The correct answer is an HMO.
An HMO is the abbreviation for a Health Maintenance Organization. An HMO health insurance plan places an emphasis on preventive services and routine screenings. With this type of insurance plan an individuals health care is normally managed by their primary care physician, who would refer the patient to other providers for specialty care when they need it.
Answer:
$5,525.63
Explanation:
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
R = interest rate
n = number of years
((1.05)^5 - 1) / 0.05 = 5.525631
$1000 x 5.525631 = $5,525.63
Answer:
Total cost= $8,966
Explanation:
Giving the following information:
Direct materials $3,991
Direct labor-hours 85 labor-hours
Direct labor wage rate $13 per labor-hour
Machine-hours 129 machine-hours
The predetermined overhead rate is $30 per machine-hour.
The total cost is calculated as follow:
Total cost= direct material + direct labor + allocated overhead
Total cost= 3,991 + (85*13) + (129*30)
Total cost= $8,966
Answer: d. The book value of the mine decreased $573,400 during 2014.
Explanation:
Book value of the mine is:
= Cost + Amount spent to make mine ready
= 4,324,000 + 760,000
= $5,084,000
The depreciation for this mine will be done based on the amount of minerals removed per year from the estimated total. It will be based on the depreciable value which is the book value net of the residual value.
In year 2014, depreciation is:
= Proportion removed * (Book value - Residual value)
= 61,000 / 460,000 * (5,084,000 - 760,000)
= $573,400
