In this spreadsheet, you will calculate net
revenues for Medical Center, using four different types of
reimbursement
Finally, you will calculate a capitation rate for
its medical group.
Answers
In conclusion, by using the above-given formulae, we can calculate the net revenues of Medical Center and a capitation rate for its medical group.
Net revenues refer to the amount of income that an organization has earned by subtracting the costs of goods or services sold and any discounts provided to customers. In this spreadsheet, we will calculate net revenues for Medical Center using four different types of reimbursement.
Finally, we will calculate a capitation rate for its medical group.
Four types of reimbursement are Fee-for-service, Per Diem, DRG, and Capitation:
Fee-for-service: It is a method in which physicians and hospitals charge for each individual service rendered. The fee-for-service payment is not dependent on the treatment outcome or the cost-effectiveness of the care provided.
Per Diem: Per Diem payment method is a fixed rate paid for each day that the patient is admitted to the hospital.
DRGs (Diagnostic Related Groups): This payment method, which was created by Medicare, is based on a predetermined payment amount based on the diagnosis of a patient.
Capitation: It is a payment model in which providers receive a fixed fee for each patient in their practice, regardless of the services used or the length of care provided.
The Capitation rate for the Medical group can be calculated by dividing the total amount of capitation payments by the total number of patients enrolled in the medical group.
The formula for calculating the Capitation rate is:
Capitation rate = Total capitation payments / Total number of patients enrolled
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Related Questions
Strategies for managing conflict
Answers
Can I get a brainest point plsssssss
1. Don't Ignore Conflict
If you're someone who dislikes dealing with conflict, it might seem tempting to just put your head in the sand and pretend it doesn't exist, hoping it will resolve itself on its own. While this sometimes can happen, the truth is that the vast majority of the time, this will only cause the situation to get worse. Ignored conflicts have a tendency to fester over time and reappear at inopportune moments, so do your team a favor and address conflicts when they occur, nipping a potentially toxic situation in the bud as soon as you recognize it.
2. Clarify What the Issue Is
If you're dealing with a conflict between two members of your team, it's important that you get all the facts. Sit down with each individual involved and find out exactly what the issue is. How is each individual perceiving the situation? What needs are not being met? What does each party see as an appropriate resolution? Make sure that all parties involved understand that you are acting as an impartial mediator, and let them know they can feel comfortable to share sensitive information.
3. Bring Involved Parties Together to Talk
Once you've had a chance to talk to all involved parties separately, bring them together in a meeting so that they can hash out their differences in a neutral environment. This is a time for brainstorming, active listening, and being open to different perspectives - the goal is to come to a common understanding of what the problem is, what role each individual is playing in the conflict, and what some possible solutions might be.
4. Identify a Solution
After both parties have had a chance to discuss the situation at hand, it's time to identify what a satisfactory resolution might be - and how to get there. Ideally, by this point, both parties will understand the other's side, and oftentimes the conflict will be resolved just through facilitated, open dialogue. However, if the situation requires further resolution, you will need to step in and help them negotiate a reasonable solution. This phase can require some time and effort, as it requires both parties to set aside their differences and preferences and find some common ground to work towards (which may involve not getting everything they want out of the situation). Then, work with both individuals to come up with a concrete list of steps that will result in the solution being achieved.
5. Continue to Monitor and Follow Up on the Conflict
Just because a solution has been identified and addressed doesn't mean it will just go away. As a manager, it's your responsibility to check in with both parties to ensure that the conflict has truly been dealt with, and that the steps identified to reach a solution are being followed. If all seems to be going well, simply remember to stop and observe from time to time, just to see if things really are going smoothly or if there are still lingering tensions under the surface that need to be handled. If it's clear that the solution didn't work, or wasn't the right resolution for the situation, make sure to be proactive in working with both parties to readjust expectations, identify alternative solutions, and continue their dialogue to create a positive and healthy work environment.
Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $385,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,870. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,870, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount (b)
Answers
Answer:
A. Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
B. Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
Explanation:
(a) Prepararion of the adjusting journal entry to record bad debt expense for the year.
Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
[(3%*$385,200)-$2,870]
(Being to record bad debt expense)
B.Preparation of the adjusting journal entry for bad debt expense
Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
[(3%*$385,200)+$887]
(Being to record bad debt expense)
Game theory suggests that competing firms in an oligopolistic industry may be
Answers
Game theory suggests that competing firms in an oligopolistic industry may be reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases.
What is Game theory?Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing. Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
Here are the options:
. too quick to raise prices because they will fail to anticipate that rivals may gain market shares.
b. reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases
c. reluctant to change prices because they anticipate that rivals will ignore price cuts but match price increases
d. too quick to cut prices because they fail to anticipate that rivals may also cut their prices.
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Game theory suggests that competing firms in an oligopolistic industry may be reluctant to price changes.
What do you mean by oligopoly?An oligopoly is a form of market that is made up of a few large firms engaging in strategic behavior. An automobile is the best example of an oligopoly market.
A game theory suggests that competing firms in an oligopoly industry may be reluctant in changes the price because they can analyze that rivals can match the price cuts but generally ignore the increase in the prices.
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Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker will charge 5 percent of the total amount issued to help raise the funds. The market value of each bond at issue time will be $1,000. How many bonds must GE sell to net $190 million after flotation costs? Assume that fractions of bonds cannot be issued. Round your answer to the nearest whole number.
Answers
The number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
Number of bondsFirst step is to calculate the amount issue
Net proceeds = Amount of issue x (1 - Flotation costs)
$190,000,000 = Amount of issue x (1 - 0.05)
Amount of issue = $190,000,000/0.95
Amount of issue= $200,000,000
Second step is to calculate number of bonds
Number of bonds = $200,000,000/$1,000
Number of bonds= 200,000 bonds
Inconclusion the number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
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The HR Director of this company faces several problems in managing the employees of the organization as stated in this scenario:
Sedap Fried Chicken Bhd is a new and rapid growing fast-food company in Malaysia. Due to its high demand and popularity of its products and services, the company is expanding its business and is planning to open two (2) branches in Penang and Sabah by end of this year.
At the same time, the management has decided to operate the restaurant for 24 hours and has required all the staffs to work longer hours. This decision is made unilaterally and the over-time pay was decided by the management without any involvement of the employees. Majority of the employees in this firms are married and they have family commitment. Most of them are not willing to work the extra hours and some of the employees are not very happy with the overtime rate. However, the management proceeds with its announcement and implementation. The employee grieved and this was brought to the attention of the union.
A few talented employees tendered their resignation letter to Johan stating that they leaving because of the long hours and also they are not happy with the salary and overtime pay.
EMPLOYEE GRIEVANCES: The management realized that employee involvement and participation is crucial for the company to stay competitive in the industry.
Task: Examine the importance of having a good grievances procedure for Sedap Fried Chicken and ways to get its employees involved in decision making so that their employees will be motivated and engaged with their work.
Answers
Having a good grievances procedure is important for Sedap Fried Chicken Bhd to address the concerns of its employees and ensure their satisfaction and engagement in their work.
A well-defined procedure allows employees to raise their issues in a structured and fair manner, promoting transparency and trust within the organization.
To establish a good grievances procedure, Sedap Fried Chicken Bhd can follow these steps:
1. Create a formal policy: Develop a clear policy outlining how employees can raise grievances, including the process, timelines, and who to approach.
2. Train managers: Educate managers on how to handle grievances effectively, emphasizing active listening, empathy, and problem-solving skills.
In addition to a good grievances procedure, Sedap Fried Chicken Bhd can enhance employee involvement in decision making to increase motivation and engagement. Here are some ways to achieve this:
1. Establish cross-functional teams: Involve employees from different departments in decision-making processes to gain diverse perspectives and promote collaboration.
2. Conduct regular meetings: Hold regular team meetings to discuss ongoing projects, challenges, and gather employee input on decision-making matters.
Sedap Fried Chicken Bhd can create a positive work environment, where employees feel heard, valued, and motivated to perform their best.
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In 2017, being "born global" is a must for fledgling businesses. Doing so is easier than you think, says Suranga Herath, CEO of English Tea Shop. onventional wisdom says that a business should get its domestic ducks in a row, before venturing overseas. But in the digital age, a new generation of businesses is making a strong case for nearly all new businesses to be "born global", that is, have an immediate focus on the international stage. The arguments for exporting are well known: it can increase the prestige of your brand and can allow you to tap into unexploited economies[1]. My argument is therefore: with all the benefits that going global offers...why wait...Why not be born global? Being born global is easier than you think Being born global may seem radical, but can be much, much simpler than many think. For me, being born global isn't necessarily about having offices and employees overseas, or prioritising the international side of things although it can be. In its purest sense, being born global is a mindset where businesses seek international opportunities from the very beginning. Cutting to the chase - how being born global accelerates growth The benefits of being born global can be profound - take my business English Tea Shop as an example. Launching in 2010, we set out creating a brand we knew would resonate with global audiences. Indeed, the UK didn't become a focus for us until 2012. While domestic sales now account for around a third of our UK business, an immediate international outlook allowed us to grow very rapidly. We're now in 50 markets around the world. In short, there's no way we would have achieved this kind of scale if we'd had a domestic-first approach. Should your business be born global? I believe almost any business could in some way be born global. But there are a number of factors to consider when asking whether it's right for your business. Language and cultural barriers, logistics, market knowledge, manpower are all very valid reasons why businesses refrain from going global. But to my mind, if managed practically, the potential challenges are completely outweighed by the potential gains. This is particularly true when you consider the direction the world is moving in - that is, by and large, closer together. In particular, developing markets are where businesses can find the fastest growth and if you're not international, you're not in the game. With that in mind, and from my own experience here are five insights to help a fledgling business be born global: However big or small, include an international element in your business plan. This will focus your mind on the opportunities that lie overseas. It may be the core of your strategy, or just something you'd like to explore in the future, but make sure it's there. Start - but don't stick - with what you know. Maybe you've spotted a niche in a certain market, maybe you speak a language, maybe you have relatives living overseas. In some cases it may be appropriate to start your international journey there. However, keep an open mind - there's a whole world of opportunity out there. Find the right balance. The optimum split between domestic and international differs from business to business. English Tea Shop started off being 100% international but we've now dialled it back to being about 70/30. We're entering new markets all the time and we think it's vital to maintain a sense of agility. Use external resources. Logistics providers, UKTI, small business media - there's a whole wealth of information out there to support and guide you from the very beginning. If there are any areas of expertise or practical knowledge you feel you're lacking, you can be sure help is there for those who ask for it. Be ready for the rush. If all goes to plan, your business will grow rapidly - and for this reason you should make sure you have a solid infrastructure in place if things suddenly explode.
Answers
Being "born global" is a mindset where businesses seek international opportunities from the very beginning. It is much, 3SPJmuch simpler than many think and can accelerate growth. It is a must for fledgling businesses in 2017.
The advantages of being born global can be profound. Being born global is a mindset where businesses seek international opportunities from the very beginning. In its purest sense, being born global is a mindset where businesses seek international opportunities from the very beginning. The benefits of being born global can be profound.
In particular, developing markets are where businesses can find the fastest growth. Language and cultural barriers, logistics, market knowledge, manpower are all very valid reasons why businesses refrain from going global.However, if managed practically, the potential challenges are completely outweighed by the potential gains. It is much, much simpler than many think and can accelerate growth. If you're not international, you're not in the game.
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three soft skills i need an answer
Answers
Answer:
1. Communication
2. Teamwork
3. Problem-solving
Explanation:
liquidity ratios measure the ability of the company to survive over a long period of time. group of answer choices true false
Answers
False. While liquidity ratios do measure the company's ability to meet short-term obligations, they do not necessarily indicate its ability to survive over a long period of time.
Other factors such as profitability, debt levels, and market conditions also play a significant role in determining a company's long-term viability.
The statement "liquidity ratios measure the ability of the company to survive over a long period of time" is false. Liquidity ratios primarily assess a company's short-term financial health and its ability to meet its short-term obligations. Examples of liquidity ratios include the current ratio, quick ratio, and cash ratio. These ratios help determine how easily a company can pay off its current liabilities using its current assets. Long-term financial health is typically measured using solvency ratios, which assess the company's ability to meet its long-term debt obligations.
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The first law of demand
states
Answers
Answer:
The law of demand states that the quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.
Explanation:
I honestly have no explanation, my high school friend told me and he learned this a LONG time ago.On the first day, to be exact.
If a firm wanted to reduce the annual eoq cost as a percentage of the annual purchase cost by 50 percent, how would the demand rate have to change?
Answers
A firm wanted to reduce the annual EOQ cost as a percentage of the annual purchase cost by 50 percent, the demand rate have to change in Quadruple
Answer is Quadruple
Economic Order Quantity (EOQ), additionally called monetary purchase quantity, is the order quantity that minimizes the overall keeping prices and ordering charges in stock management. it's miles one of the oldest classical production scheduling fashions.
What's EOQ and its system?
Also called 'premier lot size,' the economic order quantity, or EOQ, is a calculation designed to locate the premiere order quantity for organizations to limit logistics charges, warehousing area, stockouts, and overstock prices. The components is: EOQ = square root of: [2(setup costs)(demand rate)] / conserving costs.
What is supposed through EOQ?
EOQ is a metric that represents the best order size to reduce charges for The commercial enterprise. monetary order quantity is a useful formulation for organizations of all sizes and types that order and preserve stock.
How is total value of EOQ calculated?
As a method: TC = laptop + OC + HC, wherein TC is the overall cost; pc is purchase fee; OC is Ordering value; and HC is holding price.
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For which product is demand likely to be the most elastic? a) A product with no substitutes b) a product with many adequate substitutes c) a product with inadequate substitutes d) it is impossible to tell
Answers
Because people are willing to purchase at a cheaper price if prices drop, expensive goods frequently exhibit large elasticities. Products with numerous alternatives or rivals are elastic because customers switch to other products as the price of the original product rises.
What contexts exist for the word "purchase"?
When a noun form is necessary, such as in the phrase: You made a wise purchase when you bought gasoline before the price climbed., the word "buy" should also be used. Try to use "buy" for simple transactions and "purchase" for more formal cash exchanges for goods. The value of all products and services purchased during the accounting period for resale or consumption in the manufacturing process is included in purchases of goods and services, with the exception of capital goods, whose consumption is recorded as consumption of fixed capital.
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Halima wants a Manufacturing career. She wants to be very successful and get paid well. Which career pays the
highest salary?
A.hand packages
B.mechanical engineer
C.quality control inspectors
D.environmental engineering technician
Answers
Answer:
D
Explanation:
Answer:
The answer is actually B) Mechanical engineer
Explanation:
I got 94% right on the edge unit test :)
hey, would love some help with these 3 questions!
here's the actual source:
Netflix is an American public limited company that sells subscriptions to its online video streaming services. A subscription allows consumer in over 190 countries to stream television programmes and films through the internet
In 2016 Netflix decided to increase the price of its standard UK subscription from 5.99 to 7.49 per month. This move reflected Netflix's shift toward producing more of its own original streaming content, such as the hit drama 'Stranger Things', rather than repeating shows that are available on terrestrial channels such as BBC1 or itv1.
In recent years, the online streaming market has become increasingly competitive with rivals such as Amazon Prime, investing $180 million on 36 episodes of 'The Grand Tour'. To keep up, Netflix has commited itself to spending $6bn on new, original programming in 2017.
Netflix faces the difficult of raising prices to fund new shows, whilst at the sime time not putting off new and existing subscribers. However, Netflix continues to expand and build up its library of programmes and films from non-English speaking countries. Netflix's longer-term aim is to successfully enter the Chinese market.
Answers
Answer:
i’m stuck on the first but i can help with the second one and third.
Explanation:
second one: “This move reflected on Netflix’s shift toward producing more of it’s own original streaming content.”
Third one: “I believe that netflix should ___ because…”
my opinion if you want to use it :)
I believe that Netflix should add special offers on more subscriptions. I say that because there are so many possibilities that they could come up with and they could use for it. They could also make a lot more money on how good the offers are. If they added more subscriptions, maybe more people would buy them to try out and if they ike it, they would j using it from that day forward, which not only would help netflix make even MORE money, but depending on how good the special offer is, it would make netflix producers and the customers very happy.
Jessie is designing a new style of bracelet to sell at school to raise money for fbla. She has sold so many bracelets that she has assigned other members of fbla to assist her in making the bracelets. Which production activity step is this?.
Answers
Answer:
recruiting/hiring
Explanation:
i dont know its just a guess
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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20 POINTS please answer quick!
Why do you think that most careers in the Education and Training cluster require a college degree of some sort? Explain in detail.
Answers
Answer:
There are different kind of careers that one can pursue in life; in order to choose a particular career, one has to consider some important factors.
Explanation:
what is turgidity
..............
Answers
Answer:
Turgidity is the state of being swollen or turgid,
how did life begin and why do we dream?
Answers
Answer:
The earliest life forms we know of were microscopic organisms (microbes) that left signals of their presence in rocks about 3.7 billion years old. The signals consisted of a type of carbon molecule that is produced by living things
But many researchers studying sleep and dreams believe there is a primary purpose to our dreams. Some theories suggest that dreams are: A way to process memory and learning, moving memories from short-term to long-term storage and giving the brain a clean slate
Most enterprises embrace the FDI in their operationsthrough the effective and efficient mechanisms, this takes placethrough the various factor incorporation . Discus.
Answers
Foreign direct investment (FDI) is an important element of business operations for many enterprises. FDI is the process of a foreign entity taking a direct stake in the business operations of a domestic enterprise.
FDI can take the form of capital investment, joint ventures and mergers and acquisitions. The benefits of FDI are numerous, including increased access to capital and new markets, increased efficiency in production and the transfer of technology and management practices.
To incorporate FDI into their operations, many enterprises need to develop effective mechanisms to ensure the process is transparent, efficient and profitable. This can involve implementing sound legal, fiscal and regulatory frameworks to govern the FDI process.
Additionally, enterprises will have to identify and select the right foreign investors and ensure that the FDI process is well-planned and managed. Finally, enterprises will need to develop effective communication strategies to ensure that all stakeholders are aware of the FDI process and its implications.
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There is a specialty store that you like to go to when you are craving jelly beans. The price is reasonable at $1.30 per pound. The store is a bit of a distance away and you could purchase the same jelly beans at your neighborhood supermarket, but the cost is a little more at $2.10 per pound. You spend about $3 on gas every time you go to the specialty store. How do you know if you are getting enough of the jelly beans to make the trip worthwhile? What two equations would you use to determine your break-even point? (Let C stand for the total cost and x represent the amount of jelly beans.)
Answers
Answer:
-You know if you are getting enough of the jelly beans to make the trip worthwhile when the amount you purchased makes the total cost at the specialty store lower than the total cost at the supermarket and this is when you purchase more than 3.75 pounds of jelly beans.
-The two equations would be:
C=1.30x+3
C=2.10x
Explanation:
From the information given, the total cost at the specialty store would be the result of multiplying the price per pound for the number of pounds plus the amount you spend in gas everytime you go there, which is:
C=1.30x+3
Also, the total cost at your neighborhood supermarket would be the result of multiplying the price per pound for the number of pounds:
C=2.10x
Now, you can say that the price at the specialty store is equal to the price at the supermarket and solve for x to find the amount of jelly beans that would make the total cost at both places the same which would be the break-even point:
1.30x+3=2.10x
3=2.10x-1.30x
3=0.8x
x=3/0.8
x=3.75
You know if you are getting enough of the jelly beans to make the trip worthwhile when the amount you purchased makes the total cost at the specialty store lower than the total cost at the supermarket and this is when you purchase more than 3.75 pounds of jelly beans. Also, the two equations would be:
C=1.30x+3
C=2.10x
How are letters of credit different from secured transactions?
O A. A letter of credit tells a prospective seller how much you can buy.
A secured transaction provides the bank with assurance of
repayment
O B. A letter of credit is sent from the seller to the buyer and a secured
transaction means the seller must ship the product.
O C. A letter of credit is covered in Article 9 and a secured transaction
is covered in Article 5 of the UCC.
D. There is no difference because the bank benefits in both cases,
Answers
Answer:
The answer is B, Bill of Lading.
Explanation:
i did research
10. Andrea's gross biweekly pay is $1,078. Her earnings to date for the year total $43,120. What
amount is deducted from her pay for Social Security, which is taxed at 6.2 percent? For Medicare
taxes if the rate is 1.45 percent?
Answers
Your answer should be $68,992. Hope this helps!!
Which of the following benefits are employers statutorily required to provide to employees? Choose all that are statutorily required. a) OASDI (Social Security) b) Unemployment Insurance c) Retirement Plan d) Life Insurance
Answers
Employers are statutorily required to provide OASDI (Social Security), Unemployment Insurance, and Retirement Plan to employees. The correct option are a, b, and c
Social Security, Unemployment Insurance, and Retirement Plan are some of the benefits employers are statutorily required to provide to employees.
The OASDI stands for Old-Age, Survivors, and Disability Insurance Program. Social Security is a federal program that provides benefits to retired and disabled people, as well as the families of deceased workers. To fund the benefits, employers and employees pay Social Security taxes, which are calculated as a percentage of employees' wages.
Unemployment Insurance (UI) provides financial assistance to workers who have been laid off from their jobs through no fault of their own. The program is funded by a tax on employers and is administered by the state. The benefits vary by state, but they typically last for a few months and provide a percentage of the employee's prior earnings.
A retirement plan is a financial arrangement designed to provide income during retirement. Employers often offer retirement plans as part of their employee benefits package. The most common type of retirement plan is a 401(k), which allows employees to contribute a portion of their income into a tax-deferred account. Employers may also offer pensions or other types of retirement plans.
Hence, the correct options are a,b, and c.
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Why is social service a more respectable job?
Answers
Answer:
they provide public services
Explanation:
Administrative costs include ______. shipping costs and sales commissions executive compensation and public relations costs factory maintenance workers' wages and factory supervisors' salaries sales commissions and factory supervisors' salaries
Answers
Answer: Executive compensation and public relations costs
Explanation:
Administration costs are cots that the company does not incur as a result of production, sales or indeed any specific department. They usually relate to the entire organization as a whole and involve the running of the entire company.
Executive compensation is an admin cost as the executives are in charge of coordinating the whole company and cannot necessarily be linked to one department or function.
Public relation costs affect the entire company and so are admin costs as well.
A business that runs a ski resort sees a sudden spike in demand for lift passes. Is the supply of slopes elastic or inelastic? Why?
Answers
Answer:
The supply of slopes at a ski resort is generally considered to be inelastic. This is because the number of slopes available at a ski resort is usually fixed in the short term and cannot be easily changed in response to changes in demand for lift passes. It takes a significant amount of time and investment to build new slopes or expand existing ones, which means that the supply of slopes cannot be quickly adjusted to match changes in demand.
As a result, when there is a sudden spike in demand for lift passes, the ski resort may not be able to increase the number of slopes available to meet that demand. Instead, they may have to ration lift passes or increase prices to manage demand and prevent overcrowding on the existing slopes. This means that the supply of slopes is relatively unresponsive to changes in demand, making it inelastic.
However, in the longer term, the supply of slopes at a ski resort may become more elastic as the resort invests in new infrastructure and expands its operations to meet growing demand. For example, the resort may build new slopes, invest in snow-making equipment, or expand its facilities to accommodate more skiers and snowboarders. These investments can increase the overall supply of slopes and make the resort more responsive to changes in demand over time.
man Services Workplaces and Tasks gnment Active Describing Work Activities for Clergy ick this link to view OZNETS Work Advies section for Clergy. Note that common activities are listed toward the pand less common activities are listed toward the bottom According to ONET, what are some common work developing objectives and strategies assisting and caring for others controlling machines and processes establishing and maintaining interpersonal relationships repairing and maintaining mechanical equipment interpreting the meaning of information for others
Answers
Answer:
According to ONET, common work activities for clergy include developing objectives and strategies, assisting and caring for others, establishing and maintaining interpersonal relationships, and interpreting the meaning of information for others. Less common activities include controlling machines and processes, and repairing and maintaining mechanical equipment.
Explanation:
Based on the ONET Work Advies section for Clergy, some common work activities include:
Developing objectives and strategies: Clergy may develop goals and objectives for their congregation, as well as strategies for achieving those objectives.
Assisting and caring for others: Clergy often provide emotional and spiritual support to members of their congregation, as well as offer guidance and counseling.
Establishing and maintaining interpersonal relationships: Clergy must build strong relationships with members of their congregation, as well as other clergy members and community leaders.
Interpreting the meaning of information for others: Clergy often read and interpret religious texts, and must be able to explain the meaning of those texts to others.
Some less common activities listed on the ONET website for Clergy include:
Controlling machines and processes: This may include using technology or other tools to enhance their religious services or work.
Repairing and maintaining mechanical equipment: While not a common activity, some clergy may be responsible for maintaining and repairing equipment or facilities at their place of worship.
Overall, the primary focus of a clergy member's work is to provide spiritual guidance and support to others, and to help build a strong sense of community within their congregation.
gerhan company's flexible budget for the units manufactured in may shows $15,720 of total factory overhead; this output level represents 70% of available capacity. during may, the company applied overhead to production at the rate of $3.00 per direct labor hour (dlh), based on a denominator volume level of 5,850 dlhs, which represents 90% of available capacity. the company used 5,000 dlhs and incurred $16,000 of total factory overhead cost during may, including $9,900 for fixed factory overhead. what is the factory overhead efficiency variance (to the nearest whole dollar) for may under the assumption that gerhan uses a four-variance breakdown (decomposition) of the total overhead variance? (round your intermediate calculation to 2 decimal places.)
Answers
$ 950 is the factory overhead efficiency variance (to the nearest whole dollar) for may under the assumption that uses a four-variance breakdown (decomposition) of the total overhead variance .
What is the variance in overhead?
The difference between applied overhead and real overhead is referred to as overhead variance.
Once you are aware of the real overhead expenses for the time period, you can only determine the overhead variance. A fixed rate and a cost driver are used to apply overhead.
Total budgeted OH 90% capacity (the denominator volume level)=5,850 DLHs x $3.00/DLH = $17,550.
Total budgeted OH 70% capacity = $15,720 (given)
Change in budgeted OH dollars, 90% vs. 70% of capacity = $17,550 -$15,720 = $ 1,830.
If 5,850 hours = 90% capacity, then [(5850/0.9) x 0.7] = 4,550 hours at 70% capacity.
Change in budgeted OH hours from 90% capacity to 70% capacity = 5,850 -4,550 = 1,300 hours.
$ 1,830 change in dollars/1,300 change in hours = VOH rate $ 1.41/DLH.
VOH applied= 5,000 DLH * VOH rate $ 1.41/ DLH= $ 7,050
Actual VOH= $ 16,000- $ 9,900 FOH= $ 6,100.
Favorable VOH spending variance is $ 7,050- $ 6,100= $ 950.
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Which of the following accounts would be included in the property, plant, and equipment category of the classified balance sheet?
A. Accumulated Depreciation
B. Land (held for investment purposes)
C. Mortgage Payable
D. Office Supplies
Answers
The property, plant, and equipment category of the classified balance sheet is Land (held for investment purposes). The correct option is B - Land (held for investment purposes).
Property, plant, and equipment category are assets that are tangible in nature and are used by the business in their operations for the long-term and can not easily be converted into cash.
Here are the details of the accounts that would be included in this category of the classified balance sheet: Land and Buildings: Land is included in the property, plant, and equipment category.
It refers to the land that the business owns and it is used for different purposes such as building, factories, offices, etc. Buildings include all types of structures used by the business.
It includes the main building structure, any additions or improvements to the building, and any attached fixtures and fittings.
Furniture and Fixtures: All types of furniture used by the business in its day-to-day operations are included in this category. This includes chairs, desks, tables, and other similar types of items.
Machinery and Equipment: All types of machinery and equipment used by the business in its day-to-day operations are included in this category. It includes vehicles, computer equipment, and other similar types of items.
Accumulated Depreciation: This account is not included in the property, plant, and equipment category. Accumulated depreciation is a contra asset account that is used to record the depreciation of fixed assets over time.
It is used to reduce the book value of fixed assets and is included in the assets section of the balance sheet. Therefore, option A is incorrect.
Mortgage Payable: Mortgage payable is a liability account and is not included in the property, plant, and equipment category. It is used to record the amount owed by the business on a mortgage.
Therefore, option C is incorrect. Office Supplies: Office supplies are consumable items that are used in the day-to-day operations of the business.
These items are not included in the property, plant, and equipment category. Therefore, option D is incorrect. The answer is option B - Land (held for investment purposes).
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What type of financial planning focuses on issues such as paying your monthly rent, paying tuition and fees, and cost of food, while still having some funds to use for entertainment, rest and relaxation?.
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Personal financial planning focuses on issues such as paying your monthly rent, paying tuition and fees, and the cost of food, while still having some funds to use for entertainment, rest, and relaxation
You can reach your financial goals by creating a personal finance plan. These goals could be anything, such as saving for your child's college tuition, creating retirement plans, or having enough money to handle immediate expenses. This depends on your income, spending, saving, investing, and personal safety.
Managing your present financial needs and long-term financial plans requires an understanding of personal finance. The sooner you take charge of your own money, the better your long-term financial prospects will be for decisions like investing or retirement planning.
Knowing the basics of personal finance will help you see ways to improve your financial situation. This information can help you build a budget for short-term needs while creating long-term financial strategies.
Learn more about Personal finance here:
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