At January 1, 2021, Alpha leased restaurant equipment from Payne Corporation under a six-year lease agreement in a finance lease. The lease agreement specifies annual payments of $40,000
beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2025. The equipment was acquired recently by Payne at a cost of $250,000 and was expected to
have a useful life of eight years with no salvage value at the end of its life. Payne seeks a 8% return on its lease investments. The total decrease in earnings (pretax) in Alpha December 31, 2021,
income statement would be:
(Do not add dollar sign; do not add comma by yourself to your amount; round the answer to the whole number)Google.

the pva & pvad tables are on Google so you can use those.

there is no option? that is the full question. answer it or don't but there's no more information.

When you buy a bond, the date of purchase (the settlement date) is often between two coupon payment dates. In this situation, the price you pay (the invoice price) is the sum of the flat price and the accrued interest. Invoice price = Flat price + Accrued Interest For a semi-annual payment coupon bond, the accrued interest

In this exercise, you compute the invoice price of a $1000 par value, 5% semi-annual payment coupon bond maturing on 30th June 2025 for various settlement dates. Use a yield to maturity of 6.2%. a) Calculate the invoice price (as a percentage of par value and in dollars) when the settlement date is 30th June 2019. b) Calculate the invoice price (as a percentage of par value and in dollars) when the settlement date is 5th September 2019. Calculate in excel with functions on how you calculated

Bonita Company sells 8% bonds having a maturity value of $1,420,000 for $1,312,340. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1.

Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.)

eTextbook and Media

Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 38,548.)

QUESTION 33

1. An electrolyte panel (80051) consists of test for carbon dioxide (82374), chloride (82435), potassium (84132), and sodium (84295). If a physician's office bills each component individually on the claim form, this would be an example of which of the following?

   	A.	Unbundling
   	B.	Optimization
   	C.	Sequencing
   	D.	Balance billing

10 points   

QUESTION 34

1. Of the following classification systems, which would be used to locate supply codes for durable medical equipment (DME) and surgical implants?

   	A.	ICD-10-PCS
   	B.	APCs
   	C.	HCPCS
   	D.	ICD-10-CM

10 points   

QUESTION 35

1. A family practitioner requests the opinion of a physician specialist in endocrinology. This specialist reviews the patient's health record and examines the patient. This physician specialist records findings, impressions and recommendations. Which service and type of report are being supplied by the specialist?

   	A.	Consultation
   	B.	Follow-up
   	C.	Interpretation
   	D.	Peer review

10 points   

QUESTION 36

1. All of the following items are packaged into an APC under OPPS, EXCEPT FOR:

   	A.	Recovery room
   	B.	Anesthesia drugs
   	C.	Professional charges
   	D.	Surgical supplies

10 points   

QUESTION 37

1. This means that a service or procedure is reasonable and necessary for the diagnosis or treatment of illness or injury consistent with generally accepted standards of care:

   	A.	Covered charge
   	B.	Excluded service
   	C.	Capitated amount
   	D.	Medical necessity

10 points   

QUESTION 38

1. Once all data are posted to a patient's account, the claim can be reviewed for accuracy and completeness. Many facilities have internal auditing systems. The auditing systems run each claim through a set of edits specifically designed for the various payers. The auditing system identifies data that have failed edits and flags the claim for correction. These internal auditing systems are called what?

   	A.	Scrubbers
   	B.	Clearinghouses
   	C.	Encoders
   	D.	Groupers

10 points   

QUESTION 39

1. Select the official ICD recommendations concerning the coding of secondary ("other") diagnoses for physician and outpatient services.

   	A.	Code all documented conditions that coexist at the time of the encounter, require or affect patient care treatment or management, or have an impact on current care.
   	B.	Code all conditions which coexist at the time of encounter, followed by the appropriate code from the V72 series (Special Investigations and Examinations).
   	C.	Code every condition documented on the encounter form or superbill, regardless of whether or not it has any impact on current health care needs.
   	D.	Do not code secondary diagnoses for physician or hospital outpatient reporting purposes.

10 points   

QUESTION 40

1. In determining which diagnosis code to sequence as first-listed (Primary) for physician or hospital outpatient services, the coder utilizes general coding guidelines, as well as chapter-specific guidelines and sequencing requirements of the tabular section. In addition, which other determinant helps the coder identify which code to list first for such encounters?

   	A.	The condition, diagnosis, problem, or other reason shown in the medical record to be chiefly responsible for the services provided.
   	B.	That condition, diagnosis, problem or other reason listed first in the medical record by the attending provider of service.
   	C.	That condition, diagnosis or problem determined to be most resource-intensive, severe, or acute in the set of diagnoses listed in the medical record.
   	D.	The condition established after study to be chiefly responsible for occasioning the admission the admission to the hospital.

10 points   

QUESTION 41

1. Of the following, which statement is true concerning the use of uncertain diagnoses for physician and hospital outpatient reporting?

   	A.	Follow internal policy on matters of coding uncertain diagnoses for outpatient or physician services.
   	B.	Query the provider on whether to code uncertain diagnoses for physician or outpatient services.
   	C.	Code uncertain diagnoses as if they actually exist.
   	D.	Do not code uncertain diagnoses, but code to the highest degree of certainty.

Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost $360. In each town, some people enjoy fireworks more than others.

In the town of Bayport, each of the residents values the public good as follows:

The total benefit of the fireworks display to the town of Bayport is _________

.

Therefore, fireworks ______ pass the cost-benefit analysis in the town of Bayport.

The mayor of Bayport proposes to decide by majority rule and, if the fireworks referendum passes, to split the cost equally among all residents.

Who would vote in favor of the fireworks referendum? Check all that apply.

Tim

Alyssa

Brian

The vote ____________ yield the same answer as the cost-benefit analysis.

In the town of River Heights, each of the residents values the public good as follows:

The total benefit of the fireworks display to the town of River Heights is ________

.

Therefore, fireworks ____________ pass the cost-benefit analysis in the town of River Heights.

The mayor of River Heights also proposes to decide by majority rule and, if the fireworks referendum passes, to split the cost equally among all residents.

Who would vote in favor of the fireworks referendum? Check all that apply.

Crystal

Edison

Hilary

The vote _______ yield the same answer as the cost-benefit analysis.

Which of the following statements is correct about the provision of public goods? Check all that apply.

a. Majority rule is the most efficient way to determine the amount of public goods a society should produce.

b. It is hard for the government to decide the appropriate amount of public goods to produce because people have differing preferences regarding such goods.

c. The government always provides the exact types of public goods that everyone in the society wants.

Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains 12 quarts of synthetic oil. To achieve this level of production, Slick purchased and used 16,500 gallons of direct materials at a cost of $20,774. It also incurred average direct labor costs of $14 per hour for the 4,160 hours worked in May by its production personnel. Manufacturing overhead for the month totaled $9,743, of which $2,200 was considered fixed. Slick's standard cost information for each case of synthetic motor oil is as follows.

Required:

a. Compute the materials price and quantity variances.

b. Compute the labor rate and efficiency variances.

c. Compute the manufacturing overhead spending and volume variances.

d. Prepare the journal entries to:

1. Charge materials (at standard) to Work in Process.

2. Charge direct labor (at standard) to Work in Process.

3. Charge manufacturing overhead (at standard) to Work in Process.

4. Transfer the cost of the 5,000 cases of synthetic motor oil produced in May to Finished Goods.

5. Close any over- or underapplied overhead to cost of goods sold.

Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains 12 quarts of synthetic oil. To achieve this level of production, Slick purchased and used 16,500 gallons of direct materials at a cost of $20,011. It also incurred average direct labor costs of $13 per hour for the 3,935 hours worked in May by its production personnel. Manufacturing overhead for the month totaled $9,116, of which $2,200 was considered fixed. Slick's standard cost information for each case of synthetic motor oil is as follows. Direct materials standard price $ 1.30 per gallon Standard quantity allowed per case 3.25 gallons Direct labor standard rate $ 16 per hour Standard hours allowed per case 0.75 direct labor hours Fixed overhead budgeted $ 2,600 per month Normal level of production 5,200 cases per month Variable overhead application rate $ 1.50 per case Fixed overhead application rate ($2,600 ÷ 5,200 cases) 0.50 per case Total overhead application rate $ 2.00 per case

Required:

a. Compute the materials price and quantity variances.

b. Compute the labor rate and efficiency variances.

c. Compute the manufacturing overhead spending and volume variances.

d. Prepare the journal entries to:

1. Charge materials (at standard) to Work in Process.

2. Charge direct labor (at standard) to Work in Process.

3. Charge manufacturing overhead (at standard) to Work in Process.

4. Transfer the cost of the 5,000 cases of synthetic motor oil produced in May to Finished Goods.

5. Close any over- or underapplied overhead to cost of goods sold.

The condensed income statement for the Peri and Paul partnership for 2017 is as follows. PERI AND PAUL COMPANY Income Statement For the Year Ended December 31, 2017 Sales (240,000 units) $1,200,000 Cost of goods sold 800,000 Gross profit 400,000 Operating expenses Selling $280,000 Administrative 150,000 430,000 Net loss $(30,000 ) A cost behavior analysis indicates that 65% of the cost of goods sold are variable, 45% of the selling expenses are variable, and 44% of the administrative expenses are variable. (Round to nearest unit, dollar, and percentage, where necessary. Use the CVP income statement format in computing profits.) Collapse question part (a) Partially correct answer. Your answer is partially correct. Try again. Compute the break-even point in total sales dollars and in units for 2017. (Round intermediate calculations to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 2,520.) Break-even point in dollars $Entry field with incorrect answer 1275860 Break-even point in units Entry field with correct answer 255172 units SHOW SOLUTION Attempts: 2 of 2 used Collapse question part (b) Peri has proposed a plan to get the partnership “out of the red” and improve its profitability. She feels that the quality of the product could be substantially improved by spending $0.25 more per unit on better raw materials. The selling price per unit could be increased to only $5.25 because of competitive pressures. Peri estimates that sales volume will increase by 25%. What effect would Peri’s plan have on the profits and the break-even point in dollars of the partnership? Amount Effect Profit $ Break-even point $

Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains 12 quarts of synthetic oil. To achieve this level of production, Slick purchased and used 16,500 gallons of direct materials at a cost of $20,365. It also incurred average direct labor costs of $15 per hour for the 3,807 hours worked in May by its production personnel. Manufacturing overhead for the month totaled $9,115, of which $2,200 was considered fixed. Slick's standard cost information for each case of synthetic motor oil is as follows.

Required:

a. Compute the materials price and quantity variances.

b. Compute the labor rate and efficiency variances.

c. Compute the manufacturing overhead spending and volume variances.

d. Prepare the journal entries to:

1. Charge materials (at standard) to Work in Process.

2. Charge direct labor (at standard) to Work in Process.

3. Charge manufacturing overhead (at standard) to Work in Process.

4. Transfer the cost of the 5,000 cases of synthetic motor oil produced in May to Finished Goods.

5. Close any over- or underapplied overhead to cost of goods sold.

Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains 12 quarts of synthetic oil. To achieve this level of production, Slick purchased and used 16,500 gallons of direct materials at a cost of $20,011. It also incurred average direct labor costs of $13 per hour for the 3,935 hours worked in May by its production personnel. Manufacturing overhead for the month totaled $9,116, of which $2,200 was considered fixed. Slick's standard cost information for each case of synthetic motor oil is as follows.

Required:

a. Compute the materials price and quantity variances.

b. Compute the labor rate and efficiency variances.

c. Compute the manufacturing overhead spending and volume variances.

d. Prepare the journal entries to:

1. Charge materials (at standard) to Work in Process.

2. Charge direct labor (at standard) to Work in Process.

3. Charge manufacturing overhead (at standard) to Work in Process.

4. Transfer the cost of the 5,000 cases of synthetic motor oil produced in May to Finished Goods.

5. Close any over- or underapplied overhead to cost of goods sold.