0
What are the largest expense categories incurred by health care service?
Wiki User
∙ 13y ago
Nonpayment for services rendered is one of the largest expenses incurred in the health care organization. Claims, by far, is number one. Employee expenses, number two - salaries, benefits, compliance, payroll taxes, etc.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
When should be the cost of product warranty included as an expense?
Just as with any other cost of doing business, When the expense is incurred in the course of production or service then those costs should be included in expenses.
Is motor expenses a fixed cost?
The nature of the expense decides whether it is capital or revenue expense. If the expense is incurred for maintaing it in good condition it is revenue nature and it has to be debited in profit & loss account (eg. petrol, service charges, ect.). If the expense is incurred for making it run then it is capital nature and is to be added to the value of the motor car. (eg. change of engine or any important parts which is important for the running of the motor car)
What are the major reasons for accrual accounting?
The accounting method under which revenues are recognized on the income statement when they are earned (rather than when the cash is received). The balance sheet is also affected at the time of the revenues by either an increase in Cash (if the service or sale was for cash), an increase in Accounts Receivable (if the service was performed on credit), or a decrease in Unearned Revenues (if the service was performed after the customer had paid in advance for the service).Under the accrual basis of accounting, expenses are matched with revenues on the income statement when the expenses expire or title has transferred to the buyer, rather than at the time when expenses are paid. The balance sheet is also affected at the time of the expense by a decrease in Cash (if the expense was paid for when it incurred), an increase in Accounts Payable (if the expense will be paid in the future), or a decrease in Prepaid Expenses (if the expense was paid in advance).
Prepaid expence is?
A prepaid expense is simply an expense that is paid in advance of the service being used. Most cable companies, for example, charge you for the following moth's service, and if you terminate your service, they refund the unused portion of your payment.
What economic factor disfavor e- commerce?
Channel conflict, price conflict, logistics expense and customer-service expense
When is prior service cost recognized as a pension expense?
Prior service cost should not be recognized as pension expense entirely in the year of initiation, but should be recognized during the service periods of those employees who are expected to receive benefits under the plan. Consequently, unrecognized prior service cost is amortized over the service life of the employees who will receive benefits and is a component of net period pension expense each period.
What are the industry categories?
agriculture,manufacturing,retail,wholesale,and service
What is Basic Hospital Expense Coverage?
The type of insurance policy that covers expenses incurred at a hospital place of treatment. It generally excludes other coverage such as doctors charges. It sometimes is a fee based coverage or indemnity coverage meaning benefits are paid based on a set fee for a specific service listed in the contract.
What are the four categories of fire service members?
Your local Fire Service Station should be able to tell you
Is Craigslist a pay per service?
Craigslist has some categories that are free and categories that are pay per post.
How can you benefit from service oriented architecture?
There are many benefits to serviced oriented architecture for your company. Service oriented architecture allows multiple departments within a company are available to a customer through one website.
The 3 categories of consumer credit are?
Service, Cash, and Sales Credit.
