Problem 11-7 Evaluating Health Insurance Options (L011. 4)
Ronald started his new job as controller with Aerosystems today, Carole, the employee benefits clerk, gave Ronaldo packet that
contains information on the company's health insurance options, Aerosystems offers its employees the choice between a private
insurance company plan (Blue Cross/Blue Shield), on HMO, and a PPO, Ronald needs to review the pocket and make a decision onwhich health care program fits his needs. The following is an overview of that information
Based on the plan that Ronald chooses, the annual medical costs that he will pay using the sample medical expenses is $1,109.08.
What is Ronald's annual medical cost?This can be found as:
= Annual premium + Deductible + Total coinsurance cost
Annual premium is:
= 43.34 x 12 months
= $520.08
Total coinsurance cost:
= (((Physician visits x Cost per visit) + Cost of prescription) - Deductible) x Coinsurance percentage)
= (((5 x 110) + (66 + 90) - 156) x 25%)
= $39
Annual medical cost:
= 520.08 + 550 + 39
= $1,109.08
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How do long-term goals differ from short-term goals?
Long-term goals require more money than short-term goals.
Long-term goals require more preparation than short-term goals.
Long-term goals are less attainable than short-term goals.
Long-term goals take longer to plan than short-term goals.
Answer:
2, long term goals require more preparation than short term goals.
Explanation:
You need to put a lot of thinking and preparation for long term goals.
Short-term goals can be accomplished with less planning than long-term ones. As a result, choice (2) is the right one.
What do you mean by short-term goals?Your immediate priority is to complete a short-term goal. You can affect significant change by setting short-term goals.
Anything you desire to do soon is a short-term objective. Today, this week, this month, or even this year can all be considered as being in the near future. Something you desire to do quickly is a short-term aim. A long-term aim is something that will require a significant amount of time to complete.
You can advance your career by setting both long-term and immediate objectives. You can think of immediate actions to take by setting short-term goals. You may manage your time better by setting short-term goals. While short-term goals may appear insignificant, achieving them can result in significant achievements in both your personal and professional life.
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Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should be valued at:__________
a) $110.
b) $88.
c) $98.
d) $100
Answer:
I think A but ion kno thats prolly wrong-
Explanation:
Quentin manages a personal care company that focuses on shampoo, conditioner, and body wash. One of his roles is structuring the company's resources and activities to accomplish its objectives efficiently and effectively. What management function does this example pertain to?
The management function that structures the resources and activities to accomplish its objectives efficiently and effectively is known as Organizing.
What is Organizing in management?An Organizing function means a management function that assembles people, organizes resources and distributes the planned work necessary to carry out the managers plan.
In conclusion, the organizing function is very important because its ensures an effective role-job-fit for every employee in the organization.
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According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.
The reduction of tariffs will provide greater market access to foreign products.
What is a tariff?It should be noted that a tariff simply means a tax that's on an imported good. This is vital to generate revenue for the government.
Reducing many of the tariffs that are still in existence will lead to greater market access to foreign products.
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The market structure called perfect competition is best as _________________________ theoretical theoretical commonplace commonplace small small natural
Answer:
Theoretical
Explanation:
Perfect competition is a theoretical market structure due to the assumptions required for it to exist: perfect information for consumers and producers, as well as the theoretical maximum number of firms in a market which is a number that never empirically exists.
Think of a team you have been a part of, for example, in sports or for a class project. Write a paragraph on how you went about performing the tasks. Did everyone have his or her own tasks to do? How did everyone interact? Did you face any problems while working together? Why do you think that was? Do you think that your group functioned well overall?
A team that I was a part of was a group project in school.
We went about performing the task as we gave each person a role to play in order to accomplish the task.
Yes. Everyone had a task.
Everyone interacted as they shared idea about their roles.
I didn't face any problem while working with them as they were all cooperative.
Yes. My group performed well overall.
What is a team?A team is a group of people who work together to achieve a common goal. An effective teamwork environment creates an enabling work environment, allowing team members to become more effective and efficient.
The goal of a team is to figure out how a unique group of people can use their skills to achieve a goal at a specific time. A clear team purpose can help motivate people to take action. Knowing the purpose of a team can help you create awareness and inclusion.
As a result, teamwork processes have a moderately positive effect on team performance and a strong positive effect on team commitment.
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A critical component for labeling a person’s behavior as abnormal is that the behavior must:.
The critical component is that : It must interfere with some aspect of the person's life.
What is behavior?Behavior refers to action or inaction of an individual to his or her environment. People react or behave differently to any given situation around them.
A behavior is said to be abnormal when it does not confirm to an expected standard in the society.
Hence, a critical component for labeling a person’s behavior as abnormal is that the behavior must is that It must interfere with some aspect of the person's life.
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If an account receivable balance previously written off using the direct write-off method is later collected in full, the entry to record the payment must include a credit to:
The entry to record the payment of an account receivable balance with direct write-off method must include a credit bad debt expense .
What is bad debt expense ?A bad debt expense can be regarded as the expenses that us recorded when receivable is no longer collectible .
This is because a customer is unable to pay an outstanding debt as a result of different reasons such as bankruptcy or other financial problems.
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Which research tool would be most effective when gathering data on how employees feel about carpooling
Answer: i think the best way would be a poll
Acel Co. uses the allowance method to account for bad debts. In January, Acel determined that it could not collect $400 from CTR, Inc. and wrote the balance off. On October 21, Acel received a check for $400 from CTR. The entries to record the receipt of cash on October 21 would include a debit to:_____.
a. Accounts Receivable.
b. Accounts receivable is debited to reinstate"tbecac&unt.
c. Allowance for Doubtful Accounts.
d. Bad Debt Expense.
Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.
Which account will be debited?The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.
The Account Receivable account will then be credited to cash to account for the cash being received.
In conclusion, option B is correct.
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As secretaries are often the first point of contact that people meet in a business, what type of skill do they need to develop in order to make a good first impression?
A. people skills
B. shared skills
C. technical skills
Answer:
a
Explanation:
Since she had an established customer base of retail stores when she began her job as a sales representative for unilever, jess can skip one step in the selling process. Which step is she able to skip?.
What can be a result of increased trade? slowing economic growth creating jobs increasing poverty none of the above.
Increased trade means that exportation prices have raised as import prices have either kept or declined. The effects of improved trade would be creating jobs in large numbers.
What are the advantages of advanced trade?It improves growth level through improved in the income level as well increase in the standard of living with extensive career or employment in the nation.
It diminishes poverty with better and more goods and services at more inferior prices that are expected to jobs for a considerable number of people.
The trade has the capacity to improve the productiveness level of the nation, proving the demand for better labor and the latest job opportunities.
Therefore, option B is correct.
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Which entity is placed in charge of determining whether a state discriminated against goods or people from another state
Answer:
Courts first determine whether a state regulation discriminates on its face against interstate commerce or whether it has the purpose or effect of discriminating against interstate commerce.
Explanation:
The adjusting entry to record the estimated amount of bad credit sales is a debit to bad debt expense and a credit to.
Answer: A debit to Answer: Bad Debt Expense and a credit to Allowance for Doubtful Accounts would generally be included in the adjusting entry to reflect the expected bad debts in the period credit sales occur.
The adjusting entry would typically include a charge for bad debt expenses as well as a credit to the allowance for doubtful accounts to represent the anticipated bad debts during the time when credit sales take place.
What is Sales?A sale is an agreement between a buyer and a seller in which the seller exchanges money for the sale of tangible or intangible products, assets, or services. There are two or more parties involved in a sale. A sale, or a contract between two or more parties, such as the buyer and seller, can be thought of in larger terms.
The debit to Bad Debt Expense and the credit to Allowance for Doubtful Accounts would typically be included in the adjusting entry to reflect the expected bad debts at the time credit sales occur.
By debiting the accounts receivable account and crediting the bad debt expense account, respectively, For instance, if customer Lucy has a $125 invoice that is 91 days overdue, your bad debt expense journal entry would seem as follows: $125 is debited for bad debt expenses. The credit for Receivables is $125.
Therefore, The provision for dubious accounts, which, throughout the period of credit sales, represents the anticipated bad debts.
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Which of the following guidelines about maintaining a network is false? a. Participate in career fairs b. Use business cards when meeting new people c. End network relationships after you find a job d. Communicate with your network using the Internet Please select the best answer from the choices provided A B C D.
I believe the answer is: end network relationships after you find a job
If you end network relationships after you find a job, you would be automatically considered as rude and that person would no longer contact you in case there is a better opportunity in the future.
Because of this, it is important for you to maintain good networking relationship with as many people as you can to accelerate your career.
Answer:
its C on edge 2022
Explanation:
If the Federal Reserve contracts the money supply, then interest rates will _____, and GDP will _____.
Answer:
Interest rates will rise and GDP will fall
Explanation:
If the money supply falls, that makes money more valuable because there's less of it to go around. Interest rates will reflect this change in the value of money, with interest rates increasing because with money more valuable, there will be a greater opportunity cost to lending money. GDP, in turn, will fall, because money is one half of all economic transactions and so a decrease in the money supply necessarily decreases the number of economic transactions made.
______ activities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally along the internal value chain.
A. Complementary
B. Resource
C. Value
D. Primary
Freeze Ice Cream Shop sells its specialty shakes for $3.50 each. In the summer months, the shop typically sells 200 shakes a day. The shop's owner thinks if he reduces the price to $3 he will increase sales significantly. However, when he reduced the price, he only sold about 15 more shakes per day. This represents demand that is :___________
As a result of the demand increasing only slightly compared to the reduction in price, the demand must be inelastic.
Why is the demand inelastic?The demand is considered to be inelastic if the price elasticity is less than 1.
The price elasticity is:
= (%Change in quantity/% Change in price)
Solving gives:
= 15 / 200 ÷ 0.50 / 3.50
= -0.525
In conclusion, the demand for the shakes is inelastic.
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Extended decision making is __________________________________. Limited decision making Selective distortion The most complex type of decision making Based in perceptions
Answer:
extended decision making
Explanation:
it is a highly involved consumer decision regarding whether or not to purchase a product
Carter is a salesman with great hoops, inc. His boss tells him that the company needs more buyers for its inflatable basketball hoops. Carter decides to open up the phone book and start calling businesses to determine their interest in his product. This is typical of which stage in the selling process?.
The activity described where Carter opens up the phone book and starts calling businesses to determine their interest in the inflatable basketball hoops is typical of the "Prospecting" stage in the selling process.
Prospecting is the first stage in the selling process where the salesperson identifies potential customers or prospects who might be interested in the product or service they are offering.
It involves searching for potential buyers through various means such as cold-calling, using online databases, attending networking events or seeking referrals.
In Carter's case, he is using the phone book to identify potential businesses to approach and gauge their interest in purchasing the inflatable basketball hoops. Once he identifies potential leads, he will move on to the next stages of the selling process such as qualifying leads, making sales presentations, handling objection and closing deals.
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Bonita Industries issues 4400 shares of its $5 par value common stock having a fair value of $20 per share and 6400 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $206000. What amount of the proceeds should be allocated to the preferred stock
Answer:
July this po off free UI to vote no maybe cv kk
Artemis wants his employees to get better sleep so that they stay healthy and thus take fewer sick days. He should recommend that his employees:
Artemis must recommend healthy practices to its employees such as eating properly, sleeping at least 8 hours a day, doing at least 1 hour of daily physical activity and avoiding consuming alcoholic beverages.
How to lead a healthy lifestyle?A healthy lifestyle is a type of lifestyle that combines various actions that improve the health of individuals by improving various aspects of their life.
What recommendations would you give someone to improve their lifestyle?Some recommendations to improve lifestyle are related to a healthy lifestyle because this has a positive impact on it. Some recommendations are:
Eat balancedDo not consume alcoholic beveragesDo physical activity dailySleep at least 8 hours a dayAccording to the foregoing, Artemis must recommend these practices to its employees so that their health remains in optimal conditions and their performance at work is not affected.
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Electric power production and distribution is an industry that is dominated by natural monopolies. Companies are given a monopoly to operate in an area by local, county, or state government, and in return, they have a legal obligation to provide electricity on demand to all customers in a geographic area. As a result, state and federal agencies extensively regulate utility companies to ensure customers and businesses are treated fairly. At the state level, an elected or appointed commission sets the rate of use for consumers, based upon the request of the providers. By law, these rates must allow the utility company to recover its cost of service, as well as to make a profit on their investment. Which form of government regulation does this passage primarily describe? taking over a company to operate it placing price limitations on a producer requiring public ownership of an industry insisting on approval over decision making.
Answer:
placing price limitations on a producer
Explanation:
"these rates must allow the utility company to recover its cost of service"
A standard electricity supplier is the main integrated owner of production, transmission, and distribution. These are included under natural monopolies.
What are natural monopolies?One top line reduces both the high cost and the loss of electricity inputs per unit of carrying capacity, transmission and distribution are the only natural monopolies.
The freshly generated energy is transmitted at high voltage and distributed to residential and commercial users at low voltage. Two aspects of electrical power make resources different from many other industries.
First, both high voltage transmission and low-voltage distribution are most economically done in a single line or single line network.
Second, because electricity cannot be stored cheaply, it should be produced as soon as it is needed. Failure to adjust production to demand may result in blurring or darkening of a large area.
In view of these factors, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission and distribution.
It holds the administrative mandate given to the government as a legal compensation as a public service to serve all customers in the area.
It (or a few resources) is responsible for the operation of the control area, where it must maintain integrity and deliver economic productivity.
Thus, a typical electricity supplier as a natural monopolist is the main integrated owner of production, transmission, and distribution.
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100 PTs explain how teachers can foster success in their classrooms by providing assessments that encourage personal motivation and are engaging. Give at least one example to support your claim. thx
Teachers can encourage personal motivation through assessments giving an appropriate amount of time to study, explaining everything that will be covered on the assessment, and being overall encouraging. When a teacher makes sure all of their students understand what is being covered on the assessment, they are reassured and confident in their ability to succeed. When a test is given to a class where very few of the people understand what they are doing, morale and motivation will be very low.
______ policy seeks to foster or discourage various economic or social activities, typically through subsidies or tax breaks.
Answer:
domestic
Explanation:
try it but i don't know! just a guess
General Contracting was hired by the city of Rockyville to put in a new road through a mountain pass for $2 million. General Contracting did reasonable soil tests as would be expected of a contractor under their circumstances. The job would involve about 80% costs related to highway materials and 20% labor costs. When General Contracting started building the road, they discovered that it was solid granite a few feet down and that the mountain was unlike any they had ever seen in the state. It would cost them over $5 million in costs just to complete the job. If General Contracting refuses to complete the job at a loss and Rockyville sues, what result
If General Contracting is sued by Rockville for refusing to complete the job, General Contracting can have the contract discharged on an impracticability basis.
What would make a contract impractical?When parties to a contract agree to a contract that based on normal circumstances and due course, and one party discovers that they cannot complete the contract based on unforeseen circumstances, the contact can be ruled impractical.
General Contracting could not foresee the solid granite foundation and so they could not have known they would pay so much to complete the project. The contract can therefore be impracticable.
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If a company were to draw from the ideas proposed in the various theories of international trade, from a profit perspective, how would it go about selecting locations for its businesses?
The business locations regarding the International trade can be selected based on the productive activities to the countries where they can be performed efficiently.
What is international trade?It should be noted that an international trade simply means the trade between two or more countries.
In this case, it can be deduced that the business locations regarding the international trade van be selected based on the productive activities to the countries where they can be performed efficiently.
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Outline 4 ways in which the productivity of land can be improved
Answer:
(i) irrigation
(ii) Fallowing
(iii) Land tenure
(iv) Fertilizer application
Explanation:
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