All categories

4 years ago

Why is it important for a future Medical Administrative Assistant to understand of basic accounting and banking procedures?

1 answer:

3 0

The medical administrative assistant is responsible for managing the front desk operations of a medical facility ( s hospital, a physician's office...). The job of a medical administrative assistant includes: communicating with patients, scheduling appointments, accounting and billing, filing insurance claims, maintaining records.<span> For a future medical administrative assistant it is important to understand of basic accounting and banking procedures because his/her job will require </span>handle billing and light bookkeeping.

You might be interested in

The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their hor

igor_vitrenko [27]

Answer:

The options are given below:

A. $10.

B. $4.

C. $6.

D. $11.

The correct options is D.

Explanation:

Landed cost refers to the total price of a product or shipment once it has arrived at a buyer's doorstep. It includes the original price of the product, the transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.

Therefore, in calculating the landed cost of the question above, we sum all the costs incurred thus:

Purchase price = $4

Transportation cost = $6

Packing and loading cost = $1

Landing cost = $4 + $6 + $1 = $11.

5 0

3 years ago

Country X's economy is in an inflationary gap. Which of the following combinations of fiscal and monetary policy actions would r

scoundrel [369]

Answer:

To restore full employment in the short run during an inflationary gap condition, the government has to apply contractionary fiscal and monetary policies that will reduce the supply of money.

Explanation:

An inflationary gap is an economic situation that is characterised by excess demand. Particularly it is that situation when the real gross domestic product of a country is greater than the projected gross domestic product. In this condition, actual aggregate demand is higher than potential aggregate demand implying that more goods and services are needed to satisfy consumers. From another perspective, this could be caused by a fall in aggregate supply while aggregate demand remains stable.

Government intervention in this case is to reduce the money supply by implementing contractionary fiscal policies such as increasing taxes, reducing government expenditure which in turn reduces disposable income. Contractionary monetary policies that could be applied include increasing short-term interest rates, increasing reserve requirements. Though this policies come in with some unwanted side effects such as unemployemnt, they however serve as short term adjustment measures for an inflationary gap condition.

6 0

3 years ago

Cattle House Steaks, a Colorado company, enters into a contract over the phone with Beef Packing Inc., an out-of-state corporati

DanielleElmas [232]

Answer: d. under the minimum-contacts test.

Explanation:

Cattle House Steaks, a Colorado company, enters into a contract over the phone with Beef Packing Inc., an out-of-state corporation. If a dispute arises, a Colorado court can exercise jurisdiction over Beef Packing under the minimum-contacts test.

Minimum contacts applies to situations whereby a court in one state can assert its personal jurisdiction over another defendant which isn't in that same state but is in another state.

5 0

3 years ago

1. Develop a marketing plan for the business you described in Final Assignment A by replacing the information in each of the cat

zvonat [6]

Answer:

Final Assignment B

Market Research-

What will make my market research a more successful plan is the research I've found and done for it. Demographic, Psychographic Geographic, and Behavioral are the three key segments in my market plan. This will aid in the differentiation of gender, age, and lifestyle in my market plan. The Demographic market segment of my market plan is what I'm mostly targeting.

Demographic segmentation separates the market into smaller groups based on criteria like age, gender, and income. Instead of reaching out to the entire market, I'll use this strategy to concentrate resources on a certain segment of my market.

Product Description-

When people learn about my low prices on the thing I'm offering, they'll be hooked. Everyone deserves luxuries, not some rubbish that turns your neck green after a few rinses, with the most magnificent jewelry and clothing.

People will require this since everyone has an important meeting or a special family gathering, and no one has the same level of luxury as a really wealthy individual. The things aren't visibly made of the same material as Gucci or other more costly locations, but that's part of what makes them so appealing: you get what a millionaire has for a fraction of the cost. People will be ecstatic because they can now buy something they couldn't before, allowing them to make their looks look drastically different and giving them the confidence to go out when others don't.

Competition Analysis-

Shien, a large clothing company, sells shirts for as little as $12, and every product they sell is quite low. The difference between their company and mine is that mine will sell things at that price, but they will appear to cost more, and everything will be made creatively and not sell fakes.

All of the materials used in the apparel will have a luxurious feel to them and will not appear to be cheap. Every piece of clothing sold will be available in every size, allowing everyone to experience good apparel rather than having to choose between different sizes, causing people to miss out on something truly unique and to their taste.

Brand Image Goals-

I want my customers to think of my business as a destination. They don't have much money or are saving for something special, but they have been asked to something once in a lifetime, which is where my company comes in. They won't go to any other store since it's so amazing.

The atmosphere in the store will be so pleasant and inviting that customers will wan

4 0

3 years ago

Which of the following statements is correct? Managers will be more likely to pursue projects that will benefit the entire compa

miss Akunina [59]

The manager may reject a proposal utilizing ROI that perhaps the manager accepts the use of recurring revenue.

<u>Explanation: </u>

Return on investment is a measure of quality that is used to determine investment efficacy or evaluate a variety of different assets with quality. ROI attempts, by comparison with investment costs, to accurately measure the returns of a particular transaction. For order to calculate ROI, the investor's gains (or returns) are distributed between the investment costs. As a percentage, the outcome is shown.

$\text { ROI }=\frac{\text { CURRENT VALUE OF INVESTMENT-COST OF INVESTMENT }}{\text { COST OF INVESTMENT }}$

For example, a shareholder is buying an $\$800,000$ worth of property. The investor sold the estate at $\$2,000,000$ two years later.

$\text{ ROI } = \frac{(2,000,000-800,000)}{(800,000)}=1.5\%$

3 0

3 years ago