Discuss each stage of the life cycle of an insurance claim. in your discussion, demonstrate your understanding of the following terms:_____
a. claims
b. submission
c. clearinghouse
d. edi era

Part A: Maci had 2 appointments

Part B: Logan had 3 appointments

Part A:

Total income = $170

Charge per appointment  = $60

Tips earned  = $50

Let the number of appointments be x:

Equation: -

170 = 60x + 50

170-50=60x

x=2

So, she Maci made 2 appointments

Part B:

Profit earned = $235

Charge per appointment = $75

Tips earned = $40

Rent paid per appointment = $10

Let the number of appointments be x

Equation:

235 = (75-10)x + 40

235-40 = 65x

195 = 65x

x = 3

So, Logan had 3 appointments

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Insurance value  replace the cost of improvement but does not include the land value because insurance is done only for the building not for the land as it is considered that land is not destructible within the realm of real estate appraisal. Therefore land value is not insured.

Insurance is defined as risk management against the uncertain loss. It hedges the risk against the uncertain loss, damage, illness.

It protects from the financial loss as it is the arrangement in which company provides protection against specified loss but in return they charges the premium installment to be paid.

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Using the OB concepts and tools that best suit the situation is called a contingency approach to management.

What is contingency approach?

The Situational Approach, also known as the Contingency Approach, is founded on the idea that all management is fundamentally situational in nature. The circumstances of a particular situation will have an impact on (if not control) all managerial decisions. There isn't just one effective technique to approach any decision.

Contingency approach to management refers to using the OB concepts and tools that are most appropriate for the circumstance.

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The assumption that because the economy as a whole is better off as a result of a trade treaty, each individual industry must also be better off as a result of the treaty is an example of the: fallacy of division.

This is further explained below.

Generally,  An investment guarantee is often included in the scope of a trade agreement, which is a comprehensive tax, tariff, and trade pact.

In conclusion,  It comes into being when two or more nations reach an agreement on conditions that facilitate their commercial interactions with one another.

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If she is rational, Lucinda will buy 5 of each artefacts which costs $12 each. See explanation below.

A rational consumer is an economic parlance that assumes that while making a decision, customers would always prioritize maximizing their own advantages.

When making a selection, rational consumers choose the alternative that will provide them with the maximum utility and satisfaction.

Hence, as a rational consumer, Lucinda will spend $60 to purchase 5 of each product.

Given that both dolls are $12,  to max out or achieve maximum satisfaction, the entire $60 must be expended to the full.

Hence,


$60/ 12

Maximum Utility Spend = 5 of each product.

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People are more likely to buy houses

compute real interest rates (r = i - π) in both periods:

Before r = 5% - 2% = 3%

After r = 10% - 9% = 1%

Because the real interest rate that must be paid has decreased from 3% to 1%, more people are now likely to buy homes. The amount of money that people are paying back may be increasing, but because property prices have increased so quickly, the actual cost of financing homes has decreased. The real interest rate for acquiring a home has decreased from 3% (=5% -2%) to 1% (=10% 9%), which has increased the likelihood that people will do so. Thus, even if mortgage rates have increased, the actual cost of financing a home is reduced. (If tax deductions for interest payments are permitted, then the likelihood that individuals will purchase homes increases.)

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The owners of an organization consist of all those who can claim it as their legal property.

An owner can be defined as someone who own something or someone whose something belongs to.

A person can tend to claim ownership of a property if the person is the real owner or when the property was legally transfer to the person which is called transfer of ownership.

Therefore the owners of an organization consist of all those who can claim it as their legal property.

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An income statement reflects activity that occurs over a period of time while a balance sheet reflects values at a point of time.

The income statement of a company is the financial statement that shows its income and expenditures. This gives a picture of the profit or loss the company is making. This is calculated for a given period of time.

The balance sheet of a company, on the other hand, is calculated at a specific point in time. It shows the assets, liabilities, and shareholder equity of the company at that point.

Income statement and balance sheet both constitute the financial statement of a company.

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Forecasts projecting that resources such as oil, trees, and farm land will be depleted have been incorrect primarily because they have failed to account for: The role of prices:

If the supply of a resource decreases and it becomes more valuable, its price will rise, increasing the incentive to both conserve the resource and find more of it.

Forecasting is advantageous to businesses because it enables them to make more informed business decisions and implement data-driven initiatives.

Financial and operational decisions are made in light of current market conditions and anticipated future market conditions.

Many businesses interchange forecasts and projections; yet, these two financial estimations are not the same. In contrast to a projection, a forecast focuses on the most likely outcomes.

Forecasting lays the groundwork for collaborative work and improves coordination, cooperation, and control within the organization. Forecasting appropriately weighs and studies future prospects, stability, and disparities. This assists management in removing any impediments that may arise during management.

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the required details "taxation without representation is mentioned below

DEFINITION

The phrase "taxation without representation" refers to being forced by a government to pay a tax without having a vote in its decisions, such as through an elected representative. The Stamp Act, which obliged colonies in what would become the United States to pay duties on printed literature, was approved by the British Parliament in 1765. The issue was that the colonists were denied the ability to choose their Parliamentary representatives. Taxation without representation was one of the colonists' first anti-British catchphrases. Additionally, they started to oppose arbitrary taxes, as seen in the Boston Tea Party.

The expression "taxation without representation" refers to the circumstance of being subject to taxes levied by a government without being included in the decision-making process.

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The claim is true. Every organization needs to have the ability to manage projects, and project management is a personal job skill that will only grow in value over time.

In general, project managers who are refining their management techniques need must-have capability and expertise in three distinct areas:

It has been said that project management is both an art and a science that will be more valuable in the years ahead. To practice this craft, one must first understand the fundamentals of project management. Industry-specific and versatile project managers are required for success, but project management must be independent of industry.

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Rachel very certainly serves a RESELLER market.

A reseller is what?

In the retail industry as well as the broader economy, resellers are essential since they operate as the middleman between producers and customers. Although resellers are in the business of making a profit, they also assist with product distribution, offer storage, and learn about client preferences.

A reseller buys goods with the intention of later reselling them for a profit. Resellers frequently earn discounts because they buy products and services in bulk from manufacturers. By reselling, resellers then establish a connection between producers and consumers and deliver goods and services to final customers. By reducing the cost of promoting and selling their goods, these experts help manufacturers save time, money, and effort.

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Credit score unions typically offer decreased fees, better savings quotes, and a more personalized approach to customer service for individuals. in addition, credit unions might also offer decreased hobby costs on loans. it can additionally be less complicated to attain a loan with a credit score union than with a bigger financial institution.

Less rigid eligibility requirements. lower interest fees. Deposits are insured in an identical manner as banks. more economic literacy sources.

A commercial business account permits less difficult rate monitoring and tax filing. enterprise money owed also lend credit union to your commercial enterprise, in view that carriers will obtain tests from the name of your enterprise, now not your private account. each of your non-public and commercial enterprise money owed may be controlled online via digital banking apps.

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Within a diversified company, the responsibilities of corporate-level strategic managers include providing leadership for the entire organization and allocating resources among its different business areas. Option D

This is further explained below.

Generally,  Strategic management is a subgenre of management that comprises the formulation and implementation of the key goals and initiatives made by the managers of an organization on behalf of the company's stakeholders.

This is done in accordance with the principles of strategic management.

After taking into account the resources of the business and doing an analysis of the internal as well as the external contexts in which the firm works, these choices are taken.

In conclusion, Corporate-level strategic managers of a diverse firm are tasked with a variety of duties, including but not limited to providing leadership for the whole organization and distributing resources across the many business divisions within the corporation. The D Option

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completed question

Within a diversified company, the responsibilities of corporate-level strategic managers include:

a. supervising production at the manufacturing units of the company.

b. compiling sales reports, company costs, employee productivity and calculating the employee turnover rate.

c. responding to employee complaints on a daily basis.

d. providing leadership for the entire organization and allocating resources among its different business areas.

e. maintaining records of transactions with suppliers.

The accounting basis that records revenues in the period that goods and services are provided to customers is referred to as Accrual-Basis.

The accounting system known as "accrual basis" can be characterized as one in which income, expenses, and other changes to assets, liabilities, and owner's equity are recorded in the period in which the economic event occurs rather than when cash flows in and out.

A corporation can use accrual accounting, a financial accounting technique, to record revenue before getting payment for goods or services sold, or expenses can be recorded as incurred before being reimbursed by the company.

In other words, regardless of when monetary transactions have taken place, the company's accounting records the revenue earned. One of two accounting techniques is accrual accounting; the other is cash accounting. Cash accounting only captures revenue once a cash transaction for the products or services has taken place.

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If martha were to add recycling containers inside her store for her customers, this would: Likely end up costing her more money and time but could lead to more satisfied customers and future profitability.

Recycling  can be defined as the way in which waste product or waste item are turn in to new and useful product.

Recycling is important as it help to prevent litter of items in the environment and it help to conserve resources.

Adding recycle containers for her consumer will tend to cost her more money and time but the end result is that her customer will be satisfied with the service she rendered to them and it will inurn tend to lead to future profitability for her her.

Therefore If martha were to add recycling containers inside her store for her customers, this would: Likely end up costing her more money and time but could lead to more satisfied customers and future profitability.

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A decline in consumption goods result in, a decrease in production means businesses will lay off workers, leading to unemployment. Consumption thus helps determine the income and output in an economy.

Consumption is defined because the use of products and services by a household. it's a component within the calculation of the Gross Domestic Product (GDP). Macroeconomists typically use consumption as a proxy of the general economy. When valuing a business, a securities analyst would study the consumption trends within the business’ industry. it's a very important step, because it helps the analyst with the belief section of the financial model.

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Interest Rate The amount a lender charges a borrower for the use of an asset is referred to as the interest rate in the field of finance. Therefore, the interest rate is the cost of the debt for the borrower while it is the rate of return for the lender.

What is the compound interest ?

Compound interest is generally understood to be interest that is earned on both the original investment and any subsequent interest. Compound interest is, thus, the interest earned on both the initial principal and the interest that has already been accrued on this principal. As a result, the key feature of compound interest is that interest generates interest. This idea of including a carrying charge causes a deposit or loan to grow more quickly.

Compounding is done on a monthly basis (12/Yr) compounding, an annual (1/Yr) compounding, a quarterly (4/Yr) compounding, and an annual (1/Yr) compounding basis.

FV = P (1+ r/m)^mt

FV, or the future value of the investment, is the total sum in our calculator.

The starting balance is P. (the value of the investment)

the yearly interest rate, or r. (in decimal)

m is the number of times per year that interest is compounded (compounding frequency)

t - the length of time that the funds are invested for

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if Beth’s Bagels raises the price from $.25 to $1.50 the quantity demanded decreases.  (first option)

The demand curve is a curve that shows the relationship between the price of a good and the quantity demanded of the good. On the graph of the demand curve, price is on the y-axis and quantity demanded is on the x-axis.

The demand curve slopes downward. This means that as price increases, the quantity demanded decreases and when price decreases, the quantity demanded increases.

This means that when Beth's bagels increase the price of bagels, the quantity demanded would decreases from 40 units to 10 units. If price decreased instead from $1.25 to $1, quantity demanded would increase from 10 units to 20 units.

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1.69 times of sales are generated from every 1$ in total assest. The net working capital is $470, and the current liabilities are $800.

Current liabilities

Current liabilities are generally referred to in accounting as all liabilities of the firm that must be settled in cash within the fiscal year or the operating cycle of a particular company, whichever is longer. According to a more thorough definition, current liabilities are obligations that will be paid off by current assets or by the creation of new current liabilities. Accounts payable are due and payable within 30 days, however under particular situations, they frequently take longer than 30 or 60 days.

Current assets - current debts = gross working capital.

Current assets - 800= 470

Current assets = $1,270

Net fixed assets is given as $2,287.

Total assets = Net fixed assets + Current assets

Total assets = 2,287 + 1,270

= $3,557

Total assets turnover ratio = Sales / Total assets

= 6,000 / 3,557

= 1.69 times.

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Incomplete Question

The balance in supplies on January 1 will be $1070.

A general ledger entry known as an adjustment journal entry" is made at the conclusion of an accounting period to report any unrealized income or costs during the time. Adjusting entries are modifications to previously written entries in your diary. They specifically ensure that the data you have recorded corresponds to the proper accounting periods.

The cost of consumables utilized during a reporting period is referred to as supplies expense. Until they are consumed, supplies are typically regarded as current assets. Supplies become expenses once they have been consumed. If supplies have a large financial worth, they may qualify as current assets.

Here, the amount of $850 of supplies was purchased in January. The balance will be:

Supplies expense = $950

Add: Ending supplies = $970

Less: Supplies purchased = $850

Beginning supplies = $1070

Therefore, the balance is $1070.

In conclusion, the balance in supplies on January 1 will be $1070.

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Sales forecasting, economic forecasting, and environmental analysis are examples of the control of information resources

What is environmental analysis?
By conducting an environmental analysis, organisations can identify internal and external elements that could have either a favourable or negative impact on their business. By considering factors like the economy and technology, businesses can anticipate potential possibilities and difficulties. By knowing how to do an environmental analysis, you may develop a profitable marketing strategy for your business. In this article, we define environmental analyses, describe their applications, outline their methodology, and discuss the PESTLE analysis.

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To affect economic variables such as real GDP or the price level, the monetary policy target the federal reserve has generally focused on the Federal funds rate

The Federal Reserve System, also known as the Federal Reserve or just the Fed, is the United States of America's central banking system. Following a number of financial panics, notably the Panic of 1907, the Federal Reserve was founded with the passing of the Federal Reserve Act on December 23, 1913, in response to the necessity for centralized supervision of the monetary system to avert financial disasters. The tasks and responsibilities of the Federal Reserve System have grown over time due to incidents like the Great Depression in the 1930s and the Great Recession in the 2000s. There are multiple tiers to the Federal Reserve System. The Federal Reserve Board, comprised of governors selected by the president, oversees it (FRB). Twelve regional Federal Reserve Banks, dispersed across the country's cities, control and supervise independently held commercial banks. Commercial banks with national charters are required to own stock in the local Federal Reserve Bank and have some board member elections.

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The  three parts of the external environment affect amazon's competitive actions and responses are:

A competitive action can be described as the strategic or tactical action  which is been used by a firm  to build or defend its competitive advantages  so as to be able to improve its market position.

It should be noted that in doing this the external environment must be taken into consideration, and this external components are been listed above.

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The cost per unit is $50. The total cost of producing 2,000 units is $100,000.

Rent is an example of a fixed cost. Fixed cost do not vary with the level of output. The rent paid would be the same if the firm produces 0 units of output or 100,000 units of output.

Thus, the rent would be the same if the firm produces 2,000 units as it is when the firm produces 1,000 units.

The cost per unit also known as average cost can be determined by dividing the rent by the total unit of output.

Cost per unit = rent / total output

$100,000 / 2,000 = $50

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When individuals want to start a new venture, they may obtain many small amounts of money from many people. This type of financing is called Crowdfunding.

Using modest sums of money from a large number of people in a process known as crowdsourcing, a new business endeavor can be financed. With the potential to increase entrepreneurship by broadening the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists, crowdfunding makes use of the readily available, enormous networks of people through social media and crowdfunding websites.

The ability to fund a new business and the amount that individuals may contribute are both subject to restrictions in the majority of jurisdictions. Similar to the limitations on investing in hedge funds, these rules are meant to prevent novice or less wealthy investors from putting too much at risk.

Entrepreneurs now have the chance to raise hundreds of thousands or millions of dollars from anyone with money to invest thanks to crowdfunding. Anyone with an idea can use crowdfunding to present it to interested investors.

Thus, the mode of financing referred to in the question is crowdfunding.

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The opportunity cost of using funds is 6 percent will be  $ 14305

When an amount of money is allocated to another type of investment or expense, an opportunity cost is said to have been foregone.

Given,

income = 150000

percentage = 6

number of years = 5

Present value = Future value  [tex](\frac{1}{1 + r})^{n}[/tex]

r = rate of return

n = number of years

Present value = [tex]150000(\frac{1}{1 + 0.6})^{5}[/tex]

= 150000 × (1/1.6)⁵

= $ 14305

So, Opportunity cost =  $ 14305

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Based on the total surplus with no government intervention in the market and consumer surplus, the producer surplus is $300.

The producer surplus can be found by using the total surplus formula:
Total surplus = Consumer surplus + Producer surplus

We can then solve for producer surplus as:

500 = 200 + Producer Surplus

Producer Surplus = 500 - 200

Producer Surplus = $300

In conclusion, the Producer Surplus is $300.

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Answer:

Gaining experience

Explanation:

The type of analysis that examines the relationship of items on the financial statements of one year is vertical analysis.

In accounting, this is the method of a financial statement analysis in which each line item is listed as a percentage of a base figure within the statement. The process is that the line items on an income statement is be stated as a percentage of gross sales and the line items on a balance sheet can be stated as a percentage of total assets or liabilities.

Therefore, the vertical analysis of a cash flow statement also shows how the cash inflow or outflow as a percentage of the total cash inflows.

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