Nueva company reported the following pretax data for its first year of operations. $) net sales cost of goods available for sale operating expenses 7,340 5,790 1,728 40% effective tax rate ending inventories: if lifo is elected if fifo is elected 618 798 what is nueva's net income if it elects fifo? a) $372 b) s264 c) $620. d) $440 6) inventory records for herb's chemicals revealed the following 6) march 1, 2018, inventory: 1,000 gallons@$7.20-$7,.200 sales mar. 5 600 gals s 7.25 800 gals 7.30 600 gals s 7.35 mar. 10 400 gals mar 14700 gals mar. 20 500, gals mar. 26 700 gals mar. 16 mar. 23 ending inventory assuming lifo in a periodic inventory system would be b) $5,040 c)$5,075. d) $5,055 a) s5,135. 7) on january 1, 2018, badger inc. adopted the dollar-value lifo method. the inventory 7 cost on this date was $100,000. the ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below ending inventory at year-end costs s 126,000 130,000 153,600 cost index 1.05 year-end 2018 2019 2020 1.10 1.20 what inventory balance should badger report on its 12/31/2018 balance sheet? b) $120,000 d) $126,000 c) s121,000 a) $100,000

Barbara jones opened barb’s book business on february 1, 2010. the company specilizes in editing accounting textbooks. you have been hired as manager. your duties include maintaining the company’s financial records. the following transactions occurred in february , the first month of operations. a. received shareholders' cash contributions on february 1 totaling $16,000 to form the corporation; issued 1,000 shares of common stock. b. paid $2,400 cash on february 2 for three months' rent for office space. tip: for convenience, simply record the full amount of the payment as an asset (prepaid rent). at the end of the month, this account will be adjusted to its proper balance. c. purchased and received supplies on february 3 for $300 cash. d. signed a promissory note on february 4, payable in two years; deposited $10,000 in the company's bank account. e. on february 5, paid cash to buy equipment for $2,500 and land for $7,500. f. placed an advertisement in the local paper on february 6 for $425 cash. g. recorded sales on february 7 totaling $1,800; $1,525 was in cash and the rest on accounts receivable. h. collected accounts receivable of $50 from customers on february 8. i. on february 9, repaired one of the computers for $120 cash. tip: most repairs involve costs that do not provide additional future economic benefits. j. incurred and paid employee wages on february 28 of $420.required: set up appropriate t-accounts for cash, accounts receivable, supplies, prepaid rent, equipment, furniture and fixtures, notes payable, contributed capital, service revenue, advertising expense, wages expense, and repair expense. all accounts begin with zero balances.tip: when preparing the t-accounts, you might find it useful to group them by type: assets, liabilities, stockholders’ equity, revenues, and expenses.2. record in t-accounts the effects of each transaction in february, referencing each transaction in the accounts with the transaction letter. show the unadjusted ending balances in the t-accounts. 3. prepare an unadjusted trial balance at the end of february.4. refer to the revenues and expenses shown on the unadjusted trial balance. based on this information, write a short memo offering your opinion on the results of operations during the first month of business.

When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow