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Updated on: 29 Oct 2023, 04:08
Originally posted by Sajjad1994 on 17 Sep 2022, 23:59.
Last edited by BottomJee on 29 Oct 2023, 04:08, edited 2 times in total.
Last edited by BottomJee on 29 Oct 2023, 04:08, edited 2 times in total.
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March 4, 2012, 1:12pm
From: Dr. Stacy Butler, DDS To: Mr. Mark Pontoni, CPA Mark,
I am worried about our cash flow for this month. The primary insurance provider carried by our patients is reducing what it pays per visit to us by 5%, and our number of appointments scheduled for this month is about 10% less than it was last year. Even with our costs unchanged from this time last year, I worry that we will not be able to meet our expenses. Please advise, Stacy.
From: Dr. Stacy Butler, DDS To: Mr. Mark Pontoni, CPA Mark,
I am worried about our cash flow for this month. The primary insurance provider carried by our patients is reducing what it pays per visit to us by 5%, and our number of appointments scheduled for this month is about 10% less than it was last year. Even with our costs unchanged from this time last year, I worry that we will not be able to meet our expenses. Please advise, Stacy.
Dr. Butler’s projected March, 2012 revenues from toothbrush sales amount to greater than 15% of her total revenues from March, 2011.: No
Mr. Pontoni believes that insurance reimbursements for dental visits will increase toward previous levels.: No
If Dr. Butler’s office does not find ways to continue its revenues from the sale of dental supplies such as electric toothbrushes, it will fail to stay as profitable as it was in 2011.: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
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Question Stats:
39% (03:27) correct
61%
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wrong
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1. Which of the following conclusions can be logically drawn from the prompts?
| Yes | No | |
| Dr. Butler’s projected March, 2012 revenues from toothbrush sales amount to greater than 15% of her total revenues from March, 2011. | ||
| Mr. Pontoni believes that insurance reimbursements for dental visits will increase toward previous levels. | ||
| If Dr. Butler’s office does not find ways to continue its revenues from the sale of dental supplies such as electric toothbrushes, it will fail to stay as profitable as it was in 2011. |
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Official Answer
Dr. Butler’s projected March, 2012 revenues from toothbrush sales amount to greater than 15% of her total revenues from March, 2011.: No
Mr. Pontoni believes that insurance reimbursements for dental visits will increase toward previous levels.: No
If Dr. Butler’s office does not find ways to continue its revenues from the sale of dental supplies such as electric toothbrushes, it will fail to stay as profitable as it was in 2011.: No
09 Mar 2024, 03:17
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For the statement 1 - "Dr. Butler’s projected March, 2012 revenues from toothbrush sales amount to greater than 15% of her total revenues from March, 2011.". It is mentioned in the details that Dr. Buttler is earning 0.95*0.9 (0.845) of the revenues of the March 2011 revenue and the consultant claims that earnings from toothbrush can compensate for the loss amount i.e. 0.155. So that means that the earnings from toothbrush would be more than 15% of the March 2011 revenue.
So, the answer for statement 1 would be Yes.
Sajjad1994 can you please check this one and let me know if my understanding is incorrect here.
So, the answer for statement 1 would be Yes.
Sajjad1994 can you please check this one and let me know if my understanding is incorrect here.
12 Mar 2024, 07:30
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Shrey~
The information in the tabs simply tells us that the sales of toothbrushes will compensate for the losses from a lower number of visits and insurance payments; it didn't provide us with the details of the sales of toothbrushes for the previous year. Yes, it might compensate for 15% of the losses, but we have no data on its sales from last year. The statement compares this month's sales with the total sales in last year's month.
