Questions
Urn 1 contains 10 red balls, 5 green balls and 12 orange. Inside Urn 2 there...

Urn 1 contains 10 red balls, 5 green balls and 12 orange. Inside Urn 2 there are 7 red, 13 green, and 20 orange balls. Flip a coin to choose the urn, so there is a 55% chance to heads, you pick urn 1. If you pick tails, you pick urn 2. Then pick a ball from one of the urns after you flip. If you choose an orange ball, pick again but do this only once.

a) Draw a tree of the situation

b) What is the probability of picking a red ball

c) What is the probability of picking an orange ball

d) Given we picked a red ball, what is the probability we picked from urn 1

In: Statistics and Probability

For the Freestanding Ambulatory Care category, complete the following: For New Jersey: 1.Summarize the state specific...

For the Freestanding Ambulatory Care category, complete the following:

For New Jersey:

1.Summarize the state specific health record (i.e., medical record) documentation guidelines for the healthcare setting, including the statute, regulation, and administrative code reference number.

2.Summarize the state specific health record (i.e., medical record) retention guidelines for the healthcare setting, including the statute, regulation, and administrative code reference number.

3.Summarize the documentation requirements from The Joint Commission, including the standard and section (only for hospital-based care).

In: Nursing

You are the chief accountant for ZM Corp., which is located in Illinois. In November 2017,...

You are the chief accountant for ZM Corp., which is located in Illinois. In November 2017, that state had the second highest unemployment rate in the Midwest: 4.9% (down from 6.1% in January 2015).1 For the past few years, you have noticed that the company’s bad debt rate has been about 7% of year-end accounts receivable. That rate of bad debts has severely affected the company’s profitability…especially since management has steadily been lowering the standards for granting credit to customers.

Your salary structure (as well as that of other corporate managers) allows for a bonus when net income is equal to or greater than a specific percentage of net sales. Unfortunately, that profit metric has not been reached in four years. However, the CEO and CFO (who is retiring after the first quarter of 2018) realized that a change in the bad debts percentage would allow them and you to obtain bonuses in 2017. If bad debts were computed at 2% of year-end A/R rather than 7%, everyone would receive a reasonable (but not extreme) bonus for 2017. The CEO justifies the use of that rate by concluding that, since unemployment in Illinois has been decreasing over the past few years, so will bad debts.

a.   Is a change in a bad debts estimate permissible under generally accepted accounting principles? If yes, explain how such a change is effected. If no, explain why such a change would not be allowed. (1 pt.)

b.   Would making such a change in the bad debts estimate violate any basic accounting concepts? Explain your yes or no answer. (2 pts.)

c.   Provide at least two alternatives to help improve the company’s profit performance. (1/2 pt. for each, up to 1 pt.)

d.   You have a new baby at home as of September 2017. The bonus would help with the added expenses. Additionally, you are up for promotion to CFO next year upon the retirement of the current CFO; allowing the current CEO and CFO to receive their bonuses would certainly bring positive recommendations for that new position.

      1.   Is reducing the bad debts estimate illegal? Explain. (1/2 pt.)

      2.   Is reducing the bad debts estimate unethical, given the CEO’s justification? Explain. (1/2 pt.)

e.   Assume that the CEO and CFO are very adamant that the bad debts percentage be reduced in 2017 to 2% of year-end receivables. The 5% difference is not material to the financial statements. You believe that you will be terminated if you don’t make this adjustment. What should you consider in making your decision? (2 pts.)

1http://www.ncsl.org/research/labor-and-employment/state-unemployment-update.aspx;

http://www.ncsl.org/documents/employ/STATE-UI-RATES-2015.pdf

In: Accounting

Explain FLSA and its purpose. Then choose and explain in detail these two listed labor laws...

Explain FLSA and its purpose. Then choose and explain in detail these two listed labor laws below:

Affordable Care Act (ACA)

Migrant and Seasonal Agricultural Worker Protection Act

Then, explain why labor laws are important to both the employee and the employer?

In: Economics

Completely and thoroughly explain how any type of shoes or boots are made. Discuss the major...

Completely and thoroughly explain how any type of shoes or boots are made. Discuss the major manufacturing operations in detail and explain the sequence in which the operations are performed and explain why the operations are done in that sequence

** Please give as much info as possible**. Thanks

In: Economics

A researcher is interested to learn if there is a relationship between the level of interaction...

A researcher is interested to learn if there is a relationship between the level of interaction a women in her 20s has with her mother and her life satisfaction ranking. Below is a list of women who fit into each of four level of interaction. Conduct a One-Way ANOVA on the data to determine if a relationship exists. State whether or not a relationship exists and why or why not. Explain in as much detail as possible.

No Interaction

Low Interaction

Moderate Interaction

High Interaction

2

3

3

9

4

3

10

10

4

5

2

8

4

1

1

5

7

2

2

8

8

2

3

4

1

7

10

9

1

8

8

4

8

6

4

1

4

5

3

8

In: Statistics and Probability

Having confirmed the positive impact of widget-corn consumption on COVID-19 patients, the government has ordered widget-corn...

Having confirmed the positive impact of widget-corn consumption on COVID-19 patients, the government has ordered widget-corn sellers to charge $5 per kilogram. What type of price regulation policy is this? Briefly explain. Calculate the impact of the policy on the quantity of widget-corn supplied and demanded. Explain the impact of the policy consumer surplus, producer surplus, and total economic surplus. Is the outcome of the government’s policy efficient and, therefore, maintained or abandoned? Explain in detail. please provide me with full answers

In: Economics

Assume the following exchange rates $2.05=£1 in New york ¥410=£1 in London ¥200=$ in Tokyo a)...

Assume the following exchange rates
$2.05=£1 in New york
¥410=£1 in London
¥200=$ in Tokyo
a) What kind of arbitrage is illustrated above?
b)Is it possible for the arbitrageur to make profit or not explain in detail
c)If the dollar per pound in New York reduced to $2.00/£1,is it now possible for the arbitrageur to make profit or not?if it is explain precisely how an arbitrageur might be able to make profit?
d) As arbitrage comes, explain precisely how making profits will come to an end?

In: Economics

A) Describe, define and explain the components of the medical coding systems used at: 1) hospitals...

A) Describe, define and explain the components of the medical coding systems used at:

1) hospitals (ICD codes), and

2) medical practices (CPT & HCPCS codes).

B) Describe, define and explain the methodologies used by both Medicare and Medicaid to pay providers for the following services:

1) hospital in-patient services,

2) physician professional services.

3) out-patient medical services and tests (lab, x-ray, etc.).

C) Describe, define and explain in detail what are DRG's and RVU's and how they are used.

In: Nursing

A) Describe, define and explain the components of the medical coding systems used at: 1) hospitals...

A) Describe, define and explain the components of the medical coding systems used at:

1) hospitals (ICD codes), and

2) medical practices (CPT & HCPCS codes).

B) Describe, define and explain the methodologies used by both Medicare and Medicaid to pay providers for the following services:

1) hospital in-patient services,

2) physician professional services.

3) out-patient medical services and tests (lab, x-ray, etc.).

C) Describe, define and explain in detail what are DRG's and RVU's and how they are used.

In: Operations Management