The importance of foreign employment are:
1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country
2) People who go work overseas to work can learn different skills and technology which can be beneficial for the development for our own country
Answer:
The correct answer is 65.
Explanation:
If you have a job enrolling in Medicare during a valid Medicare enrollment period, and you have both Medicare and your employer's insurance, these are the rules set by Medicare that decide which coverage you must pay first (called the "primary payer") and what coverage you must pay in the second instance (called "secondary payer"). Generally, the order of payers works as follows:
- If you have retiree coverage from your employer or union, Medicare usually pays first.
- If your group health plan coverage comes from your current job (or if you got it from a family member), the primary and secondary payer are determined based on your age, the number of people employed by your employer and the reason you have Medicare, either because of your age, disability, or End-Stage Renal Disease (ESRD).
- If you are under 65 and have a disability, and you or a family member is still working, your group health plan pays first if any of your employers has 100 or more employees.
- If you are over 65 and you or your spouse are still working, your group health plan pays first if any of your employers has 20 or more employees.
- If you have Medicare because of an ESRD, your group insurance plan pays first for the first 30 months after you become eligible for Medicare. Medicare will pay first after the 30-month period.
- Typically, liability insurance, no-fault insurance (including auto insurance), pneumoconiosis benefits, and worker's compensation pay first for your related coverage.
- Medicaid never pays first for Medicare-covered services, but only pays after Medicare, employer group health plans, and / or Medigap (Medicare supplement) plans have paid.
Answer: Consultants
Explanation: They give their ideas and the company works according to that. If the company managers take decisions that suits them the employees and owners will adhere but the consultants might turn it down which affects the company immensely.
The total product cost per unit under absorption costing is: $75.
In absorption costing, the cost of every unit produced is worked out by adding up the direct cost of materials, direct labor, variable overhead, and the fixed overhead. Unlike in the case of marginal costing where the fixed cost is treated as period cost, in absorption costing, fixed cost is treated as a product cost.
The cost per unit
$
Direct material 28
Direct labor 24
Variable overhead 10
Fixed cost 13
Cost per unit 75
Cost of Inventory
Number of units = 1000
Cost per unit = $75
Value = 1000 * $75 = $75,000
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Answer:
Felix Incorporated
Exchange of Preferred Stock for Land:
Journal Entries:
Debit Land $90,000
Credit Preferred Stock $81,250
Credit Additional Paid-in Capital - Preferred Stock $8,750
To record the issue of 1,250 of $65 par-value preferred stock for land with a fair price of $90,000.
Explanation:
Felix Incorporated will debit Land with the fair price of $90,000 and Credit the Preferred Stock account with $81,250 (1,250 x $65) at par-value. The difference between the fair price of land and the preferred stock at par-value is credited to additional paid-in capital account for preferred stock. Felix Incorporated cannot take into account the current market value of the stock at $75 in its accounting records. The current share price of $75 is for the benefit of investors, and can only serve as basis for Felix Incorporated to decide transactions with potential investors.