What is the purpose of a financial policy

Jan 27th, 2017
Steve1995
Category:
Art Design
Price: $10 USD

Question description

1.

What is a financial policy?

2.

What is the purpose of a financial policy?

3.

List 4 benefits of using financial policies.

4.

List 4 types of information which can be included in a financial policy

Using the following

information, calculate all possible practice management ratios:

June, 2011

# of Patients seen

-

4,785

Monthly Charges

-

$1,340,000

Monthly Income

-

$899,000

Total Operating Costs

-

$643,521

Total Accounts Receivable

-

$1,650,000

Was this practice profitab

le in June, 2011


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Rice University
PREMIUM TUTOR

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1.) What is a financial Policy?
A financial policy is a set of principles use in the regulation, controlling and oversight of the
financial and payment systems. Financial policies are used in the financial markets i.e. in the
money and commodity markets. The application of financial policies has the following pros
among others; Promotes market efficiency ensures all players in the financial market have a fair
and equal playing ground and enhances consumer protection (Brennan 52).
2.) Purpose of a Fina...

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