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3 years ago

A form that contains charges, DOS, CPT codes, ICD codes, fees, and copayment information is called which of the following?

Business

1 answer:

vlada-n [284]3 years ago

5 0

Answer: <em>Option (a) is correct.</em>

Encounter Forms are referred to as printed forms which are utilized to record the charges, which are associated with a patient visit along with other useful information that is further required in order to bill insurance organizations. It also contains DOS, International Classification of Diseases, Current Procedural Terminology codes. These help to save time and record all charges from patient visits.

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When a firm or store offers a price reduction to customers who buy during off-peak periods throughout the year, we say the firm

german

Answer:

Seasonal.

Explanation:

A trade discount can be defined as a reduction in the price of goods given by a manufacturer to a wholesaler or retailer when they buy units of goods in larger quantities. This ultimately implies that, a trade discount is a percentage reduction in price given by a manufacturer to a wholesaler or retailer in order to encourage them to buy the goods in larger quantities and thus, increase revenue and profits.

Also, a seasonal discount can be defined as a reduction in the price of goods given during off-peak periods (off-season) in order to encourage customers to purchase a particular product.

Hence, when a firm or store offers a price reduction to customers who buy during off-peak periods throughout the year, we say the firm is giving a seasonal discount.

5 0

3 years ago

For consideration, Hazel orally promises to pay Jill $750 a month, on the first day of every month, for as long as Jill lives. H

Aliun [14]

Answer:

Hazel will have to pay Jill $750 for his remaining life because Hazel had received something which is very expensive in return in compensation of his lifetime monthly payments of $750 to Jill. So this means that the 100% contract is enforceable.

The contract formation can be proved in the court because when Hazel will say that the contract is not written so according to Statute of Fraud he is not liable to pay Jill. This means he is agreeing at the point that the contract was in place.

6 0

3 years ago

Pettit Ice Cream Company produces various ice cream products for which demand is highly seasonal. The company sells more ice cre

Rashid [163]

Answer:

a) Fixed costs = $22,000

b) $70,000

c) The high low cost method is generally inaccurate because it only considers the extremes, the highest and lowest costs and activity levels. Generally costs are not linear, but they might follow a certain tendency. The advantages of the high low cost method is that it is fairly accurate when costs are stable, plus it is much simpler to calculate.

d) Assuming that costs follow a certain tendency, regression analysis is much more exact since it analyses the relationship between different data and different variables. When you analyze only 2 variables, a linear regression analysis will serve you. but if you need to analyse more than two variables, then you must use a multiple regression analysis.

The R² statistic basically measures how one variable's variance is affected by other variables. E.g. if R² is 0.75, then 75% of the variance of A will be explained by the variance of B.

Explanation:

variable cost using high low cost method = (highest activity cost - lowest activity cost) / (highest activity level - lowest activity level) = ($82,000 - $46,000) / (50,000 - 20,000) = $36,000 / 30,000 gallons of ice cream = $1.20 per gallon of ice cream

fixed costs = $82,000 - (50,000 x $1.20) = $22,000

40,000 gallons

$22,000 + (40,000 x $1.20) = $70,000

how regression analysis improves accuracy of high low cost method

3 0

3 years ago

Kelly sells women's accessories. Her prospective buyer is smiling and is eyeing the samples Kelly brought with her to the sales

Paladinen [302]

Answer:

Ask the potential client to try out the accessories and give the prices.

Explanation:

Having the legs uncrossed and her arms relaxed the client is showing that is comfortable with the situation and open to accept the products offered by Kelly. The best way to proceed would be presenting her prices offer and starting the negotiation, she should pay attention to the client's behavior to know of she is willing to negotiate and acquire the products.

3 0

3 years ago

Lakers Company produces two products. The following information is available: Product X Product Y Selling price per unit $46 $36

never [62]

Answer:

A) Contribution margin : Product X: $8; Product Y: $12

B)The expected net income: $18,000

C) Break-even point in units for each product is Product X 19,500 units, Product Y 6,500 units.

D) Break-even point in units for each product is Product X 14,625 units, Product Y 9,750 units.

Explanation:

A) Contribution margin for each product:

Product X = Selling price of X - Variable cost of X = 46 - 38 = $8

Product Y = Selling price of Y - Variable cost of Y = 36 - 24 = $12

B) The expected net income:

Expected net income = Contribution margin of product X x Units of Product X sold + Contribution margin of product Y x Units of Product Y sold - Fixed cost = 8 x 21,000 + 12 x 7,000 - 234,000 = $18,000

C) The break-even point in units for each product assuming the sales mix is 3 units of Product X for every 1 unit of Product Y:

Denote a is the number of Y BEP (in units) => 3a is the number of X in BEP (in units)

We have 3a x 8 + a x 12 = 234,000 <=> 36a = 234,000 <=> a = $6,500 <=> 3a = 19,500

Thus, break-even point in units for each product is Product X 19,500 units, Product Y 6,500 units.

D) The break-even point in units for each product assuming the sales mix is 3 units of Product X for every 2 units of Product Y:

Denote b is the number of Y BEP (in units) => 3b/2 is the number of X in BEP (in units)

We have 3b/2 x 8 + b x 12 = 234,000 <=> 24b = 234,000 <=> b = $9,750 <=> 3b/2 = 14,625

Thus, break-even point in units for each product is Product X 14,625 units, Product Y 9,750 units.

3 0

3 years ago