The three methods of allocating the costs of support departments to operating departments are:-
a. The direct (assignment) method ignores all services provided by one support organization to another support organization. Allocate the cost of each support department directly to the
operations department. The
b. step-down (allocation) method sequentially allocates support department costs to other his
support departments and operations departments in such a way that the
partially approves the mutual service of all support departments.
c. The Mutual (Attribution) process allocates support department costs to operations by fully authorizing the mutual services provided between all support departments.
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Answer:
post an ad online
Explanation:
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Answer:
b. $103,345
Explanation:
Assets = Liabilities + Owner's Equity
Owner's Equity (Year 1) = $908,100 - $267,845
= $640,255
Owner's Equity (Year 2) = $980,279 - $233,892
= $746,387
increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)
= $746,387 - $640,255
= $106,132
Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals
= $106,132 - $28,658 + $25,871
= $103,345
Therefore, the amount of net income during Year 2 is $103.345.
The ten step cycle that results in the timely payment for patients' medical services is the MEDICAL DOCUMENTATION BILLING CYCLE.
Medical billing is a payment method that is used in USA health system. The medical billing process is an interaction between the healthcare providers and the insurance companies who are responsible for payments of medical services rendered to their clients.