A cost that changes in total in proportion to changes in volume of activity is a(n): Multiple Choice Variable cost. 0 Differential cost 0 Incremental cost. 0 Product cost 0 Fixed cost
Answers
A cost that changes in total in proportion to changes in volume of activity is a option a)variable cost.
Variable cost refers to the direct cost of generating goods or providing services that varies in proportion to a company's output level or business activity. This means that variable costs fluctuate as a result of changes in output levels or business activity. This cost is calculated on a per-unit basis, which means that the cost per unit varies with the number of units produced. Labor, raw materials, and direct expenses, such as utilities, are all examples of variable costs. Variable expenses also include costs like variable overhead, variable material costs, variable labor costs, and variable direct material costs. It's usually computed on a per-unit basis.
To learn more about variable costs, visit:
https://brainly.com/question/17742788
#SPJ11
Related Questions
What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answers
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
Smith and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. The firm's current after-tax cost of debt is 6 percent, and it can sell as much debt as it wishes at this rate. The firm's cost of preferred stock is 11 percent and its cost of retained earnings is 14 percent. The firm expects to generate $15,000 in retained earnings this year. Compute the weighted average cost of capital (WACC) break point associated with issuing new common stock
Answers
Answer: $30,000
Explanation:
The weighted average cost of capital (WACC) break point that is associated with the issuing of the new common stock will be:
= Earnings retain / Percent of common equity in capital structure
= $15000 / 50%
= $15000/0.5
= $30,000
The optimal capital structure can be found at:
where the corporate cost of capital is maximized
100% debt
100% equity
where the corporate cost of capital is minimized
W
Answers
The correct option to the given question is "where the corporate cost of capital is minimized". Optimal capital structure is a combination of debt, equity, and hybrid securities that has the lowest cost of capital and maximizes the company's value.
In an optimal capital structure, the corporate cost of capital is minimized. When a company finances its operations and investments through a capital structure that minimizes the overall cost of capital, the company can operate more efficiently, invest more strategically, and increase its value.
A firm can determine the optimal capital structure through analyzing various debt and equity financing options and evaluating the cost and risks associated with each option.
To know more about Optimal capital structure visit:-
https://brainly.com/question/30426141
#SPJ11
digby's elite product dart has an awareness of 72%. digby's dart product manager for the elite segment is determined to have more awareness for dart than andrews' elite product abby. she knows that the first $1m in promotion generates 22% new awareness, the second million adds 23% more and the third million adds another 5%. she also knows one-third of dart's existing awareness is lost every year. assuming that abby's awareness stays the same next year (77%), out of the promotion budgets below, what is the minimum digby's elite product manager should spend in promotion to earn more awareness than andrews' abby product?
Answers
The minimum promotion budget Digby's Dart product manager should spend to earn more awareness than Andrews' Abby product is $3 million.
Given that Digby's Dart currently has an awareness of 72% and loses one-third of its existing awareness every year, the awareness level after one year would be: 72% - (1/3) × 72% = 48%
To surpass Andrews' Abby product, Digby's Dart needs to have a higher awareness level than Abby's current awareness of 77%.
Now let's calculate the additional awareness that Digby's Dart can gain through promotions:
The first $1 million promotion generates 22% new awareness.
The second $1 million promotion adds 23% more awareness.
The third $1 million promotion adds another 5% awareness.
To find the minimum promotion budget, we need to determine the cumulative awareness gained by spending different amounts. We'll start with a budget of $1 million and increase it until the cumulative awareness surpasses 77%.
1st $1 million promotion: 22% new awareness
2nd $1 million promotion: 23% × 72% = 16.56% (since it's based on the remaining awareness after the first promotion)
3rd $1 million promotion: 5% × 55.44% (remaining awareness after the first two promotions) = 2.772%
Total awareness gained after spending $3 million:
72% + 22% + 16.56% + 2.772% = 113.332%
Since the total awareness gained exceeds 100%, we can see that spending $3 million is sufficient to surpass Andrews' Abby product's awareness level.
Therefore, the minimum promotion budget Digby's Dart product manager should spend to earn more awareness than Andrews' Abby product is $3 million.
To learn more about product manager
https://brainly.com/question/30840504
#SPJ11
Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answers
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
Previous
4
Next
Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
Reset
Next
Answers
Answer: A. employees will be more able to handle increasing responsibilities.
Explanation:
Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.
Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.
According to scott, the coo of barcelona restaurant group, employees are given the opportunity and freedom to achieve organizational goals through a variety of different approaches, tasks, and decisions, based on the situation. this is most consistent with the:
Answers
Complete Question:
According to Scott, the COO of Barcelona Restaurant Group, employees are given the opportunity and freedom to achieve organizational goals through a variety of different approaches, tasks, and decisions, based on the situation. This is most consistent with the:
Group of answer choices
A. Systems approach to management.
B. Behavioral perspective of management.
C. Classical perspective of management.
D. Contingency approach to management.
Answer:
D. Contingency approach to management.
Explanation:
According to scott, the coo of barcelona restaurant group, employees are given the opportunity and freedom to achieve organizational goals through a variety of different approaches, tasks, and decisions. Based on the situation, this is most consistent with the contingency approach to management.
A contingency approach to management is based on the theory or premise that, there are no universal or single management theories. Thus, management theories should not be dependent on one single approach and as such the most effective management theory depends on the situation, kind of problems that the various organizations or managers are facing at a specific period of time and place.
Hence, in the contingency approach to management; the effectiveness of management is based on the situation and the management behaviors that is most appropriate.
Answer:
contingency approach to management.
Explanation:
This is most consistent with the contingency approach to management. The contingency approach to management clearly states that there are no universal management theories and that the most effective management theory or idea depends on the kinds of problems or situations that managers or organizations are facing at a particular time and place.
Which of the follow is NOT a good place to gather and evaluate investment options?
a Social Media
b Newspapers and magazines
c Brokers and advisers
d Company financial reports
Answers
Entrepreneurship starts with and revolves around
Select an answer from the options below.
A
out-sourcing
B
• the supply chain
с
an opportunity
D
compliance
Answers
Assume Avaya contracted to provide a customer with Internet infrastructure for $2,000,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below:
2024 2025
Costs incurred during the year $ 300,000 $ 1,575,000
Estimated costs to complete as of 12/31 1,200,000 0
Billings during the year 380,000 1,620,000
Cash collections during the year 250,000 1,750,000
Answers
The revenue recognition principle guides the timing and matching of revenue and expenses. Avaya recorded the revenue and corresponding expenses based on the costs incurred and billings made in each year. Journal entries are used to record these transactions and ensure accurate financial reporting.
Based on the information provided in the table, we can analyze the conclusions for each year:
In 2024, Avaya incurred $300,000 in costs but only billed the customer $380,000. The $80,000 difference represents revenue that is yet to be collected and is classified as a receivable. Since the costs to complete as of December 31, 2024, amount to $1,200,000, which is greater than the billings, Avaya must recognize a loss on the contract. The loss on the contract is calculated as $1,200,000 - $1,180,000, resulting in a loss of $20,000.
In 2025, Avaya incurred $1,575,000 in costs and billed the customer $1,620,000, leaving a receivable balance of $45,000. All costs associated with the contract have been incurred, indicating that no costs can be carried forward. Consequently, Avaya will record $400,000 as revenue in 2025 ($2,000,000 - $1,600,000). Avaya is expected to collect $1,750,000 in cash, leaving a remaining balance of $45,000 in accounts receivable.
To record these transactions, the following journal entries are made:
Journal entries for 2024:
- Debit Contract Receivable: $80,000
- Credit Contract Revenue: $380,000
- Debit Contract Costs: $300,000
- Credit Accounts Payable: $300,000
Journal entry for 2024 loss:
- Debit Contract Loss: $20,000
- Credit Contract Reserve: $20,000
Journal entries for 2025:
- Debit Contract Receivable: $45,000
- Credit Contract Revenue: $1,620,000
- Debit Cash: $1,750,000
- Credit Contract Receivable: $1,750,000
To record the remaining revenue, the following journal entry is made:
- Debit Contract Receivable: $45,000
- Credit Contract Revenue: $400,000
In conclusion, the revenue recognition principle guides the timing and matching of revenue and expenses. Avaya recorded the revenue and corresponding expenses based on the costs incurred and billings made in each year. Journal entries are used to record these transactions and ensure accurate financial reporting.
To know more about costs incurred click here:
https://brainly.com/question/14832095
#SPJ11
A factory is considered what type of resource?
land
labor
physical capital
human capital
Answers
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
For more question on infrastructure visit:
https://brainly.com/question/28033600
#SPJ8
2. Jen
net income of $800. His fixed monthly expenses consist of $150 for rent
He currently pars $80 each month for a credit card bill, and now he wants to buy a car.
What does Jesse have left in his budget for a car payment to stay within his safe debt load?
Answers
Jesse, have left in his budget for a car payment to stay within his safe debt load $0.
What is budget?
A “budget” is a plan or statement of the amount of money spent each month to pay for living expenses or for a specific purpose.
According to the budget for a car payment are:
Jen net income of $800.
$150 for rent
currently pars $80
The debt load = ?
$800 x 10% = $80
$80 - $80 = $0
$0
As a result, they have left in his budget for a car amount to stay within his safe debt load $0.
Learn more about on budget, here:
https://brainly.com/question/15683430
#SPJ1
"
the purpose of SHRM is also to develop and maintain an
organisational culture that is progressive and conducive to
business needs"
Elaborate on the relationship between SHRM and culture. 25
marks
Answers
Strategic Human Resource Management (SHRM) plays a vital role in shaping and maintaining the organizational culture of a company. The relationship between SHRM and culture is reciprocal and interconnected, as they both influence and impact each other in various ways.
1. Culture as a Driver of SHRM:
Culture shapes the values, beliefs, norms, and behaviors within an organization. These cultural elements directly impact the strategic decisions made by HR professionals.Organizational culture sets the tone for HR policies, practices, and programs. It influences the design of recruitment processes, performance management systems, training and development initiatives, and employee engagement strategies.HR professionals need to align their strategic decisions with the existing culture to ensure coherence and consistency within the organization.2. SHRM as a Shaper of Culture:
SHRM actively contributes to developing and maintaining the desired organizational culture. It establishes HR policies and practices that promote the desired cultural values.HR professionals design and implement initiatives to reinforce the desired culture, such as employee recognition programs, leadership development programs, and diversity and inclusion initiatives.Through effective talent management, SHRM ensures that individuals who align with the desired culture are recruited, developed, and retained within the organization.3. Impact on Business Needs:
SHRM and culture work together to create an organizational environment that is progressive and conducive to business needs.A strong culture aligned with strategic goals and values can enhance employee engagement, productivity, and satisfaction, leading to improved business performance.SHRM practices that reinforce the desired culture help attract and retain talent that fits well within the organization, contributing to the achievement of business objectives.Learn more about SHRM here:
https://brainly.com/question/32738719
#SPJ4
One of the core conceptual models we have considered this semester is Butler’s Destination Lifecycle. With reference to a tourism destination of your choice describe two reasons why it is sometimes difficult to determine a critical carrying capacity threshold.
Answers
However, the concept of carrying capacity is not always well defined or well understood. Some researchers define carrying capacity as the number of tourists that a destination can accommodate without causing environmental degradation,
One of the core conceptual models that are considered in tourism is Butler’s Destination Lifecycle. In relation to a tourism destination of your choice, there are two reasons why it is sometimes difficult to determine a critical carrying capacity threshold. These reasons are conceptual.The first reason is that carrying capacity is a conceptual term that is often difficult to determine. The carrying capacity of a destination depends on a range of factors such as the characteristics of the destination, the type of tourists that visit, and the tourist’s behavior. It is often difficult to determine the carrying capacity of a destination because of the complexity of these factors. The carrying capacity of a destination is not fixed; it can change over time due to changes in the destination’s environment.The second reason why it is sometimes difficult to determine a critical carrying capacity threshold is that carrying capacity is sometimes difficult to describe.
learn more about accommodate here;
https://brainly.com/question/14215090?
#SPJ11
5 objectives of an entrepreneur.
Answers
Answer:
Explanation:
An entrepreneur is a person that sets up a business for the aim of making profits and of social benefits to the society . An entrepreneur bears the risks and rewards alone.
The five objectives of an entrepreneur are listed as below.
1) Profit making: This is one of the primary objectives of an entrepreneur and it is a basis on which some other objectives are built , being a source of cash generating to achieve other objectives.
2)Acquiring the right talents and skills ; An entrepreneur will like to have the right skills and talent in his team for efficiency , effective and economy purposes.
3)Growth ; An entrepreneur aims at growth as the level of profit generated is directly related to the growth attained. The higher the growth, the higher the profit.
4)Sustainability : Another goal is sustainability . He will work towards maintaining his position in the market to ensure going concern . Every business is confronted with competition which can take a business down if not well managed.
5)Online positioning : Taking advantages of online opportunities is critical to success in businesses. He will like to leverage on online opportunities for growth and sustainability.
________________ economists place an emphasis on __________ run economic performance.
A. Phillips; short
B. Keynesian; long
C. Neoclassical; long
D. Says; short
Answers
The performance of the economy in the short term is emphasized by Phillips economists.
What is the Phillips curve in economics?Since neoclassical economists think that long-term growth will ultimately determine the standard of living and that recessions will eventually pass in a few years, they tend to place a relatively greater emphasis on long-term growth than on fighting them.
An economic concept known as the Phillips curve explains the connection between inflation, or how much prices are rising year over year, and the level of unemployment experienced nationwide.
The Phillips curve shows how the rate of unemployment and inflation interact. In the long run, there is no constant trade-off between inflation and unemployment, as shown by the vertical long-run Phillips curve.
Therefore, the correct answer is option A. Phillips; short.
To learn more about Phillips curve refer to:
https://brainly.com/question/28005556
#SPJ1
A defensive stock:
a) is part of the manufacturing sector that sells to the Department of Defense
b) is owned by a company that is currently having a strong downturn
c) Is the type of stock that holds a steady value, such as an insurance company
d) Has a small market capitalization
Answers
Explain why the disturbance term is included in an econometric relationship. State the assumptions made with regard to the disturbance term in the classical linear regression model (CLRM). Briefly, explain the meaning for each of these assumptions. Why are these assumptions made?
Answers
The disturbance term, also known as the error term, is included in an econometric relationship to account for the fact that the relationship between the dependent variable and independent variable(s) is not perfect.
There are other factors that can influence the dependent variable that are not included in the model, and the disturbance term captures the effect of these unobserved factors.
The assumptions made with regard to the disturbance term in the CLRM are as follows:
1. The disturbance term has a zero mean.
2. The disturbance term is uncorrelated with the independent variable(s).
3. The disturbance term has a constant variance.
4. The disturbance term is normally distributed.
5. The disturbance term is independent across observations.
The first assumption means that the average value of the disturbance term is zero, which implies that the model is correctly specified. The second assumption means that the disturbance term is not related to the independent variable(s), which ensures that the estimates of the coefficients are unbiased.
The third assumption means that the variance of the disturbance term is the same for all observations, which ensures that the estimates of the coefficients are efficient.
The fourth assumption means that the disturbance term follows a normal distribution, which allows us to make statistical inferences about the coefficients.
The fifth assumption means that the disturbance term for one observation is not related to the disturbance term for any other observation, which ensures that the estimates of the coefficients are consistent.
These assumptions are made to ensure that the estimates of the coefficients in the CLRM are unbiased, efficient, and consistent, and that we can make valid statistical inferences about the coefficients.
To learn more about disturbance term:
https://brainly.com/question/29727417#
#SPJ11
True or False Communication is not always a vital skill in the workplace
Answers
Communication is always a vital skill in the workplace. The appropriate response is false.
What is communication?Information exchange is the traditional definition of communication. The expression can be used to describe both the broadcast and the area of study that looks at such transmissions. Information can be given, received, and shared through exchange.
Communication in the workplace is essential since it boosts worker happiness, productivity, and morale. Additionally important is communication for bettering teamwork and cooperation. Individuals, teams, and organizations all perform better when there is effective workplace communication.
Emails and chats you have during the day to request things, ask questions, get information, give or receive instructions, and so on are examples of informal interactions.
In the workplace, communication is a crucial ability.
Hence, the appropriate response is false.
To learn more about communication
https://brainly.com/question/22558440
#SPJ2
True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Answers
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
Learn more about discretionary income here: https://brainly.com/question/17799664
Flash City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. With a 75−cent price increase, demand is expected to fall by 7,000 units. Current Projected Demand 78,000 units 71,000 units Selling price $8.50 $9.25 Incremental cost per unit $5.80 $5.80 Would you recommend the 75−cent price increase?
Answers
Answer:
Flash City Inc is a company manufacturing small flash drives
Current Situation:
Demand = 78,000 Units
Selling price per unit = $8.50
Cost per unit = $5.80
Operating Profit = 78,000 * ($8.50 – $5.80)
Operating Profit = 78,000 * $2.70
Operating Profit = $210,600
Projected Situation:
Demand = 71,000 Units
Selling price per unit = $9.25
Cost per unit = $5.80
Expected Operating Profit = 71,000 * (9.25 – 5.80)
Expected Operating Profit = 71,000 * 3.45
Expected Operating Profit = $244,950
Recommendation: If the selling price price per unit is increase by 0.75 cent, the Operating Profit to realize on manufacturing of the small flash drive will increase by $34,350 ($244,950 - $210,600) although such increment may have an effect of decrease in demand of the Flash drive in market due to increase in price.
Answer:
The $0.75 price increase will result in higher profits.
Explanation:
Current Demand Projected Demand
Units sold 78,000 units 71,000 units
Selling price $8.50 $9.25
Cost per unit $5.80 $5.80
Contribution margin $2.70 $3.45
Gross profit $210,600 $244,950
The price increase will result in gross profit increasing by $34,350. The decrease in the quantity demanded is offset by a larger increase in the contribution margin per unit.
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
PLZ HELP ECON ?!!!!!
Answers
Answer:
Explanation:
you have to decresase it
Answer:
pick b, decreased.
Explanation:
which of the following are the three project variables? group of answer choices time, cost, scope. time, cost, expense. time, expense, requirements. time, cost, quality.
Answers
Scope, time, and cost are the three project variables. One of three factors can constrain a project in a triple constraint's basic configuration.
What is triple constraint?
The triangle used in project management serves as a representation of its limitations. It has been in use since at least the 1950s, however its exact beginnings are unknown. It argues that: The project's budget, time, and scope constrain the work's quality. The project manager has the option to switch between limitations.
According to the "Triple Constraint," cost is a function of scope and time, or that cost, time, and scope are interconnected such that if one changes, the others must follow suit in a clear and predictable manner.
To know more about triple constraint, click here- brainly.com/question/20461026
#SPJ4
Why do you think economists have different belief systems/theories on economics?
Answers
Answer:The principal disagreement among economists is a matter of economic philosophy. There are two major schools of economic thought: Keynesian economics and free-market, or laissez-faire, economics.
Keynesian economists, named after John Maynard Keynes, who first formulated these ideas into an all-encompassing economic theory in the 1930s, believe that a well-functioning and flourishing economy may be created with a combination of the private sector and government help.
By government help, Keynes meant an active monetary and fiscal policy, which works to control the money supply and adjust Federal Reserve interest rates in accordance with changing economic conditions.
By contrast, the free-market economists advocate a government "hands-off" policy, rejecting the theory that government intervention in the economy is beneficial. Free-market economists—and there are many distinguished advocates of this theory, including Nobel Memorial Prize winner Milton Friedman—prefer to let the marketplace sort out any economic problems. That would mean no government bailouts, no government subsidies of business, no government spending explicitly designed to stimulate the economy, and no other efforts by the government to help what the economists believe is the ability of a free economy to regulate itself.
Explanation:
recovery audit contractors are different from other improper payment review contractors because
Answers
Recovery Audit Contractors (RACs) are different from other improper payment review contractors because they are tasked with identifying and recovering overpayments made by Medicare and Medicaid programs. They help CMS in identifying and fixing improper payments.
RACs are different from other contractors who review improper payments because they are paid a contingency fee based on the amounts of overpayments they recover. Other contractors do not have the same financial motivation as RACs to identify and recover overpayments. RACs were established by the Centers for Medicare and Medicaid Services (CMS) to identify and recover overpayments made by Medicare and Medicaid programs. RACs perform a post-payment review of claims to identify overpayments.
This review process is designed to ensure that payments made by Medicare and Medicaid programs are appropriate. RACs help CMS in identifying and fixing improper payments made to healthcare providers. These improper payments may be due to billing errors, incorrect coding, or lack of documentation to support the claims. They also provide education and outreach to providers to help them improve their billing practices. RACs are different from other improper payment review contractors because of their financial incentive. RACs are paid a contingency fee based on the amount of overpayments they recover. This financial incentive encourages RACs to identify and recover as many overpayments as possible. Other contractors do not have the same financial motivation to identify and recover overpayments. RACs play an important role in the Medicare and Medicaid programs by identifying and recovering overpayments, which helps ensure that taxpayer dollars are being used efficiently and effectively. Recovery Audit Contractors (RACs) were introduced by the Centers for Medicare and Medicaid Services (CMS) to identify and recover overpayments made by Medicare and Medicaid programs. RACs play a significant role in ensuring that taxpayer dollars are being used efficiently and effectively by identifying and recovering overpayments made to healthcare providers. They help CMS in identifying and fixing improper payments made by these programs. RACs differ from other improper payment review contractors in several ways. They are paid a contingency fee based on the amounts of overpayments they recover, which gives them a financial incentive to identify and recover as many overpayments as possible. This financial incentive is not present in other contractors who review improper payments. RACs conduct a post-payment review of claims to identify overpayments. This review process is designed to ensure that payments made by Medicare and Medicaid programs are appropriate. They also provide education and outreach to providers to help them improve their billing practices. RACs have been criticized by some for their aggressive approach to identifying overpayments and their tendency to identify more overpayments than other contractors. However, they play a vital role in the Medicare and Medicaid programs by ensuring that payments made to healthcare providers are appropriate and that taxpayer dollars are being used efficiently and effectively.
To know more about payment visit:
https://brainly.com/question/32320091
#SPJ11
Provide one word or term for the following: 1.1. A specific amount the insured has to pay every time a claim is made. (2)
Answers
Answer: Deductible! Good Luck !
Which type of cover letter would the above excerpt come from?
Dear Mr. Halverson:
I am writing to inquire about existing or anticipated openings with the Green Acres Community Center. I have long been aware of the many professional services provided by your agency and of the fine reputation you enjoy. I feel my interest in working with the elderly, along with my skills and motivation, would allow me to make a valuable contribution to your organization.
Which type of cover letter would the above excerpt come from?
Please select the best answer from the choices provided
a. Prospecting cover letter
b. Networking cover letter
c. Application cover letter
d. Follow up cover letter
Answers
Answer: a. Prospecting cover letter
Explanation:
A prospecting cover letter as the term implies, is one written to inquire about the prospects of working in an organization by way of asking if any jobs are open or to be anticipated in future.
Apart from asking for job openings, one also introduces their selves and shows what qualifications or motivations they might have for wanting to join the organization. All these were done in this excerpt from a letter to Mr. Halverson and so it is most likely a Prospecting cover letter.
Answer:
a prospecting cover letter! :)
Explanation:
you would send a prospecting cover letter to a company you'd like to work for.
Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 8 hours at $16 per hour. During February, Jupiter Co. spent $160,400 for variable overhead. 9,350 labor hours were used to produce 2,000 units. What is the variable overhead rate variance? Multiple Choice $16,200 favorable $5,400 favorable $10,800 favorable $10,800 unfavorable
Answers
To calculate the variable overhead rate variance, we need to compare the actual variable overhead rate per hour with the standard variable overhead rate per hour and then multiply the difference by the actual labor hours.
Standard variable overhead rate per hour: $16
Actual variable overhead rate per hour: Total variable overhead cost / Total labor hours
= $160,400 / 9,350
= $17.16 (rounded)
Variable overhead rate variance = (Standard variable overhead rate per hour - Actual variable overhead rate per hour) * Actual labor hours
= ($16 - $17.16) * 9,350
= (-$1.16) * 9,350
= -$10,826 (rounded)
The variable overhead rate variance is $10,826 unfavorable.
Therefore, the correct answer is:
D. $10,800 unfavorable
Know more about variables:
https://brainly.com/question/15078630
#SPJ4
Which is the best measurement to use to determine who might have the absolute advantage?
high opportunity cost
low opportunity cost
low efficiency
high efficiency
Answers
Answer:
low opportunity cost
Explanation:
Opportunity cost is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.
Low opportunity cost: The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.
Answer:
High Efficiency
Explanation:
Edge 2021