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dlinn [17]
3 years ago
9

Suppose you have a health insurance policy with an annual premium of​ $4800, an annual deductible of​ $1000, and copayments of​

$25 for visits to the​ doctor's offices. Suppose you go through the year with no medical bills at all. What is your total cost for the​ year?
Business
1 answer:
Sergeeva-Olga [200]3 years ago
3 0

Answer:

Total cost for the year=$5,800

Explanation:

Finding the total cost of healthcare for a year, we can express this in the form;

Total cost for the year=Annual premium cost+annual deductible+Co-payments

since there were no visits to the doctors office for that year, the co-payments that are to be made per visit=0

Annual premium cost=$4800

Annual deductible cost=$1000

replacing in the expression for total cost;

Total cost for the year=Annual premium cost+annual deductible+Co-payments

Total cost for the year=(4,800+1,000+0)=5,800

Total cost for the year=$5,800

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Answer:

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Explanation:

net income  75,000

Adjustment (A)

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depreciation   1,500

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Change in working capital

↑account receivable   (3,000) (B)

↓long term AR             10,000 (C)

↑Account payable         1,000 (D)

Net changes                               8,000

cash provided by operating activities  84,000

<u>Notes:</u>

(A)

The net income may have non-monetary term, we need to remove those to get and adjusted net income on a cash basis

the gain on land is not a monetary term. We will record the proceeds in cash for the sale under investment activities, not operating as the business is not selling land every year.

depreciation is an accounting metric, is not an actual expense, it doesn't involve cash.

(B)

the increasein the Ar means more sales were not collected therefore, less cash collected.

(C)

the decrease in the long term AR  represent the collection, so it increases the cash

(D)

the increase in account payable represent the delay of payment, so company has more cash available.

7 0
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Answer:

Explanation:

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(Being recording of the carry forward amount is done)

Benefit due to loss carry forward A/c  Dr $259,000      

        To allowance to reduce deferred tax to expected realizable value $259,000      

(Being allowance amount is recorded)

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        To Deferred Tax Asset A/c $101,500  

(Being recording of current tax and deferred tax is done)

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alisha [4.7K]

Answer:

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Answer:

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Answer:

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