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3 years ago

What supports the codes that are chosen for an insurance claim to ensure reimbursement?

1 answer:

4 0

The diagnostic code set of ICD-10 would help ensure a patients reimbursement. By using the code, the patient could give the diagnosis properly and would help the claim not to be denied because of incorrect coding and consequently incorrect billing.

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Why did a division of labor occur when people started to produce a surplus of food

Aneli [31]

Simple answer is efficiency.

More output can be produced if labour specialised and focused on a particular activity.

One due to the time saved from switching tasks and secondly getting better (and faster) at what they do.

This leads to two outcomes.
1. Lower average costs of production
2. Greater output.

7 0

3 years ago

Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,

Yuki888 [10]

Answer:

d. Salaries and Wages Expense 550, Advertising Expense 950, Cash 1,500

Explanation:

Whenever a new entry is posted firstly the accounts which are debited are entered.

Secondly the accounts which are credited are posted.

And, the total of debit and total of credit shall always be same, so that the entry is recorded properly.

As an expense, it reduces income and is always debited.

And as for settling the expenses cash is paid, cash being an asset when reduced will be credited.

Total expenses debited = Salaries and Wages + Advertising Expense = 550 + 950 = 1,500

Therefore, as against it cash paid = $1,500 shall be credited.

Cash = $1,500

Thus, correct option is d.

5 0

3 years ago

A company is considering two capital investments. Each requires an initial investment of $15,000 and has a 4 year useful life. I

yaroslaw [1]

Answer:

3 years

Explanation:

The computation of the payback period is shown below:

Payback period = Initial investment ÷ Net cash flow

where,

Initial investment is $15,000

And, the net cash flow would be

= Year 1 + year 2 + year 3 + year 4

= $5,000 + $5,000 + $5,000 + $5,000

= $20,000

As we see that the net cash flow is recovered in three years that means net cash flows and the initial investment are equal

So,

Payback period would be

= $15,000 ÷ $15,000

= 3 years

7 0

3 years ago

What reasons would you give for the reaction of consumers to price changes

zloy xaker [14]

Answer:

At first, the consumer might think that the watch might be more exclusive than before. Or consumer also might think that the company is so greedy to get more profits. Similarly, if the company cutting off price may have the negative impact on the consumer mind.

Uh yes my answer

Explanation:

7 0

3 years ago

Read 2 more answers

Center Chemical Company's Industrial Division makes 400,000 gallons of rubbing alcohol each year and has enough capacity to manu

Fittoniya [83]

Answer:

cost-based transfer pricing

Explanation:

If the firm uses negociated rtansfer pricing they will stablish the transfer price based on manager bargain skill and leverage of each division. The CEO will not a grip on controlling cost across all dvisions, the managers will.

Therefore the best option is to go with a cost-based transfer pricing. The CEO can determinatethe method to determinate the cost and indriectly the cost across all divisions.

5 0

4 years ago