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Mariulka [41]
3 years ago
9

When you ask the controller to look into federal reimbursements to see if he can find the cause of the reduction, how might he r

espond? (Select all that apply) Federal reimbursements are not part of the revenue cycle, the problem lies in revenue. Since federal reimbursements are part of the revenue cycle, we might find the problem there. The problem lies in revenue so it’s possible that charges are not being generated. The problem lies in revenue so there could be a problem in claims.
Business
1 answer:
Ratling [72]3 years ago
7 0

Answer:

Federal reimbursements are not part of the revenue cycle, the problem lies in revenue.

The problem lies in revenue so its possible that charges are not being generated.

Explanation:

Federal reimbursements are not revenue. These reimbursements are treated separately other than revenue. The charges are not generated because federal funds are not part of revenue cycle.

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Firm X purchased a piece of equipment exactly 6 years ago. The piece of equipment had a purchase price of $ 5,726,489 , a salvag
In-s [12.5K]

Answer:

Book value= 4357882

Explanation:

Giving the following information:

Purchase price= $5,726,489

Useful life= 24 years

Salvage value= $252,069

<u>To calculate the book value, we need to determine the accumulated depreciation. We will use the straight-line method to calculate the annual depreciation:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (5,726,489 - 252,069)/24

Annual depreciation= $228,101.25

<u>Now, the accumulated depreciation:</u>

Accumulated depreciation= 228,101.25*6= $1,368,607.5

<u>Finally, the book value:</u>

Book value= purchase price - accumulated depreciation

Book value= 5,726,489 - 1,368,607.5

Book value= $4,357,881.5

7 0
3 years ago
On May 1, 20Y6, Stanton Company purchased $100,000 of Harris Company's 12% bonds at 100 plus accrued interest of $4,000. On June
Blababa [14]

Answer:

b. credit to Gain on Sale of Investments for $2,400.

Explanation:

May 1, 20Y6

Purchase price of Bond = $100

Number of Bond Purchased = $100,000 / 100 = 1,000 per bond

February 1, 20Y7

Sale Price of Bond = $103 per Bond

Gain on Sale = $103 - $100 = $3 per bond

Number of Bond Sold = $80,000 / 100 = 800 bonds

Gain on sold bonds = 800 bonds x $3 per bond = $2,400

Journal Entry Will be as follows:

                                    Dr.       Cr.

Cash (800 x 103)   $82,400

Gain on sale                         $2,400

Investment in Bond             $80,000

3 0
3 years ago
How to choose a business name<br>​
LiRa [457]

1. Be descriptive but not too general or vague. Don't choose a name that is too vague or too meaningful.

2. Use related words in a creative way.

3. Keep it simple.

4. Don't copy your competitors.

5. Avoid using your own name.

6. Choose a name that's scalable.

7. Make sure you have a related domain.
4 0
4 years ago
Read 2 more answers
Commercial paper. ​ Criss-Cross Manufacturers will issue commercial paper for a​ short-term cash inflow. ​ Criss-Cross must rais
Olenka [21]

Answer:

Proceeds from Commercial paper $48,035.92

Discount rate on commercial paper 3.93%

Explanation:

Calculation to determine the proceeds from each​paper

First step is to calculate 182 days rate

182 days rate = 0.082 * 182/365

182 days rate= 0.040887671

Now let calculate the Proceeds from Commercial paper using this formula

Proceeds from Commercial paper = Par value * 1/(1+i for time of issue)

Let plug in the formula

Proceeds from Commercial paper =$50,000 *1/(1+0.040887671)

Proceeds from Commercial paper=$48,035.92

Therefore The proceeds from commercial paper is $48,035.92

Calculation to determine the discount rate on the commercial​paper

First step is to calculate the Discount

Discount = $50,000-$48035.92

Discount=$1,964.02

Now let calculate the Discount rate on commercial paper

Discount rate on commercial paper =$1964.02./50000

Discount rate on commercial paper = 0.039282*100

Discount rate on commercial paper= 3.93%

Therefore the Discount rate on commercial paper is 3.93%

6 0
3 years ago
Choose a real or made up example of a company, and describe at least three fixed costs the company has. (1-3 sentences. 1.5 poin
goldenfox [79]

Answer:

Let us take ABC Company, a manufacturing company to be our example company in discussing the fixed costs. Fixed costs are costs that remain constant for a given period of time regardless of changes in volume. The ABC Company’s fix costs includes the rent, insurance on property, and depreciation on machinery and equipment.

The rent is a fixed cost because it has a fixed amount which is to be paid every month. And the insurance on property is a fixed costs since the amount of the insurance that the company pays every month is already fixed and cannot be changed. The depreciation on machinery and equipment is also a fixed costs because the amount of depreciation is already computed and allocated every year to be expended and recorded at fixed cost.

5 0
3 years ago
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