Why have many insurers replaced retrospective reimbursement methods with prospective payment methods

Answer:

B Installment credit

Explanation: An installment credit loan can have a repayment period lasting from months to years until the loan is paid off.

The given information involves various transactions related to prepayments and advance receipts. Let's analyze each transaction and identify the corresponding asset, liability, or equity item that was reduced.

1. Purchased a 1-year insurance policy on June 1 for $1,836 cash.

This transaction involves the prepayment of an insurance policy. The asset "Cash" is reduced by $1,836, and the asset "Prepaid Insurance" is increased by the same amount.

2. Paid $6,630 on August 31 for 5 months' rent in advance.

In this transaction, the payment made for 5 months' rent in advance reduces the asset "Cash" by $6,630. The asset "Prepaid Rent" increases by the same amount.

3. On September 4, received $3,672 cash in advance from a corporation for sponsoring a game each month for a total of 9 months.

Here, the receipt of cash in advance for future game sponsorships results in an increase in the asset "Cash" by $3,672. The liability "Unearned Service Revenue" is recorded with the same amount, representing the obligation to provide the game sponsorships.

4. Signed a contract for cleaning services starting December 1 for $1,020 per month. Paid for the first 2 months on November 30.

This transaction involves the prepayment for cleaning services. The payment made for the first two months reduces the asset "Cash" by $2,040. The asset "Prepaid Cleaning" is increased by the same amount, representing the prepayment.

5. On December 5, received $1,530 in advance from a gaming club. Determined that on December 31, $490 of these games had not yet been played.

Upon receiving the advance payment of $1,530, the asset "Cash" increases. However, since $490 worth of games had not been played by the end of the year, the liability "Unearned Service Revenue" is reduced by $490.

In summary, the asset, liability, or equity items that were reduced due to the transactions are as follows:

- Prepaid Insurance (Asset)

- Prepaid Rent (Asset)

- Unearned Service Revenue (Liability)

- Prepaid Cleaning (Asset)

- Unearned Service Revenue (Liability)

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The year-end adjusting entry is recorded as a credit to the account vacation benefits payable, option (b) is correct.

The year-end adjusting entry for Abby Co. would involve accruing the paid time off that employees have earned but not yet taken. This accrual represents a liability that the company owes to its employees for their accrued vacation time. The account credited in the adjusting entry would be "vacation benefits payable."

By recording credit to the "vacation benefits payable" account, Abby Co. acknowledges the obligation to pay out accrued vacation benefits to its employees. This liability reflects the amount of vacation time that employees have earned but have not utilized by the end of the year. The adjusting entry helps accurately report the company's financial position by recognizing the liability for unpaid vacation benefits, option (b) is correct.

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The complete question is:

Abby Co. allows each employee two weeks of paid time off during each calendar year. Since employees are working for 50 weeks rather than 52 weeks, Abby must accrue the paid time off during the 50 weeks that the employees work. The year-end adjusting entry is recorded as a credit to the account ________.

(multiple choice question)

a) employee taxes payable

b) vacation benefits payable

c) employee wages payable

If the HE-39435 company lost $40,000 last year, its sales revenue must have amounted to c. $740,000.

The break-even point is when total revenues equal total expenses. In this case, the break-even sales revenue is $900,000, and the variable expenses are 75% of sales. Since the company lost $40,000 last year, we can say that its total expenses must have been greater than its total revenue.

Thus, to find the sales revenue, we can set up the equation: $900,000 = (sales revenue) - (75% of sales revenue) - $40,000. Solving for sales revenue gives us $740,000. This means that the sales revenue must have been at least $740,000 in order for the company to have lost $40,000.

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Two conditions are-

The income must first be generated, which usually implies that the client has received the commodity or service. Second, the revenue must have been achieved or is projected to be realized, meaning that the customer has paid or is expected to pay for the goods.

An asset condition assessment is a study that outlines how a company may manage capital assets in order to optimize asset management operations. Asset Condition Assessments (ACAs) are typically associated with businesses that manage physical assets such as bridges, roads, and equipment and are used to determine whether they are penetrative maintenance or corrective work is needed to preserve an object's worth and extend its useful life.

Some people refer to property condition assessments as "property condition assessments" when referring to structures.

An Asset Condition Assessment (ACA) shows how companies can improve their asset management operations by managing their investments more effectively.

Asset condition evaluations are used by businesses to decide on preventative maintenance or corrective work to protect an object's worth and extend its usable life.

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You always need to evaluate both the block and the landing page. For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.

The quality of the web page and the material inside the block are both taken into account when determining if a requirement is met. The Needs fulfilled rating would not succeed if the landing page's quality was acceptable but the desired content was not delivered.

Videos, live cricket scores, and sports videos are all included in the special content result block and may be seen right away after entering the search term.

When a user searches in websites that are related to their search query, the possibility of finding distinct content that seems irrelevant to them exists in the online search result block.

In particular content result blocks, only the content inside the block is evaluated.

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A Rate for Return is a net gain or loss of an investment over a specified time period, expressed as a percentage of the investments initial cost, when calculating the rate and return you are determining the percentage chage from beginning of the period until the end.

Answer:

that Is good

hdhdhdjdnnZkg

Answer:

measurable

Explanation:

defining a hypothesis

We can see here that the following is true about classified stock: 5. more than one answer above is correct

A classified stock refers to a type of stock that has different classes or categories, each with its own unique rights and characteristics. These classes are typically denoted by letters such as Class A, Class B, Class C, and so on.

The purpose of classifying stocks is to differentiate the rights and privileges associated with each class. The distinctions between classes can vary but often involve differences in voting rights, dividend payments, and priority in the event of liquidation or other corporate actions.

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Answer:

knowledge of math skills.

Explanation:

Analyzing the above question, it can be considered that Jessie used her knowledge of math skills, because before she placed an order for the necessary materials, she measured and measured again to make sure her numbers were correct, so she could only check the numbers and the veracity of your measurements, if you have mathematical knowledge.

It follows that Jessie has knowledge and skills in mathematics, for having information learned about mathematics, and skills for knowing how to apply her knowledge, as demonstrated in the question.

Answer:

knowledge of math skills

Explanation:

She is using math for calculations

Answer: I hope this is helpful mark brainlist if right then no if wrong

Explanation:

Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.

Answer:

i can't understand your question bro

The correct option is A, The conclusion is Some exports are GMOs. Some exports are GMOs because some exports are foods and all GMOs are foods.

Exports are commodities or services that are created in one nation and offered to customers in another. The process of exporting involves the transfer of goods or services from the producing country to the importing country, which takes place through various trade channels such as shipping, air transportation, or online platforms. Exports play a crucial role in the economic growth of a country as it provides an opportunity for companies to increase their revenue and profits by reaching a larger customer base.

Exporters must comply with international trade regulations, tariffs, and other trade barriers imposed by the importing country. Additionally, they must also ensure that their goods or services meet the quality standards and regulations of the importing country.

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Complete Question: -

What is the conclusion? Some exports are GMOs because some exports are foods and all GMOs are foods.

a. Some exports are GMOs.

b. All foods are GMOs.

c. Some exports are foods.

d. All GMOs are foods.

According to The Secret to Being Creative, the author quotes financial blogger Josh Brown as saying that blogging is fundamentally about creative and original thought. This means that bloggers should strive to create unique and innovative content that reflects their individual perspective and ideas.

Josh Brown's quote suggests that blogging is not simply a derivative form of writing or a means to generate intellectual property, but rather a platform for individuals to express their creativity and share their insights with the world. By emphasizing the importance of original thought in blogging, Brown underscores the value of authenticity and individuality in online communication. Aspiring bloggers should take this advice to heart and focus on developing their own voice and perspective, rather than simply regurgitating information or repeating what others have already said. Ultimately, the most successful bloggers are those who are able to connect with their audience through their unique and creative content, and who are able to inspire and engage others with their ideas and insights.

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Answer:

Waves are created when a source of energy causes a medium to vibrate. A vibration is a repeated back-and-forth or up-and-down motion. This motion is the source of the wave. Waves are classified according to how they move.

Explanation:

Answer:

One Page Marketing

Explanation:

One Page Marketing Plan can help simplify and maximize your marketing efforts as well as help you create an actionable to reach your business goals.

The vacations payable account balance at December 31, 20x2, is $184,800. To calculate the vacations payable account balance at December 31, 20x2: Let's look into employee information:

We need to determine the amount of vacation time earned but not taken by the employees. This is calculated by multiplying the number of unused vacation days with the wage rate per hour and the number of hours per day. In 20x1, each employee earned 10 vacation days, which amounts to a total of 3,000 vacation days (10 days * 300 employees). Assuming all employees took 3 days of vacation in 20x1, there were 2,700 vacation days remaining (3,000 - 300).

In 20x2, each employee earned another 10 vacation days, which amounts to a total of 3,000 vacation days (10 days * 300 employees). However, in 20x2, employees took 12 days of vacation, which means they used more vacation days than they earned. Therefore, we need to adjust for the excess days used. The excess vacation days used in 20x2 are 12 days - 10 days = 2 days per employee. So, the total excess days used by all employees are 2 days * 300 employees = 600 days. To calculate the vacations payable account balance at December 31, 20x2, we subtract the excess vacation days used from the remaining vacation days earned but not taken in 20x1: 2,700 days - 600 days = 2,100 days.

Finally, to determine the account balance, we multiply the remaining vacation days (2,100 days) by the wage rate per hour ($11.00) and the number of hours per day (8 hours): 2,100 days * $11.00 * 8 hours = $184,800. Therefore, the vacations payable account balance at December 31, 20x2, is $184,800.

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It can be deduced that the months-of-supply for an item will be less than the days-of-supply.

Supply simply means the quantity of goods and services that a supplier or producer is willing to sell at a particular time and a given price.

The months-of-supply for an item in inventory will always be less than the days-of-supply for the identical item.

In conclusion, the correct option is less than.

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Answer:

If you've spotted an error on one of your credit reports, you should take immediate steps to correct the inaccuracy.

-Send a letter to the credit bureau.

-Determine if you should contact the data furnisher as well.

Explanation:

okay?

This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.

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Answer:

Explanation:Explanation is\(^{}\) in a filely/3fcEdSx

bit.\(^{}\)

Important factors in calculating the credit.

The answer is payments history, length of the credit history, and the public records. Also the number of inquiries and the available credit. The credit score tells us about the standing of the account in the name if the individual and the organisation.

Hence the answer is linked to credit card and its history.

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Answer:

B) 264 seats

Explanation:

'Top' is the number of seats per table.

17 tables with 4 seats will have

17 x 4 = 68 people

28 2-top tables

28 x 2 =56 seats

15, 6-top tables

15 x 6 =90 seats

5, 10-top tables.

5x10 = 50 seats

Total number of people who can seat

= 68 + 56 +90 +50

=264 seats

Answer:

Features are what something features so for example, if you purchased an item, on the box it might say what is featured inside it (what the items are in the box) on a list, benefits would be the positive impact of having the product

Noelle is concerned about the impact of these tests on protected groups. Adverse impact specifically concerns Noelle.

A protected class will suffer from an adverse impact if a selection process is unfair and discriminatory. It happens when someone from a protected group is treated unfairly during a hiring or promotion decision. Identifying discriminatory practices will make the hiring process more equitable for all candidates by assessing the potential for negative impact at each stage of the selection process and addressing problems as necessary.

Preventing legal action is only one aspect of addressing the underlying causes of negative effects (though of course, this is important). The goal is to create a workforce that is more innovative, productive, and creative while also fundamentally improving hiring fairness.

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Comparing actual results to a budget based on the actual activity for the period is possible with the use of a variance analysis.

A variance analysis is a tool that helps identify the differences between actual results and the budgeted amounts, which are often based on a set of assumptions about the level of activity that will occur during a specific period.

This tool helps organizations determine how closely they have been able to meet their financial goals and objectives, and whether they need to adjust their spending or revenue projections in order to achieve better outcomes in the future.

To conduct a variance analysis, an organization typically compares the actual results of its operations to the budgeted amounts for each expense and revenue category. This comparison helps identify areas where the organization has overspent or underspent its budget, as well as areas where it has generated more or less revenue than expected.

The analysis can be conducted on a monthly, quarterly, or annual basis, depending on the organization's needs and the level of detail required. By comparing actual results to a budget, organizations can better understand their financial performance and make more informed decisions about how to allocate their resources in the future.

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Answer:

A. Social Security tax

Explanation:

A social security tax provides income for retired and disabled people and their families