Work in Process, September 1 Units started during September 1. 9,000 tons ? Units completed during September 19,000 tons Work in process, September 30 2,000 tons 2. Work in process, February 1 13,000 kilograms Units started during February 1,500 kilograms Units completed during February 9,200 kilograms Work in process, February 28 ? 3. Work in process, January 1 100,000 gallons Units started during the year 850,000 gallons Units completed during the year ? Work in process, December 31 200,000 gallons

Q: Describe the three steps of the high-low method.

A:

Q: Describe the basic nature of the three expense recognition methods. Provide two examples of each.

A: Expense recognition is a principle according to which expenses should be recognised in the same…

Q: explain the direct allocation method.

A: The objective of this question is to understand the concept of the direct allocation method in…

Q: The following information is for Lawrence company, who uses the LIFO method

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS    Inventory valuation using Lower of Cost or…

Q: Show that the CAPM Bi is linearly additive. Present all your calculations analytically and explain…

A: In this question we will be discussing on the CAPM Bi is linearly additive

Q: Use practical example to discuss how double entry principle is applied in extracting a trial balance

A: Trial balance refers to the worksheet which helps in detecting the mathematical errors that have…

Q: Compute the dollar value of each missing item as indicated by A thru E below. Each horizontal line…

A:

Q: What are delayed revenues, and how do they work? Give three specific instances.

A: Delayed revenues, and three specific instances will be explained:

Q: On January 1, 2019, Dance Training Co entered its second year of operations. Dance Training Co…

A: The income statement is prepared to record the revenues and expenses of the current period.

Q: I have provided images of the assignment that I seek assistance for. I'm asked to compute the gross…

A: Answer 1: Below is the image with the calculation for the above:

Q: Give two examples of appraisal costs.

A: Appraisal costs are costs that are associated with the quality control process incurred by the…

Q: Give two examples of using annuities

A: Introduction: An annuity is an insurance contract issued and sold by a financial institution, whose…

Q: Set out and explain the function of the p/e ratio

A: P/E ratio is a vital valuation ratio used in relative valuation methods. The function of pe ratio…

Q: How to obtain Gradient to equal-payment conversion? Note that A=G(A/G) formula F=P(1+i)^N ,…

A: The Gradient Arithmetic Worth is an important concept that determines the present value, annual…

Q: Which of the following is not an approach to compute equivalent units? Multiple Choice All of these…

A: Equivalent Units :— Number of incomplete units are assumed to be equivalent to completed units when…

Q: Give a definition of “Receivables”. Give two examples.

A: In accounting, Receivables means amount to be received from outside of the company. It includes…

Q: Describe the accounting for correction of errors.

A: The accounting for correction of errors will be explained:

Q: Explain the following terms.(a) LIFO layer.(b) LIFO reserve.(c) LIFO effect

A: (a) LIFO Layer: LIFO Layer refers to a portion of cost in an inventory costing system that follows…

Q: Explain the meaning of the following terms: markup,additional markup, markup cancellation, net…

A: Products are priced at the selling price and used to compare different product lines. The selling…

Q: Explain an example of deferred expense.

A:

Q: in Step 4, do you multiply or divide?  I am not arriving at the same number.

A: PE Ratio is calculated by dividing the market price per share by earnings per share. Please find…

Q: Expense recognition is implemented by one of four different approaches, depending on the nature of…

A:

Q: Define split-off point.

A: Contribution approach: The contribution approach calculates the net profit by calculating the…

Q: based on the above exercice - On the basis of the data provided at question 6, calculate your…

A: Levered IRR is the Internal Rate of return calculated on the basis of levered free after tax cash…

Q: Define Deferred Payments.

A: Liabilities:   Liabilities are referred to as the obligation of the business towards the creditors…

Q: For 2a, what is the final answer for amounts

A: COGS stands for Cost of goods sold which refers to the carrying value of the goods that are sold…

Q: Describe the accounting for correction of errors.

A: Accounting errors refer to the errors made while recording, classifying or summarizing accounting…

Q: Describe the concept of an equivalent unit and how to compute equivalent units

A:

Q: 2. Differentiate pledging, assignment and factoring of receivable,

A: The receivables are referred to as the current assets of the company. These are the amounts that a…

Q: describe the main differences between Vertical and Horizontal Analysis.

A: Vertical Analysis: In financial statements, vertical analysis refers to the approach of assessing…

Q: How does the computation of equivalent units under the FIFO method differ from thecomputation of…

A: Equivalents units for production: The activity of a processing department in terms of fully…

Q: Which excel formula is this

A: Solution:- When an equal amount is withdrawn each period, it is known as annuity.

Q: Float is defined as the difference between the:

A: The formula to compute float as follows:

Q: Define the term dual rate method.

A: Dual-rate method refers to the method of assigning costs that uses two cost functions.

Patient billing and collection

Patient billing and collection is a process where a medical charge will be imposed on the patient and the amount will be collected after considering co-pays, insurance deduction, and non-covered insurance. Billing and collection in the medical process is a vital process for the patient as well as the health organization. For a health organization, collecting medical charges is income for service provided by them to a patient. For a patient, medical billing is the expense for using the service provided by the health organization. For some patients, certain services will be covered under the insurance policy, and the remaining charges have to be paid out-of-pocket. The collection of such bills has to be clearly stated without creating a chaotic situation for patients and insurance providers. A billing statement will be easily collected for the uninsured patient as medical charges will be directly collected from them.