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
Answer:
$5,000
Explanation:
Under the accrual accounting method, revenue is recognized and recorded in the books once the recognition criteria is met i.e once the goods or service has been delivered.
Under this system as well expenses are recorded once incurred.
As such, the time of cash payment does not affect the recognition of revenue. When revenue is earned and cash is yet to be paid, the entries required are debit accounts receivable and credit revenue.
On payment of cash, the entries are posted between cash and accounts receivables.
Answer:
Total overhead = = $7,500
so here correct option is E. $7,500
Explanation:
given data
production = 1,000 units
direct labor = ¼ hour @ $24 per hour
variable overhead = 75 % of direct labor
fixed overhead = $3,000
to find out
total amount of overhead
solution
we first find Direct labor that is
Direct labor = ¼ × 24
Direct labor = $6
so
Total overhead will be here
Total overhead = Variable overhead + Fixed overhead .................1
now put here value we get
Total overhead = ($6 × 75% ) × 1,000 + $3,000
so
Total overhead = = $7,500
so here correct option is E. $7,500
Answer:
Explanation:
A product item is a specific version of a product that can be designated as a distinct offering among an organization's products. A product line is a group of closely related products offered by an organization.
