Answer:
True
Explanation:
The United States has no single nationwide system of health insurance.
In the event that an employed worker's spouse loses his/her job to lay-off, the insurance premium financed by the active worker for this family coverage should provide basic health benefits to unemployed workers and their dependents because government does not provide for such category of active group except for senior citizens.
Health insurance is purchased in the private marketplace or provided by the government to certain groups. Private health insurance can be purchased from various organizations such as profit commercial insurance companies or from non – profit insurers.
Answer:
January 10
Explanation:
According to the revenue recognition principle of accrual accounting, revenue must be recognized when the earning process is completed. In this case, the earning process was completed on January 10 when the services were performed. The related cash inflows are not relevant at the time of considering service revenue.
the journal entries should be:
January 10, 202x
Dr Accounts receivable XY
Cr Service revenue XY
January 20, 202x
Dr Cash 0.5XY
Cr Accounts receivable 0.5XY
February 24, 202x
Dr Cash 0.5XY
Cr Accounts receivable 0.5XY
Given:
pay = 589.69
rate = 8% of the pay into your savings account.
Simply multiply 8% to the amount of the paycheck.
589.69 x 8% = 47.18 amount to deposit to savings account
589.69 - 47.18 = 542.51 amount to take home
<span>The correct answer is Monetary Policy. Monteray policies are made by institutions like central banks with the goal of adjusting or fighting inflation and deflation rates. Fiscal policies would be policies about public spending or about imports and exports and would be made by the congress and not by the central bank.</span>
Answer:
Company must make sales of $600,000.
Explanation:
Compute the contribution margin of the company:
Contribution margin=Pre−Tax Income+Fixed Cost
=$60,000+$270,000
=$330,000
Thus, the contribution margin is $330,000. It is computed by summing up the fixed cost and the pre-tax income of the company.
Compute the total sales of the company:
Contribution margin ratio= Contribution margin / Sales
55%= $330,000/ Sales
Sales= $55% / $330,000
=$600,000
The sales of the company are $600,000.
