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Pie
3 years ago
5

A hospital arranges with a third-party payer to charge the third party 85 percent of its established billing rates. During Janua

ry, the hospital provided services amounting to $2.0 million at the established billing rates. Prepare journal entries to record the January billings.
Business
1 answer:
Airida [17]3 years ago
7 0

The journal entries to record the January billings of the hospital are as follows:

Debit Accounts Receivable $1,700,000

Debit Finance Charge $300,000

Credit Service Revenue $2,000,000

  • To record the services provided.

Data Analysis:

Accounts Receivable $1,700,000 ($2,000,000 x 85%) Finance Charge $300,000 Service Revenue $2,000,000

Thus, the hospital will split the billing for January into two: the <em>amount it will receive</em> and the finance charge for using the third-party payer.

Learn more: brainly.com/question/25364507

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Answer:

True

Explanation:

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3 years ago
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Claudia and Dayson are upper-level managers working for the same company, but they are located in different countries and come f
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The correct answer is B) ) Dayson is from a high-context culture, and Claudia is from a low-context culture.

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The term "high-context culture" is used to refer to cultures in which implicit communication, nonverbal elements, and context are important factors of communication. This implies many words and expressions in these cultures do not have a literal meaning. According to this, it is likely Dayson is from a high-context culture, considering he focused on the implicit message in Jorge's words rather than considering the message was literal.

On the other hand, in "low-context culture" elements such as implicit meaning or context are not frequently used, this means, most communication is literal and explicit. This shows Claudia is from a low-context culture because rather than thinking Jorge's answer was just a formalism or irony, she interpreted the message literally.

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3 years ago
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