Health savings account

TO: Professor Patrick FROM: Pleuni C. D. Finley RE: Jones v. Star, 298 N.Y.S.2d 264 (N.Y. Misc. 1969) DATE: 9/19/16 Facts On August 21, 1965, the buyers, being welfare recipients, purchased a freezer unit for $900, plus time credit charges, credit life insurance, credit property insurance, and sales tax, bringing them to a total purchase price of $1234. After buyer paid, $619, leaving a balance of $615, seller informed client they owed an additional $204 for other credit charges. The maximum…

11-39 a. Control C. If the amount recorded to the customer account is incorrect, whether because the amounts were recorded to the wrong customer account in error or because customers' checks were stolen, mailing a monthly statement to customers with outstanding balances will help control this error or fraud because the customer is likely to let the creditor know that the amount they are reported as owing is incorrect, especially if the statement says they owe more than what they actually owe.…

The non-custodial parent (NCP), Mr. O’Bair’s testimony revealed that he contest these findings of the Lien Unit to take funds out of a joint account because he has been paying child support for about six years. The NCP stated his child support at the present as ordered by the judge is $600.00 per month. He stated he has not missed a payment in the last four years. He stated the reason for the back child support is that the child’s mother was receiving some type of assistance from the…

Mr. Tate briefly discussed with the Committee regulatory Matters Requiring Attention (MRAs) and communications received during the fourth quarter from the OCC. He reported that a total of five supervisory letters were received during the quarter, noting that one MRA was closed relative to BSA/AML and OFAC and one is pending validation relative to asset quality and risk assessment ratings commercial real estate. He also reported that there were no new MRAs issued and no violations of laws that…

how to follow my major in a way that could allow me to work and gain experience while studying. I began my path as a student at Miami Dade College where I obtained my Associate in Arts of Accounting, at the same time, I got an entry level job as an Accounts Payable Specialist in the Accounting Department of a bank. Since I had completed all the pre-requirements of the school of Accounting at FIU, I was a step closer to obtain a Bachelor’s Degree from a United States University, I passed…

A woman bought a dozen boxes, each with 24 colored markers inside, for $8.00 each box. She repacked 5 of those boxes into packages of 6 colored markers each, and sold them for $3.00 per package. She sold the rest of the colored markers separately at the rate of three markers for $2.00. How much profit did she make? • A dozen boxes lets you know that there are 12 boxes. • Each box has 24 colored markers in them. • We know that she packed 5 boxes into cases of 6 colored markers each • $3.00 per…

creating bogus invoices in order to request payment from Coach and keeping the money for personal use. (3) Theft and financial fraud; an employee in charge of accounts receivables could be embezzling money by posting a customer’s payment on another customer’s account and keeping the money instead of posting it to the accounts receivable account or a manger might be understating inventory balances on financial statements. Extended procedures to detect fraud by the fabrication of purchase…

even while talking. Some forms of social media are just text such as Twitter. Other forms such as Instagram are more pictures forward, which may appeal to a different crown of people. If someone is not comfortable or is new to social media their account is not likely to be a good representation of their character. They may not even be able to send the messages they had in mind. Knowing that social media post can be viewed by the world, many choose to keep their personal and controversial…

The truck has a useful life of 3 years and a salvage value of $3,000. 245,000 . Further adjustments and information: 24,500 Accumulated Depreciation - Building i-v-e ry Truck*** Collections: Accounts Receivable $21,000; Interest on Bonds $6,000; Cash Sales $95,000 . 50,000 Allcw--ance for Doubtful Debts 110 110 Credit 48,000 1102 1103 , Debit 18,000 i. Bad debt expense is estimated at 1% of credit sales 10,000 ccumulated Depreciation -…

$15 million on their balance sheets, they will likely have very different financial positions depending on the source or destination of cash during the period. One should ask generates that cash flow. The flow of cash is a strong indicator of the health of a business. To identify and understand these sources of cash, one should examine the statement of cash flows to see how a business’s financial positions change. The statement of cash flows presents three primary activities of cash flow.…