John made a prepaid purchase of medical insurance of $3,000 for the year. In seven months he cancelled the insurance. Calculate the pro-rated refund he should receive from the insurance company.
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Waterway industries need to compare the results for 180,000 units with a new budget for 180,000.…
Q: What does the balance sheet show? A) The financial performance of operations during a specific…
A: A balance sheet is a financial statement that provides a snapshot of what a company owns and owes,…
Q: Which of the following statements is FALSE? ◇ If an improvement or replacement is made and the…
A: The first statement is true. When an improvement or replacement is made and the carrying value of…
Q: In 2008, Upper Crust had cash flows from investing activities of $235,000 and cash flows from…
A: 1. Cash Flow from Operations for 2008CalculationStep 1: Calculate the Change in CashEnding cash…
Q: None
A: The EM measures how much of the bank's assets are financed by equity.Given:- Total assets =…
Q: please step by step solution.
A: On January 1, 2020, Coronado Corporation purchased 34% of the common stock outstanding of Sandhill…
Q: None
A: 1.Business portion of the airfare $7,1722.Business portion of the airfare$4,228 THANK YOU
Q: Select correct option
A: Step 1: Definition of Product Costs:The total costs of a firm can be categorized into product costs…
Q: 1 2 Directions: Read each item carefully and write only the letter of your answer. For items number…
A: Approach to solving the question: Detailed explanation: 7.D-the problem solution text structure,is…
Q: Operating data for Windsor Corporation are presented below. Net sales 2020 $570,000 Cost of goods…
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: A building with a book value of $46,349 is sold for $61,396 cash. Using the indirect method, this…
A: Step 1:When an asset is sold for an amount higher than its book value it means that the asset is…
Q: Journalizing equity investment transactions; less than 20% ownership The following equity investment…
A: Step 1: Step 2: Step 3: Step 4:
Q: Company A has convertible notes on issue. These notes are convertible to ordinary shares of the…
A: 1. Interest expense: This refers to the interest payments made by Company A to the note holders on…
Q: Mike Macinski Leasing Company leases a new machine that has a cost and fair value of $85,300 to…
A: Step 1: Introduction to Lease:The lease is the financial term in which the goods are purchased based…
Q: None
A: Net sales = (Sales - Sales return) = ( 35,000 - $3,6000)=$31,400 As Mr. Gomez Co. paid the amount…
Q: Multiple Choice Question "Roper Spring Water" is considering a new bottling line that costs…
A:
Q: To answer the following questions, use the financial statements for Home Depot, Incorporated, in…
A: Answer information:Step 1:a-1. Compute the company's current ratio and quick ratio for the most…
Q: Asbury Coffee Enterprises (ACE) manufactures two models of coffee grinders: Personal and Commercial.…
A: Let's provide a detailed explanation of how the calculations were made for each part of the…
Q: Which of the following items should NOT be disclosed regarding Property, Plant and Equipment? O The…
A: Property, Plant and Equipment (PPE) are tangible items that are held for use in the production or…
Q: For 2023, Wilma has properly determined that her taxable income is $36,000, including $3,000 of…
A: Please refer below for complete computations:$3000 unrecaptured section 1250 gain will be taxed at…
Q: None
A: Step 1: If sales decline to 900 units, Net Operating Income equals the contribution margin on 900…
Q: When evaluating international investment projects, Checks Inc. imposes a payback cutoff of three…
A: Step 1: Calculation of Cumulative Cash flow for Project A YearCash Flow Cumulative Cash…
Q: Am.456.
A: Step 1:A journal entry is a formal accounting record that documents a financial transaction by…
Q: Nominated Proof-of-Stake (NPoS)Polkadot implements Nominated Proof-of-Stake (NPoS), a relatively…
A: Before we delve into the reasons why Polkadot would choose Proof-of-Stake (PoS) over Proof-of-Work…
Q: Current Attempt in Progress Swifty Corporation produces several products that can be sold at the…
A: From the given data, if the products which are further processed are processed further, then sales…
Q: HUMPHREY Limited owns a property that is used as its head office in Pretoria. On 1st January 2024,…
A: (a) Operating leases and finance leases are two different methods of leasing assets, each with its…
Q: vi.6
A: Intangible Assets:* Franchises $ 160,000* Patents $ 195,000* Total Intangible Assets $ 355,000Total…
Q: Skor Co. leased equipment to Douglas Corp. on January 2, 2011, for an 8-year period expiring…
A: In a sales-type lease, the lessor (Skor Co. in this case) recognizes the profit or loss on the sale…
Q: None
A: Step 1: Introduction to depreciationDepreciation is referred to a method of expensing the cost of a…
Q: Lendrum Servicing's four employees are paid every two weeks. Atkins runs the office and the…
A: Completing Lendrum Servicing's Bi-Weekly Payroll Register (Detailed explanation)Here's a breakdown…
Q: Which of the following statements about corporate social responsibility (CSR) is false? O a. CSR…
A: The false statement about CSR is: d. CSR activities may include waste and pollution minimization but…
Q: Problem 8-12 Modified Accelerated Cost Recovery System (MACRS) and Bonus Depreciation, Listed…
A: Thanks!
Q: Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The restaurant's…
A: Step 1: Calculate the cost driver rates for each activity.Serving a party of diners: $12,760 / 5,800…
Q: Consolidated Industries is planning to operate for 10 more years and then cease operations. At that…
A:
Q: DOLLARS (PV) 20000 15000+ 10000+ 5000+ B 0 t + + 0 1 2 3 4 5 6 7 8 9 10 TIME (periods) Line A…
A: Simple Interest: In the simple interest method, interest is calculated solely based on the initial…
Q: None
A: Answer information:Step 1:Material VarianceVarianceCalculationFavorable / UnfavorableMaterial Prince…
Q: None
A: Step 1: Introduction to the Disposal of Fixed Assets:The disposal of fixed assets refers to the…
Q: None
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: At September 1, 2010, Kern Enterprises reported a cash balance of $45,000. During the month, Kern…
A: The initial cash balance reported by Kern Enterprises on September 1, 2010, is $45,000. This is the…
Q: None
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: In Bramble Corp.'s income statement, they report a gross profit of $44,000 at standard and the…
A: Step 1. Calculate the total Materials VarianceMaterials Price Variance: $420 FMaterials Quantity…
Q: please give me answer in relatable
A: Part B: Payment of the Net PayrollJournal Entry:DateAccountDebitCreditMay 31Salaries Payable114,469…
Q: A7 please help......
A: The question states that the only components of the occupancy costs are the rent, property taxes,…
Q: Skor Co. leased equipment to Douglas Corp. on January 2, 2011, for an 8-year period expiring…
A: In a sales-type lease, the lessor (Skor Co. in this case) recognizes the profit or loss on the sale…
Q: Jordan, Catherine, and Ashley invest $21,000, $12,000, and $17,000, respectively, to build a boat.…
A: Given: Jordan share: $21,000Catherine share: $12,000Ashley share: $17,000Let's compute Catherine's…
Q: Compute equivalent units of production for materials and for conversion costs. Determine the unit…
A: Step 1: Calculate Equivalent UnitsMaterials:Completed units: 41,800 (units started) - 7,800 (units…
Q: None
A: 1. Which product should Store-It emphasize?Store-It should emphasize the production of Regular bins.…
Q: rm.3
A: Requirement 1. Sales = Units sold * Sales price = 10,000*$16=$160,000 Cost of goods sold = Beginning…
Q: Provide the reagents for the following reaction CI HO OH HO OH +
A:
Q: A1 i need all solution......
A: Step 1: Formulas: Return on investment = Operating Income/Average invested assetsProfit margin =…
John made a prepaid purchase of medical insurance of $3,000 for the year. In seven months he cancelled the insurance. Calculate the pro-rated refund he should receive from the insurance company.
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- Sarah made a prepaid purchase of medical insurance of $3,100 for the year. In five months he cancelled the insurance. Calculate the pro-rated refund he should receive from the insSurance company. Round to the nearest cent SAVE PRO 15°C DKatie made a prepaid purchase of medical insurance of $3,200 for the year. In seven months she cancelled the insurance. Calculate the pro-rated refund she should receive from the insurance company. Round to the nearest cent SAVE PROGRESS SUBMITASSGN acerFaisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 1,127, another in May costing 2,209 and the last in December costing 1,043. If Faisal has a straight deductible of 324. How much will the insurer pay?
- Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 1,577, another in May costing 1,284 and the last in December costing 1,102. If Faisal has an aggregate deductible of 2,574. How much will the insurer pay?Ashley has an individual medical expense insurance policy with a $1,000 calendar year deductible and a 20% coinsurance clause. Ashley had outpatient surgery to remove a bunion on her foot and incurred medical bills of $10,000. How much will Ashley's insurer pay?Bradford's automobile insurance policy has a $1,400 deductible, with a $3,800 out-of-pocket limit and a 90/10 copay. This year, he was involved in a car accident, and was billed $10,800 in expenses. How much of this expense will Bradford be expected to pay out of his own pocket?
- Britta has been accepted into a 2-year Medical Assistant program at a career school. She has been awarded a $6,000 unsubsidized 10-year federal loan at 4.29%. She knows she has the option of beginning repayment of the loan in 2.5 years. She also knows that during this non-payment time, interest will accrue at 4.29%. Britta made her last monthly interest-only payment on May 5. Her next payment is due on June 5. What will be the amount of that interest-only payment? Round your answer to the nearest cent. *Horace has a credit card with a balance of $12,000. The annual interest rate is 18%. The terms of the credit state that a minimum payment of 3% of the outstanding balance must be paid each month, but no less than $35.00 must be paid each month. Horace plans to stop using the credit card and pay off the balance according to the terms of the credit. How many years will it take to pay off the balance, assuming Horace only pays the minimum required payment? How long will it take to pay off the balance if Horace pays an extra $50.00 per month? How much in addition to the required minimum payments must Horace pay each month if he wishes to pay off the balance in 5 years?Charles Prose insured his real estate office with a $300,000 fire insurance policy at a $.78 annual rate per $100. Nine months later the insurance company canceled his policy because Charles failed to correct a fire hazard. What was Charles’s cost for the 9-month coverage?
- Navdeep owns a restaurant and has a BOE contract that allows for a monthly benefit maximum of $6,000. While Navdeep's business has typical monthly overhead expenses, there are several expenses that are not spread evenly over the course of the year. His life insurance agent arranged a BOE policy that takes this into account. Navdeep's claim to his insurance company after suffering an injury has been approved. In the first month of benefits eligibility, the business has qualifying expenses of $6,900. Given this scenario, which of the following statements is correct? Select one: a. Navdeep will carry forward $900 to be applied only to his next month's expenses, as long as that month's expenses do not exceed $6,000 per month b. Navdeep will not be able to recover $900 of his expenses as the limit is $6,000 c. Navdeep will be able to recover $900 in the first month, reducing the following month to $5,100 Ⓒd. Navdeep will carry forward $900 to be applied to the following months' expenses, as…Five years ago, alex loaned his son Liam $20,000 to start a business. A note was executed with an interest rate of 8%, which is the Federal rate. The note required monthly payments of the interest with the $20,000 due at the end of 10 years. Liam always made the interest payments until last year. During the current year, Liam notified his father that he was bankrupt and would not be able to repay the $20,000 or the accrued interest of $1,800. Tom is an accrual basis taxpayer whose only income is salary and interest income. The proper treatment for the nonpayment of the note is: a.$3,000 deduction. b.$20,000 deduction. c.No deduction. d.$21,800 deduction.Sal required surgery for a the removal of a tumor. His total bill for medical services was $90,000. Sal has a medical expense policy with a $1,000 calendar-year deductible and a $5,000 annual out-of-pocket limit. His coinsurance percentage is 20 percent. The out- of-pocket limit applies to coinsurance only. This surgery and hospitalization were the first medical care that Sal received during the year and that all of the hospital services were eligible for coverage under the policy. of which $ is for his deductible and $ Sal will pay a total of $ of the total bill. is for coinsurance. Sal's health insurer will pay $ of the expense. If Sal incurs a $700 covered medical expense later this year, he will pay $