What is the purpose of a financial policy

Sigchi4life
Category:
Accounting
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


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(Top Tutor) Daniel C.
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