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3 years ago

True or False? The United States does not have publicly financed health insurance specifically for the unemployed.

Business

1 answer:

iren [92.7K]3 years ago

3 0

Answer:

True

Explanation:

The United States has no single nationwide system of health insurance.

In the event that an employed worker's spouse loses his/her job to lay-off, the insurance premium financed by the active worker for this family coverage should provide basic health benefits to unemployed workers and their dependents because government does not provide for such category of active group except for senior citizens.

Health insurance is purchased in the private marketplace or provided by the government to certain groups. Private health insurance can be purchased from various organizations such as profit commercial insurance companies or from non – profit insurers.

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Current operating income for Bay Area Cycles Co. is $74,000. Selling price per unit is $120, the contribution margin ratio is 30

NeX [460]

Answer:

1. 6,944 units and $833,333.33

2. $1,080,000 and 22.83%

Explanation:

The computations are shown below:

1. Break-even point in units

= (Fixed expenses ) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit × contribution margin ratio

= $250,000 ÷ $36

= 6,944 units

Break-even point in sales

= (Fixed expenses ) ÷ (Contribution margin ratio)

= $250,000 ÷ 30%

= $833,333.33

2. For margin of safety and margin of safety ratio:

Margin of safety = Expected sales - break even sales

where,

Expected sales = (Operating income + fixed expense) ÷ (contribution margin ratio)

= ($74,000 + $250,000)

= ($324,000) ÷ (30%)

= $1,080,000

So, the margin of safety would be

= $1,080,000 - $833,333.33

= $246,667

Margin of safety ratio = Margin of safety ÷ total sales

= $246,667 ÷ $1,080,000

= 22.83%

3 0

3 years ago

A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of

snow_lady [41]

Answer:

Ending retained earning will be $433750

Explanation:

We have given beginning balance = $430000

Net income = $60000

Dividend paid = $56250

We have to find the ending balance

We know that ending retained earning is given by

Ending retained earning = beginning retained earning + net income - dividend paid

So Ending retained earning = $430000+$60000-$56250 = $433750

6 0

4 years ago

ou open a business selling art supplies and lessons. In your first month, you had the following total sales: $4,000 in paint, $2

never [62]

8,400 is your answer all you have to do is add the 4 sales and subtract the discounts and the returns

8 0

3 years ago

Read 2 more answers

A family you are working with speaks English, but their native language is Korean and they have stated that it is much easier fo

ch4aika [34]

Answer:

informed consent

Explanation:

Based on the information provided, this is a violation of informed consent. This is because informed consent can only be granted when the individual signing the consent forms COMPLETELY understands and accepts the information presented in the forms. In this scenario, the family may speak English but since their native language is Korean and the consent forms are not offered in Korean there is a large possibility that some of the information may not be fully understood by the family. Thus they are not fully informed when signing.

7 0

3 years ago

You have eaten two bowls of ice cream at sundae school ice cream store. you consider eating a third. as a rational consumer you

Karo-lina-s [1.5K]

The benefits from eating one more bowl of ice cream to how much one more bowl of ice cream costs.

4 0

3 years ago