A hospital originally recorded all patient services it provided as a $500,000 debit to accounts receivable. Upon review the hospital determined that a contractual adjustment of $200,000 needs to be made, and estimated bad debts of $5,000 need to be recorded. In addition, at the time the receivable was recorded the hospital did not realize $100,000 should be considered charity services. Based on the information provided, what is the net amount of accounts receivable that the hospital would report on its financial statements?
A. $200,000.
B. $195,000.
C. $300,000.
D. $495,000.
Answer: B
You might also like to view...
The basic conjoint analysis model expressing the fundamental relationship between attributes and utility in conjoint analysis is shown below:
U(X) = ijXij What does ki represent? A) 1 if the jth level of the ith attribute is present, or 0 otherwise B) the part-worth contribution or utility associated with jth level (j, j=1, 2, ...ki) of the ith attribute (i, i=1, 2, ...m) C) number of attributes D) number of levels of attribute i
A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual cash inflows of $613,228 for three years. The company's discount rate is 9%. Calculate IRR.
A) 15%
B) 17%
C) 14%
D) 13%
A company that owns more than 50% of the common stock of another company is known as the
A) parent company. B) management company. C) subsidiary company. D) in-charge company.
What type of efficiency exists when competition among individual producers drives all but the lowest-cost producers of goods or services out of the market?
a. Allocative b. Economic c. Strategic d. Productive