Table 9-1 Ringo Company had the following information relating to net credit sales for 2014: Accounts receivable, Jan. 1, 2014 $18,000 Dr. Allowance for doubtful accounts, Dec. 31, 2014, prior to adjustment 600 Cr. Net credit sales during 2014 95,000 Collections on account during 2014 87,000 Cash sales during 2014 27,000 31) Referring to Table 9-1, if uncollectible […]
77.Which of the following is true regarding the reporting of general capital assets by state and local governments? A)Capital assets are reported in the government-wide Statement of Net Assets. B)Capital assets are reported in the governmental funds Balance Sheet. C)Both of the above. D)Neither of the above. 78.A government incurred expenditures for its infrastructure as follows: $20 million for general repairs; $22 million to […]
235. From the information given, prepare a November income statement. On November 1 of the current year, Lois Bell began Lois Bell, Interior Design as a corporation with an initial investment of $50,000 cash. On November 30 her records showed the following (alphabetically arranged) selected accounts and amounts: Accounts payable $12,000 Office furnishings $40,000 Accounts receivable 23,000 Dividends 6,000 Cash 17,200 Rent expense 3,600 […]
51. The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. ProductNumber of unitsLabor hrs per unitMachine hours per unit Blinks1,00045 Dinks2,00028 All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take […]
21.Recruiting advertisements in newspapers and periodicals typically generate more desirable recruits than direct applications or referrals. True False 22.Public employment agencies serve primarily the blue-collar labor market; private employment agencies perform much the same service for the white-collar labor market. True False 23.Newspaper ads generate the largest number of recruits and many of these are qualified for the position. True False 24.Recruiters tend to be viewed […]
Multiple Choice Questions 21. Interest is: A. Time. B. A borrower’s payment to the owner of an asset for its use. C. The same as a savings account. D. Always a liability. E. Always an asset. 22. Which interest rate column would you use from a present value table or a future value table for 8% compounded quarterly? A. 12%. B. 6%. C. 3%. D. 2%. E. 1%. 23. A company is considering investing in a project […]
Use the information below to answer the following question(s). Special Tea Products (STP) has an exclusive contract with Tea Distributors. Two brands of Teas are imported, Strong and Mild, and sold to retail outlets. The monthly budget for the contract is based on a combination of last year’s performance, a forecast of general industry sales, and the company’s expected share of the Canadian […]
Multiple Choice Questions 59. Long-term investments: A. Are current assets. B. Include funds earmarked for a special purpose such as bond sinking funds. C. Must be readily convertible to cash. D. Are expected to be converted into cash within one year. E. Include only equity securities. 60. Short-term investments: A. Are securities that management intends to convert to cash within the longer of one year or the current operating cycle, and […]
31. ABC and XYZ Companies purchased identical equipment having an estimated useful life of ten years. ABC uses the straight-line depreciation method and XYZ uses the double-declining-balance method of depreciation. Assuming the two entities are similar in all other respects, which of the following statements is correct? A. ABC’s depreciation expense will be greater in the second year than XYZ’s depreciation expense. B. XYZ’s book value […]
181.Kotter Mining Company purchases a gravel pit for $2,500,000. It estimates that 5,000,000 tons of gravel can be extracted over the pit’s useful life. If 900,000 tons are extracted and sold during the first year, how much depletion expense should be recorded? a. $337,500 b. $450,000 c. $225,000 d. $112,500 182.Kotter Mining Company purchases a gravel pit for $2,500,000. It estimates […]
Plan Comparison Worksheet
SNHP 220
Spring 2023
Please use the following three plans and answer the questions below. If you can’t find the answer, explain how you looked and why you can’t find it.
Plan 1
Cigna Connect
Plan 2
KP Platinum
Plan 3
Blue Choice HMO Young Adult
Premium
$310/month
$534/month
$208/month
Summary of Benefits and Coverage
Prescription Drug List
Cigna Connect Prescription Drug List
Blue Choice Prescription Drug List
• Go to “Those who buy directly from Carefirst” and click on “Exchange formulary”
Provider Network
Cigna Connect Provider Network
• Pick Arlington County, VA (zip 22204)• Choose “enter as guest”
• Pick “Kaiser Permanente Added Choice POS”
• Choose “continue as a guest”• Choose BlueChoiceAdvantage network
Question 1:
Which plan covers Rubina Dolvane (located in Arlington, VA)? And how much will it cost to see her? How much do you have to pay before your plan starts paying (e.g., what is deductible for an individual)?
Question 2:
Which plans cover Eliquis (any strength), a brand-name drug, used to treat and prevent blood clots and how much does it cost for each plan? How much do you have to pay before your plan starts paying (e.g., what is deductible)?
Question 3:
For each plan, how much will you pay for an HIV test?
Question 4:
Assume you are a young, relatively healthy single adult without children (so your health care utilization will consist of mostly primary care and preventive care) which plan would you choose and why?
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