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3 years ago

According to the AAPC Code of Ethics, which term is NOT listed as an ethical principle of professional conduct?

Business

1 answer:

Tcecarenko [31]3 years ago

7 0

Answer:

The correct answer is letter "E": Efficiency.

Explanation:

The American Academy of Professional Coders (AAPC) is the organization in the U.S. in charge of certifying administrative workers of the healthcare system such as billers, coders, and practice managers. The certifications the AAPC provides are medical coding, medical auditing, physician practice management, just to mention a few.

Within its code, the AAPC establishes five (5) principles of professional conduct which are integrity, respect, commitment, competence, and fairness. Efficiency is not one of them.

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On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are c

gayaneshka [121]

Answer:

$21,800

Explanation:

The computation of 4-year revenue is as shown below:-

Bond Income of 4th Year = Face amount × Bond × 1 ÷ 2

= $500,000 × 8% × 1 ÷ 2

= $20,000

Interest Revenue = Bond Income + Amount of Discount Amortized

= $20,000 + $1,800

= $21,800

Therefore for computing the interest revenue we simply bond income with the amount of discount amortized.

6 0

3 years ago

Prist Co. had not provided a warranty on its products, but competitive pressures forced management to add this feature at the be

Naddika [18.5K]

Answer:

Event 1:

Debit Warranty expense for $8.416.

Credit Warranty liability $8,416.

Event 2:

Debit Warranty liability for $8,416.

Debit Warranty expenses for $11,484.

Credit Cash for $19,900.

Explanation:

Estimated warranty liability = $4,208,000 * 0.2% = $8,416.

Excess of actual and over extimated warranty liability = $19,900 - $8,416 = $11,484

The journal entries will look as follows:

Details Dr ($) Cr ($)

Warranty expense 8.416

Warranty liability 8,416

(To record the estimated warranty liability).

Warranty liability 8,416

Warranty expenses 11,484

Cash 19,900

(To record actual warranty cost).

8 0

3 years ago

When the goods are sold, their costs are transferred from work in process to finished goods.

lara31 [8.8K]

The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.

5 0

3 years ago

After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint accou

yarga [219]

Answer: Please refer to Explanation

Explanation:

According to the Federal Deposit Insurance Corporation, the limit to the amount a person can be insured for is, $250,000 per depositor, per insured bank.

That means that Tony's account at a balance of $120,712 is covered completely as it is well below $250,000.

Their Joint account is also completely covered at $60,099.

Cynthia however does not have complete coverage as her bank account exceeds to the coverage limit by $3,629 which will not be covered.

Should be noted that should she transfer this excess to the joint account then she should be fully covered.

5 0

3 years ago

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Speci

tatyana61 [14]

Answer:

Answer for the question:

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Specifically, the company will set aside 2% of total sales revenue for year-end bonuses. The sales are expected to be $5 million the first year, $5.5 million the second year, and amounts increasing by 10% each year for the next 5 years. At an interest rate of 6% per year, what is the equivalent annual worth in years 1 through 5 of the bonus package?

is given in the attachment.

Explanation:

4 0

3 years ago

Read 2 more answers