Alberto falls from his ladder while hanging holiday lights around his house. He breaks his arm and files a claim for $3,100. His health insurance premium which is $310 is due at the end of the month and has not yet been paid. How much of the benefit will be paid, assuming no deductibles or coinsurance?
A) 2970
B) 2800
C) 3000
D) 2790
Answer: D) 2790
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Kennedy Company uses the balance sheet approach in estimating uncollectible accounts expense
The company prepares an adjusting entry to recognize this expense at the end of each month. During the month of July, the company wrote-off a $3,500 receivable and made no recoveries of previous write-offs. Following the adjusting entry for July, the credit balance in the Allowance for Doubtful Accounts was $3,000 larger than it was on July 1. What amount of uncollectible account expense was recorded for July? A. $2,500. B. $1,000. C. $1,500. D. $6,500.
Which of the following is NOT one of the elements of social media?
A) Profiles let consumers tell others about themselves. B) Friends are trusted members of the social network. C) Groups within social networks help users find people with similar interests. D) Social networks create interactions among group members via discussion boards and content sharing. E) All of the above are elements of social media.