Which of the following statements about gross and net patient service revenue is most correct?
a. Gross revenue reports revenue based on chargemaster prices.
b. Net revenue is gross revenue less discounts and charity care.
c. Net revenue is gross revenue less discounts, charity care, and bad debt losses.
d. Both a. and b. above are correct.
e. Both a. and c. above are correct.
Ans: d. Both a. and b. above are correct.
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Harland & Wolff in Belfast, North Ireland, makes ocean-going vessels. Last year its primary customer was the U.S. government. You would expect Harland & Wolff to rely on which of the following to promote its vessels?
a. product innovations and direct marketing b. personal selling c. publicity d. advertising and sales promotion
Tests of controls include all of the following except:
A) Inspection of documents, files, etc. B) Analytical procedures. C) Walkthroughs. D) Observation.