Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help to solve, ONLY YELLOW PART FOR ANWERS, veryyyyy IMPORTANT plz add EQUATION & FUNTIONS! PLZ DON'T REJECT MY QUESTION! Thx 5 Assigned Problem

Please help to solve, ONLY YELLOW PART FOR ANWERS, veryyyyy IMPORTANT plz add EQUATION & FUNTIONS! PLZ DON'T REJECT MY QUESTION! Thx image text in transcribed

image text in transcribed

5 Assigned Problem 3 6 Consider the following financial statements for BestCare HMO, a not-for-profit managed care plan: Statement of operations and Change in Net Assets Year Ended June 30 2016 10 in thousands) 12 Revenue: 13 Premiums earned $26.682 14 Coinsurance $1,689 15 Interest and other income sz8,613 16 Total revenue 17 Expenses: $15,154 18 Salaries and benefits 19 Medical supplies and drugs $7,507 20 Insurance 3,963 22 Depreciation 367 23 Interest 24 Total expenses 25 Net income 26 Net assets, beginning of year 27 Net assets, end of year S2.118 29 BestCare HM100 30 Balance sheet Year Ended June 30, 2016 32 (in thousands) $2.737 34 Cash and cash equivalents $821 35 Net premiums receivable 36 Supplies 37 Total current assets 24 38 Net property and equipment 39 Total assets 41 Liabilities and Net Assets $2,145 42 Accounts payable medical services $929 43 Accrued expenses 44 Notes payable 41 45 Current portion of long-term debt 46 Total current liabilities 47 Long-term debt 48 Total liabilities 49 Net assets (equity) 50 Total liabilities and net assets

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is conservative approach ?

Answered: 1 week ago

Question

What are the basic financial decisions ?

Answered: 1 week ago

Question

Guidelines for Informative Speeches?

Answered: 1 week ago