Calculate the Case Mix Index (CMI) for the Below Data

question 33

Multiple Choice

Calculate the Case Mix Index (CMI) for the below data:

• A) 2.1245
• B) 1.0643
• C) 0.8937
• D) 0.9906

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Definitions:

Journal Entries

Written records of all the financial transactions of a business, which are then used to prepare financial statements.

Debits Equals Credits

A fundamental principle of accounting stating that for every transaction, the total debits must equal the total credits in a double-entry bookkeeping system.

Posting Reference Notation

A symbol, number, or letter added to ledger entries to identify the source document or journal where the transaction was first recorded.

Ledger

A comprehensive collection of accounts that records all financial transactions of a business, organized to show the financial status and activities.