Please provide a step by step solution Instructions: PART A A friend has made...
50.1K
Verified Solution
Question
Accounting
Please provide a step by step solution
Instructions:
PART A
- A friend has made several visits to the doctor in the past month because of a serious illness and has asked you to calculate what he will owe after the insurance company has paid its part of the bill. The insurance company usually takes about a month to process a claim and your friend is hoping you can help figure the amount right away so he can plan ahead.
- Create a worksheet to include the following information from the visits to the doctor.
- Input the Date of Visit using the date function.
- Format the Cost of Visit to Currency.
| A | B | C |
1 | Date of Visit | Doctor | Cost of Visit |
2 | 6/6/2019 | Goodman | $113.00 |
3 | 6/8/2019 | Goodman | $145.00 |
4 | 6/10/2019 | Loman | $120.00 |
5 | 6/13/2019 | Goodman | $110.00 |
6 | 6/15/2019 | Loman | $140.00 |
7 | 6/17/2019 | Loman | $175.00 |
8 | 6/21/2019 | Loman | $135.00 |
9 | 6/22/2019 | Walker | $215.00 |
10 | 6/24/2019 | Walker | $235.00 |
11 | 6/27/2019 | Loman | $120.00 |
12 | 6/28/2019 | Goodman | $105.00 |
- Your friend has a co-payment of $25.00 and the insurance will pay 80% of the remaining cost. In Column D create a formula that displays how much the insurance company will pay. In Column E create a formula that displays the amount your friend will have to pay.
- The insurance company is supposed to respond within 30 days of billing. The doctors office has said that they will bill 3 days after the visit. In Column F create a formula that calculates the insurance response date.
- In cell A13, type the word Total. In cell C13 insert a formula that calculates the total cost of the visits. Copy this formula to cells D13 and E13.
- In cell A14, type the word Average. In cell C14, input a formula that calculates the Average Cost of Visit.
- Format the spreadsheet to make it easy to read and visually attractive. Add a footer that includes your name.
- Name the worksheet Doctor Visits.
PART B
- Copy the worksheet in the same workbook. Rename the second worksheet Bank Loan.
- Sort the worksheet alphabetically by Doctor and then by Cost of Visit.
- Since your friend already has some money saved, calculate whether or not he will need a loan if the total he has to pay is more than $600. In cell A15 type Bank Loan. In cell E15 create an IF statement that will display the words No Loan if your friend does not need a loan and Yes Loan if your friend needs a loan
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.