Question

15. What is the percentage allocation of the Patient Revenue below: (6 Points) CH4 Amount Medicare Medicaid ΗΜΟ Private Commercial Other $1,200,000 1,700,000 800,000 350,000 275,000 150.000 $4,475,000 16. What are the two types of disbursements for services? CH 5 (4) A. Payment when Expense is incurred and Payment after expense is incurred. B. Cash payment and Credit Card payment. C. Administrative payment and Support payment D. General Services payment and Petty Cash payment 17. Give three examples of revenue producing cost centers. CH5 (3) 18. Is the following statement true or false? CH6 "Direct costs are incurred for the sole benefit of a particular operating unit" A. True B. False 19. Which of the following is a fixed costs? (4) CH A. Rent Expense B. Food Costs C. Medical Waste D Laundry Costs 20. If Sales equal $250,000. Cost of Goods Sold equals $75,000, what is the Gross Margin percentage? CH 7 (4)

Answer 1

! solution - 15 nिity Patient Revenue / Amount 1 % allocation medicare (1,200,000 26.81% voit medicaid (1,700,000 4 38% Hmo 800,000 17. 88% Private 350,000 7.82% Commercial & 275,000:6.14% Other 150,000 3.35% Total $4,475,500 100%

Solution 16 | Following are the two types of disbursement of service a Payment when expense is Incurred and payment after. expense is incurred. D Administative and support Payment. solution - 17. I Following are the three examples of avenue Producing Cost:- (a) direct material (6) Direct labor (of direct expenses is ourne solution - 1€ | (А.) Там не solution - 19 A) Rent Expense solution - 20 Cross Bofit a sales- Cost of goods sold Gross Profit % 175.000 = 250,000 - 75000 - 175000 80o = 70% -$175,000 25oooo