User Account

All Pages

How much will Bob insurance pay for this loss

Assignment Help Accounting Basics
Reference no: EM133095706

Question - Bob has a major medical policy with a $500,000 lifetime aggregate limit, a $500 annual deductible and 75% participation provision. His health losses for the year include the following: hospital bills of $30695; surgeon's fees of $13551, prescription medication expenses of $2,770. How much will Bob's insurance pay for this loss?

Reference no: EM133095706

Questions Cloud

What should be the depreciation expense in the first year : Gigler Co. uses double declining depreciation method. Gigler purchased a machine on January 1, 2011 at $12,000, What should be the depreciation expense
What is the differential cost between these two options : JP Morgan's job needs one and half hour commuting everyday which costs $700 per month. What is the differential cost between these two options
What should be the depreciation expense for the year : Alcoa decided to write down one of its plant asset value from $50,000 to $40,000. What should be the depreciation expense for the year
At what sales revenue painless dental clinics break even : Assuming the given sales mix is the same at the break-even point, at what sales revenue does Painless Dental Clinics, Inc., break even
How much will Bob insurance pay for this loss : Bob has a major medical policy with a $500,000 lifetime aggregate limit, a $500 annual deductible. How much will Bob insurance pay for this loss
Determine the net income : At the end of the current year, a company overstated prepaid insurance by $70,000. As a result of this error, determine the net income
What the standard quantity multiplied by the standard price : The actual price paid for direct materials was $2.30 per kilogram. What the standard quantity multiplied by the standard price for direct materials
Determine the patent amortization expense : Kleen Company acquired patent rights on January 10 of Year 1 for $400,000. Determine the patent amortization expense
What is the division asset turnover ratio : Assume the Residential Division of Kitridge Faucets had the following results last year: Net sales revenue $4,160,000. What is the division asset turnover ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is its asset turnover

Lollar Corporation has a profit margin of 5.0 percent and its ROA (investment) is 16.25 percent. What is its asset turnover

  What portion of this income must each shareholder include

WRT's ordinary income for the year was $216,000. What portion of this income must each shareholder include in income

  Ryan co purchased a machine on july 1 2011 the machine

ryan co purchased a machine on july 1 2011. the machine cost 250000 and has a salvage value of 10000 and a useful life

  Prepare journal entries for strickland company

Prepare journal entries for Strickland Company and Moran State Bank to record this debt settlement.

  Find and calculate the holding loss on inventory

Inventory Cost, Calculate the holding loss on inventory that will appear on the income statement for the year ended 31 December 20X6.

  Shanken corp issued a 30-year 12 percent semiannual bond 8

shanken corp. issued a 30-year 12 percent semiannual bond 8 years ago. the bond currently sells for 106 percent of its

  Advantages and disadvantages of owning common stock

What are some of the advantages and disadvantages of owning common stock? What are the major types of risks to which stockholders are exposed?

  Prepare the wang cash budget for 2014

Prepare the Wang cash budget for 2014. Date the budget simply "2014" and denote the beginning and ending cash balances as "beginning" and "ending."

  Calculate the present value of the return

You are thinking about investing $5,144 in your friend's landscaping business. Calculate the present value of the return

  Make adjustments to federal adjusted gross income

Make adjustments to your federal adjusted gross income and to your federal itemized deductions in order to figure your California Itemized deductions.

  Mrjones borrows 25 000 from bank b for 10 years he makes

mr.jones borrows 25 000 from bank b for 10 years. he makes semiannual payments of 2 000. the bank receives interest on

  Calculate the amount of the insurance claim

On April 3, 2014, the firm's plant and all of its inventory were destroyed by a tornado. Calculate the amount of the insurance claim to be filed for inventory

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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