Francine Bought a Widget from Simon

question 69

Essay

Francine bought a widget from Simon.In payment of the purchase price,she gave him a cheque for $10 000 drawn on her account at the Bank of Waterloo.Because Francine's account was overdrawn,the bank dishonoured the cheque when Simon presented it for payment.Identify two grounds upon which Simon can sue Francine.Briefly explain which option is easier.

Differentiate between Preferred Provider Organizations (PPOs) and Health Maintenance Organizations (HMOs).

Recognize the primary goals and controversial aspects of the Patient Protection and Affordable Care Act (PPACA).

Understand the methods proposed by the PPACA to extend health-insurance coverage to low-income individuals.

Explain the concept and effects of the Diagnosis-Related Group (DRG) system.

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Definitions:

Accounts Receivable

Amounts due from customers to a business for goods delivered or services completed but not yet compensated.

Allowance Account

A contra-asset account used to estimate and offset the value of accounts receivable that may not be collectible.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collected.

Percentage of Receivables

A method for estimating the allowance for doubtful accounts based on the expected percentage of accounts receivable that may not be collectible.