Accounts receivable ar - Study guides, Class notes & Summaries

Breaking Into Wall Street Accounting Guide Question and answers already passed To appear on the Income Statement, an item must: - correct answer 1. Correspond 100% to the period shown(if a customer pays for a product in year 1 and we deliver it in year 2, we only record that revenue on the year 2 statement because that is when we fulfilled our performance obligation even though the customer has already given us cash) 2. Affect the business income available to common shareholders How does ...

Accounting - correct answer The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - correct answer An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - correct answer A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - correct ans...

WGU - D076 GLOSSARY QUESTIONS AND ANSWERS 2024 | ALREADY GRADED A+| UPDATED Accounting The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) An activity ratio found by credit sales divided by accounts receivable. Activity Ratios A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitabilit...

Liquidity Ratios (Ans- measures of a firm's short-term ability to meet its current obligations Profitability Ratios (Ans- measures of a firm's profitability relative to its assets (operating efficiency) and to its revenue (operating profitability) Activity Ratios (Ans- Measure of efficiency of a firm's assets Solvency Ratios (Ans- Measure of a firm's ability to pay its obligations Inventory Turnover (Ans- COGS / avg inventory Receivables Turnover (Ans- revenue / av...

AAHAM CCAT EXAM QUESTIONS & ANSWERS 2024/2025 APC - ANSWERSambulatory payment classification; a payment methodology in which services paid under the prospective payment system are classified into groups that are similar clincially and in terms of the resources they require; a payment rate is est. for each APC APR - ANSWERSannual percentage rate; one of the elements of disclosure required by the Truth in lending act ASSIGNMENT OF BENEFITS - ANSWERSa written authorization, signed by the...

C214 - Financial Management Exam Questions and Answers 100% Pass Accounting - Answer- The business function responsible for creating the historical financial statements. Accounts Payable - Answer- A current liability that represents any money the firm owes suppliers and other firms. Typically the firm does not pay interest on accounts payable. Accounts Receivable (AR) - Answer- A type of current asset which represents any money owed to the firm for services rendered. Accounts Receivable ...

AAHAM CRCS-P Study Questions with Correct Answers CRCS - Correct Answer ️️ -Certified Revenue Cycle Specialist AAHAM - Correct Answer ️️ -The American Association of Healthcare Administrative Management 1-Day Rule - Correct Answer ️️ -a requirement that all diagnostic or outpatient services furnished in connection with the principle admitting diagnosis within one day prior to the hospital admission are bundled with the inpatient services for Medicare billing. 3-Day Rule - Corr...

Accounting - The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - Another name for the discretionary financing needed or exte...

Assisted Living Facility Manager Exam Study Guide with Complete Solutions 100% Verified Latest Update 2024/2025 HVAC - Correct Answer heating, ventilation, and air conditioning abuse - Correct Answer use (something) to bad effect or for a bad purpose; misuse. accessibility - Correct Answer handiness: the quality of being at hand when needed accident reporting - Correct Answer In a health care facility, such as a hospital, nursing home, or assisted living, an incident report or accident...

Accounting - Answer The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - Answer An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - Answer A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - Answer Another name for...