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4vir4ik [10]
3 years ago
7

Dirk suffered a heart attack and was rushed to the hospital where heart surgery was performed. His total bill for medical servic

es was $50,000. Dirk has a major medical policy with 80-20 coinsurance, a $1,000 calendar-year deductible, and a $9,000 out-of-pocket limit. The out-of-pocket limit applies to coinsurance only. Assuming this hospitalization was the first medical care that Dirk received during the year and that all of the hospital services were eligible for coverage under the policy, how much of the $50,000 bill will the insurer pay
Business
1 answer:
Morgarella [4.7K]3 years ago
6 0

Answer:

2000

Explanation:

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At the beginning of the year, Ilberg Company estimated the following costs: Overhead $416,000 Direct labor cost 520,000 Ilberg u
katrin [286]

Answer:

Predetermined overhead rate = $0.8 per hour

Overhead applied in December = $34,960

Explanation:

Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours

Predetermined overhead rate = $416,000 / 520,000 hours

Predetermined overhead rate = $0.8 per hour

(as Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.)

Actual Labor hour = 43,700

Overhead applied in December = 43,700 hours x $0.8 = $34,960

4 0
3 years ago
Individuals may find it more advantageous to purchase claims from a financial intermediary rather than directly purchasing claim
SSSSS [86.1K]

Answer:

The correct answer is I and II.

Explanation:

Individuals may find it more advantageous to purchase claims from a financial intermediary rather than directly purchasing claims in capital markets because of several reasons.  

The financial intermediaries such as commercial banks, mutual funds, insurance companies, pension funds, etc. are more diversified than individual investors. They provide a number of options for borrowing and lending.  

These intermediaries work on a larger scale than an individual investor. They are thus able to reap the advantages of economies of scale which an individual investor cannot.

8 0
3 years ago
PLEASE HELP URGENT Use what you know from your reading and explain how the Scopes Trial was a reflection of the 1920s cultural c
saul85 [17]

The trial of John Scopes showed that people were beginning to get tired of oppression even if it meant that the oppression was legal. One could say that his trial was the beginning of shifts in social paradigms.

<h3>What was the scopes trial about?</h3>

The Scopes Trial, which is also referred to by historians as the Scopes Monkey Trial, was the prosecution of  John Scopes, a science teacher in 1925, for teaching about evolution in a Tennessee public school.

John Scope was protected because a recent bill had such teaching or topics illegal.

Learn more about The scopes trial at:
brainly.com/question/3434522

8 0
1 year ago
5. Todd has his home and personal property insured under a Homeowners 3 (special form) policy. The dwelling is insured for $120,
Fantom [35]

Answer:

Explanation:

a). The highest point of the house was hurt. It will be made sure about under Part A . The most outrageous proportion of game plan is $120,000. The cash estimation of hardship is $10,000. In this manner, the dollar whole receivable for adversity is $10,000.  

b). The damage of window of the parlor will be made sure about under Part A course of action. The cash estimation of the damages is $400. From this time forward, the dollar proportion of mishap payable is $400.  

c). The damages on account of impact of water radiator will be made sure about under Part C, singular property hurt. The most outrageous proportion of hardship will be half of inclusion A. The most extraordinary proportion of consideration will be $60,000 (half of $120,000). In any case, the genuine cash estimation of the incident is $2,000. In this way, the dollar proportion of setback will be $2,000

3 0
3 years ago
Read 2 more answers
X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and ac
Zina [86]

Answer:

Explanation:

Overhead allocated to Product X = Department A overhead cost+ Department B overhead cost

=  $51,157.84+$5755.62=

= $56,913

Calculations:

Using a single-driver allocation system, with direct labor hours as the driver, how much overhead was allocated to Product X:

Department A's Overhead rate per labor hour = Overhead costs/Total direct labor hours  = $4300000/60000 hours = $71.66 per hour

Overhead (Department A) = $71.66per hour*724 labor hours

= $51,157.84

Department B's Overhead rate per labor hour = Overhead costs/Total direct labor hours  = $2200000/60000 hours = $36.66 per hour

Overhead (Department A) = $36.66 per hour*157 labor hours

= $5755.62

6 0
3 years ago
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