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3 years ago

7

Barbara allows her comprehensive major medical plan to lapse. If her policy is reinstated on March 20th and she contracts mononu

cleosis on March 29th, what benefits will she receive?

1 answer:

Nookie1986 [14]3 years ago

6 0

69 bensnjsjsmajamsjnsjsnsnsnsnsnsnsnsnsnsnsn

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On October 1st, a company borrowed $60,000 from Eighth National Bank on a 1-year, 7% note. If the company's fiscal year ends on

ExtremeBDS [4]

Answer:

Interest payable $1,050

Explanation:

Based on the information given F the company's fiscal year ends on December 31st, Hillsmith should make a year-end adjusting entry to increase: INTEREST PAYABLE $1,050

Interest payable $1,050

(7%*60,000*3/12)

(October 1st December 31st=3 months)

8 0

3 years ago

Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a

Agata [3.3K]

Answer:

May-31

Dr Fees earned $243,000

Retained earnings $33,500

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

Explanation:

Preparation to Journalize the closing entries required to close the accounts.

May-31

Dr Fees earned $243,000

Retained earnings $33,500

($213,300+$12,400+$50,800-$243,000)

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

(To close the Expenses )

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

(To close the dividends )

5 0

3 years ago

Use the following information to answer Questions 12 - 15. Below is selected data for Gertup Corporation as of 12/31/05: Gertup

alukav5142 [94]

Answer:

the cash that should be freed up is $267

Explanation:

The computation of the cash that would be freed up is shown below:

As we know that

The inventory turnover is

= Cost of goods sold ÷ average inventory

12 = $14,800 ÷ average inventory

So, the average inventory is 1,233

Now the cash that should be freed up is

= 1,500 - 1,233

= $267

hence, the cash that should be freed up is $267

4 0

3 years ago

Bud exchanges land with an adjusted basis of $22,000 and a fair market value of $30,000 for another parcel of land with a fair m

DanielleElmas [232]

Answer:

The recognized gain or loss of Bud is $2,000

Explanation:

The aggregate market value is computed as:

Aggregate market value = Fair market value + Cash

= $28,000 + $2,000

= $30,000

The recognized loss or gain of Bud is computed as:

Recognized gain or loss = Aggregate market value - Fair market value

= $30,000 - $28,000

= $2,000

So, it is a gain of $2,000

4 0

3 years ago

Can you explain how I can get the surplus?

notsponge [240]

Answer:

The answer is "6".

Explanation:

Using formula:

$\text{Producer surplus= Actual Price- Minimum Acceptable Price}\\\\$

$=13-7\\\\=6$

8 0

3 years ago