Answer:
(a) $6,525 (b) $816
Explanation:
Solution
Given that:
(a) The variable overhead rate variance for the month:
The variable overhead rate variance = (Actual rate - Standard rate) * Actual hours
=(($52,635/8700) -$6.80)* 8,700 hours
=($6.05-$6.80) * 8,700 hours
= $6,525 Favorable
(b) The variable overhead efficiency variance for the month:
The variable overhead efficiency variance = (Actual hours - Standard hours) * Standard rate
= (8,700 Hours -(1,560 units * 5.5 Hours/Unit)) * $ 6.80
= (8,700 Hours- 8,580 Hours) * $6.80
= $816 Which is unfavorable
what amount of Capital could be raised by Transnet
The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
What is Transnet?This is the name of a railroad company that was established in South Africa. The company is known for the fact that it is a port, a rail and a pipeline company in the nation.
According to the goals of the company, there goal is to grow the business to have a R100 billion business by 2020. This business is a limited liability company that is owned majorly by the Department of Public Enterprises of South Africa. The government of the country are known to be the sole share holder that the business has in the nation.
So based on the question that we have here we can conclude that the The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
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Will give 5 stars
Predesigned PowerPoint slides that include a combination of colors and fonts are called?
backgrounds
designs
themes
variants
Answer:
themes
Explanation:
mark me Brainliest please
A series of formal, written statements in which the plaintiff and defendant both state claims for the defense regarding the matter being disputed is which
of the following?
O Appeal
O Pleading
O Breach
O Trial
If youre coming from ICEV, the answer is pleading :)
Financial information related to the proprietorship of Ebony Interiors for February and March 2016 is as follows:
Accounts February 29, 2016 March 31, 2016
Accounts payable $329,000 $398,000
Accounts receivable 796,000 952,000
Cash 337,000 381,000
Justin Berk, capital ? ?
Supplies 33,000 34,000
Required:
1. Prepare balance sheets for Ebony Interiors as of February 29 and March 31, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
2. Determine the amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month.
3. Determine the amount of net income for March, assuming that the owner made no additional investments but withdrew $47,000 during the month.
Answer:
Ebony Interiors
1. Balance sheets for Ebony Interiors as of February 29 and March 31, 2016:
February 29 March 31, 2016
Cash $337,000 $381,000
Accounts receivable 796,000 952,000
Supplies 33,000 34,000
Total assets $1,166,000 $1,367,000
Accounts payable $329,000 $398,000
Justin Berk, capital 837,000 969,000
Total liabilities + equity $1,166,000 $1,367,000
2. The amount of net income for March, assuming that the owner made no additional investments or withdrawals during the month:
March 31 Capital = $969,000
February 28 Capital (837,000)
Net income $132,000
3. The amount of net income for March, assuming that the owner made no additional investments but withdrew $47,000 during the month:
March 31 Capital = $969,000
Drawings 47,000
February 28 Capital (837,000)
Net income $179,000
Explanation:
a) Data and Calculations:
Financial information for February and March 2016 is as follows:
Accounts payable $329,000 $398,000
Accounts receivable 796,000 952,000
Cash 337,000 381,000
Justin Berk, capital ? ?
Supplies 33,000 34,000
b) Net income can be determined by comparing the beginning capital (equity) with the ending capital balance (equity). This is because equity is equal to the common stock plus the retained earnings or adjusted net income. Personal withdrawals by the owner affect the ending equity, which includes the net income.
Scott's Cycles sells merchandise on credit terms of 2/15, n/30. A sale invoiced at $1,500 (cost of sales $975) was made to Shannon Allen on February 1. The company uses the gross method of recording sales discounts.
Required:
1. Give the journal entry to record the credit sale. Assume use of the perpetual inventory system.
2. Give the journal entry, assuming that the account was collected in full on February 9.
3. Give the journal entry, assuming instead that the account was collected in full on March 2. On March 4, the company purchased bicycles and accessories from a supplier on credit, invoiced at $9,000; the terms were 3/10, n/30. The company uses the gross method to record purchases.
1. The journal entry to record the credit sale by Scott's Cycles, using a perpetual inventory system, is as follows:
February 1:
Debit Accounts Receivable $1,500
Credit Sales Revenue $1,500
To record the credit sales, terms 2/15, n/30.Debit Cost of goods sold $975
Credit Inventory $975
To record the cost of goods sold.2. The journal entry to record the collection of the account by Scott's Cycles is as follows:
February 9:
Debit Cash $1,470
Debit Cash Discounts $30
Credit Accounts Receivable $1,500
To record the collection of the account and cash discounts allowed.3. The journal entry to record the collection of the account by Scott's Cycles is as follows:
March 2:
Debit Cash $1,500
Credit Accounts Receivable $1,500
To record the collection of the account.2. The journal entry to record purchase on account by Scott's Cycles is as follows:
March 4:
Debit Inventory $9,000
Credit Accounts Payable $9,000
To record the purchase of bicycles and accessories, terms 3/10, n/30.What are the journal entries?Journal entries are the accounting records kept by an entity about its daily transactions.
Journal entries identify the accounts involved in each transaction and whether they will be debited or credited.
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List excel formulas for n 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax
Hanks,Timothy, President $168,000
Grath, John, VP Finance 144,000
James,Sally, VP Sales 69,600
Kimmel, Joan, VP Mfg. 54,000
Wie, Pam, VP Personnel 51,600
Grant, Mary, VP Secretary 49,200
To calculate FICA taxes to be withheld from each officer's pay, we need to first calculate their semi-monthly salaries and then their OASDI and HI taxable earnings.
Assuming there are 24 pay periods in a year (12 months * 2 pay periods per month).
The semi-monthly salaries for each officer are as follows:
Hanks, Timothy, President: 168,000 / 24 = $7,000
Grath, John, VP Finance: 144,000 / 24 = $6,000
James, Sally, VP Sales: 69,600 / 24 = $2,900
Kimmel, Joan, VP Mfg.: 54,000 / 24 = $2,250
Wie, Pam, VP Personnel: 51,600 / 24 = $2,150
Grant, Mary, VP Secretary: 49,200 / 24 = $2,050
To calculate OASDI taxable earnings, we need to know the wage base limit for the year. For 20--, the wage base limit is $142,800.
The OASDI taxable earnings for each officer are as follows:
Hanks, Timothy, President: Min($7,000, $142,800) = $7,000
Grath, John, VP Finance: Min($6,000, $142,800) = $6,000
James, Sally, VP Sales: Min($2,900, $142,800) = $2,900
Kimmel, Joan, VP Mfg.: Min($2,250, $142,800) = $2,250
Wie, Pam, VP Personnel: Min($2,150, $142,800) = $2,150
Grant, Mary, VP Secretary: Min($2,050, $142,800) = $2,050
To calculate HI taxable earnings, there is no wage base limit. All earnings are subject to HI tax.
The HI taxable earnings for each officer are as follows:
Hanks, Timothy, President: $7,000
Grath, John, VP Finance: $6,000
James, Sally, VP Sales: $2,900
Kimmel, Joan, VP Mfg.: $2,250
Wie, Pam, VP Personnel: $2,150
Grant, Mary, VP Secretary: $2,050
To calculate the FICA taxes to be withheld from each officer's pay, we need to use the following formulas:
OASDI Tax = OASDI Taxable Earnings * 6.2%
HI Tax = HI Taxable Earnings * 1.45%
Using these formulas, the FICA taxes to be withheld from each officer's pay on November 15 and December 31 are as follows:
Name and Title OASDI Tax (November 15) HI Tax (November 15) OASDI Tax (December 31) HI Tax (December 31)
Hanks, Timothy, President $434.00 $101.50 $434.00 $101.50
Grath, John, VP Finance $372.00 $87.00 $372.00 $87.00
James, Sally, VP Sales $179.80 $41.95 $179.80 $41.95
Kimmel, Joan, VP Mfg. $139.50 $32.33 $139.50 $32.33
Wie, Pam, VP Personnel $133.40 $31.03 $133.40 $31.03
Grant, Mary, VP Secretary $127.40 $29.68 $127.40 $29.68
Note that the OASDI tax rate is 6.2% and the HI tax rate is 1.45%, and these rates do not vary with the semi-monthly salaries of the officers.
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Steve met Diana at the local gym and they started talking about how Diana needed her
house painted. Steve told Diana that he would paint her whole house for $5,000 and
that he would keep the offer open for seven days. Later that night, Steve even sent
Diana an email detailing the terms of the offer. Two days later, Steve sent Diana an
email around 2:25 p.m., stating that the original offer was revoked. Around 1:55 p.m.
that same day, Diana wrote Steve a letter, stating that she accepted his offer for the
house painting. As soon as Diana was able, she went to Post Office and sent Steve the
letter by certified mail (time stamped by the Postal Service at 2:27 p.m.). That night
around 5:45 p.m., Diana was reviewing her emails and saw Steve's earlier email
informing her about the revocation of the offer. She immediately called him to tell him
that she had wrote him a letter of acceptance. Was the offer revoked by Steve and why
or why not?
Answer:
Was the offer revoked by Steve and why
or why not?
No
Explanation:
I am not the best with contracts so no guarnatee but there was a clear offer, acceptance, consideration, making this a contract. Unless in the terms of the contract it stated that there could be a cancellation at any time, Steve is obligated to follow through.
many state legislators have decided to take on crime and other forms of delinquency in schools through zero tolerance policies. They believe that
dentifying and removing disruptive or poorly performing students will improve the overall quality of the school. What does this argument fail to
address?
A. It ignores the fact that the problem can only be solved at an individual level.
B. It is a person-blame
approach that ignores the role of institutions.
C. This kind of policy fairly targets all students who struggle academically.
D.There is no way to be sure what motivates a student to commit violent acts.
Answer:
It is a person-blame
approach that ignores the role of institutions.
Explanation:
Hope this helps
True or false The fair Labor standards Act ( FLSA) requires that all employees receive time- and -half for work in excess of 40 hours in a week
Answer:
Yes, all. A non-exempt employee is eligible for overtime/compensatory time for hours in excess of 40 in a given week.
If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed costs are equal to
Answer:
$80,000
Explanation:
From marginal analysis concepts, the break-even point is determined using the formula.
Break-even in units = fixed cost / contribution margin per unit
For this firm,
break -even = 40,000 units
Contribution margin per unit = selling price - variable costs
=$6 - $4 =$2
Therefore:
40,000 = fixed costs/ $2
Fixed costs = $40,000 x 2
Fixed costs = $80,000
Your website should be organized so that _.
Your website should be organized so that the information is easy to find, navigate, and understand.
Website organization refers to the arrangement of web content and features on a website. It's the process of organizing the content of a website in a way that makes it easy to navigate and comprehend.An organized website will benefit you in a variety of ways, including:Navigation: An organized website makes it easier for users to find the information they need.
When a website is organized, it is easier to navigate and to understand. This means that your visitors will be more likely to stay on your website for longer periods and to return in the future.Search Engine Optimization: An organized website can be crawled easily by search engines. As a result, search engines are more likely to display your website in search results.
This increases your chances of attracting more traffic and potential customers.Branding: An organized website can help you to develop your brand identity. By making sure your website is consistent and easy to use, you can enhance the image of your business and encourage customers to choose your products or services.
Conclusion:Therefore, your website should be organized so that the information is easy to find, navigate, and understand.
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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What is a direct consequence of a small business using deceptive advertising practices?
O loss of quality employees
O fines and/or lawsuits
O paying higher business taxes
Oowing workers' compensation
Answer:
fines and/or lawsuits
Explanation:
The FTC Act prohibits unfair or deceptive advertising in any medium. That is, advertising must tell the truth and not mislead consumers
find median for the following terms is 72 76 64 80 68 61 85 91 62 82
Answer: 74 ? i think
What are the 2 main sources of data
Answer:
internal and external source
Explanation:
Answer:
There are two sources of data. they are:
1. Internal Source.
2. External Source.
Explanation:
Internal Source. When data are collected from reports and records of the organision itself, it is known as the internal source.
External Source. When data are collected from outside the organition, it is known as the external source.
STEP 1 1. Explain the five basic costs curves that SEGAO Bricks will experience. ert MC =MR
The five basic cost curves that SEGAO Bricks will experience are:
1. Total Cost (TC) Curve: The total cost curve represents the relationship between the total cost of production and the quantity of output produced. It shows how the total cost changes as the level of production changes.
2. Marginal Cost (MC) Curve: The marginal cost curve represents the additional cost incurred by producing one more unit of output. It shows how the cost of producing each additional unit changes as the quantity of output increases. The marginal cost curve is derived from the change in total cost divided by the change in quantity.
3. Average Total Cost (ATC) Curve: The average total cost curve represents the average cost per unit of output. It is calculated by dividing the total cost by the quantity of output. The average total cost curve shows how the average cost changes as the level of production increases.
4. Average Variable Cost (AVC) Curve: The average variable cost curve represents the variable cost per unit of output. It is calculated by dividing the variable cost by the quantity of output. The average variable cost curve shows how the variable cost per unit changes as the level of production increases.
5. Average Fixed Cost (AFC) Curve: The average fixed cost curve represents the fixed cost per unit of output. It is calculated by dividing the fixed cost by the quantity of output. The average fixed cost curve shows how the fixed cost per unit changes as the level of production increases.
The equation MC = MR represents the condition for profit maximization in a perfectly competitive market. It states that a firm should produce at the quantity where the marginal cost (MC) equals the marginal revenue (MR). This ensures that the firm is maximizing its profit by producing the optimal quantity of output at which the additional revenue generated by producing one more unit (MR) is equal to the additional cost incurred (MC).
What sentence could Lou’s granddaughter not answer? Explain the context and discuss whether you could answer this question or not. What coping mechanism has Lou employed to deal with the residual feelings of her juror experience? Discuss.
When asked "How did you feel when you sentenced that man to death?" in the documentary "POV: Lindy Lou, Juror Number 2," Lou's granddaughter was unable to respond.
What is the sentence about?When Lou's granddaughter learned about her grandfather's involvement on a jury that decided a case involving the death penalty, she posed this query.
Therefore, In the capital murder case for which the question was posed, Lou had been selected to serve on the jury, and she and her fellow jurors ultimately decided to condemn the defendant to death. Lou struggled in the years that followed with the choice she had made and how it had affected her life. She felt guilty, humiliated, and accountable for the man's passing.
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Answer: When she asked the question "Did that make me a murderer?"
I'm sorry but for the second part, I don't think the answer I put was necessarily correct, but I know the first part is.
Explanation:
In Greece, the practice of medicine was different than in other cultures. Which statement BEST describes what was different about Greek medicine?
They did not practice bloodletting.
They believed that there were physical causes for Illness rather than spiritual causes.
They believed that illness was an imbalance of internal energy and body and mind.
Greek physicians did not believe in the healing power of the gods.
Answer:
The second one is the correct answer
Shawn and Harry signed a contract for Shawn to build a house for Harry according to the specifications provided by Harry. The contract stated that Shawn would be paid $125,000. Shawn unintentionally deviated from the specifications in several minor respects. The house was soundly constructed, and Shawn completed the work within the promised time. Harry refused to pay Shawn any of the $125,000, arguing that the house did not conform to the specifications. In this case,
A) Harry will get a decree of specific performance.
B) Shawn has no right to be paid for any of his work because he breached the contract.
C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.
D) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused to him because of the delay in payment.
Answer:
C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.
Explanation:
From the question Harry signed a contract with Shawn to build a house. Harry made some specification to build the house. But Shawn did not follow the specifications now Harry doesn't want to pay him the contract amount.
Under doctrine of specific performance, Harry can pay less money than the contract price. Because Shawn has performed substantially, he is not entitled to receive the contract price as agreed.
define national security
Answer:
national security is basically high-top protection, a lot of celebrities have them, our presidents, and just anybody that can afford them or chooses to have them.
Explanation:
How and why would the accounting profession use the results of behavioural research in accounting
Answer:
Behavioral accounting is a subset of accounting that, in addition to accounting expertise, is concerned with behavior. It is concerned with people's attitudes and behaviors when confronted with an accounting phenomenon, which defines the actions that they will exhibit in decisionmaking. This accounting specialization addresses issues such as human informationprocessing activity, judgement accuracy, accounting problems caused by accounting information users and suppliers, and accounting information users' and producers' decisionmaking skills.
Behavioral psychology seeks to understand how people make choices, communicate with others, and affect economies and societies. The impact of accounting knowledge on conduct, administrative management (budget engagement, nonfinancial interventions, leadership, and balanced scorecard), auditing (auditorclient negotiations, auditor's judgement, and decisionmaking), and ethics (ethical decisionmaking, ethical orientation, and rationalizations for unethical behavior) are all included under the Behavioral accounting definition.
The accounting profession use the results of behavioural research in accounting so that they can understand the behaviour of different entities like a consumer or a retailer and use that in the accounting so that it can help in making a better conclusion.
What is research ?Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.
Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society. Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.
So we can say that behavioural research plays an important role in analyzing the data and for drawing the conclusion in accounting.
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31. According to the text, when a financial institution sells futures contracts on debt securnities in order to hedge against an increase in interest rates, this is referred to as a. A along hedge. b. a short hedge. c. a closed out position d. basis trading e. None of the above.
According to the text, when a financial institution sells futures contracts on securities in order to hedge against a change in interest rates, this is referred to as A short hedge
A short hedge is an investment technique that is designed to guard (hedge) against the possibility of a future decline in asset price. The method is often used by businesses to reduce risk on the assets they generate and/or sell. A short hedge entails shorting an asset or employing a derivative contract that sells at a defined price to protect against potential losses in an owned investment.
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Which phase of the economic cycle is characterized by prosperity?
O Contraction
O Peak
O Trough
O Recession
Answer:
peak
Explanation:
When did the court cases reach the Supreme Court?
Answer:
August 3, 1791
Explanation:
n terms of total dollars spent, the number one and two advertising media are
The number one and two advertising media in terms of total dollars spent is television along with the direct mail.
What do you mean by advertising?Advertising means any paid, non-personal communication through various media. It helps pay for the production costs of newspapers and magazines.
Television along with direct mail refers to the advertisement that deals in direct response to the company by customers.
Other major direct marketing media includes the telephone, magazines, newspapers, television, and radios.
Therefore, in terms of dollars spent, the number one and two advertising media is television along with direct mail.
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Why should an effective tax be efficient?
so the cost of collection are as low
How Does The State Of Competition Among hotels
Providing highly detailed information about the consequences of buying the brand to encourage trial is more important in a low involvement buying Situation?
It is true that Providing highly detailed information about the consequences of buying the brand to encourage trial is more important in a low involvement buying Situation.
Why is it important to Provide highly detailed information about the consequences of buying the brand?It important to Provide highly detailed information about the consequences of buying the brand especially in the case where there is low involvement is that it will help the brand to adjust their services to the taste of the consumer.
And with this information the customer can be able to make the necessary decision when making another purchase from the brand.
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Check the complete question:
TRUE OR FALSE ; Providing highly detailed information about the consequences of buying the brand to encourage trial is more important in a low involvement buying Situation?
Rolo's charge account statement showed a previous balance of $658.94, a finance charge of $10.71, new purchases of $54.21, $36.28, and $98.56, a credit of $145.81 and a $100.00 payment. What is the new balance?
To work out the new equilibrium, we really want to consider the past equilibrium, finance charge, new buys, credits, and installments.
Past surplus: $658.94,Finance charge: $10.71,New buys: $54.21, $36.28, $98.56,Credits: $145.81,Installment: $100.00,the new surplus is $612.89.
Harmony, in material science, the state of a framework when nor its condition of movement nor its inward energy state will in general change with time equilibrium.
A basic mechanical body is supposed to be in balance assuming it encounters neither direct speed increase nor precise speed increase; except if it is upset by an external power, it will go on in that condition endlessly. For a solitary molecule, balance emerges in the event that the vector amount of all powers following up on the molecule is zero installments.
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Select the correct answer.
Doctors are likely to show traits of what two occupational codes?
A Artistic and Realistic
B. Investigative and Realistic
C. Realistic and Social
D. Investigative and Social
Answer:
B
because they need to know many ideas about health so they nee to be investigative and moreover realistic coz they should have the ability to decide on the right thing to do to the patient
Answer:
D, sorry im late
Explanation:
God loves you and your never going through anything alone :)