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3 years ago

1. Describe the four management functions and the type of management activity associated with each.

Business

1 answer:

kari74 [83]3 years ago

8 0

Answer:4 Functions of Management Process: Planning, Organizing, Leading, Controlling

Planning and Decision Making – Determining Courses of Action.

Organizing – Coordinating Activities and Resources.

Leading – Managing, Motivating and Directing People.

Controlling – Monitoring and Evaluating activities.

Explanation:

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wayne incurs a $2,000 medical bill. if his health policy has a $1,000 deductible and an 80/20 coinsurance percentage, how much w

Valentin [98]

In a situation where Wayne incurs a $2,000 medical bill, and if his health policy has a $1,000 deductible and an 80/20 coinsurance percentage, the insurer will pay an amount of $800. Therefore, the option C holds true.

<h3>What is the significance of coinsurance?</h3>

A coinsurance can be referred to or considered as the system of insurance in which the insurer pays a predetermined proportion of losses or repairs incurred against the happening of an insured event.

In the above situation, the policy has an 80/20 coinsurance terms, then as per these terms out of the $1000 deductible in the health policy, an amount up to 80%, i.e., $800 will be paid by the insurer Wayne.

Therefore, the option C holds true and states regarding the significance of a coinsurance.

Learn more about a coinsurance here:

brainly.com/question/12104973

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The question seems to be incomplete. It has been added below for better reference.

Wayne incurs a $2,000 medical bill. If his health policy has a $1,000 deductible and an 80/20 coinsurance percentage, how much will the insurer pay?

a) $1,000

b) $1,200

c) $800

d) $1,800

5 0

2 years ago

arter Company sells merchandise on account for $4,000 to Hannah Company with credit terms of 2/10, n/30. Hannah Company returns

timama [110]

Answer:

The answers are:

Cr Accounts receivable $4,000
Dr $3,332 Cash
Dr $68 Sales discount
Dr $600 returned merchandise (damaged)

Explanation:

The credit terms of 2/10, n/30 means that if Hannah Company pays within ten days, they will get a 2% discount, or they have thirty days to pay the full receipt.

Hannah's check should be for:

($4,000 - $600) x 0.98% = $3,400 x 0.98% = $3,332

Arter Company should record the following entries:

Cr Accounts receivable $4,000

Dr $3,332 Cash

Dr $68 Sales discount

Dr $600 returned merchandise (damaged)

6 0

3 years ago

Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following: 20Y9

jasenka [17]

Answer:

Accounts receivable for 2019 = $590,000

Accounts receivable for 2018 = $570,000

Explanation:

The computation of accounts receivable for both years is shown below:-

2019 2018

Sales $7,906,000 $6,726,000

Accounts receivable

Beginning balance $600,000 $540,000

Ending balance $580,000 $600,000

Accounts receivable $590,000 $570,000

Working note:-

Average Accounts receivable for 2019 = ($600,000 + $580,000) ÷ 2

= $590,000

Average Accounts receivable for 2018 = ($540,000 + $600,000) ÷ 2

= $570,000

7 0

3 years ago

Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of t

NeX [460]

Answer: True

Explanation:

Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.

This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.

4 0

3 years ago

On January 1, 2010, Sunshine company issues bonds maturing in 10 years. The par value of the bonds is $500,000, the annual coupo

zheka24 [161]

Answer and Explanation:

a. The bonds is issued at a discount, since the coupon rate is lower than the interest rate on the market.

b. Par value = $500,000.

Annual coupon = Par value of bonds × Coupon rate

= $500,000 × 4 %

= $20,000

Interest rate = 6%

n = 10

Present value of an annuity 6%, n = 10 = ((1 - ( 1 ÷ 1.06 ) × 10) ÷ 0.06)

= 7.3601

Present value 6%, n = 10 = (1 ÷ 1.06) × 10

= 0.5584

Issue price of the bonds = Annual coupon × Present value of an annuity + Par value of bonds × Present value

= $20,000 × 7.3601 + $500,000 × 0.5584

= $147,202 + $279,200

= $426,402

3.The Journal entry is shown below:-

Cash Dr, 426,402

To Discount on Bonds Payable $73,598

To Bonds Payable $500,000

Being cash is recorded)

4. Interest expense for the year ended December 31, 2010 = Issue price of the bonds × Interest rate

= $426,402 × 7%

= $29,848.14

5. The Journal entry is shown below:-

Interest Expense Dr, 29,848

Discount on Bonds Payable Dr, 9,848

To Cash $20,000

(Being interest expenses is recorded)

6. Over the years the interest rate would rise as the bonds were issued at a discount.

6 0

3 years ago