Answer:
Some facilities are privately owned, some are funded and run by the government, and some are run by nonprofit organizations.
Explanation:
The Healthcare cluster has healthcare operators such as doctors, nurses, pharmacists, and paramedics. The cluster is about the provision of health care services to the public. Facilities in the health care cluster include hospitals, clinics, health centers, chemists, pharmacies, nursing homes, medical laboratories, and many others.
The facilities in this cluster are owned and operated by different groups. The government funds and manages public health care facilities. Non-profit making organizations such as churches and other donors also own facilities that offer health care services. Private entrepreneurs are also in the health service business.
Yes. It will only affect the asset portion of the company's balance sheet.
When the company buys the one-year insurance policy, the journal entries will be:
Debit Credit
Prepaid insurance 1,000
Cash 1,000
When the insurance expires after a year, the journal entries will be:
Insurance Expense 1,000
Prepaid Insurance 1,000
Note:
Prepaid Insurance and Cash are both found in the assets section of the balance sheet.
Insurance Expense is found in the Income statement of the company and not in the balance sheet.
Amount to be recorded for accounts receivable would be $15000.
<u>Explanation:</u>
Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by the customers till now. So they will go in the accounts to still be receivable.
Benefits of having a mindfulness life is that you will think before making decisions.
Answer:
40 days.
Explanation:
In the absence of the information about opening receivables, the closing figure is assumed to be the average accounts receivables,
Hence,
Debtors Turnover Ratio for Reagan:
= Sales ÷ Average Accounts Receivables
= $608,000 ÷ $73,922
= 8.22 times
Assuming that the number of days in a year as 365,
the firm's days sales uncollected for the year works out to:
= 365 days ÷ Debtors Turnover Ratio
= 365 ÷ 8.22
= 40.40 or 40 days.
