Use the following information for questions 29 through 32 Metropolitan Hospital signed a one-year contract with Sunshine Insurance Company.  Under the terms of the contract, Metropolitan Hospital will receive $80 per member per month (PMPM) from Sunshine for 100,000 people covered by Sunshine’s health insurance products.  In exchange for the payment, Metropolitan agrees to provide hospital inpatient and outpatient services to any assigned life who presents to Metropolitan. In the month of July, the following events occurred: On July 1, Metropolitan received its capitation payment for the month of July. During July, Metropolitan provided services to patients covered by its contract with Sunshine.  The billed charges totaled $15,000,000 and are automatically posted to Metropolitan’s general ledger.   In July, Metropolitan analyzed its performance under the Sunshine Insurance Company contract and determined it lost $1,200,000 on the contract in the first six months of the year (January through June).  Assume Metropolitan’s data analytics department determined the $1,200,000 loss was caused by unusually high patient admissions in the first quarter, coinciding with a serious flu epidemic.  The contract is expected to generate at least a $500,000 profit in the last six months of the contract.  What journal entry, if any, should Metropolitan record in July related to future losses under the contract?

Use the following information for questions 29 through 32 Metropolitan Hospital signed a one-year contract with Sunshine Insurance Company.  Under the terms of the contract, Metropolitan Hospital will receive $80 per member per month (PMPM) from Sunshine for 100,000 people covered by Sunshine’s health insurance products.  In exchange for the payment, Metropolitan agrees to provide hospital inpatient and outpatient services to any assigned life who presents to Metropolitan. In the month of July, the following events occurred: On July 1, Metropolitan received its capitation payment for the month of July. During July, Metropolitan provided services to patients covered by its contract with Sunshine.  The billed charges totaled $15,000,000 and are automatically posted to Metropolitan’s general ledger.  What revenue does Metropolitan record in its financial statements in July?

Damages refers to the plaintiff’s provable losses.

The plaintiff’s burden in proving his tort case is beyond a reasonable doubt.

When a plaintiff proves his tort case, he is entitled to request prison time for the defendant.

A contingency fee is the standard method an attorney charges to represent an injured Plaintiff. 

The jury determines the questions of law and the Judge determines the questions of fact.  

The attractive nuisance doctrine

Some of the steps of a civil trial are listed, which set is in the correct order?

Another exception to the general rule of no duty to trespassers involves people who are attempting to save others from danger. This doctrine is called: