During 2016,Ambiance Company Reported Net Revenue of $3,600,000

question 79

Essay

During 2016,Ambiance Company reported net revenue of $3,600,000.The company reported net fixed assets of $710,000 on January 1,2016 and net fixed assets of $890,000 on December 31,2016.
Required:
Part a.Calculate the fixed asset turnover ratio.
Part b.Assume the 2016 fixed asset turnover ratio was lower than the 2015 ratio.Explain how an analyst might interpret this change.
Part c.Describe at least one circumstance that might have caused the fixed asset turnover ratio to decline and be consistent with bad news.
Part d.Describe at least one circumstance that might have caused the fixed asset turnover ratio to decline and yet be consistent with good news.

Recognize the operational features and benefits of computerized practice management software.

Knowledge about financial transaction recording systems used historically in medical practices.

Comprehend the roles and responsibilities of financial positions within a medical office.

Differentiate between various types of financial entries (e.g., debits, credits) and their implications.

---

Definitions:

Reinforced

Strengthened or emphasized through additional support, material, or information.

Cognitive Imagery Techniques

Psychological strategies that involve using mental images to improve behavior, emotions, and cognitive processes.

Progressive Muscle Relaxation

A technique in which individuals deliberately tense and then relax specific muscle groups to reduce stress and achieve physical relaxation.

Implosion

A process of collapsing or being forced inward, often used metaphorically to describe the sudden failure of structures or organizations.