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4vir4ik [10]
3 years ago
9

Dan lives in Duncan, a small town in Arizona. Because of a rare blood disease, Dan is required to take special medical treatment

s once a month. The closest place these treatments are available to Dan is in Phoenix, 200 miles away. The treatments are provided on an outpatient basis but require him to stay overnight in Phoenix. During the year, Dan makes 12 trips to Phoenix by automobile to receive the treatments. The motel he always stays in charges $85 per night. For the year, Dan also spends a total of $250 for meals on these trips. $100 of this $250 is spent while en route to Phoenix. What is the amount of Dan’s qualified medical expenses for 2012?
Business
1 answer:
tester [92]3 years ago
3 0

Answer:

$1,778

Explanation:

Mileage (12 trips x 400 miles x 0.235 per mile) $1,128

Lodging (12 trips x 50 per night max) $600

Meals ($100x0.50) $50

Dan’s qualified medical total expense for the year$1,778

$1,128+$600+$50= $1,778

Therefore the amount of Dan’s qualified medical expenses for 2012 is $1,778

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Answer: 130 days

Explanation:

The Cash Conversion Cycle is a measure that attempts to show how many days on average it takes a company to convert resources into cash.

It is calculated with the following formula,

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Plugging in the figures we have,

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