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A Patient with HIV Contracts Herpes Simplex Virus (HSV), and the Prescriber

question 1

Multiple Choice

A patient with HIV contracts herpes simplex virus (HSV) , and the prescriber orders acyclovir (Zovirax) 400 mg PO BID for 10 days. After 7 days of therapy, the patient reports having an increased number of lesions. The nurse will expect the provider to:

Distinguish the operating cycles and financial reporting between service and retail businesses.
Know how the cost of merchandise sold and inventory costs are determined and reported.
Understand how sales, operating expenses, and net income are related in a merchandise business.
Recognize various inventory and sales terms and their implications in accounting.

Definitions:

General Journal

A bookkeeping ledger that records each financial transaction of a company in chronological order.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue; often referred to as the bottom line.

Revenue and Expense Account Balances

The amounts recorded in accounts tracking the income earned and expenses incurred by a business over a period of time.

Owner's Capital Account

An equity account on the balance sheet representing the owner's investment and retained earnings in the business.

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