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mars1129 [50]
2 years ago
8

In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense?

Business
1 answer:
solong [7]2 years ago
7 0
You have no insurance.
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The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992
mezya [45]

Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $101,998 ÷ 67,992 hours

= $1.50

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 70,000 hours × $1.50

= $105,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $106,000 - $105,000

= $1,000 under-applied

8 0
3 years ago
Suppose that a lumberyard has a supply of 10-ft boards, which are cut into 3-ft, 4-ft, and 5-ft boards according to customer dem
Alja [10]

Answer :

Some answers are attached below

Explanation:

a) Based on the information provided, below are the all possible sensible patterns the lumberyard may use to cut the 10-ft boards -

Pattern Number 3-ft boards 4-ft boards 5-ft boards Waste (<3-ft)

1                      3                   0                     0                       1                                                                        

2                                2                 1                          0                      0

3                             1                    0                           1                       2            

4                                 0                     1                          1                        1

5                           0                      2                           0                       2                  

6                      0                     0                            2                     0      

b) ILP Formulation

Objective Function

Minimize Number of 10 ft-boards to be cut

Z = x1+x2+x3+x4+x5+x6 where xi is the number of boards for pattern i

subject to constraints -

3x1+2x2+x3>=90 ----> 3-ft boards

x2+x4+2x5>=60 ----->4-ft boards

x3+x4+2x6>=60 ----->5-ft boards

Xi>=0 ---->Non-negativity constraint

Below is the excel solver formulation and solution -

The optimal number of Pattern 1,5,6 =0, Pattern 2,3 and 4 = 30

The minimum number of 10 ft-boards to be cut = 90

7 0
2 years ago
Read 2 more answers
the two principal policy tools that the federal government uses to manage economic conditions are monetary policy and fiscal pol
steposvetlana [31]

Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.

<h3>What is monetary and fiscal policy?</h3>

Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.

Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.

To learn more about monetary policy, please check: brainly.com/question/3817564

#SPJ1

7 0
1 year ago
Florence Inc. lost an entire plant due to an earthquake on May 1, 2018. In preparing its insurance claim on the inventory loss,
Dima020 [189]

Answer:

$483,000

Explanation:

The computation of the estimated inventory on May 1, 2018, is shown below:

= Inventory as on Jan 1, 2018 + purchase of inventory + sales on inventory × gross profit rate - sales on inventory

= $470,000 + $895,000 + $1,260,000 × 30% - $1,260,000

= $470,000 + $895,000 + $378,000 - $1,260,000

= $483,000

By applying the above formula we can get the ending estimated inventory

7 0
2 years ago
Hercules Company purchased a computer for $3,600 on Dec 1. It is estimated that annual depreciation on the computer will be $720
masha68 [24]

Answer:

Explanation:

Depreciation : Depreciation is a decrease value of the fixed assets due to wear and tear, obsolesce, etc.

In the given question, the accumulated depreciation is $720 and the asset is purchase on Dec 1 with $3,600 value

So on the date of December 31, the adjusted value would be

= $720 × 1 ÷ 12 months

= $60

As on December 1 the asset is purchased , and we have to prepared the financial statement on December 31 . So, from December 1 to December 31, it has 1 month which is not yet recorded.

Hence, the adjusted entry would be :

Deprecation Expense A/c Dr $60

    To Accumulated Depreciation A/c  $60

(Being adjusted entry recorded)

8 0
3 years ago
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