/question/22857190

#SPJ1

4 0
2 years ago
Baker is single and earned $225,200 of salary as an employee in 2018. How much should his employer have withheld from his payche
mestny [16]

Answer: $11,453

Explanation:

In 2008:

FICA-Social Security tax was payable at 6.2% of a limit of $128,400.

FICA-Medicare tax was payable at 1.45% of the total amount of $225,200.

Additional Medicare tax was payable on any amount in excess of $200,000 at 0.9%.

= (6.2% * 128,400) + (225,200 * 1.45%) + ( (225,200 - 200,000) * 0.9%))

= $11,453

7 0
3 years ago
Other questions:
  • Pricing Strategy, Sales Variances Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc.,
    15·1 answer
  • Identify each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not
    6·1 answer
  • Spending for health care is now estimated to account for ______ percent of the total u.s. economy.
    8·1 answer
  • When the government changes either its spending or tax policy to pursue economic objectives?
    5·1 answer
  • Navajo Corporation traded a used truck (cost $25,000, accumulated depreciation $22,500) for a small computer worth $4,125. Navaj
    7·1 answer
  • The Department of Commerce in Washington D.C. is developing the macroeconomic report for the nations previous economic quarter.
    12·1 answer
  • The growth of the service economy caused
    8·1 answer
  • 1 5.8 % 2 6.4 % 3 7.1 % 4 7.3 % 5 7.4 % What should the purchase price of a 2-year zero-coupon bond be if it is purchased at the
    12·1 answer
  • Could you help with the question, please?
    14·1 answer
  • Charise is considering how much to charge for her small business’s products. Charise is involved in
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!