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1 year ago

How much money is wasted on fraudulent health products each year.

Business

1 answer:

Lubov Fominskaja [6]1 year ago

8 0

Answer:

60 billion

Explanation:

This might help you: The National Health Care Anti-fraud Association (NHCAA) conservatively estimates that 3 percent of all health care spending, or $60 billion, is lost to health care fraud.

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The use of a variety of marketing channels to ensure maximum distribution is best called _______.

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2 years ago

A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, v

lions [1.4K]

Answer:

$368,000

Explanation:

In order to appraise the property using the capitalization approach, we must first determine a net cash flow:

net cash flow = $48,000 - $3,600 - $15,000 = $29,400

Now we calculate the property value using the perpetuity formula:

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A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded up to the nearest $1,000)?

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2 years ago

Capable Golf Cart, Inc. (CGC) manufactures two models of golf cart: LX and EX. The budget data for next month is available. LX E

Nuetrik [128]

Solution :

1. Allocation on the basis of $\text{Direct labor hours}$

LX EX

Direct Material 125000 90000

Direct $\text{labor}$ cost 90000 60000

Manufacturing overhead $81000$ $121500$

(202500/5000 x 2000) (202500/5000 x 3000)

Total cost 296000 271500

Units produced 50 30

Cost per unit 5920 9050

2. Allocation on the basis of $\text{Direct labor costs}$ :

LX EX

Direct Material 125000 90000

Direct labor cost 90000 60000

Manufacturing overhead 121500 81000

(202500/150000 x 90000) (202500/150000 x 60000)

Total cost 336500 231000

Units produced 50 30

Cost per unit 6730 7700

3. Allocation on the basis of $\text{machine hours}$

LX EX

Direct Material 125000 90000

Direct labor cost 90000 60000

Manufacturing overhead 112500 90000

(202500/2700 x 1500) (202500/2700 x 1200)

Total cost 327500 240000

Units produced 50 30

Cost per unit 6550 8000

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2 years ago

On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $470,000 of 8% bonds, d

Marat540 [252]

Answer:

1. January 01, 2021

Dr Cash 513,221

Cr Premium on Bonds Payable 43,221

Cr Bonds Payable 470,000

2. June 30, 2021

Dr Interest Expense 17,963

Dr Premium on Bonds Payable 837

Cr Cash 18,800

3 December 31, 2021

Dr Interest Expense 17,933

Dr Premium on Bonds Payable 867

Cr Cash 18,800

Explanation:

1. Preparation of the journal entry Record the bond issue on January 1, 2021

January 01, 2021

Dr Cash 513,221

Cr Premium on Bonds Payable 43,221

(513,221-470,000)

Cr Bonds Payable 470,000

(To Record the bond issue )

2. Preparation of the journal entry to record the first two semiannual interest payments

June 30, 2021

Dr Interest Expense 17,963

(513,221*7%*6/12)

Dr Premium on Bonds Payable 837

(18,800-17,963)

Cr Cash 18,800

(470000*8%*6/12)

(To record first two semiannual interest payments)

3.Preparation of the journal entry to record the first two semiannual interest payments

December 31, 2021

Dr Interest Expense 17,933

(513,221*7%*6/12)

Dr Premium on Bonds Payable 867

(18,800-17,963)

Cr Cash 18,800

(470000*8%*6/12)

(To record first two semiannual interest payments)

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2 years ago

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