Answer:
Hence,
the amount paid by the Stephanie = $410
The amount covered by PPO = $440
Explanation:
Given:
Percent covered by the insurance = 80%
Annual deductible = $300
Total emergency room bill = $850
Now,
The Coinsurance expenses = Total expenses − Annual deductible
or
The Coinsurance expenses = $850 - $300 = $550
The amount covered by PPO
= Percent covered × Coinsurance expenses
= 0.80 × $550 = $440
Therefore,
the amount paid by the Stephanie
= Annual deductible + (Coinsurance expenses - amount covered by PPO)
= $300 + $550 - $440 = $410
Hence,
the amount paid by the Stephanie = $410
The amount covered by PPO = $440
Product organisation is the grouping of sales and production efforts of a business as per the line of products and services of the business. This kind of organisation is chosen by businesses when they have some different product lines and they require special expertise for marketing and distributing them.
Not Guarantee of accuracy: Accounting recorded all the financial transactions with the past value. ...
Real Value of items: The financial account does not show the real value of assets. ...
Accounting Ignores Qualitative Element: It recorded all the financial transaction which are in the monetary form.
