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Becky’s comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $8,893. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $3,000. Was her friend correct? Show your computations. Then determine which policy would have cost Becky less and by how much
Lindy Corporation has 1,000,000 authorized shares of $20 par value common stock. As of June 30, 2014, there were 600,000 shares issued and outstanding. On June 30, 2014, the board of directors declared a $0.50 per share cash dividend to be paid on..
describes how Jill can satisfy the distance test for deducting moving expenses if she accepts a new job in downtown Freeport?
recording a bond issue and interestnora corporation issued 8.5 five year bonds with a face value of 8000000 on march 1
Impact on Net Income due to changes in prices - If the plugs are purchased and the facility rented, Mennekes Company wishes to realize $100,000 in savings annually. To achieve this goal, what must be the minimum annual rent on the facility?
number of units to be produced to maintain the same net income.wilson is a wholesale distributor of widgets. the
Your machine operator is becoming more productive, and generates additional profit each year. You expect to receive $20,000 in profit at the end of this year, but this will increase 5% a year for the next 10 years. If you have an 8% interest rate on ..
refer to the feedback sheet attached to see where marks could be lost. you are not required to complete the
Why are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosed?
Determine the appropriate income statement presentation (sales, cost of sales, gross profit, operating income or expense, non-operating income or expense) for each item noted above. Note that L&L presents a subtotal for operating income on the income..
During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150.
Discuss why individual has different way of choosing different method of accounting and corporation Law or Conceptual Frameworks reducing different choice of Accounting Method? Or Standardization will resolve this issue.
question 26 pepsico inc. the parent company of frito-lay snack foods and pepsi beverages had the subsequent current
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