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Herbert Said:

dolly barton began barton office services in october and during that month completed these transactions:?

We Answered:

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Frederick Said:

Health Insurance Quotes Questions?

We Answered:

This is very difficult to answer because there is no average policy. The premium for an HMO, a PPO and an indemnity plan can vary widely. The premium varies also with the deductible, the co-insurance, the location, the co-pays and what is covered with the policy. The premium goes up greatly with age.

I did a quick quote with some of the companies that I write through and here is the range of premium from lowest premium (also highest deductible and fewest benefits) to highest premium.

Age 20:
M $23 - $224
F $26 - $427
Age 35:
M $31 - $324
F $45 - $553
Age 55:
M $100 - $762
F $100 - $676
Age 62:
M $131 - $822
F $136 - $790

Kay Said:

tax question assign life insurance ownership?

We Answered:

lifeinsurance.awardspace.info - try this one. I have their insurance and, as remember, they can provide such a service.

Marcus Said:

Someone could help me Accounting Assignment?

We Answered:

1. A common business transaction that would not affect the amount of stockholders’
equity is

a. signing a note payable to purchase equipment


2. On June 30, a company paid $3,600 for insurance premiums for the current year and
debited the amount to Prepaid Insurance. At December 31, the bookkeeper forgot to
record the amount expired. The omission has the following effect on the financial
statements prepared on December 31:

d. both (a) and (b)


3. Which of the following criteria must be met before an event should be recorded for
accounting purposes?

c. The event must be measurable in financial terms.


4. A routine collection of a customer’s account balance was recorded and posted as a
debit to Cash and a credit to Sales Revenue. The journal entry to correct this error
would be

a. a debit to Sales Revenue and a credit to Accounts Receivable


5. An accrued expense can be described as an amount

d. not paid and matched with earnings for the current period


6. An adjusting entry will not take the format of which one of the following entries?

b. A debit to an expense account and a credit to a revenue account.


7. At the beginning of the current year the balance in Accounts Receivable was $28,000.
At the end of the current year the balance in Accounts Receivable was $24,000. If
collections from clients during the year were $80,000, then total services rendered on
account were apparently

a. $76,000


8. For a given year, beginning and ending liabilities were $8,400 and $10,000,
respectively. At year-end, stockholders’ equity was $26,000 and total assets were
$2,000 larger than at the beginning of the year. If there was a $2,400 increase in
stockholders’ equity during the year excluding the net income or net loss for the year,
then the company reported a

a. $2,800 net loss for the year


9. Prescott Enterprises paid $1,704 on June 1, 20XX for a two-year insurance policy and
recorded the entire amount as Insurance Expense. At December 31, 20XX, adjusting
entry would be

d. debit Prepaid Insurance and credit Insurance Expense, $1,207

10. Boyd Company’s salaries expense for the current year was $136,000. Accrued
salaries payable on the last day of the year was $17,800, and $8,400 on the first day
of the year. The cash paid for salaries during the current year was

a. $126,600

Florence Said:

2. Assignment: Internal Control and Bank Reconciliations – Due Sunday?

We Answered:

1. Heather Flatt records all incoming customer cash receipts for her employer and posts the customer payments to their respective accounts.
Principle violated (PV) : Separate recordkeeping from custody of assets
If Heather handles receipts from customers, someone else should do the recording.

2. At Netco Company, Jeff and Jose alternate lunch hours. Jeff is the petty cash custodian, but if someone needs petty cash when he is at lunch, Jose fills in as custodian.
PV : Establish responsibilities.
Set a rule that there will be no petty cash payments when Jeff is at lunch. If this is not possible, Jeff and Jose should count the cash together when Jeff goes for lunch and when he returns, so that it can be established who paid what out and if the books balance properly during Jose’s shift.

3. Nadine Cox posts all patient charges and payments at the P-Town Medical Clinic. Each night
Nadine backs up the computerized accounting system to a tape and stores the tape in a locked file at her desk.
PV : Apply technological controls
The back up should be in the form of something more advanced than a tape and it defeats the purpose if the computer and back-up are in the same room. In the case of a fire, both would get caught. The back-up should preferable be in another location.

4. Barto Sayles prides himself on hiring quality workers who require little supervision. As office manager, Barto gives his employees full discretion over their tasks and for years has seen no reason to perform independent reviews of their work.
PV : Perform regular and independent reviews.
Barto should perform regular and unannounced reviews to ensure that his instructions are being followed and controls are being adhered to. He should also bond employees.

5. Desi West’s manager has told her to reduce costs. Desi decides to raise the deductible on the plant’s property insurance from $5,000 to $10,000. This cuts the property insurance premium in half. In a related move, she decides that bonding the plant’s employees is a waste of money since the company has not experienced any losses due to employee theft. Desi saves the entire amount of the bonding insurance premium by dropping the bonding insurance.
PV : Insure Assets and Bond Key Employees.
Desi should not decide by herself to raise the deductible. She should just submit the proposal to do so to her manager and let management decide. In addition, she should reinstate the bond on the employees.

Gail Said:

Can someone please help me with this assignment posted below???

We Answered:

Nobuddy will help u here...i m srry but itz the truth :)