A Company Has the Following Current Assets and Current Liabilities

question 30

Multiple Choice

A company has the following current assets and current liabilities (all figures in '000s) : $$\begin{array} { l r } \text { Cash and accounts receivable } & \$ 1,000 \\\text { Inventory and prepaid expenses } & 1,000 \\\text { Current liabilities } & 1,500\end{array}$$ The company is concerned about not looking liquid enough and is considering borrowing $500,000 from the bank to buy short-term highly liquid investments.What would be the effect on their current ratio and quick ratio? $\begin{array}{ll}&\text { Current } & \text { Quick } \\&\text { Ratio } & \text { Ratio }\\A.&\text { Increase } & \text { Increase } \\B.&\text { Increase } & \text { Decrease } \\C.&\text { Decrease } & \text { Increase } \\D.&\text { Decrease } & \text { Decrease }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

Identify the importance of accurate patient billing and electronic medical records.

Understand the role of outsourcing in medical billing.

Grasp the significance of practice management (PM) software in generating billing statements.

Explain the procedures and implications of adjustments made to patient accounts.

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Definitions:

Redlining

A discriminatory practice by which services (like banking or insurance) are withheld from potential customers in certain areas, often based on race.

Discriminatory Practice

Actions or policies that treat individuals or groups unfairly based on characteristics such as race, gender, age, or sexual orientation.

Nonwhite Area

Nonwhite Area, often used in the context of segregation, refers to geographical locations predominantly inhabited by people of racial or ethnic groups other than white, emphasizing spatial racial divisions.

White Flight

Refers to the phenomenon of white people moving out of urban areas, particularly those with a significant minority population, to suburban areas.