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3 years ago

15

According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at th

e end of the first year? (2 points)

1 answer:

Sergio [31]3 years ago

3 0

You would have $10.50 just double the rate

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Which is an easy-to-read, monthly statement that clearly lists medicare claims information?.

IgorC [24]

An easy-to-read, monthly statement, that clearly lists medicare claims information is a Medicare summary notice.

<h3>What is a Medicare summary notice?</h3>

MSN is a statement received by the people with Original Medicare recipients every three months in the mail for services covered by Medicare Part A and Part B.

It is a system that notifies consumers about Medicare benefit decisions. You will not receive an MSN for that 3-month period if you do not receive any services or emergency aid during that time.

This notification might assist you in keeping track of your and in expenses and ensuring that you were correctly invoiced for the treatments you experienced.

It also helps to compare the information on your notification with the healthcare providers', statements, and receipts.

Learn more about the Medicare summary notice, here:

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8 0

2 years ago

The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31.

vova2212 [387]

Answer:

CRUZ COMPANY

1. Closing Entries:

No. Account Title Debit Credit

901 Income Summary $33,100

612 Depreciation expense

—Equipment $3,000

622 Salaries expense 22,000

637 Insurance expense 2,500

640 Rent expense 3,400

652 Supplies expense 2,200

To close expenses to the Income Summary.

404 Services revenue $44,000

901 Income Summary $44,000

To close Service Revenue to the Income Summary.

318 Retained earnings $37,600

901 Income Summary (Retained Earnings) $37,600

To close the Retained Earnings of prior year to Retained Earnings section of the Income Summary.

901 Income Summary

(Retained Earnings) $7,000

319 Dividends $7,000

To close the Dividends to the Retained Earnings section of the Income Summary.

2. CRUZ COMPANY

Post-Closing Trial Balance

As of December 31

No. Account Title Debit Credit

101 Cash $ 19,000

126 Supplies 13,000

128 Prepaid insurance 3,000

167 Equipment 24,000

168 Accumulated depreciation

—Equipment $ 7,500

307 Common stock 10,000

318 Retained earnings 41,500

Totals $ 59,000 $ 59,000

Explanation:

a) Data and Calculations:

CRUZ COMPANY

Trial Balance

As of December 31

No. Account Title Debit Credit

101 Cash $ 19,000

126 Supplies 13,000

128 Prepaid insurance 3,000

167 Equipment 24,000

168 Accumulated depreciation

—Equipment $ 7,500

307 Common stock 10,000

318 Retained earnings 37,600

319 Dividends 7,000

404 Services revenue 44,000

612 Depreciation expense

—Equipment 3,000

622 Salaries expense 22,000

637 Insurance expense 2,500

640 Rent expense 3,400

652 Supplies expense 2,200

Totals $ 99,100 $ 99,100

b) Income Summary for the year ended December 31:

Revenue $44,000

Expenses (33,100)

Net Income $10,900

Retained Earnings 37,600

Dividends (7,000)

Retained Earnings $41,500

5 0

3 years ago

Imagine that instead of hiring each assitant right away in the hiring assistant problem. we wait until the end to hire the best

vlada-n [284]

Imagine that instead of hiring each assistant proper away withinside the hiring assistant problem. we wait till the cease to lease the quality one. what is the quality-, worse- and average-care costs on this case.

There are some assumptions that we are able to make.

Worst case: Every assistant you interview subsequent is higher than the ultimate candidate. So, you need to pass until the cease. The aspect is you interviewed until the cease N, and also you needed to make a contrast with the N-1 interviewee.

So, your complexity can be N*(N-1) = O(N^2)

Best case: The first actual candidate you interviewed became out to be the quality candidate. Here you simply examine with every other candidate if they're higher than the first candidate or not.

So, your complexity, on this case, can be O(N)

Average case: In this case, we're creating a contrast with different candidates. In this case, as well, your complexity could be O(N^2).

For higher clarity, what you may do is navigate grade by grade the subsequent pseudocode:

best_candidate_index = 0

for candidate in range(number_of_interviewee)

do interview candidate

if candidate is higher than best_candidate_index

best_candidate_index = candidate

lease best_candidate_index

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7 0

1 year ago

An Engel curve:________.

creativ13 [48]

Answer:

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods

3 0

3 years ago

Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division’s retu

almond37 [142]

Answer:

a. Project's net present value is $1,015,163.09

b. Simple rate of return is 15%

c. Yes. The reason is that the project has a positive net present value of $1,015,163.09.

d. No. The reason is that the simple rate of return of 15% obtained in part b is lower the division’s return on investment (ROI), which has been above 20% each of the last three years.

Explanation:

a. Compute the project's net present value.

To compute this, we first calculate the annual cash inflow as follows:

Annual cash inflow = Net operating income + Depreciation = $452,000 + $828,000 = $1,,280,000

Now, the project's net present value can be calculated using the formula for calculating the present of an ordinary annuity as follows:

PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

PV = Present value of the annual cash flow = ?

P = Annual cash inflow = $1,280,000

r = Discount rate = 17%, or 0.17

n = Equipment useful years = 5

Substitute the values into equation (1) to have:

PV = $1,280,000 * [{1 - [1 / (1 + 0.17)]^5} / 0.17]

PV = $4,095,163.09

Project's net present value = PV - Project's initial investment = $4,095,163.09 - $3,080,000 = $1,015,163.09

b. Compute the project's simple rate of return

This can be computed as follows:

Simple rate of return = Net operating income / Initial investment = $452,000 / $3,080,000 = 0.15, or 15%

c. Would the company want Derrick to pursue this investment opportunity?

Yes. The reason is that the project has a positive net present value of $1,015,163.09.

Note that had it been the net present value of the project was negative, the company would not want to Derrick to pursue this investment opportunity since the decision of the company is based on whether the project's NPV is positive or negative.

d. Would Derrick be inclined to pursue this investment opportunity?

No. The reason is that the simple rate of return of 15% obtained in part b is lower the division’s return on investment (ROI), which has been above 20% each of the last three years.

Pursuing this investment opportunity will therefore reduce the Overall ROI of the division and Derrick will not get annual pay raises if this happens.

8 0

3 years ago