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What are the three different methods of cost containment and briefly describe how each method raises the cost of health care?
Three different methods of cost containment are: technological advances, the aging population, and health related lawsuits. Technological advances is raising the cost of health care because of the heart, kidney, lung, and liver transplants; transplants cost millions of dallors. The aging population is raising the cost of health care because older individuals have more chronic diseases and need more health services. Health related lawsuits is raising the cost of health care because lawsuits force health care providers to obtain expensive malpractice insurance.
What expenses are included in COGS?
Cost of Goods Sold (COGS) represents the purchase price of inventory. Companies usually use one of three methods to determine this cost. These are FIFO, LIFO, and average cost.
What are three corporate valuation methods?
The threes standard approaches to valuation are: 1) the income approach, 2) the market approach, and 3) the asset (or cost) approach.
What method of inventory cost flows is the cost flow assumed in reverse order?
THERE ARE THREE METHODS OF INVENTORY COSTS FLOW. 1: LIFO=first in first out 2; LIFO= last in first out 3: AVERAGE method and your answer is LIFO
What are the two stages of allocation in activity-based costing?
Identifying the activities and identification of cost drivers
What are the three different methods of cost containment and briefly describe how each method raises the cost of health care?
Three different methods of cost containment are: technological advances, the aging population, and health related lawsuits. Technological advances is raising the cost of health care because of the heart, kidney, lung, and liver transplants; transplants cost millions of dallors. The aging population is raising the cost of health care because older individuals have more chronic diseases and need more health services. Health related lawsuits is raising the cost of health care because lawsuits force health care providers to obtain expensive malpractice insurance.
How much did mummification cost?
A classical author, Diodorus Siculus tells us there were three different methods of mummification and these varied in cost."They have three manners of burial: one very costly, one medium and one modest. Upon the first a talent silver is spent, upon the second twenty minae, but in the third there is very little cost."
Define cost explain different costing methods and techniques?
It is important to have your costs and costing methods in order. This will ensure that your money is being well spent.
How is it possible to cut down the cost of one's automobile insurance?
There are several different methods that one can use in order to cut down the cost of one's automobile insurance. Some of these methods are: cutting rates, and changing insurance providers.
What expenses are included in COGS?
Cost of Goods Sold (COGS) represents the purchase price of inventory. Companies usually use one of three methods to determine this cost. These are FIFO, LIFO, and average cost.
List three problems of allocating goods and services using nonprice-related methods?
-problem of fairness -high administrative cost -diminishing incentive
What are the depreciations methods?
two methods: Cost method and diminishing balance method
What are three corporate valuation methods?
The threes standard approaches to valuation are: 1) the income approach, 2) the market approach, and 3) the asset (or cost) approach.
What is a cost concept?
Explain methods of costing
Inventory costing method?
There are different inventory costing methods an accountant can use for cost o goods sold accounting. The methods include last in, first out, average cost method, first in, first out, and specific identification method.
What method of inventory cost flows is the cost flow assumed in reverse order?
THERE ARE THREE METHODS OF INVENTORY COSTS FLOW. 1: LIFO=first in first out 2; LIFO= last in first out 3: AVERAGE method and your answer is LIFO
What are the two stages of allocation in activity-based costing?
Identifying the activities and identification of cost drivers
