Many who people enter a nursing home as private-pay patients rapidly deplete their income and assets and thus become poor through a process known as The Spend-Down Process.
When an individual's income is too high to qualify for Medicaid, he or she may use a Medicaid spend down strategy. To be accepted into the program, the individual must spend down some of his or her income to ensure that his or her income is low enough to qualify for Medicaid. You can apply for Medicaid either through your state's Medicaid agency or through the Health Insurance Marketplace.
Individuals frequently must first complete an income or asset spend down in order to qualify for Medicaid. This means that a portion of the individual's income or assets must be spent, typically on health care and medical-related expenses. However, you could spend money on accumulated debt, such as a mortgage, a car, or credit card balances.
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Answer:
Dr Accounts payable-Misner co $150,000
Cr notes payable $150,000
On maturity date:
Dr notes payable $150,000
Dr interest expense $75
Cr cash $150,750
Explanation:
On the date of issuance,the $150,000 being the face value of the note is debited to accounts payable account of Misner Co in the books of accounts of the issuing company and credited to notes payable account
On the date of maturity of the notes,interest of $750 is due($150,000*6%*30/360).
The accounting entries on maturity of the notes payable is to debit the notes payable account with $150,000 as well as the interest expense account with $750 and the total of $150,750 ($150,000+$75) is credited to cash.
Answer:
$2,150
Explanation:
Annual cumulative preferred stock dividend = 2,300 × $100 × 6.5% = $14,950
Cumulative preferred stock dividend carried forward to year 2 = $14,950 - $12,000 = $2,950
Cumulative preferred stock dividend payable in year 2 = $14,950 + $2,950 = $17,900
Cumulative preferred stock dividend carried forward to year 3 = $17,900 - $17,000 = $900
Cumulative preferred stock dividend payable in year 3 = $14,950 + $900 = $15,850
Dividend received by common shareholders during Year 3 = $18,000 - $15,850 = $2,150
Promotion mix
<h2>What is Promotion mix?</h2>
By using the goal rate of return on investment, or what the company anticipates from the venture's investments, the firm sets the price for a product or service. The rate of return pricing helps the business generate the necessary amount of profit to keep its liquidity. The price is set so that if sales continue to grow at the rate they are now, the ultimate objective of creating corporate profit is achieved.
<h3>What is the objective of Promotion mix?</h3>
- To inform potential customers about the features, availability, and applications of items.
- To increase demand, clients' awareness and interest must be raised.
- To set a product apart from rival products by fostering brand loyalty.
- To maintain sales by emphasizing the usefulness of the product.
Promotion has often been the target of criticism. Some opine that “promotion contributes nothing to society”, and for some others “promotion forces consumers to buy products they cannot afford and do not need”, and so on. It may be true that promotion can certainly be criticized on many of its aggressive and compelling factors. But it should also be recognized that it plays a crucial role in modern society, particularly in business, economic and social spheres of influence.
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