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Korvikt [17]
4 years ago
5

TOPIC FIVE (TEST - Vocabulary)

Business
1 answer:
kaheart [24]4 years ago
7 0

Answer:

1 sole trading concern

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A firm pursuing a related constrained diversification strategy would typically need all of the following EXCEPT: a. division man
Aneli [31]

Answer:

A) division managers' rewards based on division financial performance.

Explanation:

A related constrained diversification strategy is used by firms that want to extend its resources and capabilities to create and increase their value. Usually the way firms can achieve this goal is by encouraging economies of scope within their organization.

Economies of scope refer to cutting production costs by producing more than one different good or service, because it is cheaper to jointly produce them than to produce them separately.

4 0
3 years ago
What do you believe are the two most significant components of the medical billing workflow?
monitta

Answer:

Explanation:

Six critical components for medical calculation (the first two are the most important):

1: Eliminate confusion that it is really an invoice.

Insured patients often receive two service-related communications - a certificate of benefit from an insurance company (EOB) and an invoice from a health care professional. EOBs usually include service history, work done, who the provider is, the amounts allowed under the insurance plan, adjustments, deductions and patient liability.

2: Make sure the patients know what the invoice is.

For recurrent patients, there may be confusion as to what service or design the bill is about. Specify the date of service, medical care, and services provided so that the patient can see the amount paid.

3: Provide clear line items showing prepaid patient payments (co-payments) and contributions from the insurance company.

Explain to patients what credits are already used in the invoice. This can help insurers understand what they contribute, personal responsibility, and promote timely payments.

4: Provide invoices as patients wish to receive.

For some patients, paper invoices may be the method they choose to consult with health care providers. For others, electronic invoices may be more appropriate. Paper sheets can offer patients the opportunity to pay by check, write their payment card information, or use an online portal that supports one-time guest payments. Electronic invoices can reduce the cost of printing and shipping paper invoices, eliminate delays in document invoices, and provide direct access to online portals where they can edit and manage their billing practices.

5: Provide patients with different options to pay.

As patients prefer paper or electronic invoices, they have choices about how they want to pay. Some love the convenience of paying with a credit card, while others may opt for cash, check or debit card transactions. From billing solutions that support multiple payment methods and payment channels to credit card transactions on mobile devices, one billing solution can increase your ability to pay on time.

6: Help patients along the way.

No matter how much a health worker strives to meet the needs of his patients, patients will have questions regarding referral reports. Useful support professionals (both online and by phone) can provide easy access, help patients better understand their laws and encourage their timely payment.

5 0
3 years ago
Staley company has 30 order operators with associated costs of $1,000,000 per year. Staley calculated that each operator worked
Ad libitum [116K]

Answer:

$20.833

Explanation:

Given that,

Number of order operators = 30

Cost associated with these order = $1,000,000 per year

Each operator worked = 2,000 hours per year

Productive work provided by each operator = 1,600 per year

Cost for each order = Total Cost associated ÷ Number of order operators

                                 = $1,000,000 ÷ 30

                                 = $33,333.3333

Rate per hour for each order entry employee:

= Cost for each order ÷ Productive work provided by each operator

= $33,333.3333 ÷ 1,600

= $20.833

5 0
3 years ago
SportsWorld purchased a delivery van for $23,000 with a residual value of $3,000 on September 1, 2019. The van has an estimated
baherus [9]

Answer:

$1,333

Explanation:

The computation of the deprecation expense is shown below:

= (Original cost - residual value) ÷ estimated useful life

= ($23,000 - $3,000) ÷ 5 years

= $4,000

This $4,000 depreciation expense come for a year but the asset is purchased on September 1, 2019 and the books are closed on December 31, 2019

So, the four months depreciation expense would be

= Yearly depreciation expense × number of months ÷ (total number of months in a year)

= $4,000 × (4 months ÷ 12 months)

= $1,333.33

The four months is calculated from September 1 to December 31

8 0
4 years ago
Partially correct answer iconYour answer is partially correct. This information relates to Windsor Co.
I am Lyosha [343]

1.  Dr Merchandise inventory    25100

                Cr  Accounts payable       25100

        (To record purchase of inventory on account)

2. Dr Merchandise inventory   530

               Cr  Cash                          530

       ( To record freight cost )

3. No entry

4.  Dr Accounts payable   3600

             Cr  Merchandise inventory    3600

       ( To record purchase return)

5.  Dr Accounts payable   ( 25100-3600)  21500

                         Cr  Cash                                        21500

      (To record paid the amount due).

4 0
3 years ago
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