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In-s [12.5K]
2 years ago
6

julia suffered a severe stroke and has been admitted to a private hospital where she is expected to remain for the rest of her l

ife. She is certified by a licensed health care practitioner as being a "chronically ill individual." Her hospital expenses amount to $280 per day. She will receive $270 per day from a $500,000 life insurance policy as an accelerated death benefit. In 2014, she was in the hospital for 10 days and received $2,700. How much of this amount is taxable
Business
1 answer:
Musya8 [376]2 years ago
6 0

Answer:

0

Explanation:

Because she is a chronically ill individual, Julia may exclude the full amount she receives as it is less than the amount of actual expenses and the daily limitation of $300 established by law.

That's why the taxable amount is 0.

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Your company has a cost differentiation strategy regarding its products. there are several new entrants into your saturated mark
gtnhenbr [62]

1) Change the nature of the product

2) Give away discounts

3) Reduce the price of the product compared to the competitiveness of the market

7 0
3 years ago
Forever Jewelers uses the perpetual inventory system. On April​ 2, Forever sold merchandise with a cost of $ 1 comma 500$1,500
Tema [17]

Answer:

Accounts Receivable $8,820

                   To Sales Revenue $8,820

Explanation:

The journal entry to record the sales revenue is shown below:

Accounts receivable A/c Dr $8,820

      To Sales revenue A/c $8,820

(Being merchandise sold on credit basis)

For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue

The computation of sales revenue is shown below:

= Sales revenue - discount

= $9,000 - $9,000 × 2%

= $9,000 - $180

= $8,820

This is the answer but the same is not provided in the given options

6 0
2 years ago
For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your an
STatiana [176]

Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

<u>At 1.4% growth rate;</u>

Number of years = 70 / 1.4 = 50

<u>At 3.2% growth rate;</u>

Number of years = 70 / 3.2 = 21.88

<u>At 4.9% growth rate;</u>

Number of years = 70 / 4.9 = 14.29

<u>At 6.4% growth rate;</u>

Number of years = 70 / 6.4 = 10.94

<u>At 7.5% growth rate;</u>

Number of years = 70 / 7.5 = 9.33

4 0
3 years ago
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
Veseljchak [2.6K]

Answer:

Bond price=$888.35

Explanation:

<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate</em>

<em>Value of Bond = PV of interest + PV of RV</em>

The value of bond for Local School District can be worked out as follows:

Step 1

PV of interest payments

PV = A × (1+r)^(-n)/r

A-annul interest payment:

= 7.5% × 1,000× = 75

r-Annual yield = 8.6%

n-Maturity period = 25  

PV of interest payment:

=75× (1- (1+0.086)^(-25)/0.086)

= 761.22

Step 2

<em>PV of Redemption Value</em>

= 1000 × (1.017)^(-25)

= $127.131

Step 3

<em>Price of bond</em>

=761.222 + 127.13

=$888.35

6 0
3 years ago
While the Securities and Exchange Commission reviews a registration statement for completeness, most issuers can distribute a fr
OlgaM077 [116]

Answer:

True.

Explanation:

The registration statement is a document that private company files with Securities and Exchange Commission (SEC). This document specifies the intent of private companies, that why they desire to share its stocks with the public. It specifies the securities of  registration, investment, etc.

When a company shares it registration statement with SEC and it is in the procedure of checking, the company is free to distribute its free-writing prospectus.

A free-writing prospectus is written communication that states the offer of selling the security. This document specifies the basic details about the issue. When the registration statement in the process of checking, the company is free to distribute free-writing prospectus. Thus the answer is true.

8 0
2 years ago
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