<span>From the perspective of the patient, clearly we would like to be billed at the lower rate of 100%. However, the physician most likely wants the maximum revenue so he would like the 500% rate. Somewhere in between should be acceptable. If a physician is only charging the 100% rate, as a patient, that may make me think that he is charging a reduced rate, possibly because he is not that good of a physician and needs more patients. I think a rate of 200-250% would be a good indicator that the physician is good and fair. He is not overcharging, but he is also not charging to little, which would be a red flag.</span>
Answer:
bad debt expense 45,000 debit
account receivable 45,000 credit
--to record write-off of Leer account--
account receivable 45,000 debit
bad debt expense 45,000 credit
--to record recovery of Leer account--
cash 45,000 debit
account receivable 45,000 credit
--to record collectiong from Leer account--
Explanation:
As it applies direct method when a write-off occurs It decrease the A/R and declares the bad debt expense for the full amount.
If the account is recovered, we reverse the entry and proceed to record the collection like a normal entry.
Answer:
$13,740
Explanation:
In the perpetual method of inventory valuation, the inventory balance is updated constantly after each transaction. In this problem, the initial balance is $36,000, purchases of new inventory will increase the balance, while returns, discounts and goods sold will decrease the balance. If the ending inventory is $29,500, the cost of goods sold (C) is determined as:
The cost of goods sold was $13,740.
I believe the answer to fill in the blank is missionary salespeople.
Answer:
The correct answer is letter "B": Program.
Explanation:
A program collects the sets of ideas, projects, and plans companies come up with to pursue and accomplish their objectives. Programs tend to be reviewed periodically to verify if the progress of the goals is made according to what is expected or if there are delays to be adjusted.