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4 years ago

Medicaid is federal health insurance program for senior citizens regardless

Business

2 answers:

Arte-miy333 [17]4 years ago

5 0

Answer:

FALSE

Explanation:

Health care is usually very expensive and people need to join health insurance to be able to access this type of service when they get sick. Normally, middle or high income US citizens have health insurance offered by work. However, poorer people have a harder time accessing health insurance because they cannot afford it. In this case, the federal government provides Medicaid, which is health insurance for low-income people, regardless of age, as everyone needs medical care.

malfutka [58]4 years ago

3 0

Answer:

False

Explanation:

Medicaid is for all-ages (not just senior citizens) and for low-income Americans.

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A local dental partnership has been liquidated and the final capital balances are: Atkinson, capital (40% of all profits and los

Margarita [4]

Answer:

Cash distribution

Atkinson $20,000

Kaporale $0

Dennsmore $0

Rasputin $0

Explanation:

Computation of what should happen if Rasputin contributes additional cash of $20,000 to the partnership

Atkinson Kaporale Dennsmore Rasputin

Reported balances

$70,000 $30,000 $(42,000) $(58,000)

Capital contribution$0 $0 $0 $20,000

Adjusted balances

$70,000 $30,000 $(42,000) $(38,000)

Potential loss from Dennsmore and Rasputin(42,000+38,000=80,000) split on a 4:3 basis

(45,714) (34,285) 42,000 38,000

Adjusted balances

$24,286 $(4,285) $0 $0

Potential lossfrom Kaporale ($4,285)

(4,285) 4,285 $0 $0

Cash distribution $20,000 $0 $0 $0

Calculation for the potential loss

Potential loss from Dennsmore and Rasputin(42,000+38,000=80,000) split on a 4:3 basis

Dennsmore(4/7×80,000)= 45,714

Rasputin (3/7×80,000)=34,285

Therefore what should happen if Rasputin contributes additional cash of $20,000 to the partnership is that Atkinson will have cash of $20,000, Kaporale $0 , Dennsmore $0 and Rasputin will have cash of $0

3 0

3 years ago

The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent

weqwewe [10]

Answer: $57,000

Explanation:

Given that,

Beginning finished goods inventory in units = 0

Units produced = 7,000

Units sold = 5,100

Sales = $663,000

Materials cost = $140,000

Variable conversion cost used = $70,000

Fixed manufacturing cost = $490,000

Indirect operating costs (fixed) = $102,000

Total Variable cost of units produced = Materials cost + Variable conversion cost used

= $140,000 + $70,000

= $210,000

$Variable\ cost\ per\ unit = \frac{Total\ variable\ cost}{units\ produced}$

= $\frac{210,000}{7,000}$

= $30

Units in ending inventory = Units produced - Units sold

= 7,000 - 5,100

= 1,900

Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit

= 1,900 × $30

= $57,000

5 0

3 years ago

Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $140,000 and used for

kkurt [141]

Answer:

Year 1 Year 2 Year 3 Year 4 Year 5 Net income $ 9,500 $ 23,500 $ 64,000 $ 35,500 $ 94,000

Explanation:

look p1 a machine

6 0

3 years ago

70 Marketing Dynamics .. .. : : . . : Part 4: Be Your Own Leader Leaders on a Top Secret Mission On December 6, 2011, a woman wa

egoroff_w [7]

Not trying to be rude but that’s too much for too little amount of points
That’s technically an entire book page of reading

4 0

3 years ago

The Ayayai Corp. purchased $7990 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inven

sesenic [268]

Explanation:

The adjusted journal entry is shown below:

Corp Laundry supplies Expense A/c Dr $6,580

To Corp Laundry supplies A/c $6,580

(Being the corp supplies expense is recorded)

It is computed below:

= Purchased value of laundry supplies - still on hand

= $7,990 - $1,410

= $6,580

The answer is correct but The options that are given are incorrect.

8 0

4 years ago