What was the amount of the insurance check

Assignment Help Financial Accounting
Reference no: EM132608754

Erika Jacobi has Medicorp Insurance, which is an 80/20 policy. Her services today include an office visit ($80.00), urinalysis ($25.00) and ECG ($120.00), which were billed to her insurance company. The insurance approved/allowed $167.00 and paid 80% of the approved/allowed amount, and the patient will be responsible for the remaining 20%; answer the following:

Question 1. How much was charged to the insurance?

Question 2. What was the amount of the insurance check?

Question 3. What was the adjusted amount?

Question 4. How much will the patient be charged

Reference no: EM132608754

Questions Cloud

Prepare a memorandum to the board of directors : Does the published set of group financial statements reveal the company's policy on corporate governance, Audit committees, Sustainability.
Determine the effect on net income : Issue 9%, 10-year bonds at face value for $2,547,000. Determine the effect on net income and earnings per share for these two methods of financing
Public library to offer self-serve kiosks so patrons : Convince your local public library to offer self-serve kiosks so patrons can check their materials in and out.
Find what is total return for the year : $105.30 per value perference share for $103.18 last year.the market price for your perferences share is now $97.38. what is total return for the year?
What was the amount of the insurance check : What was the amount of the insurance check? Erika Jacobi has Medicorp Insurance, which is an 80/20 policy. Her services today include an office visit
What is the adjustment to retained earnings at January : The error was discovered on December 10, 2022. ABC is subject to a 20% tax rate. What is the adjustment to retained earnings at January 1, 2022
Greatest risk to microsoft windows applications : Which threat poses the greatest risk to Microsoft Windows applications? Why?
Prepare the journal entry to record the repairs made : Prepare the journal entry to record the repairs made under warranty. Prepare the journal entry to record the estimated warranty expense for the year.
Preparing consolidated financial statements : Give the worksheet consolidation entry(ies) needed in preparing consolidated financial statements for 20X4 to remove all effects of the intercompany sale

Reviews

Write a Review

Financial Accounting Questions & Answers

  Accounted for in ariba government all type funds

What amount of the foregoing revenues should be accounted for in Ariba's government all type funds?

  How much of the gift is taxable to quinn

Helen receives the $200 lump sum life insurance payment with her friend Alice dies. How much of the payment is taxable to Helen? Quinn is a tax accountant who works very hard for a large corporate client. The clients is please and give her a gift of ..

  How much x and y should the consumer purchase

he consumer has $32 to spend, and the price of X, PX = 4, and the price of Y, PY = 1. How much X and Y should the consumer purchase in order to maximize her utility and How much total utility does the consumer receive?

  Absorption costing and variable costing

Ending inventory value with respect to absorption costing and variable costing: If Freeza collects 80% of its credit sales in the month of the sale and 20% in the month after that sales, how much will Freeza collect in March on a $220,000 credit sale..

  Determine andreas basis in the partnership interest

Determine Andrea's basis in the partnership interest

  Determine the amount of insurance expense rujoub

Determine the amount of insurance expense Rujoub would report on the 2010 income statement and the amount of prepaid insurance (an asset) that Rujoub would report on the December 31, 2010, balance sheet.

  Prepare a forecasted contribution margin income statement

The marketing manager believes that increasing advertising costs by $125,000 in 2018 will increase the company's sales volume to 12,400 units.

  What will profits be if sales turn out to be million

What will profits be if sales turn out to be $5.0 million? (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place.)

  Find the amount f cash paid by the investor would be

When the interest payment dates of a bond are May 1 and November 1 and a bond is purchased on June 1, the amount f cash paid by the investor would

  What is the amount of operating profits that are expected

Al's Brake Shop had sales revenues and operating costs in 2014 of $650,000 and $525,000, respectively. In 2015, Al's plans to expand the services it provides to customers to include lubrication services. Revenues are expected to increase by $85,000 a..

  What is the value of the ending inventory of product

Webster Company produces 35,000 units of product A, 30,000 units of product B, and 14,500 units of product C from the same manufacturing process at a cost of $385,000. A and B are joint products, and C is regarded as a by-product. What is the value o..

  Create various pivot tables to get the necessary subtotals

Use the Excel file to answer the following questions. You will need to create various pivot tables to get the necessary subtotals to answer the questions. How does each salesperson's performance vary by quarter? I noticed that the quarter and year au..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd