Recovery Audit Contractors (RACs) are different from other improper payment review contractors because they audit both inpatient and outpatient claims, are charged with finding overpayment and underpayments, and are reimbursed on a contingency-based system.
The correct answer is B.
Recovery Audit Contractors (RACs) are entities that are contracted by the Centers for Medicare & Medicaid Services (CMS) to perform recovery audits of Medicare and Medicaid claims submitted by healthcare providers. These entities are different from other improper payment review contractors because of the following reasons: a. RACs audit inpatient and outpatient claims: RACs have the authority to audit both inpatient and outpatient claims, which is not the case with other contractors. This means that RACs have a broader scope of work and are responsible for reviewing a wider range of claims. b. RACs are charged with finding overpayment and underpayments: RACs are responsible for finding both overpayments and underpayments, whereas other contractors are only responsible for finding overpayments. This means that RACs have a more comprehensive approach to finding improper payments. c. RACs are reimbursed on a contingency-based system: RACs are reimbursed on a contingency-based system, which means that they are paid a percentage of the improper payments they identify. Other contractors are not reimbursed on a contingency-based system. This means that RACs have a financial incentive to find improper payments.
In conclusion, Recovery Audit Contractors (RACs) are different from other improper payment review contractors because they audit both inpatient and outpatient claims, are charged with finding overpayment and underpayments, and are reimbursed on a contingency-based system. This makes RACs unique in their approach to identifying improper payments and emphasizes the importance of their role in the healthcare industry.
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The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:March AprilSales. $450,000 $520,000Manufacturing costs 290,000 350,000Selling and administrative expenses 41,400 46,400Capital additions 250,000 ---The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.Prepare a monthly cash budget for March and April.
Answer:
March $6,000
April $134,400
Explanation:
Preparation of a monthly cash budget for March and April
SYSTEMS COMPANY CASH BUDGET FOR MARCH AND APRIL
March April
Estimated cash receipts from:
Cash sales $157,500 $182,000
($450,000*35%=$157,500)
($520,000*35%=$182,000)
Collections of accounts receivable
$285,000 $328,900
[$51,000+($450,000*65%*80%)=$285,000]
[($450,000*65%*20)+($520,000*65%*80%)=$328,900]
Total cash receipts $442,500 $510,900
($157,500+$285,000=$442,500)
($182,000+$328,900=$510,900)
Estimated cash payments for:
Manufacturing costs $174,500 $305,000
[$102,000+($290,000*1/4)=$174,500]
[($290,000*3/4)+($350,000*1/4=$305,000)]
Selling and administrative expenses $37,000 $37,500
[($41,400-$6,400)/2 + $19,500 $37,000]
[($46,400-$6,400)/2 +$19,500$37,500]
Capital additions $250,000 $0
Income taxes $0 $40,000
Total cash payments $461,500 $382,500
Cash increase (decrease) -$19,000 $128,400
($442,500-$461,500=-$19,000)
($510,900-$382,500=$128,400)
Cash balance at beginning of month $45,000 $26,000
Cash balance at end of month $26,000 $154,400
(-$19,000+$45,000=$26,000)
($128,400+$26,000=$154,400)
Minimum cash balance $20,000 $20,000
Excess (deficiency) $6,000 $134,400
($26,000-$20,000=$6,000)
($154,400-$20,000=$134,400)
Therefore The monthly cash budget for March and April will be :
March $6,000
April $134,400
Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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In trading account freight belongs to which side debit or credit?
Answer:
Explanation:
In trading account, freight belongs to the debit side. It is a direct expenses on purchases and manufacturing operation
Freight is the cost incurred in transporting an item to its final destination when the terms are FOB shipping point. It is treated as part of the cost of merchandise and recorded in the inventory if the merchandise has not been sold.
Increase in the cost of freight are recorded on the debit side while decrease are recorded on the credit side.
why did the industrial revolution lead to a growth in marketing research?
The Industrial Revolution led to the growth of marketing research due to several reasons. One of the reasons is the need for increased production, which required companies to find new ways to sell their products.
Additionally, the rise of mass production made it possible for companies to produce goods on a large scale, which meant that they needed to find ways to market their products to a wider audience.
Marketing research became crucial during the Industrial Revolution because it helped companies identify the needs and preferences of their customers. By conducting surveys, companies were able to find out what their customers wanted and needed, which enabled them to tailor their products and marketing campaigns to meet those needs. This helped companies increase their sales and profits, which, in turn, fueled further growth in the industry.
Moreover, the rise of transportation and communication technologies also contributed to the growth of marketing research. Improved transportation made it easier for companies to distribute their products across the country, while the telegraph and telephone made it possible for companies to communicate with customers and suppliers over long distances.
This enabled companies to conduct surveys and gather data from a wider audience, which helped them stay ahead of their competitors.
In conclusion, the Industrial Revolution led to the growth of marketing research due to the need for increased production, the rise of mass production, the need to identify the needs and preferences of customers, and the improvement in transportation and communication technologies.
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Describe trade union
Answer:
A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.
A firm's WACC is 9. 5%. In Year 0, the figures are: EBIT of $10. 49 million, depreciation of $1. 23 million, net working capital increase of $0. 297 million, and capital spending of $1. 28 million, Free cash flows are expected to increase by 3. 2% per year forever. The firm's tax rate is 27%. What is the value of the firm, to the nearest $0. 001 million?
The value of the firm is approximately $122.222 million.
To calculate the value of the firm, we need to use the formula for the present value of cash flows. First, let's calculate the free cash flow (FCF) for Year 0. FCF is calculated by subtracting capital spending from the sum of EBIT, depreciation, and the change in net working capital.
FCF = EBIT - Depreciation - Change in Net Working Capital - Capital Spending
FCF = $10.49 million - $1.23 million - $0.297 million - $1.28 million
FCF = $7.70 million
Now, we need to calculate the weighted average cost of capital (WACC) for the firm. The WACC is given as 9.5%, which we will use as the discount rate.
Next, we need to calculate the perpetuity growth rate (g). It is given that the free cash flows are expected to increase by 3.2% per year forever. We convert this percentage to a decimal by dividing it by 100.
g = 3.2% / 100 = 0.032
Now, we can calculate the value of the firm using the formula:
Value of the Firm = FCF / (WACC - g)
Value of the Firm = $7.70 million / (0.095 - 0.032)
Value of the Firm = $7.70 million / 0.063
Value of the Firm ≈ $122.222 million
The value of the firm is approximately $122.222 million.
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which organization has published top reference books in the hvacr industry?
ASHRAE has published ASHRAE Journal since 1959 to offer industry leaders a monthly journal on need-to-know HVACR technology for today's best buildings.
The term "industry" refers to a broad category encompassing various economic activities involved in the production, manufacturing, and distribution of goods or the provision of services. It represents the collective efforts and organizations engaged in specific sectors of the economy, such as automotive, technology, healthcare, retail, and energy, among others. Industries play a crucial role in driving economic growth, generating employment opportunities, and meeting the needs and demands of consumers.
Within an industry, multiple companies or businesses operate, competing or collaborating to deliver products or services to the market. They employ various resources, including human capital, technology, machinery, and raw materials, to create value-added goods or experiences for customers. Industries are often influenced by factors such as market trends, government regulations, technological advancements, consumer preferences, and global economic conditions.
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Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates the total number of horse stalls in her market to be 5000, owned by a total potential population of 1500. Currently, there are only two competitors in the market, Allison, who has 650 stalls that she cleans, and Sam's Hayfaring Maneger, that cleans 1,320 stalls. The remainder of the stalls are cleaned by their owners rather than by a service. Allison prices her cleaning services at $12 per stall per month and Sam charges $8 for the same service. Allison's sales are derived from 104 customers while Sam's are from 71 customers, meaning that Sam's customers have more stalls on a per capita basis. What is the market penetration rate based on potential customers
Answer:
the market penetration rate based on potential customers is 11.66%
Explanation:
The computation of the market penetration rate based on potential customers is shown below
= Alison + sam
= (104 customers ÷ 1500) + (71 customers ÷ 1500)
= 6.93 % + 4.73%
= 11.66%
hence, the market penetration rate based on potential customers is 11.66%
We simply added both the Alison and sam so that the market penetration rate could come
nursing is a human service .clarify it
\(\Huge\bf\red{AnsweR:}\)
Nursing is a human service. As in nursing we help the patients to get well. Not only for salary, they personly also try to help the patient with a lot care. Some nurses also treat the patient as their own family. Thus, nursing is a human service.
Interest is defined as
Answer:
in·ter·est
/ˈint(ə)rəst/
Learn to pronounce
See definitions in:
All
Commerce
Law
noun
1.
the state of wanting to know or learn about something or someone.
"she looked about her with interest"
Similar:
attentiveness
undivided attention
absorption
engrossment
heed
regard
notice
scrutiny
curiosity
inquisitiveness
enjoyment
delight
Opposite:
boredom
2.
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
"the monthly rate of interest"
Similar:
dividends
profits
returns
a percentage
Explanation:
Answer:
the feeling of wanting to know or learn about something or someone
Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
hope it helps
Consider the following three scenarios:I. ABC Lawncare performed lawn maintenance services for Drake Inc. on June 1st, and received payment of $500 for those services.II. On June 1st, Melly Corp received payment for 100 pounds of raw material to be delivered to Drake Inc. in 6 months.III. Lodo, LLC collected cash on June 1st for services rendered on May 1st.Given these scenarios, revenue cannot be recognized on June 1st for:
Answer:
Scenario IIScenario IIIExplanation:
The Accrual basis is used in Accounting which means that when it comes to revenue, it can only be recognized in the period that it is earned.
Scenario II cannot be recognized on June 1st because it is for goods to be delivered in 6 months. As the goods have not been delivered, the revenue has not be earned so will not be recognized.
Scenario III cannot be recognized on June 1st as well because it was for work done in May which means that it was earned in May. It is to be recognized as revenue earned in May, not in June.
I
In which book of original entry would you enter the following?
(a) Sales invoice
(b) Debit note-
(c) Cash sale-
(d) Purchase invoice-
(e) Credit note-
Strategic planning can help encourage new ideas by stressing the importance of ______ in achieving long-range success.a. rigidityb. innovationc. blindersd. competition
By highlighting the value of innovation in attaining long-term success, strategic planning can help foster new ideas.
By highlighting the significance of innovation for long-term success, strategic planning can foster the development of new ideas. To keep ahead of the competition, enhance procedures and goods, and open up new markets, innovation is essential. In a constantly changing corporate environment, encouraging an innovative mentality enables an organisation to accept change and be flexible. Organizations can promote a culture of creativity and inspire people to think creatively by integrating innovation into the strategic planning process. As a result, the organisation as a whole may develop new and improved methods of doing things. Organizations may maintain their competitiveness and achieve long-term success by welcoming innovation and fostering fresh ideas.
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Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items withheld: Social Security tax that is 6. 2% of her gross pay Medicare tax that is 1. 45% of her gross pay State tax that is 22% of her federal tax a. $691. 52 b. $666. 21 c. $636. 98 d. $623. 52.
The correct statement is that the net salary of Lauren will be $623.52 after the deductions of tax withholding against her gross pay of $765.
So, the correct option that matches the statement quoted above is D. Calculations regarding the deduction of tax withholding are shown below.
Calculation of net salaryNet salary of Lauren can be calculated by subtracting all the given deductions from gross pay available in the hands of Lauren.
The withholding of taxes of Lauren will be calculated as,
\(\rm Security\ Tax= Gross\ Pay\ x\ rate\\\\\rm Security\ Tax= 765\ x\ 0.062\\\\\rm Security\ Tax= \$47.43\)
Calculating further,
\(\rm Medicare\ Tax\ = Gross\ Pay\ x\ rate\\\\\rm Medicare\ Tax\ = 765\ x\ 0.0145\\\\\rm Medicare\ Tax\ = \$11.09\)
and
\(\rm State\ Tax\ = Federal\ Tax\ x\ Rate \\\rm State\ Tax\ = 68\ x\ 0.22\\\\\rm State\ Tax\ = \$14.96\)
Now deducting the summation of tax withholding from the gross pay, we get net salary as,
\(\rm Net\ Pay= Gross\ Pay- Tax\ Withholding\\\\\rm Net\ Pay= 765-(14.96+11.09+47.43+68)\\\\\rm Net\ Pay= \$623.52\)
So, net pay of Lauren will be $623.52 for such period.
Hence, the correct option is D that the net salary of Lauren will be $623.52 after the deductions of tax withholding against her gross pay of $765.
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What is the best animal?
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
Which of the following are money market instruments? Check all that apply.
Common stocks
O Treasury bills
O Long-term bank loans
O Commercial paper
Im Certificates
Certificates of deposit
Commercial paper is one of the following money market instruments. Commercial paper is a type of short-term, unsecured debt instrument issued by corporations to fund short-term liabilities.
What is money market?Bank accounts, including time credentials of deposit; interbank loans (loans between banks); money market mutual funds; commercial paper; Treasury bills; and securities lending and repurchase agreements are all examples of money markets (repos). The money market is an economic component that provides short-term funds. The money market specializes in short-term loans of one year or less. Money market funds are widely regarded as one of the most stable investments, as they have low volatility and are less susceptible to market fluctuations. Money funds are also more liquid than other investments with comparable returns, such as CDs, because they allow you to quickly withdraw cash or purchase other investments.To learn more about money market, refer to:
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How do the events of the nation affect the national debt?
Answer: Growing debt has a direct effect on economic growth and the opportunities available to every individual in the country. If excessive levels of debt crowd out private or public or mutual investments in capital goods or works, workers would have less to use and get from their jobs, which would translate to lower productivity work and, therefore, lower wages in multiple aspects of the country's work done. High levels of debt would affect many other aspects of the economy in the future. For eq, higher interest rates result from increased borrowing from multiple agencies and invite under the various segments of college education house loan work loan. Less education and work opportunities will need skills up for various degrees and work to be followed under any scheme.
Explanation:
If we fail to act before a stipulated time the long time fiscal challenges will remain unaddressed and unchanged. The economic crisis and the overall economic environment weaken as confidence suffers, the access to capital funds gets reduced, interest costs crowd out key investments in our future, the conditions for growth deteriorate, and our nation is put at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be minimized, with fewer economic opportunities for families and workers down there in their own country.The new boss gave workers better family leave, vacation, and sick leave policies. She is probably:
A. task-oriented.
B. narcissistic.
C. toxic.
D. relationship-oriented.
Answer:
Relation Oriented? its not A, B, or C...
Explanation:
Answer:
D. Relationship Oriented!
Explanation:
I just took the test!
a high concern for people but minimal concern for performance can best describe the _____ culture. a. caring b. apathetic c. exacting d. stakeholder
A high concern for people but minimal concern for performance can best describe the Caring Culture.
In an organization, a caring culture exists when leaders consistently act in ways that support team members, and when team members consistently act in ways that support their fellow team members. As a result, the business can provide excellent client service.Caring includes respecting the individual's self-identity and soul. Pure dedication and commitment to the patient are required. Because it is "rooted in the self-transcending creative nurse," a particular act of kindness may transcend the value.
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Help wit Biz Kidz Assignment plz.
Fill in the blank:
You create your ____________ by how you behave over time.
Answer choices:
Scruples
Code of ethics
Ethical Dilemmas
Answer:
Code of ethics
Explanation:
A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values, and the standards to which the professional is held.
how do i make a sandwich if my teacher was 35 and her husband was 3 and i was 36
Answer:
WHATTTTTTT XD
Explanation:
Can i have a brainiest i kind of need them
Also you might need therapy
Answer:
first how in heck are you till in school and sec HOW IN THE HELL IS HE 3
explanation:
Frank is an employee of guitar makers, llc. guitar's employee manual states that workers, such as frank, will be dismissed only for good cause. with respect to the employment-at-will doctrine, this is
Answer: An exception based on contract theory.
Explanation:
Contract theory is an agreement reached by two parties over a set of deal to be entered, these negotiation met guides what the agreement is all about, violators of the agreement would attract extra bodies(Law makers) to come into their decision. At Ilc, if the guitar producers only release their workers based on good cause, it's seen as a contract theory, based on what both parties agreed.
Latrice, Jorge, Francesca, and Seamus are on a team tasked with producing a document on educational assessment. Each of them will contribute to the document as they work collaboratively. This is a process known as:_______.
A. group writing.
B. multitasking.
C. collaborative technology.
D. the virtual watercooler.
Answer:
it's either a or c I believe
Careers emerging to improve environmental conditions include:
sanitary engineer
red physician
environmental geologist
green architect
Answer: The answer is green architect & environmental geologist.
Explanation:
Answer:
green architect and environmental geologist
Explanation:
Explain management accounting and give the essential
requirements of different types of management accounting
systems
Management accounting is a process of gathering, analyzing, and reporting financial and non-financial information that helps internal managers make better decisions for their organization.
This type of accounting is mainly used for internal decision-making purposes rather than external reporting to stakeholders.Types of management accounting systemsThere are three types of management accounting systems which include:Job costing: This type of system is used by companies that manufacture a unique product, custom order, or provide services for a specific job or project. This system calculates the total cost of each job or project, including direct and indirect costs, and assigns the cost to each unit of production.
Process costing: A production cost report is required to record the cost of each production process, which includes direct and indirect costs. This report summarizes the cost of the entire production process.Standard costing: A standard cost card is required to record the expected cost of each unit of production, which includes direct materials, direct labor, and overhead costs. This card is used to compare the actual cost of production with the expected cost of production.
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I NEED THIS ASAP!!!!!!!!! Lin is making a presentation about road safety and wants to add images of road signs. However, he does not have any pictures of road signs on his hard drive.
Which option within PowerPoint would most likely help Lin find the pictures he needs?
Clip Art under the Insert tab
Picture under the Insert tab
SmartArt under the Animations tab
Insert under the Animations tab
Answer:
picture under the insert tab ?
Explanation:
none others make sense
Answer:
Picture under the Insert Tab.
Explanation:
8. You decide to start an economics tutoring business. Your first step is to get the two categories
of capital. Next you need to obtain the other factors of production. Specifically, what do you need
in terms of land, labor, and capital?
First, the type of business that will be started must be analyzed so that decisions about the necessary production factors are aligned with the business, which will be an economics tutoring service.
According to the type of service that will be offered, in this case knowledge about economics, an essential capital will be human capital, since it is through the skills and training of an individual that knowledge about a particular topic is extracted, such as economics.
Other factors of production such as land and financial capital are necessary to significantly compose the business, such as the place where it will be taught, furniture such as tables, blackboards, computers, etc.
What is the relevance of human capital in business?Human capital is characterized as one of the most important organizational resources today, where there is an increase in competitiveness in the globalized market, and the knowledge and creativity of people are characteristics that constitute a differential capable of generating innovation and positioning for a company.
Therefore, when offering an economics tutoring service, the most important production factor is human capital, which will be the basis of the business, and the teacher must then be, aligned with the needs of students to generate value for the new business.
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