QUESTION 2

The bank reconciliation statement on 30 September 2018 included the following:
       Outstanding cheques
Cheques not yet presented for payment No. 148 (Dated 10 November 2017) No. 358 (Dated 10 October 2018)
No. 400 (Dated 15 October 2018)
Debits
R 17.00 R 360.00 R 956.50
Credits
R1 255.00
               The bank statement on 31 October 2018 showed a favourable balance of R25 427.50. The general ledger account on the 1 October 2018 showed a debit balance of R25 249.50.
The comparison of the bank statement of October with the bank reconciliation statement of September and the cash journals of October showed the following differences:
1. Entries credited on the bank statement which do not appear in the cash journal for October 2018:
• Deposit R1 255
• Direct deposit R480 by Mr. King.
2. Entries debited on the bank statement which do not appear in the cash journal for October 2018:
• Debit order, R325. It is in favour of Knight Rental for rent.
• Cheque no 358, R360.
• Unpaid cheque, R582.50. This cheque was received from Ms. Queen but the cheque
was returned on 27 October 2018 marked insufficient funds.
• Unpaid cheque, R234.50. This cheque was received from Mr. Jack, deposited on 27
October, and returned on 28 October due to irregular signature.

• Unpaid cheque, R247.50. This cheque was received from Ms. Ace and deposited. It was returned by the bank since it was dated 1 November 2018.
• Cheque no. 223 issued to Mr. Ace for inventory, R1 285, was accidentally entered in the CPJ as R1 375.
• Charges for services fees, R30.50, and cash handling fees, R18.
3. Entries in the cash journal that do not appear on the bank statement:
• Cheque no 229 for R1 150 to Castle Wholesalers dated 15 October 2018.
• Cheque no 243 for R112.50 to Z Zeven dated 1 October 2018.
• Deposited on 1 October 2018, R2 445.
4. Cheque no 48 has not been re-issued to date.
You are required to:
a) Prepare the bank account in the general ledger for the month of October 2018.
b) Prepare the bank reconciliation statement as at 30 October 2018.

Please answer a and b.

1. In this exercise we are interested in comparing the proportion of those who support immigrant policy reform among Hispanics and non-Hispanics. A poll found that out of 800 Hispanics 77% supported immigration reform and out of 900 non-Hispanics 64% supported immigration reform. Test the hypothesis that Hispanics are more likely to support immigration reform than non-Hispanics at alpha = 0.01.

What does probability (random) and non-probability (non-random) sampling mean? Give a short example of how each could be performed to collect data. What are the advantages and disadvantages between probability and non-probability sampling? "Random" is a word that is used too often throughout statistics. Find (or create) two examples of the word "random" being used to represent different meanings.

0. Consider the following non-homogeneous linear recurrence:

   an =−a_n-1 +6a_n-2+125(8+1)·(n+1)·2ⁿ

1. a₀ = 0
   a₁ = 0

   2. (b) Find the solution a_n^(h) to the associated homogeneous linear recurrence. n

   3. (c) Find a particular solution a_n^p to the non-homogeneous linear recurrence.

   4. (d) Find the general solution to the non-homogeneous linear recurrence.

H458 Application Exercise 5 – Physician Services

Physician Payments: Relative Value Units

Last week we learned the calculation of payments for physician services.P

RVU Information

2012:    Code 44389 Work 3.13; PE (Non Facility) 8.4; PE (Facility) 1.91; MP 0.49

               Code 58800 Work 4.66; PE (Non Facility) 4.12; PE (Facility) 3.56; MP 0.79

               Code 13100 Work 3.17; PE (Non Facility) 5.56; PE (Facility) 3.28; MP 0.50

Conversion Factor   $34.0376    

GPCI Information.

2012:    Work GPCI: 0.998         PE GPCI: 0.981                MP GPCI: 0.619

Crystal Lake Memory Care in Winona, Texas has 250 residents. The administrator, Ken Stone, is concerned about balancing the ratio of its private pay to non-private pay patients. Non-private pay sources reimburse an average of $155 per day versus private pay residents who pay 90% of full daily charges. Stone estimates that the variable cost per resident per day is $80 for supplies, food, and contracted services, and annual fixed costs total $10 million.

What is the daily contribution margin of each non-private pay resident?

If 25% of the residents are non-private pay, what will Crystal Lake charge the private pay patients to break even?

What if non-private pay payors cover 50% of the residents? What will Crystal Lake need to charge the private pay patients to break even?

The investors insist that the facility earn $1 million in annual profits. How much must Stone raise the per day charge for the private pay residents in 25% of the residents are non-private pay?

The cost of producing 5-gallon water bottles is given by

   C(q) =0.005q² +2q + 1000. If 2000 5-galllon water bottles are produced, find the

1. Total cost
2. Average cost
3. Marginal cost
4. Marginal average cost.

you have calculated the following , fixed cost = $6000/month , variable cost = $3/unit, revenue = $8/ unit. 1. what is the break even point of the process. 2. quantity to produce for profit of $2000 per year

1. You deposit $2000, $3000, and $4000 respectively at the end of years 1,2, and 3 from today in a mutual fund providing 10% return. Draw a timeline and compute how much your savings will be worth in 3 years.