3) What are the functions of FASB, GASB and FASAB? Explain

Q: Novello Medical Center has a single operating room that is used by local physicians to perform…

A: Answer a) Computation of estimated Number of operating room hours for the year is as follows:…

Q: Maintaining a clean working environment is important to Napco, an industrial parts manufacturer.…

A: Variable Cost per cleaning = $8000/4 = $2000 per cleaning.MonthNumber of CleaningsFixed CostVariable…

Q: s Fr Note payable plus accrued interest... Cash... ACCounts receivable-net Inventories....…

A: GIVEN Estimated Net Book ValueRealizable Values Cash              $    3,000              $…

Q: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: What is the purpose of EDI?

A: Electronic data interchange: The expansion of EDI is Electronic Data Interchange and it allows the…

Q: 1. Notes and accounts receivable that result from sales transactions are often called receivables.

A: Note : As per the guidelines, only first question will be answered. Kindly post the remaining parts…

Q: Excel Online Structured Activity: Income and Cash Flow Analysis The Berndt Corporation expects to…

A: Net cash flow is the amount of cash generated or lost over a specific period of time, usually over…

Q: How are OLTP and OLAP different? Provide some examples to explain.

A: Definition; Computer-based information system: Computer-based information system refers to the…

Q: hat is APY

A: In interest there is compounding and other is simple interest. In the compouding there is interest…

Q: Big Apple Company sells tickets in advance for its weekly productions and records the proceeds as…

A: A T-account has three sections. The top is the name of the account. The left-hand side is where…

Q: What is ESOP?

A: It is abbreviated as Employee Stock Ownership Plan is defined as a plan that gives the workers a…

Q: Sysco Corporation, formed in 1969, is the largest global distributor of food service products,…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: purpose of FA

A: FASB stands for Financial Accounting Standards Board. It is a non-profit organization that follows…

Q: Could you explain part C and D?

A: ROI or return on Investment is computed by dividing the net profit earned by the total investments…

Q: What are the functions of the PCAOB?

A: Introduction PCAOB stands for Public Company Accounting Oversight Board. This is a private…

Q: What is the full form of ERP? Explain ERP with examples?

A: ERP means Enterprise Resource Planning, it is a process management software used by organizations to…

Q: What is EBITDA?

A: EBITDA is a metric which is used to measure the company's profitability. Though there is no legal…

Q: Question 1 During the most recent year, Jerai Company had the following data associated with the…

A: Cost accounting is the one widely used by the management to ascertain the per-unit cost of the…

Q: Construct NPV profiles for Plans A and B. B

A: WACC:Weighted average cost of capital (WACC) represents a company's average after-tax cost of…

Q: answer for question B (iv) .

A: Consolidated balance sheet can be defined as the balance sheet prepared by the parent entity. This…

Q: What is a CMO?

A: A collateralize mortgage obligation (CMO) refers to a type of mortgage-backed security that contains…

Q: Cusic Music Company is considering the sale of a new sound board used in recording studios. The new…

A: Operating cash flow is helpful in measuring the amount of cash generated from the business…

Q: A reasonably good model for stock prices / asset values dS = µSdt+oSdz or ds S where is the expected…

A: GBM ( Geometric Brownian Motion) : It is a continuous-time stochastic process in which the logarithm…

Q: about Question D and E?

A: Answering the part D and E as specifically asked

Q: what about quesitons E and F?

A: Work in progress (WIP) also called work in process, is inventory that has begun the manufacturing…

Q: sources of input data may include all of the following business documents except : a- sales invoice…

A: Source document refers to the document of original record, that is recorded when it is collected for…

Q: Discuss whether the following items would meet the definition of a liability using the criteria…

A: IFRS are the international financial reporting standards that are being used for accounting and…

Q: What does the IAS 2 explains?

A: The answer is provided as follows:

Q: What is OLTP and OLAP? How are they different?

A: OLAP stands for Online Analytical Processing which helps in analyzing different business elements…

Q: d. If the fair value of the portfolio of securities was $330,000 on December 31, 20Y6, what would be…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: What is the answer to d e and f?

A: Ending InventoryEnd of Years (Dollars)Base (Dollars)X1,9501,500Y10,8008,10012,7509,600Price…

Q: RTN: What is its significance?

A: RTN is an abbreviation of Routing Transit Number, which is very important aspect in the banking as…

Patient billing and collection

Patient billing and collection is a process where a medical charge will be imposed on the patient and the amount will be collected after considering co-pays, insurance deduction, and non-covered insurance. Billing and collection in the medical process is a vital process for the patient as well as the health organization. For a health organization, collecting medical charges is income for service provided by them to a patient. For a patient, medical billing is the expense for using the service provided by the health organization. For some patients, certain services will be covered under the insurance policy, and the remaining charges have to be paid out-of-pocket. The collection of such bills has to be clearly stated without creating a chaotic situation for patients and insurance providers. A billing statement will be easily collected for the uninsured patient as medical charges will be directly collected from them.