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Brums [2.3K]
3 years ago
12

Sylvester and JoAnn have both been laid off work during the last year and are now very poor. They found out that needy families

can receive medical benefits through Medicaid. In​ addition, JoAnn found out that Medicaid can be used:
A) by the aged.
B) by the blind.
C) by disabled persons.
D) for Medicare premiums, deductibles, and co-payments.
E) all of the above.
Business
1 answer:
Lera25 [3.4K]3 years ago
8 0

Answer: All of the above.

Explanation: The USAID is a financial intervention program by the government of the United States of America to support in payment of health expenses for the financially less capable citizens the older citizens, and people with disabilities.

JoAnn and Sylvester are eligible to receive the USAID government support.

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Federal reserve policy to increase the supply of money and hence to lower the interest rate from 6% to 4%, is accomplished by ac
sveticcg [70]
The answer is
im gay and i want to die
6 0
3 years ago
Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax
sattari [20]

Answer:

a. Net income = $107,200

b. Addition to retained earnings = $72,700  

Explanation:

a. What is the net income for the firm?

Net income which also referred to a s net earnings is estimated by deducting cost of goods sold, selling and distribution expenses, administrative expenses, depreciation expenses, interest expenses, taxes, and other relevant expenses from sales.

b. What is the addition to retained earnings?

Addition to retained earnings is obtained by deducting the cash dividends from the net income.

For this question, the net income and addition to retained earnings can be calculated by preparing an income statement as follows:

Shelton, Inc.

Income Statement

For the year ....

<u>Particulars                                           $    </u><u>             </u>

Sales                                             435,000

Costs of sales                           <u>   (216,000)  </u>

Gross profit                                   219,000

Depreciation expense                 (40,000)

Interest expense                       <u>    (21,000)  </u>

Income before tax                        158,000

Tax ($158,000 * 35%)               <u>    (55.300)  </u>

Net income                                   102,700

Cash dividends                           <u>  (30,000)  </u>

Addition to retained earnings   <u>   72,700  </u>

<u />

Therefore, Net income is $107,200, and addition to retained earnings is $72,700.

4 0
2 years ago
What describes technologies that allow users to "see" or visualize data to transform information into a business perspective?
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It is the Data Visualization. It is a general term that portrays any push to enable individuals to comprehend the noteworthiness of information by putting it in a visual setting. Examples, patterns and connections that may go undetected in content based information can be uncovered and perceived less demanding with information representation programming.
3 0
3 years ago
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC'
luda_lava [24]

Answer and Explanation:

The journal entries are shown below:

On January 4, 2016

Common capital (1 million ×  $1 per share) $1,000,000

Paid in capital excess of par (1 million × $160,000,000 ÷ $80,000,000) $2,000,000

Retained earnings (difference) $5,000,000

          To Cash (1 million × $8) $8,000,000

(Being repurchase & retired shares are recorded)

On June 25,2016

Common capital (2 million × $1 per share) $2,000,000

Paid in capital excess of par ( 2 million × $2) $4,000,000

         To Cash (2 million × $2) $4,000,000

         To Retained earnings (difference) $2,000,000

(Being repurchase & retired shares are recorded)

6 0
2 years ago
Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remaind
OlgaM077 [116]

Answer:

The amount of cash collected in March should be:

$51,000.

Explanation:

a) Data and Calculations:

Budgeted sales and Cash Collections:

                                           January    February       March         April

Total sales                         $50,000    $60,000     $40,000    $30,000

Collections:

35% month of sales             17,500       21,000         14,000       10,500

45% month following                            22,500        27,000       18,000

20% second month                                                    10,000

Total collections in March                                       $51,000

b) The above calculations concentrated on the month of March, being the month of interest.  Though, sales on account totals $40,000, the cash collections for the month amounts to $51,000.  This arises from cash collections from the months of January and February.

4 0
2 years ago
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