Blog

A patient is admitted in acute heart failure secondary to renal insufficiency. The patient reports that over the past few weeks, his urine output has decreased, and he has developed peripheral edema and ascites. Which diagnostic tests would provide the best information about the internal kidney structures, such as the parenchyma, calyces, pelvis, ureters, and bladder? (Ch 25 Q 11)

The process of attaching an HCPCS code to a procedure so that the code will automatically be included on the patient’s bill is known by which of the following terms?

Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, the entry or entries Gideon makes to record the recovery of the bad debt is:

Identify each of the following payroll taxes as an (A) Employer Payroll Tax, (B) Employee Payroll Tax, or (C) Both and Employer and Employee Payroll Tax. 1. FICA–Social Security taxes 2. FICA–Medicare taxes 3. FUTA (federal unemployment taxes) 4. SUTA (state unemployment taxes) 5. Employee federal income taxes 6. Employee state and local income taxes  

An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. The employee has $182 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $150 and contributes $75 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? (Round your intermediate calculations to two decimal places.)

To include the personal assets and transactions of a business’s owner(s) in the records and reports of the business would be in conflict with the:

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company’s unadjusted trial balance reported the following selected amounts:          Accounts receivable $ 35,000 debit Allowance for uncollectible accounts   500 credit Net Sales   180,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.6% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?

Employees earn vacation pay at a rate of one day per month. The company estimated and must expense $1,500 of accrued vacation benefits for the year. Which of the following is the necessary year-end adjusting entry to record accrued vacation benefits?

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company’s unadjusted trial balance reported the following selected amounts:          Accounts receivable $ 35,000 debit Allowance for uncollectible accounts   500 credit Net Sales   180,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.6% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?

To include the personal assets and transactions of a business’s owner(s) in the records and reports of the business would be in conflict with the: