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Maru [420]
2 years ago
8

Denials can occur as a result of errors that occur at various points in the revenue cycle. Identify at least one error that can

occur at the beginning, middle and end of the revenue cycle. Each error must be different and related to each phase of the revenue cycle. Recommend steps that can be implemented to rectify each error identified and include in your recommendation how data analytics can be utilized to help with the solution. Remember to support your initial response with at least one additional outside sources (other than your textbook and the videos). At least one of your response posts should contain at least one additional outside resource. See Syllabus Part 2 for details related to length of posts and acceptable outside resources.
subject: HCMG 750
Business
1 answer:
wolverine [178]2 years ago
3 0

Answer:

Hi bro

Explanation:

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A mortgage broker advertises a 30-year fixed-rate loan at a 2.00% rate. After the borrower arrives at the office and begins an a
Contact [7]

Answer:

Truth in Lending Act (TILA)

Explanation:

Mortgage brokering can be defined as a process which typically involves a mortgage broker acting as an intermediary between a financial institution (mortgage bank) offering loans and an individual that seeks to collect a loan.

This ultimately implies that, a mortgage broker acts as an intermediary (middleman) by connecting a creditor (lender) to those seeking to get a loan (borrower).

The Truth in Lending Act (TILA) also known as Consumer Credit Protection Act (CCPA) is a federal law of the United States of America that was enacted by the 89th US Congress and signed into law by President Lyndon B. Johnson on the 29th of May, 1968.

The main purpose of this federal law (Act) is to protect the consumer while using credit by mandating businesses to provide a full disclosure of the terms and conditions with respect to the credit.

According to the Truth in Lending Act (TILA), businesses are required to explain all collection fees, finance charges, late charges and interest charges up front before the time of service or application process commence.

In this scenario, a mortgage broker advertised a 30-year fixed-rate loan with an interest rate of 2.00%.

However, when the borrower arrived at the office of the mortgage broker and begins an application, the broker then went ahead to explain that the 2.00% interest rate is no longer available because his office was only able to do a limited number of them.

Thus, this broker is in violation of Truth in Lending Act (TILA).

6 0
3 years ago
Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $55,000 cash to start the business and rec
Talja [164]

Answer:

The ending retained earning would be $2,400

Explanation:

For computing the ending retained earnings balance, we have to use the formula which is shown below:

Even in the question, the formula is given so we use it

Ending retained earnings = Beginning retained earnings + net income - dividend

Ending retained earnings = 0 + $6,000 - $3,600

In the question, the beginning retained earnings balance is not given so we assume zero balance

So, the ending retained earnings would be $2,400

7 0
3 years ago
What is the book of first entry​
taurus [48]

Answer:

Journals

Explanation:

“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"

3 0
3 years ago
Yani just graduated from college and moved back to his hometown in Connecticut. He is offered a job at the large insurance firm
user100 [1]

Answer:

With Yani's counter-wage offer, the insurance firm will likely reject his counter-offer and, in the extreme, withdraw the employment proposal with the firm.

Explanation:

As indicated in the question, the insurance company is a monopsony.  A monopsony is the single buyer in the marketplace.  This means that there is no other firm that can employ Yani in his Connecticut hometown.  He must look for another job in another environment outside his hometown or condescend to accept the lower than hoped-for salary by the large insurance firm.

7 0
3 years ago
Identify two characteristics of utilitarianism, two characteristics of virtue ethics, and two characteristics of deontology. Wri
givi [52]

Answer:

Explanation:

One claim of unethical practice done by Starbucks is that they do not give a chance for small coffee-shops and try to cease them out by acquairing them or competing aggressively. However in the case of buying the coffeeshops they evaluate the price of the shop generously.

In terms of utilitarianism, the action of buying out small shops through generous offer is considered not unethical, because if Starbucks sets up their business nearby the small shop, it will most likely suffer and by purchasing them it is actually a favor for coffeeshops.

The characteristics of utilitarianism is:

The end result of an action should be the most positive outcome for all the parties concerned

The action that leads to the end result is not as important as the result itself

Even though discussed issue is ethical in temrs of utilitarianism view, it is unethical in terms of deontology. Starbucks is causing the shut down of the local business and also discouraging its growth.

The characteristics of deontological ethics is :

The action is the most important focus of the ethical consideration

The result may not be the best but the entity/person in charge should take an ethical action

The third part is the virtue ethics.  As per the virtue ethics, we cannot say that the action is ethical. This is not the only blame that Starbucks faces. They face allegation of exploiting coffee farmers, damaging the environment and mistreating their employees.

The characteristics of virtue ethics is

The moral value of the person/organization is more important than action or the result

Even if the action is unethical or the result is unethical, the moral of the person/company can still be correct.

3 0
3 years ago
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