Two People, Mark and Tim, Are Both Coding Medical Records

question 7

Multiple Choice

Two people, Mark and Tim, are both coding medical records. Mark codes eight records every 35 minutes (8:35) . Tim, on the other hand, codes 15 records an hour (15:60) . Who is faster and by how much?

• A) Mark is faster by 5.291 minutes per record.
• B) Tim is faster by 3.543 minutes per record.
• C) Mark is faster by 1.468 minutes per record.
• D) Tim is faster by 0.375 minutes per record.

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Definitions:

Receivable

Amounts of money owed to a company by its customers or other parties for goods or services provided.

Periodic Inventory System

An inventory system that updates inventory records at specific intervals, requiring physical counts to determine cost of goods sold.

Purchases

Acquisition of goods or services in exchange for money, usually considered in the context of inventory or supplies for a business.

General Journal

An accounting ledger that records all types of transactions before they are transferred to specific accounts in the general ledger.