What Is the First Thing the Medical Assistant Should Do

question 62

Multiple Choice

What is the first thing the medical assistant should do when a check is returned unpaid by the bank?

• A) Contact the person who wrote the check.
• B) File it with the district attorney's office.
• C) Send a letter refusing to see the person as a patient until the matter is resolved.
• D) Write off the account.

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Definitions:

Margin Of Safety

The difference between actual sales and the break-even point, indicating the extent to which sales can drop before the company incurs a loss.

Fixed Expenses

Costs that do not fluctuate with the level of production or sales volume, such as rent and salaries.

Annual Profit

The net income a company earns over a fiscal year, after subtracting all expenses, taxes, and costs from total revenue.

Contribution Margin Ratio

The percentage of each sales dollar remaining after deducting variable costs, used to cover fixed costs and profit.