Answer:
The best choice for the United States would be a system in which everyone is covered by insurance, where a public robust option exists, but where there are also private options that can become spcialized in less essential care like comestic plastic surgery, or cosmetic dental care.
For this system to work better and to reduce the high spending in healthcare as percentage of GDP, many managerial jobs in the insurance industry should be cut, and only those that are essential should be kept.
The private options should be kept under a more rigid oversight so that they do not overcharge their users for services or prescription drugs.
Finally, the public option should be robust, insurance every person who cannot afford private insurance, and the government should make sure that it is well-funded.
Answer:
Services provided by Spafford to the clients.
On May 1,
A client prepaid Spafford Services $71,000 for 6-months services in advance.
The Journal entry is as follows:
Cash A/c …………………………………………Dr. $71,000
To Unearned Management Fees A/c $71,000
(To record the services provided to client in advance)
Answer: See explanation
Explanation:
a. Calculate the predetermined overhead rate Overhead Rate per hour
Predetermined Overhead rate will be the estimated total manufacturing overhead divided by the estimated total direct labor hours. This will be:
= $ 921,600/51,200
= $ 18
(b) Calculate how much manufacturing overhead will be applied to production
Manufacturing overhead that'll be applied to production will be the predetermined overhead rate multiplied by the actual total direct labor hours. This will be:
= $ 18 × 48,900 direct labor hours
= $ 880,200
(c) Is overhead over- or underapplied? By how much?
The Actual Overhead Incurred = $902,900 while the manufacturing overhead applied = $880,200. This shows that overhead is underapplied due to the fact that manufacturing overhead applied is less than the actual overhead that is incurred.
Therefore, the amount of overhead that was underapplied will be:
= $ 902,900 - $ 880,200
= $ 22,700
(d) What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased?
Based on the scenario in the question and the answers calculated, the cost of goods sold should be increased.
The ROI calculation will indicate (C) how effectively a company used its invested capital.
<h3>
What is ROI?</h3>
- Return on investment, often known as return on costs, is a ratio of net income to investors.
- A high ROI indicates that the benefits of the investment outweigh the costs.
- ROI is used as a performance indicator to evaluate the efficiency of an investment or to compare the efficiencies of several investments.
<h3>What is ROI calculation?</h3>
- A computation that compares the monetary value of an investment against its cost.
- (profit minus cost) / cost is the ROI formula.
- If you earned $10,000 from a $1,000 investment, your return on investment (ROI) would be 0.9, or 90%.
- This is commonly obtained by using an investment calculator.
- The ROI calculation will show how well a business utilizes its invested capital.
As the description says, the ROI calculation will show how well a business utilizes its invested capital.
Therefore, the ROI calculation will indicate (C) how effectively a company used its invested capital.
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Complete question:
The ROI calculation will indicate:
A. the percentage of each sales dollar that is invested in assets.
B. the sales dollars generated from each dollar of income.
C. how effectively a company used its invested capital.
D. the invested capital generated from each dollar of income.
E. the overall quality of a company's earnings.
Answer:
The answer is: Ashley needs to collect information from the budgeted income statement, cash budget and capital expenditure budget.
Explanation:
The budgeted income statement is the forecast of next year's income statement.
The cash budget includes all the company's expected cash inflows and outflows estimating cash receipts and cash payments.
The capital expenditure budget includes all the money the company expects to invest in purchasing new long term assets or improving and maintaining existing long term assets.