The Cost Of Health Care Services Essay - 1498 Words

The LCH model posits that people save when income is greater than the resources needed to meet current consumption and that people borrow when income is insufficient. The basic model of the LCH, however, does not explicitly consider financial shocks, such as an unexpected health condition and the corresponding impact to savings or the accumulation of debt. Debt associated with a home or car loan is viewed as a necessity while credit card debt is frequently viewed as excessive spending; but in reality, those in severe credit card debt are often those who have experienced a recent job loss and/or health problems (Drentea Lavrakas, 2000). As people age, their health care needs begin to change. An increase in the consumption of health care services may require the allocation of additional household resources to health care costs not covered by insurance and depleted savings. The increased use of health care services may also lead to increases in borrowing (Kim, Yoon, Zurlo, 2012). As m ore employers eliminate retiree health insurance coverage, retirees will have Medicare as their primary source of health care coverage. Some retirees may even have a gap in coverage if they lose their job or retire prior to the age of 65, when they become eligible for Medicare. This occurrence may lead to a significant number of consumers being exposed to a higher potential for medical debt. Financial shocks, such as medical expenses resulting from health problems, threaten an individual’sShow MoreRelatedDirect Health Care Costs For Health Services Essay726 Words   |  3 PagesDirect health care costs to health services: 1- Staffing : cardiologists 2- Training costs 3- Inpatient services and hospital admission 4- Diagnostic procedures 5- Post-operative care cost ,such as imaging services and ECG costs, and medical devices 6- Consumables : e.g. drugs, suture, dressing, gown 7- Outpatient clinic costs, follow up care, such as cardiologists visit 8- Costs of treating of side effects such as, GPs visit 9- Capital costs: spaces required to provide the new intervention 10-Read MoreHealth Care Costs For Medicare And Medicaid Services1448 Words   |  6 PagesMedicaid Services (CMS), the United States spent $3 trillion on health care in 2014 and the projected growth in health spending for 2015 – 2025 is 5.8 percent per year (Centers for Medicare Medicaid Services, 2015). The prior CMS administrator, Dr. Donald M. Berwick stated in 2011 that 20 to 30 percent of health care spending did not provide any benefit to patients (Perez, 2014). Accountable Care Organizations (ACOs) was created as a strategy to suppress the rising cost and waste of health care byRead MoreOvercoming Language Barriers Health Care : Costs And Benefits Of Interpreter Services1703 Words   |  7 Pagesmethods, utilizing the professional interpretation services yielded in a higher patient satisfaction and privacy in LEP patients. However they realized that use of RSMI method in particular provides higher satisfaction for LEP patients (RSMI 71% vs. UC 64%; P 0.05) and woul d address the language barrier in proving care to limited-English-proficient patients. Overcoming language barriers in health care: costs and benefits of interpreter services Jacobs, E. A., Shepard, D. S., Suaya, J. A., StoneRead MoreThe Rising Costs of Healthcare in the United States of America811 Words   |  3 PagesHealth care costs: on the rise again 1. Introduction Sherry Glied approaches one of the most critical and stringent issues currently tormenting the United States of America the rising cost of health care. The problem has represented a focal point on the agenda of virtually all political programs, but a solution has yet to be successfully implemented. The reasons as to why a solution is so difficult to find is pegged to the complexity of the problem itself, in the meaning that the causes of theRead MoreLowering Health Care Costs Essay1027 Words   |  5 PagesHealth care expenditures is an increasing proportion of gross domestic product (GDP) in Organization for Economic Cooperation and Development countries as its share in GDP increased by an average of nearly 2 percent annually in last 40 years. Health care expenditures in the US increased 6.2 on average annually between 1991 and 2011. Health care spending consisted 17.9 percent of GDP in the US in 2011. There are many elements affecting increases in health care costs. The proportion of old people inRead MoreManaged Care Programs Defined By Merriam Webster.com Essay1540 Words   |  7 PagesManaged Care Programs Defined Managed care as defined by Merriam-Webster.com is â€Å"a system of providing health  care  (as by an HMO  or a PPO) that is designed to control costs through  managed  programs in which the physician accepts constraints on the amount charged for  medical care and the patient is limited in the choice of a physician.† While the definition is appropriate for health plans, physicians and government entities focused on cost control and utilization reduction; it does not includeRead MoreThe Patient Protection And Affordable Care Act974 Words   |  4 PagesPreventative Healthcare and Health Care Reform The Patient Protection and Affordable Care Act (ACA) is a large bill concerning and affecting health care which was signed into law in 2010. The bill was brought about in attempts to eliminate health care disparities. The bill is divided into ten sections which are called titles. Under each title are subtitles and sections. Title I describes the goal of quality, affordable healthcare for all Americans. There are many changes to health care with the new bill.Read MoreEssay On Health Care Cost1270 Words   |  6 PagesThe everyday American is faced with the cost of health care which covers, treats, and prevents illness. Health care costs include and extend into vast areas such as; insurance, medication, procedures, co-pays, medical testing, and more. Currently, the United States is facing sky rocketing health costs, a decline in quality of services, and minimal access to quality and cost-efficient care. In the year 2015, the National Health Expenditure was roughly $3.2 trillion dolla rs, which equates to approximatelyRead MoreCost and Quality in Healthcare1063 Words   |  4 PagesCost and Quality in Health care: Incrisis Hospital has largely been concerned with the increase in the number of calls from its patients about the quality of health care from various departments at the hospital including oncology, X-ray/lab, surgery, and emergency room departments. The health facility is an acute hospital established in 2006 and has been successful in most of its operations despite of the recent increasing discontent from its patients. As part of promoting and supporting high qualityRead MoreThe Affordable Care Act : A Catalyst For Payment And Delivery System Reform1681 Words   |  7 PagesThe fragmented and misaligned state of the U.S. health care system has become a catalyst for payment and delivery system reforms. Traditional fee-for service (FFS) payment structures incentivize high volume rather than high quality care, and lead to the suboptimal provision of medical services across the disjointed provider landscape. Despite various attempts to improve care delivery, health care costs continue to rise. The Accountable Care Organization (ACO) model seeks to reverse these trends by

Business Ethics And Corporate Social Responsibility

Social Responsibility ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financial benefits from the sales of products. Consequently, managing business in a socially responsive manner contributes to the best combination of business success and societal acceptance, trust and loyalty. Giving back to the community in ways that benefits only society such as planting trees to curb pollution and help the environment or using biodegradable materials in packaging can reap financial benefits to a company by building loyalty among the community. The notion of business ethics and corporate social responsibility is becoming a defining concept in all industries worldwide. ITC believes in the Triple Bottom Line philosophy where the performance and perception of a corporation should not be judged only on the basis of its financial statements or revenues, but its environmental and social performance as well. ITC is one of the only companies in the world to be carbon positive, water positive, and conduct solid waste recycling. ITC provides water to areas where water is veryShow MoreRelatedBusiness Ethics And Corporate Social Responsibility Essay1382 Words   |  6 PagesSOLUTION Business Ethics Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business. Acting in an ethical way involves distinguishing between â€Å"right† and â€Å"wrong† and then making the â€Å"right† choice. It is relatively easy to identify unethical business practices. For example, companies should not use child labor. They should not unlawfully use copyrighted materials and processes. They should not engageRead MoreCorporate Social Responsibility And Business Ethics8391 Words   |  34 Pages CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS ETHICS Final Project Report for Legal Aspects of Management Submitted To Prof. Dr. D.S. Sengar Professor, IIM Lucknow Submitted By Group 9 Abhinav Bansal, PGP31186 Chheda Adarsh Jayesh, PGP31199 Manideep Akarapu, PGP31213 Ritika Srivastava, PGP31226 Surbhi Aggarwal, PGP31239 â€Æ' Table of Contents Executive Summary 3 Acknowledgement 4 Business Ethics 5 Corporate Social Responsibilty 7 CSR Law 7 Crisis Management CSR 10 Read MoreBusiness Ethics and Corporate Social Responsibility756 Words   |  4 PagesBusiness Ethics and Corporate Social Responsibility April Duhon DeVry University The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not? The effectiveness of the laws that the United States have that are intended to further fair, balanced, and competitive business practices depends on how ethical a business is. Below I will explain why I do not believe theseRead MoreBusiness Ethics And Corporate Social Responsibility1502 Words   |  7 Pages Nowadays, a business wants to exist and grow in a society, which business ethics and corporate social responsibility are sensitive and crucial objectives, the business should do what is right. Many people agree that business does not exist beyond society, it is a citizenship in the society. Therefore, business has to have many certain obligations and social responsibility. It generally means business have to do something good for the community, making social contribution, and using effectivelyRead MoreBusiness Ethics : Corporate Social Responsibility Essay1675 Words   |  7 PagesSeydina M. Fall E-Business Ethics A corporation must try to avoid egregious negative externalities, must actively promote corporate social responsibility (CSR), and must engage in philanthropy. Let’s take the example of the mining industry, in which 75% of mining companies (diamonds, copper, uranium, cobalt, etc.) are listed on the Toronto Stock Exchange1. For Canada, mining is a source of economic prosperity that brings along with it some risks. To maintain their competitive advantage, it is crucialRead MoreCorporate Social Responsibility : Business Ethics1964 Words   |  8 Pagesfrom the variety of companies that they have the option to endorse. A business can spend millions of dollars on advertising, researching, sampling and surveying customers all of which can be undone by a mistake that ruins their reputation. Corporate social responsibility is a term that has its origins in the 1950s. It refers to â€Å"situations where the firm goes beyond compliance and engages in actions that appear to further som e social good, beyond the interests of the firm and that which is required byRead MoreCorporate, Social Responsibility And Business Ethics1958 Words   |  8 PagesCONCEPTS applied by the organization CAT (based on 3 units-communication skills, ethics and behaviour, goal settings) We did some research online and decided to choose CATERPILLAR as our subject. Its performance is used as an indication to figure out world’s economy today. This is a six sigma company and follows all the quality standards and all the business process discussed in the text book. Thus we have applied our concepts and applications based on the work done by Caterpillar Inc. It is anRead MoreBusiness Ethics and Corporate Social Responsibility Essay722 Words   |  3 PagesEthics are a collection of principles of right conduct that shape the decisions people or organizations make. In a market economy, a business put all possible effort in its own best interest in order to make the best profit. In other hand, businesses are involved each other in that process. It’s ethical in business to do the best possible for your own business without harm the interests or profits to other businesses involved. Ethical behavior is what all carrier people should have in all businessesRead MoreCorporate Social Responsibility : A Business Ethics Stance Essay897 Words   |  4 PagesCorporate Social Responsibility From a business ethics stance â€Å"corporate social responsibility† (Velazquez, 2007, pp. 23), refers to the social interest an organization manifest in the environment it operates. SoftMagic has not seized opportunities from corporate social responsibility. In the U.S., the use of pro-bono activities to develop networking is fundamental considering that multiple leaders of different firms participate and engage in activities that consequently offer an opportunity toRead MoreBusiness Ethics, Corporate Social Responsibility, Integrity, And Integrity1318 Words   |  6 PagesAbstract The success of business now a days is apparent, but recently there is much concern in the business (and in society) literature and in the general press on whether business fulfils its social role responsibly. Business ethics, have been created in recent years as responses to an increasing sense of corporate wrong doing. This essay attempts to discuss what business ethics are for improvement of business behavior to the satisfaction of the â€Å"constituents† of business, i.e. the major stakeholders Business Ethics And Corporate Social Responsibility Nowadays, a business wants to exist and grow in a society, which business ethics and corporate social responsibility are sensitive and crucial objectives, the business should do what is right. Many people agree that business does not exist beyond society, it is a citizenship in the society. Therefore, business has to have many certain obligations and social responsibility. It generally means business have to do something good for the community, making social contribution, and using effectively resources in a way that next generations can continue to use them. Especially, business managers should pay attention not only their companies’ financial aspects, but also their social and environmental contributions. In the past, TideeKleen used to be a famous company in its fields, with strong reputation for social and environment responsibility. Unfortunately, the company hit temporarily financial and reputational issues. Standing among three tough choices, the company should make de cision which satisfies all parties related, helping the company overcome the issue, and bringing the most benefits for the company about financial and reputational aspects. Firstly, what do utilitarian comment about three options? Let’s consider option A, TK could benefit from avoiding legally its responsibility and expenses, increasing in stock price. Furthermore, its stock owners would pass over financially issues. However, the option A harms its creditors, older worker, contaminated site, and theShow MoreRelatedBusiness Ethics And Corporate Social Responsibility Essay1382 Words   |  6 PagesSOLUTION Business Ethics Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business. Acting in an ethical way involves distinguishing between â€Å"right† and â€Å"wrong† and then making the â€Å"right† choice. It is relatively easy to identify unethical business practices. For example, companies should not use child labor. They should not unlawfully use copyrighted materials and processes. They should not engageRead MoreCorporate Social Responsibility And Business Ethics8391 Words   |  34 Pages CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS ETHICS Final Project Report for Legal Aspects of Management Submitted To Prof. Dr. D.S. Sengar Professor, IIM Lucknow Submitted By Group 9 Abhinav Bansal, PGP31186 Chheda Adarsh Jayesh, PGP31199 Manideep Akarapu, PGP31213 Ritika Srivastava, PGP31226 Surbhi Aggarwal, PGP31239 â€Æ' Table of Contents Executive Summary 3 Acknowledgement 4 Business Ethics 5 Corporate Social Responsibilty 7 CSR Law 7 Crisis Management CSR 10 Read MoreBusiness Ethics and Corporate Social Responsibility756 Words   |  4 PagesBusiness Ethics and Corporate Social Responsibility April Duhon DeVry University The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not? The effectiveness of the laws that the United States have that are intended to further fair, balanced, and competitive business practices depends on how ethical a business is. Below I will explain why I do not believe theseRead MoreBusiness Ethics : Corporate Social Responsibility Essay1675 Words   |  7 PagesSeydina M. Fall E-Business Ethics A corporation must try to avoid egregious negative externalities, must actively promote corporate social responsibility (CSR), and must engage in philanthropy. Let’s take the example of the mining industry, in which 75% of mining companies (diamonds, copper, uranium, cobalt, etc.) are listed on the Toronto Stock Exchange1. For Canada, mining is a source of economic prosperity that brings along with it some risks. To maintain their competitive advantage, it is crucialRead MoreBusiness Ethics And Corporate Social Responsibility1512 Words   |  7 PagesSocial Responsibility ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financialRead MoreCorporate Social Responsibility : Business Ethics1964 Words   |  8 Pagesfrom the variety of companies that they have the option to endorse. A business can spend millions of dollars on advertising, researching, sampling and surveying customers all of which can be undone by a mistake that ruins their reputation. Corporate social responsibility is a term that has its origins in the 1950s. It refers to â€Å"situations where the firm goes beyond compliance and engages in actions that appear to fu rther some social good, beyond the interests of the firm and that which is required byRead MoreCorporate, Social Responsibility And Business Ethics1958 Words   |  8 PagesCONCEPTS applied by the organization CAT (based on 3 units-communication skills, ethics and behaviour, goal settings) We did some research online and decided to choose CATERPILLAR as our subject. Its performance is used as an indication to figure out world’s economy today. This is a six sigma company and follows all the quality standards and all the business process discussed in the text book. Thus we have applied our concepts and applications based on the work done by Caterpillar Inc. It is anRead MoreBusiness Ethics and Corporate Social Responsibility Essay722 Words   |  3 PagesEthics are a collection of principles of right conduct that shape the decisions people or organizations make. In a market economy, a business put all possible effort in its own best interest in order to make the best profit. In other hand, businesses are involved each other in that process. It’s ethical in business to do the best possible for your own business without harm the interests or profits to other businesses involved. Ethical behavior is what all carrier people should have in all businessesRead MoreCorporate Social Responsibility : A Business Ethics Stance Essay897 Words   |  4 PagesCorporate Social Responsibility From a business ethics stance â€Å"corporate social responsibility† (Velazquez, 2007, pp. 23), refers to the social interest an organization manifest in the environment it operates. SoftMagic has not seized opportunities from corporate social responsibility. In the U.S., the use of pro-bono activities to develop networking is fundamental considering that multiple leaders of different firms participate and engage in activities that consequently offer an opportunity toRead MoreBusiness Ethics, Corporate Social Responsibility, Integrity, And Integrity1318 Words   |  6 PagesAbstract The success of business now a days is apparent, but recently there is much concern in the business (and in society) literature and in the general press on whether business fulfils its social role responsibly. Business ethics, have been created in recent years as responses to an increasing sense of corporate wrong doing. This essay attempts to discuss what business ethics are for improvement of business behavior to the satisfaction of the â€Å"constituents† of business, i.e. the major stakeholders

Proposal Truancy free essay sample

Truancy can be defined as (a) phenomenon where student skip classes or lectures without permission or acceptable reason. Lately, we observed that every single class that we attended has students who skipped lectures. In other words, the classes never have a full attendance. We realised that this matter has become a serious problem in UTM. The lecturers are also concerned regarding this trend because they feel that this problem could affect the student’s performance. According to the UTM’s examination regulations, student who come less than 80% of their attendance are barred from taking final examination. However, in certain cases, some lecturers do not take the attendance seriously. Consequently, some students would take advantage of this situation and did not attend their classes. Therefore, as part of UTM’s students, we decided to treat this problem seriously by conducting a research about truancy problem among UTM’s student. 2. Statement of problem The problem arises when the student feels that they do not need to attend classes as they manage to study on their own. Besides that, some students do not have the motivation to go to class because they think that the class itself is not interesting. To tackle this problem, we want to know the effects of truancy, especially to the student’s performance throughout the semester. Moreover, we would like to know the student’s and lecturer’s opinions regarding this matter. These are the main questions that need to be answered in order to solve or come out with a solution to this problem. 3. Objective of the research The purpose of this research is to determine how frequently students do not attend their classes throughout the semester. In addition, we would like to compare the CGPA between students who come to classes and those who do not come to classes. Furthermore,the research will explore what the students did when they do not attend classes. The scope of this study is limited to the UTM’s lecturers and students. At the end of this research, we will recommend useful solutions on how to ease the truancy problem among UTM students. 4. Research question 1. What are the reasons for students to play truant? 1. 4. 2 What the effects of truancy on students? 1. 4. What is the CGPA between students who come to classes and those who dont’? 1. 4. 4 What students are doing when they don’t attend classes? 1. 4. 5 What are the subjects that students often like to skip? 1. 4. 6 When is the time students mostly skipped their classes. Is it morning, afternoon,or evening? 1. 4. 7 What can be done to ease truancy problem? 5. Significant Study Many good outcome or benefit we can obtain by conducting this resea rch. One of them is to create awareness among UTM students on how important it is to attend classes so that they can improve their grades. Next, it is easy for lecturers to recognize students who are weak and be able to help them. Besides that, it can make learning process in class more interesting as student can participate by asking question or give opinion to the whole class. Moreover, it would be a waste of money because student pay for their tuition fees which is not cheap that is RM 700. Lastly, it will also benefit students in the future especially during their working days. This is because it can avoid them from easily getting fired by their employer’s for not coming to works. 6. Scope of Research In order to collect data,60 questionaire will be distributed among the students from three faculty which is Faculty of Electrical Engineering ,Faculty of Mechanical Engineering and Faculty of Civil Engineering. Whilst,the interview is limited to 6 students from Faculty of Electrical Engineering which three of them are the type of student who always skipped classes and the others are the type that always attended classes. Besides that,we will interview 4 lecturers only from Faculty of Electrical Engineering. The observation will be carried out in our section which is Section 02,3SEE,Faculty of Electrical Engineering. . Research Methodology In this research,we will considering two sources which is primary sources and secondary sources for data collection among the respondents. The primary sources would be base on questionnaire,interview and observation. On the other hand,we will collect the additional information from journal,newspaper,textbook and article from internet about truancy p roblem to support out primary data. 1. 7. 1Primary data Our primary data will be from questionaire,interview and observation. In order to know why this problem oocur in the first place, weve decided to sk the students directly by asking them to answer questionaire regarding the matter. 60 questionaires will be distributed among the student. In addition, weve come up with the method for collecting information from the students and lecturers which will be by interviewing them directly. We will be interviewing two types of students . The first one will be the type of students who always follow the rules, that is in this case, never skipped lectures. Then,We will ask he or she why he or she never skipped any classes and we will ask their performance throughout the semester as well. Meanwhile, for the second type of students who always skipped and missed classes, we will ask them why they decided to do this and what they actually do during the time they skipped the classes. Furthermore,we will interview some of the lecturers about their opinion regarding to this problem and ask them on the solution how to alleviate truancy among UTMs students. Besides that,we will also collect data and information through observations. This will be carried out by observing the attendance of students in certain clasess as well in particular period of time. Firstly, we will count the number of students in the class and then, we will ask permission from the lecturer to see the attendance list at the end of the class. This is to ensure that the number of students in the class correlates with the total number of students who sign in the attendance list as sometimes students ask their friend to sign on their behalf. From these observations, we aim to know when is the time students mostly skipped their classes, whether it is in the morning, afternoon or in the evening. Then, we hope to come up with a reasonable conclusion based on the data obtained as well as to think of some measures to encounter this problem. 1. 7. 2 Secondary Data Besides collecting data from the primary sources,we will also find the additional information about truancy from journal,newspaper,textbook and article from internet. All of these references are categorised as secondary data. Furthermore,from all of the secondary resources we obtained,we will paraphrasing and summarizing the material in order for us to enhance better understanding on this research.

Balance Sheet and Net Income Essay Example

Balance Sheet and Net Income Paper Balance Sheet and Net Income BY 990 On January 4, 2010, Harley, Inc. acquired 40% of the outstanding common stock of Bike Co. for $2,400,000. This investment gave Harley the ability to exercise significant influence over Bike. Bikes assets on that date were recorded at $10,500,000 with liabilities of $4,500,000. There were no other differences between book and fair values. During 2010, Bike reported net income of $500,000. For 2011, Bike reported net income of $800,000. Dividends of $300,000 were paid in each of these two years. 49. How much income did Harley report from Bike for 2010? DA. 120,000. 0 B. $200,000. OC. $300,000. 0D. 320,000. 0E. $500,000. 26. Under the equity method, when the companys share of cumulative losses equals its investment and the company has no obligation or intention to fund such additional losses, which of the following statements is true? 0 A. The investor should change to the fair-value method to account for its investment. o B. The investor should suspe nd applying the equity method until the investee reports income. 0 C. The investor should suspend applying the equity method and not record any equity in income of investee until its share of future rofits is sufficient to recover losses that have not previously been recorded. D. The cumulative losses should be reported as a prior period adjustment. o E. The investor should report these losses as extraordinary items. 7. What is the primary accounting difference between accounting for when the subsidiary is dissolved and when the subsidiary retains its incorporation? A. lf the subsidiary is dissolved, it will not be operated as a separate division B. lf the subsidiary is dissolved, assets and liabilities are consolidated at their book values C. If the subsidiary retains its incorporation, there will be no goodwill associated with the acquisition D. f the subsidiary retains its incorporation, assets and liabilities are consolidated at their book values E. If the subsidiary retains its incorporation, the consolidation is not formally recorded in the accounting records of the acquiring company Which one of the following accounts would not appear on the consolidated financial statements at the end of the first fiscal period of the combination? Goodwill Equipment Investment in Subsidiary Common Stock Additional Paid-ln Capital . Jansen Inc. acquired all of the outstanding common stock of Merriam Co. on January 1, 2009, for $257,000. Annual amortization of $19,000 resulted from this acquisition. Jansen reported net income of $70,000 in 2009 and $50,000 in 2010 and and $47,000 in 2010 and paid $10,000 in dividends each year. What is the Investment in Merriam Co. balance on Jansens books as of December 31, 2010, if the equity method has been applied? A. $286,OOO B. $296,OOO c. $276,ooo D. $344,OOO E. $300,OOO Webb Co. acquired 100% of Rand Inc. on January 5, 20011. During 2011, Webb sold oods to Rand for $2,400,000 that cost Webb $1 Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold? Clemente Co. owned all of the voting common stock of Snider Co. On January 2, 2010, Clemente sold equipment to Snider for $125,000. The equipment had cost Clemente $140,000. At the time of the sale, the balance in accumulated depreciation was $40,000. The equipment had a remaining useful life of five years and a $0 salvage value. Straight-line depreciation is used by both Clemente and Snider. At what amount should the equipment (net of depreciation) be included in the consolidated balance sheet dated December 31, 2011? A) $110,000. B) $105,000. We will write a custom essay sample on Balance Sheet and Net Income specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Balance Sheet and Net Income specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Balance Sheet and Net Income specifically for you FOR ONLY $16.38 $13.9/page Hire Writer C) $90,000. D) $60,000. E) $100,000. Dalton Corp. owned 70% of the outstanding common stock of Shrugs Inc. On January 1, 2009, Dalton acquired a building with a ten-year life for $420,000. No salvage value was anticipated and the building was to be depreciated on the straight-line basis. On January 1, 2011, Dalton sold this building to Shrugs for $392,000. At that time, the building had a remaining life of eight years but still no expected salvage value. In preparing financial statements for 2011, how does this transfer affect the calculation of Daltons share of consolidated net income? A. Consolidated net income must be B. Consolidated net income must be reduced by $50,400. C. Consolidated net income must be reduced by $49,000. D. Consolidated net income must be reduced by $56,000. E. Consolidated net income must be reduced by $34,300. 8. How would consolidated earnings per share be calculated if the subsidiary has no convertible securities or warrants? A. Parents earnings per share plus subsidiarys earnings per share B. Parents net ncome divided by parents number of shares outstanding C. Consolidated net income divided by parents number of shares outstanding D. Average of parents earnings per share and subsidiarys earnings per share E. consolidated income divided by total number of shares outstanding for the parent and subsidiary Campbell Inc. owned all of Gordon Corp. For 2014, Campbell reported net income (without consideration of its investment in Gordon) of while the subsidiary reported . The subsidiary had bonds payable outstanding on January 1, 2014, with a book value of . The parent acquired the bonds on that date for During 2014, Campbell reported interest income while Gordon reported . What is consolidated net income for 2014? nterest expense consolidated NCI = $406,000 All of the following are variable interests except A. Asset purchase options B. Participation rights C. Lease residual value guarantees D. Guarantees of debt E. Stock Options 8. On June 1, Camco received a contract to sell inventory for 500,000. The sale would take place in 90 days. Camco immediately signed a 90-day forward contract to sell the yen as soon as they a re received. The spot rate on June 1 was $1 = 0240 and the 90-day forward rate was $1 = 0234. At what amount would Camco record the Forward Contract on June 1? 8. Mills Inc. ad a receivable from a foreign customer that is due in the local currency of the customer (stickles). On December 31, 2010, this receivable for 5200,000 was correctly included in Mills balance sheet at $132,000. When the receivable was collected on February 15, 2011, the U. S. dollar equivalent was $144,000. In Mills 2011 consolidated income statement, how much should have been reported as a foreign exchange gait-I? O A. $0. 08. $36,000. OC. $48,000. 0D. $10,000. 0E. $12,000. contract at any point in time except0 A. The forward rate when the forward contract was entered into. B. The current forward rate for a contract that matures on the same date as the forward contract entered into. C. The future spot rate. D. A discount rate. E. The companys incremental borrowing rate. Which of the following funds is a govern mental fund? a) Enterprise fund. 0 b) Debt service fund. 0 c) Internal service fund. 0 d) Agency fund 10. Under modified accrual accounting, revenues should be recognized when they are A. collected. B. realizable. C. reasonably estimable. D. measurable and available. E. earned. 4. Which of the following funds is a fiduciary fund? a) Permanent fund. 0b) Agency fund. DC) Capital project fund. 0d) Debt service fund. The partnership of Clapton, Seidel, and Thomas was insolvent and will be unable to pay $30,000 in liabilities currently due. What recourse was available to the partnerships creditors? A. They must present equal claims to the three partners as individuals. B. They must try obtain a payment from the partner with the largest capital account balance. C. They cannot seek remuneration from the partners as individuals. D. They may seek remuneration from any partner they choose Cleary, Wasser, and Nolan formed a partnership on January 1, 2010, with investments of $100,000, $1 50,000, and $200,000, respectively. For division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annual compensation of $10,000 to Wasser, and (3) sharing the remainder of the income or loss in a ratio of 20% for Cleary, and 40% each for Wasser and Nolan. Net income was $150,000 in 2010 and $180,000 in 2011. Each partner withdrew $1,000 for personal use every month during 2010 and 2011. A. $63 B. $53,000. c. $58000 D. $29,000. E. $51,000.