Today, the demand for health services is considered “elastic” because _______.

Historically, pharmaceutical companies’ approach to marketing was unique in that they did not market directly to end users but to prescribing intermediaries such as ____________________.

Pharmaceutical sales reps are also known as: 

Healthcare plans that established upfront so that all enrollees received the same benefits regardless of their circumstances or preferences are also know as ____________________.

Although organizations in other industries typically have one target audience, the constituents for healthcare services are: 

Indicate how Assets, Liabilities, Net Income, and cash flow are affected at the time of the following transaction: Purchase inventory on account (i.e., for credit) Assets: Liabilities: Net Income: Cash Flow:

Indicate how Assets, Liabilities, Net Income, and cash flow are affected at the time of the following transaction: Recognize depreciation on equipment. Assets: Liabilities: Net Income: Cash Flow:

Indicate how Assets, Liabilities, Net Income, and cash flow are affected at the time of the following transaction: Purchase building by issuing common stock. Assets: Liabilities: Net Income: Cash Flow:

As of March 30, the trial balance for Maharishi Corporation shows revenue of $35,000, and expenses of $9,100.  On March 31st the adjusting (transactions) entries for $400 depreciation and $8,200 income taxes for the month of March are made, and dividends of $2,500 are declared and paid.  Compute net income for the month of March.    Please make sure to enter your answer in the correct format. Review the formatting guidance in the instructions to this exam if necessary.

Accounting Exam Question: Classified Balance Sheet Preparation Question: You are provided with the adjusted trial balance of Summit Corporation as of December 31, 2025. Using the information below, prepare a classified balance sheet in good form as of December 31, 2025. Clearly classify assets and liabilities as current or long-term. Ignore income taxes. Summit Corporation Adjusted Trial BalanceDecember 31, 2025 Account Title Debit ($) Credit ($) Accounts Payable 15,600 Accounts Receivable 21,500 Accumulated Depreciation – Equipment 30,000 Additional Paid-in Capital 10,000 Bonds Payable (due 2030) 50,000 Cash 18,200 Common Stock ($1 par value, 75,000 shares issued) 75,000 Cost of Goods Sold 63,000 Depreciation Expense 7,500 Dividends 5,000 Equipment 85,000 Interest Expense 2,400 Interest Payable 2,400 Inventory 32,800 Land 50,000 Notes Payable (due 2026) 18,000 Prepaid Insurance 2,400 Rent Expense 12,000 Retained Earnings 17,900 Salaries Expense 24,000 Salaries Payable 3,500 Sales Revenue 125,000 Supplies 3,000 Unearned Revenue 4,500 Utilities Expense 6,600 Total 333,400 333,400 Instructions: Prepare a classified balance sheet for Summit Corporation as of December 31, 2025 in proper format. Classify all assets and liabilities into current and long-term categories. Ignore income taxes in your calculations. Use good form when structuring the balance sheet, ensuring clarity and professionalism.