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2 years ago

If you visited a doctor and the total cost of the visit was $50, but you had a $15

Business

1 answer:

Vinvika [58]2 years ago

7 0

Answer: $15

Explanation:

A copayment or copay simply refers to a fixed amount that is paid by a patient for a covered service, before the patient will receive service. It is an insurance policy which someone who's insured will pay whenever he or she access a medical service.

In this case, since the patient has a copay of $15, then the patient will have to pay $15.

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An additional worker is hired for an hour at a wage w = $12. the worker produces 4 hamburgers per hour with a price of $3 per ha

Lelechka [254]

The real wage paid to the worker is 4 hamburgers per hour.

A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame.
The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.
Regular and supplemental pay can be divided into two groups.
The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.

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3 0

1 year ago

3. The store purchases used goods for resale from people that bring items to the store. Since that can occur anytime that the st

Dafna11 [192]

Answer:

Weakness 1 is signed paper are not stored in safe and secured location.

Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.

Explanation:

The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.

3 0

2 years ago

On January 1, Alan King decided to deposit $ 58,800 in a savings account that will provide funds four years later to send his so

Svet_ta [14]

The amount 'a' available after 'n' years of a sum 'p' saved now at a rate of interest 'r' is

a= p(1+r)^n

For our case a = 58,800 (1+0.08)^4 = 58,800 x 1.36 = 79,997.

The journal entry to be made on January 1 is

Date Account Debit Credit

Jan.1 Deposit account 58,800

Cash 58,800

(To record deposit made in a savings account)

3. Total interest for four years = Amount available after <u>four years</u> - Initial deposit = $79,997 - $58,800 = $21,297

Interest is the financial charge for the privilege of borrowing money, usually expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money.

An Interest rate tells you how high the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest rate is the amount you're charged for borrowing money, shown as a percentage of the total amount of the loan.

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4 0

1 year ago

San Antonio Chair Inc. has direct labor cost standard of $14 per direct labor hour and an efficiency standard of 6 hours per cha

balandron [24]

Answer:

Total direct labor variance= $960 favorable

Explanation:

Giving the following information:

We will separate the direct labor cost variance in rate and quantity variance. <u>To calculate the direct labor rate and quantity variance, we need to use the following formulas:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (30*6 - 130)*14

Direct labor time (efficiency) variance= $700 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14 - 12)*130

Direct labor rate variance= $260 favorable

Actual rate= 1,560/130= $12

Total direct labor variance= 700 + 260

Total direct labor variance= $960 favorable

6 0

3 years ago

The set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic d

Solnce55 [7]

Answer:

Governance

Explanation:

Governance -

In an organisation , the task done by the member like the monitoring the proper implementation of the policy , the establishment of the policies , is known as governance .

Which includes ,

a method to equalize the power of all the members and the main function is to increase the viability and prosperity of an organisation .

Hence , from the information of the question ,

The correct term according to the given statement is governance .

7 0

2 years ago