ABC Company Had a Beginning Accounts Receivable Balance of $10,000

question 116

Multiple Choice

ABC Company had a beginning Accounts Receivable balance of $10,000, and had $12,000 of sales on account for the month. The ending Accounts Receivable balance was $14,000. Collections on Accounts Receivable for the month:

• A)were $12,000.
• B)were $36,000.
• C)were $8,000.
• D)can't be determined from the information given.

Comprehend the process and importance of accurate coding and Present on Admission (POA) assignment for health services.

Recognize the significance of major complications and co-morbidities (MCC) in health care coding and billing.

Acquaint with health care terminologies such as Length of Stay (LOS), Hospital-Acquired Conditions (HAC), and special software like DRG grouper.

Understand the use of HAC data in evaluating patient safety and payment adjustments.

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Definitions:

Labor-Force Participation Rate

The portion of the working-age population that is engaged in or seeking employment, including both employed and unemployed individuals.

Unemployment Rate

The percentage of people in the labor pool who are without employment and are actively hunting for jobs.

Labor-Force Participation Rate

The percentage of the working-age population that is in the labor force, including both employed and unemployed individuals.

Employed

The state of having paid work or being engaged in an activity or enterprise as a means of earning an income.