User Account

All Pages

What action should joanne take

Assignment Help Accounting Basics
Reference no: EM132833741

Joanne Walters is the administrator of the Saludis S.A. medical office. where 5 medical specialists in Ophthalmology work.

  • Last Monday, Joanne received a reimbursement payment from an insurance company, as this company paid the wrong amount for medical care provided to a patient.
  • Joanne didn't know how to record this payment and decided to put the check in her desk drawer and ignore it.

Problem 1: In your opinion, what action should Joanne take? How should this payment have been recorded?

Reference no: EM132833741

Questions Cloud

Unit 7 Business Law Assignment : Unit 7 Business Law Assignment Help and Solution, Higher National Diploma in Business - Assessment Writing Service - Explain the basic nature of legal system
What are two arguments for or against taking a combined : What are two arguments for or against taking a combined or substantive approach to this audit (ignoring requirement for US publicly traded companies)
What is the cost to process receipts : QuikCard processes credit card receipts for local banks. QuikCard processed 1,400,000 receipts in October. What is the cost to process 1,000 receipts
Explain in steps that you will take to conduct the audit : Closing the financial books and before filing income statement during closing. Explain in the four (4) steps that you will take to conduct the audit.
What action should joanne take : In your opinion, what action should Joanne take? How should this payment have been recorded? Joanne Walters is the administrator of Saludis S.A. medical office.
How you use advocacy and policy to uphold ethical standards : How did you use advocacy and policy to uphold ethical standards, which include data security, regulatory requirements, confidentiality, and client's right.
What would be the total manufacturing cost recorded for job : What would be the total manufacturing cost recorded for Job 205? Compute the predetermined overhead rates used in the Molding Department and Painting Department
Describe the factors that indicate a condition was present : Describe the factors that indicate a (chronic or fatal) condition was present and its impact on the family. Describe the risk factors, stressors.
Determine the maximum amount of personal tax credits : Her husband is 62 years old and has a Net Income For Tax Purposes of $4,840. Determine the maximum amount of 2019 personal tax credits

Reviews

Write a Review

Accounting Basics Questions & Answers

  How do you suggest they set up their business

These losses do not include either the rent or the mortgage payment. How do you suggest they set up their business? Should they buy or rent the building?

  Prepare the entry to record the absorption of dowagiacs

granger company wishes to liquidate the firm by distributing the companys cash to the three partners. prior to the

  Determine the average rate of return on investment

The company's minimum desired rate of return is 12%. Determine the average rate of return on investment, giving effect to depreciation on the investment

  Calculate the break-even point in sales revenue

Prices and cost relationships are expected to be maintained over a range of 1,000 to 10,000 units. Calculate the break-even point in sales revenue

  History of accounting regulations

Find an article in a professional/peer reviewed journal using the library (do not use just a Google search) that discusses the history of accounting regulations.

  Describe the ethical dilemma posed in the situation

Describe the ethical dilemma posed in this situation, who the stakeholders are? and what you would do if you were Craig?This was Joel Craig's first visit

  Prepare the journal entry to record the issuance of bonds

On January 1, 2017, Sarasota Corporation issued $1,740,000 face value, 8%, Prepare the journal entry to record the issuance of the bonds

  How to describe the main line of business of the company

Describe the main line of business of the company. Describe any differences observed in the implementation of this concept, from one country to another.

  Which of these two bonds should the investor select

An investor in the 22 percent tax bracket is trying to decide which of two bonds to select: Which of these two bonds should the investor select

  In which year would it have first been required

If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method

  Identify any variances and deviations

Identify any variances and deviations, and react to them - you may need to adapt the budget. Complete financial reports to ensure control of finances.

  The purchasing department buys the quantities of raw

costello corporation manufactures a single product. the standard cost per unit of product is shown below. direct

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