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3 years ago

HMO coverage has much more flexibility than PPO coverage. Please select the best answer from the choices provided. T F

Business

2 answers:

Ostrovityanka [42]3 years ago

7 0

The correct answer is F (False)

Explanation:

Health Maintenance Organizations (HMO) is an insurance plan that provides healthcare through a network of different organizations and healthcare professionals. This type of insurance plan implies you can have no-cost services from professionals that are in the network; however, to see a specialist you need a referral and you will need to pay for services out of the network. Due to this, HMO is considered to have little flexibility.

On the other hand, the Preferred Provider Organization (PPO) includes insurance plans that allow you to visit specialists with no referral and receive services from health professionals in and outside the network of the insurance company. This implies PPO is much more flexible than HMO as patients are less limited. Therefore it is false HMO coverage has much more flexibility than PPO coverage.

Rus_ich [418]3 years ago

6 0

It is a completely false statement that HMO <span>coverage has much more flexibility than PPO coverage. The correct option among the two options that are given in the question is the second option. I hope that this is the answer that you were looking for and the answer has actually come to your help.</span>

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Carlos Landry finds he has less and less energy to go to work each day. On average he misses two days a week. Carlos may be suff

Zarrin [17]

Answer:

C. Job specialization

Explanation:

Employees boredom is one of the disadvantages of job specialization

Job specialization: This can be defined as a situation where an employee focuses on a particular skills or job position in order to become an expert.

Job specialization is as a result of division of labor. Division of labor is the sharing of roles or functions among employees in a firm so as to Improve productivity.

When a particular role is assigned to an employee for a long period of time, the employee becomes an expert as a result of that.

Advantages of job specialization

• Workers produce more when they occupy a specific role.

• Job specialization leads to time saving in production because employees have become masters in their role

• More expertise is developed through job specialization

Disadvantages of job specialization

• Continuous performance of a particular role might lead to boredom of the employee

• There is fear of job security for the workers. They often wonder what will happen if a firm finds a replacement for them.

7 0

3 years ago

Evans Ltd. is now considering the possibility of offering a lifetime membership option to its subscribers. Under this proposal,

Ahat [919]

Answer: $329.75

Explanation:

The one year subscription is $40 per year. It is estimated that the average age of current subscribers is 38 and they will leave on average to 78. This means that they will leave for,

= 78 - 38

= 40 years

Evans Ltd average interest rate on long-term debt is 12% so this means that we can use that 12% as a discount rate for the cash-flow expected.

I have attached a Present Value Interest Factor of an Annuity table to this question. It helps calculate annuities faster.

The above can be treated as an annuity because the $40 is constant every year.

The present value of the $40 over 40 years can be calculated by,

= $40 * present value Interest Factor of an Annuity for 40 years at 12% (look at the table for where 40 years on the y axis intersects with 12% on the x axis)

= $40 * 8.2438 (this is the figure when it is not rounded off to 3 dp)

= $329.752

= $329.75

This shows that the lifetime flat fee of $480 is more profitable for Evans Ltd as opposed to the yearly subscription. They should therefore try to sell more of the lifetime contract with the flat fee.

3 0

3 years ago

Compute the uncollectible account expense, and make the appropriate journal entry, for the current year assuming the uncollectib

Gnoma [55]

Question Completion:

Johnson Corporation’s Unadjusted Trial Balance at year-end included the following accounts:

Debit Credit

Sales (75% represent credit sales) (credit) $1,152.000

Accounts Receivable(debit) $288,000

Allowance for Doubtful Accounts (credit) $2,184

Answer:

<h2>Johnson Corporation</h2>

a. Without considering the balance in the Allowance for Doubtful Accounts, income statement approach, 1% of total sale:

Journal Entry:

Debit Uncollectible Accounts Expense $11,520

Credit Allowance for Doubtful Accounts $11,520

To record the uncollectible accounts expense for the year.

b. Without considering the balance in the Allowance for Doubtful Accounts, income statement approach, 1.5% of credit sales:

Journal Entry:

Debit Uncollectible Accounts Expense $12,960

Credit Allowance for Doubtful Accounts $12,960

To record the uncollectible accounts expense for the year.

c. Considering the balance in the Allowance for Doubtful Accounts, balance sheet approach

Journal Entry:

Debit Uncollectible Accounts Expense $9,816

Credit Allowance for Doubtful Accounts $9,816

To record the uncollectible accounts expense for the year.

Explanation:

a) Data and Determination of Uncollectible Expenses and Allowances:

Sales (75% represent credit sales) (credit) $1,152,000

Accounts Receivable(debit) $288,000

Allowance for Doubtful Accounts (credit) $2,184

1. Uncollectible Accounts Expense = 1% of Sales:

= 1% of $1,152,000

= $11,520

2. Uncollectible Accounts Expense = 1.5% of Credit Sales:

= 1.5% of $864,000 (75% of $1,152.000 )

= $12,960

3. Allowance for Doubtful Accounts based on an aging of accounts receivable of $12,000:

Adjustment required to bring the Allowance for Doubtful Accounts to $12,000 is $9,816 ($12,000 - 2,184).

4 0

3 years ago

Crawford Fishing had a net income of $35,640 in 2017. They decided to pay $3,000 in dividends and keep the rest to help expand t

CaHeK987 [17]

Answer:

The profit that they keep to reinvest in the business is recorded as D : retained earnings.

Explanation:

Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders.

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3 years ago

Delta Company purchased a delivery truck for a total cost of $15,000. Delta paid $2,000 in cash and signed a note payable for th

kupik [55]

Answer:

increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.

Explanation:

Given that

The total cost of purchase of delivery truck = $15,000

Cash paid = $2,000

The accounting equation equals to

Total assets = Total liabilities + owners equity

The remaining amount left would be equal to

= $15,000 - $2,000

= $13,000

So it would increase the assets for $13,000 as the delivery truck is purchased plus there is also an increase in liabilities for $13,000 as it signed a note payable and there is no effect on equity

8 0

3 years ago