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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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Coronado Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $157,000, and purchases for January thr
soldi70 [24.7K]

Answer:

$237,855

Explanation:

Opening inventory = $157,000

Purchases = $502,900

Sales revenue = $649,300

gross profit = 35% of sales

                   = 35% × $649,300

                   = $227,255

cost of goods sold = $649,300 - $227,255

                               = $422,045

Opening inventory + purchases - cost of goods sold = closing inventory

$157,000 + $502,900 - $422,045 = closing inventory

closing inventory = $237,855

An estimate of Coronado’s April 30 inventory that was destroyed by fire is $237,855

8 0
4 years ago
If a firm decides it is in the best interest to collaborate on a development project, how would you recommend the firm choose a
Ahat [919]

Answer:

We live in a related world more so now than any time in recent memory before.In this scenery no business can have all the assets to take an interest completely in the worldwide commercial center without key unions, coordinated efforts and organizations.  

Effective endeavors are continually searching for assets to ceaselessly enhance their ebb and flow tasks and have the accepted procedures to stay ahead in the race.  

Joint effort is a vehicle to supplement the assets of an association and addition abilities to meet certain all around characterized targets. The substance might be deficient with regards to specific assets like money related quality, aptitudes and deliberately it might not have any desire to put resources into their zones of "shortcoming" for some an explanation.  

The firm might need to investigate for an imminent accomplice from its realized business system to begin with. Business and informal communities can furnish leads by taking part in conversations with them. Different zones for prospecting could be from the databases of mechanical improvement offices. Tried and true outsider specialist co-ops - offices right now be locked in to discover reasonable possibilities.  

By the day's end, organizations are about connections. Common regard for one another and shared qualities are important to have an effective organization to meet every others key business targets through such a joint effort. Essentially each ought to be expertly dedicated to such a dare to guarantee goals are met in soul and word.  

The Collaboration ought to be reported in an itemized way that would show the particular jobs of the separate gatherings.  

The manual should record governing rules for taking an interest accomplices to assume out their jobs genuinely.  

Key audit gatherings, choices on money related expenses must incorporate the state of both the substances in a reasonable way.  

Occasional outsider reviews of tasks ought to be a fundamental part of the manual.

3 0
3 years ago
Kurt is a professional golfer, who use to work as an engineer. Aside from the money he enjoys both jobs equally. He earned $80,0
Irina-Kira [14]

Answer:Economic rent-$320,000

Opportunity Cost-80,000

Explanation:

Economic rent is the extra amount or addition earned by a production resource here and in this context,Mr Kurt is the resource.In this scenario,the extra amount he earned as a professional golfer having quit engineering for it and thus had a step-up(addition) of $320,000.

While the opportunity cost which known as the alternative forgone in order in favour of another alternative in a decision process here is $80,000.In this case,he had to forego engineering job($80,000) and therefore concentrate on professional golfing which paid him more(400,000) not omitting the fact that he could have engaged in the two jobs at same time.

3 0
4 years ago
Assume you are the CEO of Black Diamond, a global organization. You need to assemble members for new project team that is based
Andreyy89

Answer:

culturally similar

Explanation:

In this case, you might seek to put people on the project who are from a culturally similar country. These types of countries share the same cultural backgrounds and therefore individual's from these countries usually have the same beliefs, ideas, habits, etc. This similarity allows these individuals to easily bond and work together easily. Ultimately, this would be the best option for a group project since it will drastically increase efficiency if the members are able to work together more fluently.

8 0
3 years ago
To make sure that you do not get too tired when typing for long periods, how often should you get up and stretch? Every 15 minut
andrey2020 [161]
I would say about every 30 minutes, because if not then you would have poor posture, and back problems.
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