An accounting method that tracks when cash was received and when cash was expended, regardless of when services were provided or resources were used is called:
Answer : D
The break-even equation modified to include desired profit is:
Answer : B
The formula to calculate basic break-even equation is:
Answer : A
Question-Type: FILL IN THE BLANKS
Question-Title: The difference between revenues forecast in the flexible budget and those actually earned is
called ___________.
Answer :
The difference between the revenues forecast in the original budget and those in the flexible budget is known as:
Answer : D
Organizational units responsible for earning a profit by providing health care services and their revenues are earned either on a free-for-service or a flat fee basis refers to:
Answer : B
Profit centers are the organizational units responsible for controlling costs and earning
revenues.
Answer : A