The coding system that is used primarily for reporting diagnoses for hospital inpatients is known as:

Knowledge Check 01 The standard quantity per unit defines the ________. multiple choice price that should be paid for each unit

cricket20 [7]

Answer:

amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage.

Explanation:

Standard quantity per unit is defined as materials that the manufacturer needs to complete a unit of a product. It also allows for inefficiencies such as spoilage and scrap.

It is used by managers to reduce wastage that exists during production by allocation of only the required amount of direct materials in the production process.

5 0

3 years ago

Stock Y has a beta of 1.6 and an expected return of 16.6 percent. Stock Z has a beta of 0.8 and an expected return of 9.4 percen

USPshnik [31]

Answer:

Stock Y is undervalued and Stock Z is overvalued

Explanation:

The Required return on Stock Y = Risk free Rate + BetaY * Market Premium = 5.1% + 1.6%* 6.6% = 15.66%

Expected Return on Y = 16.6%

Here, the Expected return > Required return, the stock is undervalued

Reward to risk Ratio = (Expected return - Risk free rate) / Beta. For Y, Reward to risk = (0.166 - 0.051)/1.6 = 0.115/1.6 = 0.0719 = 7.19%

Required return on Stock Z = Risk free Rate + BetaZ * Market Premium = 5.1 + 0.8 * 6.6 = 10.38%

Expected Return on Z = 9.4%

Here, the Expected return < Required return, the stock is overvalued.

Reward to risk Ratio = (Expected return - Risk free rate) / Beta. For Z, Reward to risk = (0.094 - 0.051)/0.8 = 0.043/0.8= 0.0538 = 5.38%

<em>SML Reward to Risk = 0.066 = 6.6%</em>

Reward to Risk for Y > than SML Reward to Risk, then stock Y is undervalued.

Reward to RIsk for Z > than SML Reward to Risk, then stock Z is overvalued.

8 0

3 years ago

On January 1, 2016, Miller Corporation had retained earnings of $8,000,000. During 2016, Miller reported net income of $1,500,00

Papessa [141]

Answer:

Miller's retained earnings on December 31, 2016 is $9,000,000.

Explanation:

Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends

= $8,000,000 + $1,500,000 - $500,000

= $ 9,000,000

Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.

4 0

3 years ago

Worldwide Minerals Inc. wants to expand into the international market. It does not want to spend a very large amount of money fo

slavikrds [6]

Answer: Option A

Explanation: In simple words, joint ventures refers to the business arrangement under which two or more independent parties join their operation for the purpose of doing business more effectively.

Worldwide can go for joint venture as it would be less costly then mergers and acquisitions since they have to buy a part of the entity also they can control the entity as per their share in it.

8 0

3 years ago

When there are a large number of relatively small account balances, negative confirmation of accounts receivable is feasible if

sveta [45]

Answer:

The correct option is D

Explanation:

When there are huge number of the small account balances, then the negative confirmation of the accounts receivable is practical or feasible which is issued by an auditor to the customers of client company and if the combination of the control as well as the inherent risk is low and the individuals who receives the confirmation requests which provide them sufficient consideration.

5 0

3 years ago