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Prepare a revenue budget for Happy Home Health Agency. Blue Cross members can only be charged $60 for a nurse visit by the agency, even though the agency normally charges $75. Aetna Insurance Company has agreed to pay 80% of the agency’s normal charge. Medicaid regulations call for it to pay the cost of care, and that the cost of each visit is $45. Suppose further that Medicare has a fee schedule that calls for it to pay $50 for this type of patient. The agency give a $50 discount to poor, uninsured patients, charging them only $25. Happy expects 40 Blue Cross, 15 Aetna, 20 Medicaid, 50 Medicare, 25 uninsured visits, and 20 self-pay visits. Of the self-pay patients, three-quarters pay their full charge, but one-quarter never pay any of their bill. Prepare a revenue budget for Happy Home Health Agency. Will Happy have a profit or loss?
A company's stockholders' equity account balances appear below. Fifty thousand shares of common stock are authorized, and 2,500 shares have been reacquired. How much is total stockholders' equity?
Why does it matter whether Social Security is considered a pension plan or an entitlement program? How does the Federal Accounting Standards Advisory Board (FASAB) direct that Social Security be reported? What unique issues does the federal governmen..
Newfield Corp. holds a portfolio of trading securities. Suppose that on October 15, Newfield paid $85,000 for an investment in Turok shares to add to its portfolio. At December 31, the market value of Turok shares is $96,000.
What is total amount of Revenue from Long-Term Contracts recognized for 2010 and what is the balance in the Accounts Receivable account assuming Cannon Cafe has not yet made its last quarterly payment?
tom brady shop began operations on 2nd january 2012. the subsequent stock record card for footballs was taken from the
A project has a first cost of $14,000, uniform annual benefits of $2400, and a salvage value of $3000 at the end of its 10-year useful life. What is the net present worth at an interest rate of 12%?
Estimated revenues from the subsequent sources were legally budgeted. Appropriations for the subsequent functions were legally budgeted.
Hammonds Hammocks produces and sells top-of-the-line Brazilian-style hammocks. The company prepared a production budget for the second quarter of the year which revealed that required production is 15,000 hammocks for April, 12,500 for May, and 12,50..
Prepare comparative condensed income statements for 2012 under FIFO and LIFO and inventory cost flow method produces the inventory amount that most closely approximates the amount that would have to be paid to replace the inventory
Explain why the company's supply chain strategy is successful, for example, the selection and management of suppliers, and determination of information needs and systems. What advantage does Zara gain against the competition by having a very responsi..
The family and friends usually give the clerk cash as a"thank you". Illustrate which procedure will not prevent or detect this fraud?
on 1st january2004 haden company as lessor entered into a non-cancelable lease agreement with sandy corporation for
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