Appendix C - HCA/270 Health Care Finance | PART III - Grouping Expenses by Cost Center | Background: Cost centers are used in an organization to group expenses. For example‚ the patient registration department would be a cost center. All costs associated with operating the patient registration department would be grouped into this cost center. Items such as paper‚ copier rental‚ education and training for new employees‚ and computers used by the registration employees would be allocated to this
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Present and Future Value HCA 270 Calculate the future value of the following: * $5‚000 compounded annually at 6% for 5 years $6‚691.13 * $5‚000 compounded semiannually at 6% for 5 years $6719.58 * $5‚000 compounded quarterly at 6% for 5 years $6734.28 * $5‚000 compounded annually at 6% for 6 years $7092.60 Answer the following: The conclusion that can be drawn about the frequency of compounding interest is that the more frequency the better. The conclusion
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and California established their business schools. Thirteen years later‚ in 1911‚ 30 such schools were in operation in the United States.2 Over the long span of history‚ managers have all sought how to make organizations work more effectively. Financial management is a vital part of organizational 1. Discuss the three viewpoints of managers in organizations. 2. Identify the four elements of financial management. 3. Understand the differences between the two types of accounting. 4. Identify the
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|Syllabus | |College of Natural Sciences | |HCA/270 Version 3 | |Financial Matters for Health Care Professionals | Copyright © 2011‚ 2009‚ 2007 by University of Phoenix. All rights reserved. Course Description This course is designed as an introduction to the terminology‚ processes‚ functions
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Associate Level Material Comparative Data Resource: Ch. 14 of Health Care Finance Complete the following table by writing responses to the questions. Cite the sources in the text and list them at the bottom of the table. |What criterion must be met |Consistency: Important when comparing data to make sure the data compared was prepared the correct way and done the same each time. | |for true comparability? |
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following terms‚ and provide an example of each. Term | Definition and example | Responsibility centers | Units in an organization that has control over cost‚ revenue‚ and investment funds. An example of this is a human resources and purchasing. | Revenue centers | Unit in an organization that is responsible for generating revenue for the company. An example of this is the sales department. | Cost centers | A part of the organization that does not produce or add money to the company but
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Approaches to studying the Human Body There are seven approaches one can take to study the human body. Those approaches are: • Body planes and body directions • Body cavity • Quadrants and regions • Anatomy and physiology • Microscopic to macroscopic • Body systems • Medical specialties The body planes and the body directions are used when trying to describe the location on the body it can also be called anatomical directions. For example anterior is used for front
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subunit of the larger organization that is responsible for some type of budget. | Revenue centers | These are charged with both an expense and a revenue budget. (Example) An organization revenue center‚ collectively‚ have the obligation to meet through their production of revenues‚ the cost of all centers and of all revenue centers. | Cost centers | These have no revenue budgets and no obligation to earn revenue for the organization. (Example) Administration is always a cost center‚
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THE REVENUE SOURCES OF FACEBOOK.COM Facebook Revenues Up to $700 Million in 2009‚ On Track Towards $1.1 Billion in 2010 Facebook is tight-lipped about its revenue numbers‚ which is typical of private companies. The most it has said publicly is that it became “free cash-flow positive” as of last September. At the time‚ we estimated it was set to bring in around $550 million for the year in revenues based on previous reports that we and others had heard‚ and from our own calculations. But how did
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Revenue sources Education systems need to raise sufficient revenues to ensure that‚ if used efficiently‚ students may reach appropriate learning goals at each education level. In general‚ countries raise revenues for education through three broad sources: international‚ public and private. A big challenge for many countries is raising sufficient revenues to expand enrollment while maintaining‚ or even raising‚ school quality. While increasing efficiency in the use of resources is necessary‚ countries
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