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Black_prince [1.1K]
3 years ago
15

Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doc

tor visits and the bill charged by the doctor for 6 visits is $360, the portion of this cost covered by a third-party payer is:
Business
1 answer:
Katarina [22]3 years ago
3 0

Answer:

$300

Explanation:

Given that s a health insurance program with co-payments of $10 per doctor visit.

Thus,

amount paid by insurance in 1 visit = $10

Amount paid by insurance in 6 visit = $10*6 = $60

Total bill charged by the doctor in 6 visit = 360

Amount paid by the consumer = Total bill charged by the doctor in 6 visit - Amount paid by consumer in 6 visit = $360 - $60 = $300

Since , consumer is the third party payer he pays $300 out of total $360 bill charged by the doctor.

In fraction ,portion of bill paid by the third party payer = 300/360 = 5/6

Thus, 5/6 portion of bill is paid by third party payer.

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DeLong Corporation was organized on January 1, 2017. It is authorized to issue 13,000 shares of 8%, $100 par value preferred sto
balandron [24]

Answer:

DeLong Corporation

Journal Entries:

Jan. 10: Debit Cash $507,000

Credit Common stock $253,500

Credit Additional Paid-in Capital- Common stock $253,500

To record the issue of 84,500 shares at $6 per share.

Mar. 1: Debit Cash $540,750

Credit Preferred stock $515,000

Credit Additional Paid-in Capital - Preferred stock $25,750

To record the issue of 5,150 shares at $105 per share.

Apr. 1 Debit Land $80,500

Debit Loss on Purchase of Land $10,500

Credit Common stock $72,000

Credit Additional Paid-in Capital- Common stock $19,000

To record the issue of 24,000 shares for land.

May 1: Debit Cash $396,625

Credit Common stock $250,500

Credit Additional Paid-in Capital- Common stock $146,125

To record the issue of 11,000 shares at $4.75 per share.

Aug. 1: Debit Attorney Fees $38,500

Credit Common stock $33,000

Credit Additional Paid-in Capital- Common stock $5,500

To record the issue of 11,000 shares for attorney's fees.

Sept. 1: Debit Cash $84,000

Credit Common stock $36,000

Credit Additional Paid-in Capital- Common stock $48,000

To record the issue of 12,000 shares at $7 per share.

Nov. 1: Debit Cash $218,000

Credit Preferred stock $200,000

Credit Additional Paid-in Capital-Preferred stock $18,000

To record the issue of 2,000 shares at $109 per share.

Explanation:

a) Data and Analysis:

January 1, 2017, Authorized Shares:

13,000 shares of 8%, $100 par value Preferred Stock

526,000 shares of no-par Common Stock with a stated value of $3 per share

Jan. 10: Cash $507,000 Common stock $253,500 Additional Paid-in Capital $253,500

Mar. 1: Cash $540,750 Preferred stock $515,000 Additional Paid-in Capital $25,750

Apr. 1 Land $91,000 Common stock $72,000 Additional Paid-in Capital $19,000

May 1: Cash $396,625 Common stock $250,500 Additional Paid-in Capital $146,125

Aug. 1: Attorney Fees $38,500 Common stock $33,000 Additional Paid-in Capital $5,500

Sept. 1: Cash $84,000 Common stock $36,000 Additional Paid-in Capital $48,000

Nov. 1: Cash $218,000 Preferred stock $200,000 Additional Paid-in Capital $18,000

8 0
3 years ago
Pete and Shirley are filing a joint return. They have two dependent children. What is the total amount of their exemptions for t
Darya [45]

Answer:

A. $0

Explanation:

The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.

5 0
2 years ago
At Nick's Bakery, the cost to make homemade chocolate cake is $3 per cake. As a result of selling three cakes, Nick experiences
Sveta_85 [38]

Answer:

c. $9.50 each.

Explanation:

For computing the selling price, first we have to compute the total price of three cakes which is shown below:

The sale value of three cakes would be

= $3 per cake × 3 cakes

= $9

And, the producer surplus is $19.50

So, the total price of cake equals to

= $9 + $19.50

= $28.50

And, the number of cake is 3

So, the selling price would be

= $28.50 ÷ 3 cakes

= $9.50 each

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3 years ago
Mauve company permits employees to occasionally use the copying machine for personal purposes. the copying machine is located in
serg [7]
That means they arnt paying you a lot or there not making more that there selling
6 0
2 years ago
One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sa
Olenka [21]

Answer:

True

Explanation:

Experiments regarding consumer behavior have shown that consumers usually expect a product to have a certain price that serves as a reference price that they use to determine if a retailer's price is high (more expensive than the reference price) or low (cheaper than the reference price).

It is normal (but unethical) that some retailers increase their prices a little before starting a sales campaign, since a higher reference price will make consumers believe that the offer is even better.  

8 0
3 years ago
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