The goal of a billing department (or organization if independent of a medical practice) is to submit claims that will produce payments from insurance carriers in a timely manner
Indicate whether the statement is true or false.
T
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What is the correct sequence for closing the temporary accounts?
a. revenues, expenses, Income Summary, Drawing; b. expenses, revenues, Income Summary, Drawing; c. revenues, expenses, Drawing, Income Summary; d. Drawing, revenues, expenses, Income Summary; e. net income, Drawing, Income Summary
All of the following are true concerning marine insurance except:
A) bottomry was an early form of insurance that covered the outstanding balance on a loan for a ship B) respondentia was an early form of insurance that covered outstanding loans on cargo C) the earliest ocean marine contracts only covered losses caused by pirates and ship owner's fraud D) originally coverage did not specify (list) the individual perils causing loss
Ahart Products, Inc., has a Transmitter Division that manufactures and sells a number of products, including a standard transmitter that could be used by another division in the company, the Remote Devices Division, in one of its products. Data concerning that transmitter appear below: Capacity in units 79,000Selling price to outside customers$61Variable cost per unit$42Fixed cost per unit (based on capacity)$8?The Remote Devices Division is currently purchasing 4,000 of these transmitters per year from an overseas supplier at a cost of $59 per transmitter.?Assume that the Valve Division is selling all of the valves it can produce to outside customers. Also assume that $3 in variable expenses can be avoided on transfers within the company due to reduced shipping and selling
costs. What should be the minimum acceptable transfer price for the valves from the standpoint of the Valve Division? A. $47 per unit B. $59 per unit C. $58 per unit D. $61 per unit
Which of the following is not a CRM industry best practice?
A. Define information needs and flows. B. Build an integrated view of the customer. C. Scalability for organizational growth. D. Implement in the big bang approach.