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3 years ago

7

A hospital incurs $10 million of cost to treat Medicaid patients and receives $7 million in payment. Actual charges for these Me

dicaid patients were $20 million. The net community benefit expense that would be reported in Schedule H of IRS Form 990 would be?

1 answer:

Snowcat [4.5K]3 years ago

6 0

<span>It would be: $3 million ($10 million in cost less $7 million in payment)</span>

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according to adam smith, the process that turns self-directed gain into social and economic benefits for all is the

Semmy [17]

Answer:invisible hands

Explanation:

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2 years ago

Jeff and Rob have a difficult time getting along at work. Most days, Jeff spends a lot of time cracking jokes and goofing off, w

Over [174]

Answer:

D.

Explanation:

In this scenario when Rob stops nagging Jeff he is implementing the behavior modification known as avoidance learning. This technique theorizes that and individual tends to remove themselves from a scenario in order to avoid certain bad or stress inducing situation. Which Rob does in order to avoid having to deal with Jeff being cracking jokes and goofing off later.

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3 years ago

Read 2 more answers

A static budget shows planned results at the original budgeted activity level. should not be prepared in a company. is useful in

stira [4]

Answer:

The answer about A static budget would be

Explanation:

A static budget is a type of budget that incorporates anticipated values on inputs and products that are conceived before the period in question begins. When compared to the actual results that are received after the fact, the static budget figures are often very different from the actual results.

The static budget is intended to be fixed and unchanged throughout the period, regardless of fluctuations that may affect the results.

For example, under a static budget a company would establish an anticipated expense, say $ 30,000 for a marketing campaign, for the duration of the period. It is then up to the managers to adhere to that budget, regardless of how the cost of generating that campaign really stays during the period.

This type of budgeting is limited by the ability of an organization to accurately forecast what its needs are, how much it will spend to meet them and what its operating income will be during the period. Static budgets can be more effective for organizations that have highly predictable sales and costs, and for shorter periods of time.

For example, if a company sees the same costs in materials, profits, labor, advertising and production month after month to maintain its operations and there is no expectation of change, a static budget may be adequate for its needs.

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2 years ago

Sampson Industries has an annual plant capacity of 70,000 units; current production is 59,000 units per year. At the current pr

Artyom0805 [142]

Answer:

Sampson Industries

1. How would accepting the special order impact Sampson's operating income?

The acceptance of the special order will decrease Sampson's operating income by $42,000.

2. Should Sampson accept the special order?

No. Sampson should not accept the special order. It does not make any contribution in reducing the fixed costs. Instead, it decreases the net income. Special orders should be accepted when they add to the contribution in defraying the fixed costs, even if they do not add to the net income.

Explanation:

a) Data and Calculations:

Annual plant capacity = 70,000 units

Current production = 59,000

Variable cost per unit = $26.00

Fixed cost per unit = $4.80

Normal Selling price per unit = $41

Special order = 70,000

Price of special order = $20

Incremental Analysis of Special Sales Order Decision

Total Order (7,000 units)

Revenue from special order $140,000

Less expenses associated with the order:

Less: Variable manufacturing cost 182,000

Contribution margin $(42,000)

Less: Additional fixed expenses associated with the order –

Increase (decrease) in operating income from the special order ($42,000)

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3 years ago

Which of the following accounting concepts states that an accounting transaction should be supported by sufficient evidence to a

pshichka [43]

Answer:

The correct answer is the option C: Verifiability.

Explanation:

To begin with, the accounting concept of <em>"Verifiability"</em> indicates that the accounts of a company are verifiable in the cases when those accounts are reproducible so that indicates that given the same data and assumpitions it is understandable that an independent accountant can produce the same result the company actually did. Therefore that the verifiability is the concept that states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified accountants to arrive at similar measures as it said before.

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3 years ago