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2 years ago

Which of the following best defines health insurance? (1 point)

Business

1 answer:

34kurt2 years ago

8 0

Answer:

A type of insurance whereby the insurer pays the medical costs of the insured

Explanation:

Health insurance is also known as medical insurance. It is insurance coverage that pays for the insured medical, surgical, and dental expenses. Insurance companies that underwrite health insurance cover (insurer) work with hospitals and health facilities known as providers to facilitate medical care of the insured when the need arises.

The insurer may either reimburse the insured the amounts spent in a health facility or may pay the provider the expenses incurred by the insured. Many employers offer health insurance to employees to attract and retain the best workers.

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The Chester Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. Suppose

Lena [83]

Answer:

(B) $38,446,000

Explanation:

Assuming a linear depreciation model, depreciation will occur at the same rate each year. Since the total after 15 years is 90% of the original value, the percentage depreciated per year is given by:

$P= \frac{90\%}{15} \\P=6\%$

The book value (V) of this purchase after the first year will be:

$V=\$40,900,000*(1-0.06)\\V=\$38,446,000$

Therefore, the answer is (B) $38,446,000

3 0

3 years ago

Ramirez Corporation is subject to income tax only in State A. Ramirez generated the following income and deductions. Federal tax

Alborosie

Answer:

a. $495,000

Explanation:

Data provided

Federal taxable income = $500,000

State A income tax expense = $45,000

Depreciation Modification = $300,000, $250,000

The computation of taxable income is shown below:-

Federal taxable income + State A income tax expense - Depreciation Modification

= $500,000 + $45,000 - ($300,000 - $250,000)

= $545,000 - $50,000

= $495,000

8 0

3 years ago

g On June 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time weighted method,

irga5000 [103]

Answer:

236.23

Explanation:

The computation of X is shown below:-

As per the time-weighted method

The 6-month yield

= (40 ÷ 50) × (80 ÷ 60) × (157.50 ÷ 160) - 1

= 5%

Annual equivalent = (1.05)^2 - 1

= 10.25%

1 - year yield = (40 ÷ 50) × (80 ÷ 60) × (175 ÷ 160) × (X ÷ 250) - 1

= 0.1025

X(0.004667) = 1.1025

X = 236.23

Therefore on December 31st the value of account of X = 236.25

4 0

3 years ago

The ending inventory of finished goods has a total cost of $11,600 and consists of 600 units. If the overhead applied to these g

Lunna [17]

Answer:

the Direct Labor Costs are $5500

And Direct Materials are 2,250

Explanation:

Finished Goods has a total cost of $11,600

If the overhead applied to these goods is $3,850

Then the Direct Labor Costs are $5500

And Direct Materials are 2,250

Using the cross product rule

$3850 : 70

x : 100

x= $3850*100/70= $ 5500 are Direct LAbor Costs

Direct Materials= Finished Goods - overhead applied -Direct Labor Costs

Direct Materials =$11,600- $3,850- $5500

And Direct Materials are = $2,250

5 0

3 years ago

The manager of a large hotel refuses to rent a room to a blind person with a guide dog. What California Fair Housing law has the

Anvisha [2.4K]

Answer:

Unruh Civil Rights Act

Explanation:

Remember, in the United States individual states often enact their own laws. One such law is the Unruh Civil Rights Act that protects persons with disabilities.

By his actions the Hotel Manager has violated the California fair housing law under the Unruh Civil Rights Act which mandates that;

All persons irrespective of their disability are entitled to full and equal accommodations or fair housing privileges or services in all business establishments of every kind whatsoever.

3 0

3 years ago