Identify a true statement about point-of-service (POS) plans.
A. They result in high out-of-pocket costs for the care patients get in the network.
B. They combine the features of health maintenance organizations (HMOs) and preferred provider organizations (PPOs).
C. They fail to cover preventive care services.
D. They exclude any form of flat fee for in-network care, and patients pay 80 to 90 percent of the bills for care they get outside the network.
Answer: B
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Under the commercial frustration doctrine, performance is excused when:
A. statutes and legislation make the performance more difficult. B. the promisor impliedly assumes the risk that the event would occur. C. something that is essential to the promisor's performance is destroyed through no fault of the promisor, but its substitute is available. D. events occur after the formation of the contract that would make the return performance of the other party worthless to the promisor.
Discuss the types of analytical reports
What will be an ideal response?
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the units-of-production method.
A. $16,900. B. $20,880. C. $17,400. D. $16,000. E. $18,379.
When Target offered merchandise from the Italian designer firm Missoni, it failed because it did not plan on ______.
a. competition from stores such as Wal-Mart b. competition from cheaper designers c. its capacity properly d. competition from eBay