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2 years ago

Lauren is a healthy 27-year-old who does not plan to visit the doctor. What are the best reasons for her to find a

Business

2 answers:

goldenfox [79]2 years ago

7 0

Answer:

A & D

Explanation:

just took the test on edgenuity.

gulaghasi [49]2 years ago

6 0

Answer:

It can help her pay for an unexpected medical bill.

Im not sure about the second choice.

Explanation:

Even though Lauren may be a healthy person, accidents happen. You never know, you can fall down the staircase and break your leg, etc. So one good reason for her to choose a health insurance plan anyway would be to help her pay for an unexpected medical bill.

Idk what the second option is to be honest, but I think it’s between

It will reduce the cost of health insurance in the future.

It can help her pay for checkups and preventative care.

Again I’m not sure about the second option so think about it carefully.

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Evelyn invests $5,000 in a savings account that pays interest at a rate of 6.7% compounded annually. If she withdraws half the i

My name is Ann [436]

Answer:

$371

Explanation:

The computation of additional interest during the fourth year is shown below:

but before that we need to do the following calculations

Amount = Principal × (1 + (rate of interest ÷ (1 × 100)))^(1 × number of years)

A = $5,000 × (1 + (6.7% ÷ (1 × 100)))^(1 × 3)

= $5,000 × (1 + (6.7 ÷ 100))^(1 × 3)

= $5,000 × (1 + 0.067)^3

= $5,000 × (1.067)^3

= 5000 × 1.214

= $6,070

Now, Interest gained after 3 years on the amount of Principal is

= $6,070 - $5,000

= $1,070

Here Evelyn issued interest which is half that is earned at the end of the 3rd year

Sp,

Half of the interest gained will be

= $1,070 ÷ 2

= $535

Now,

The new Principal amount for 4th year is

= $6,070 - $535

= $5,535

So, the final amount in the fourth year is

A = P × (1 + (r ÷ n))^(nt)

= $5,535 × (1 + 0.067 ÷ 1 ]^(1 × 1)

= $5,535 × 1.067

= $5.905.845

Hence the additional interest in the fourth year is

= $5,905.845 - $5,535

= $370.845

= $371

Therefore for computing the additional interest during the fourth year we simply applied the above formula.

8 0

2 years ago

Prepare financial statements from an adjusted trial balance (LO3-5) [The following information applies to the questions displaye

Vlad1618 [11]

Answer:

Fightin' Blue Hens Corporation

Income Statement

For the year ended December 31, 2021

Service Revenue $420,000

Operating expenses:

Salaries Expense $320,000
Rent Expense $16,000
Depreciation Expense $32,000 <u>($368,000)</u>

Operating income $52,000

Other revenues and expenses:

Interest Expense $4,200 <u> ($4,200)</u>

Net income before taxes $47,800

*The totals of the trial balance sheet were added incorrectly, they both debit and credit total $876,600.

6 0

2 years ago

The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:

Alisiya [41]

Answer:

Zenith Travel Service

Statement of Owner's Equity for the year ended August 31, 20Y4:

Capital as of September 1, 20Y3 = $456,000

Additional investment 43,200

Retained Earnings (8,400)

Drawings (21,600)

Capital as of August 31, 20Y4 $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawal = $21,600

Income Statement for the year ended August 31, 20Y4:

Fees earned $899,600

Office expense 353,800

Miscellaneous expense 14,400

Wages expense 539,800 908,000

Net income/Retained earnings ($8,400)

b) Zenith's statement of owner's equity is a financial statement that reports the changes in the equity section of Zenith's balance sheet during the year ended August 31, 20Y4. In other words, it reports the events that increased or decreased Megan Cox's equity over the course of the year from September 1, 20Y3 to August 31, 20Y4.

8 0

2 years ago

A commuter bus company uses two measures of activity, routes and commuters, in the cost formulas in its budgets and performance

erastovalidia [21]

Answer:

B. $12,040 Favorable

Explanation:

We will need to calculate first the budgeted cost for bus operating costs in November, which is given by;

C = $56,880 + $2,884* F + $14* N

Where;

F = expected number of routes in the month

N = expected number of commuters in the month

From the passage, the company expected its activity in November to be 89 routes and 256 commuters; we were also informed that the budget for the bus operating costs have been prepared before the actual costs are known.

Therefore, the budgeted cost for bus operating costs in November would be ;

= $56,880 + $2,884 × 89 + $14 × 256

= $56,880 + $256,676 + $3,584

= $317,140

The spending variance for bus operating costs in November would be;

= The actual cost for bus operating costs in November - The Budgeted cost for bus operating costs in November

= $305,100 - $317,140

= $12,040 F

8 0

2 years ago

A machine with a cost of $142,000 and accumulated depreciation of $97,000 is sold for $56,000 cash. The amount that should be re

Temka [501]

A machine would cost $142,000 and the depreciation of $98,000

6 0

2 years ago