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finance Since 1970, Super Rise, Inc., has provided maintenance services for elevators. On January 1, 2016, Super Rise obtains a contract to maintain an elevator in a 90-story building in New York City for 10 months and receives a fixed payment of $80,000. The contract specifies that Super Rise will receive an additional$40,000 at the end of the 10 months if there is no unexpected delay, stoppage, or accident during the year. Super Rise estimates variable consideration to be the most likely amount it will receive. Required: 1. Assume that, because the building sees a constant flux of people throughout the day, Super Rise is allowed to access the elevators and related mechanical equipment only between 3am and 5am on any given day, which is insufficient to perform some of the more time-consuming repair work. As a result, Super Rise believes that unexpected delays are likely and that it will not earn the bonus. Prepare the journal entry Super Rise would record on January 1. 2. Assume instead that Super Rise knows at the inception of the contract that it will be given unlimited access to the elevators and related equipment each day, with the right to schedule repair sessions any time. When given these terms and conditions, Super Rise has never had any delays or accidents in the past. Prepare the journal entry Super Rise would record on January 31 to record one month of revenue. 3. Assume the same facts as requirement 1. In addition assume that, on May 31, Super Rise determines that it does not need to spend more than two hours on any given day to operate the elevator safely because the client’s elevator is relatively new. Therefore, Super Rise believes that unexpected delays are very unlikely. Prepare the journal entry Super Rise would record on May 31 to recognize May revenue and any necessary revision in its estimated bonus receivable. Verified answer Recommended textbook solutions
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Terms in this set (101)An incidental disclosure cannot reasonably be prevented. is limited in nature. occurs as a result of another use or disclosure that is permitted. Which patients should be personally escorted to examination and treatment areas and given detailed instructions about what they are to do? New patients Established patients Consultations What is the best way to decide whether patients need special assistance in disrobing? Ask all patients if you can be of assistance. The medical assistant should follow all the following practices regarding patient arrivals except having patients wait in the examination room instead of the waiting room. The use of phonetic writing in the medical office can help you pronounce patients' names correctly. Which of the following is not true regarding chart placement in the medical facility? Charts can be left in the examination room while the patient is waiting for the physician. The patient's name should be used on greeting him or her at arrival. when he or she leaves the office. during the examination. Which of the following should be removed from the reception area as quickly as possible? Angry patients Which of the following should most often be added to a patient chart's on each visit? Progress notes form The statistical characteristics of human populations are called demographics. Which of the following is not true regarding examination rooms?
The examination table should face the entrance to the room so that the patient is clearly visible when the physician enters. Which information item is not included on the patient information form that new patients are required to complete? Summary of medical history The way to organize appointment scheduling so that it best supports the success of the practice is to consider the preferences of the physician. The principal advantage of using the wave method when designing the scheduling process is that it allows flexibility to accommodate the unpredictable. An effective way to deal with patients who are always late for appointments is to give them the last appointment of the day. Why is it necessary to include a note in the patient's chart when the person does not show up for a scheduled appointment? To be prepared for future legal consequences regarding the patient's care When informing patients that you must postpone their appointments because of the absence of the physician, it is good practice to give them the name of one or more alternative physicians. A matrix in the schedule prevents booking of patients during meetings and hospital rounds. The appointment setting method by which a patient logs on to the Internet and views a facility's schedule to set his or her own appointment is called self-scheduling. If a patient has been waiting longer than ________ minutes past his or her appointment time, the medical assistant should offer to reschedule the appointment. 15 Which of the following is true concerning the scheduling of new patients? Financial arrangements should be explained when the appointment is made if the patient is expected to pay at the time of service. The first prerequisite for scheduling an outpatient admission or procedure is an oral or written order for the procedure from the physician Which types of outpatient procedures might be scheduled by the physician's office? MRIs CT scans Blood work The medical assistant must remember that the physician will have other types of appointments that will need special notation in the appointment schedule, such as surgeries. A person who fails to keep an appointment without giving advance notice is called a no-show. An obstetrician who devotes two afternoons a week to seeing pregnant patients is using an appointment scheduling method called grouping procedures. When a requested appointment time is not available, the medical assistant should explain why the time is not available and offer a substitute date and time. When patients need a series of appointments, it is best to try to set the appointments for the same day of the week at the same time. Patients may fail to appear for appointments because they have been pressed for a payment but do not have the funds to pay. they are in denial and are having difficulty facing their illness. the office consistently runs behind schedule. When the physician is scheduled at outside facilities, the medical assistant must be sure to allow time for travel. Which of the following scheduling systems reduces the number of calls to the office and is available to the patient 24 hours a day? Self-scheduling Which type of scheduling is an attempt to create short-term flexibility within each hour? Wave scheduling Which type of scheduling system is often used in an urgent care setting? Grouping procedures When rescheduling an appointment, which of the following needs to occur? Both A and B For legal purposes, what needs to occur when a patient fails to keep an appointment? Place documentation in the patient health record and appointment schedule For security reasons, stating that the doctor is unavailable is best used in which of the following situations? When provider is out of town Health records should never be left in the examination room to be picked up and read by a patient. When using an EHR, it is important to remember to log out of the computer when you are ready to leave the room. Both statements are true. A parent or guardian must accompany all children under the age of 10 into the exam room with no exceptions. Minors need a parent to consent to treatment in most cases. The first statement is false; the second is true. All patients want to be kept informed about how long they should expect to wait to see the provider. Any delay longer than ________ minutes should be explained. 10 to 15 Uncertainty in new surroundings can often create ____________. anxiety New surroundings can create anxiety. All patients should leave the medical facility feeling that they were treated with ___________. respect All patients want to be treated with respect. It is possible to violate patient ______________ when using a sign-in register. confidentiality Sign-in sheets can violate patient confidentiality, so these documents must be used with care. When the office staff commits to making the patient feel welcome, success of the practice is _____________. inevitable Making patients feel welcome helps increase the potential for success of the practice. The patient should be given a(n) ___________ of times and dates when making a return appointment. choice Patients should be given a choice of times and dates to see the physician. If something is marked by accord in sentiment or action, it is said to be ____________. harmonious A harmonious element is marked by accord in sentiment or action. Something conducive to comfort, convenience, or enjoyment is called a(n) __________. amenity An amenity is something conducive to comfort, convenience, or enjoyment. A patient's anger may be a reflection of his or her pain or __________ of what the physician may discover during the examination. fear Anger is sometimes a reflection of the patient's fear. Many medical offices are not concerned enough about the _________________ aspect of the practice. customer service Customer service should be a priority in every physician's office. If a patient has a poor experience at the physician's office, he or she will tell ____________. everyone When a patient has a poor experience in a physician's office, he or she often tells everyone. The term that means "relating to or arranged in a sequence" is ______________. sequential "Relating to or arranged in a sequence" is the definition of sequential. A quick, acute, and intuitive cognition is called _________________. perception Perception is a quick, acute, and intuitive cognition. A(n) ____________ note helps track the patient's condition in the medical record. progress Progress notes allow physicians to keep a written record of the patient's condition. If the medical assistant's desk is in open view of the patients, it should be free of ____________. clutter Clutter should be avoided on desks that are visible to patients. Patient _______________ do not violate HIPAA laws, even if others can read names on the register. sign-in sheets Sign-in sheets are incidental disclosures and do not violate HIPAA laws. A parent normally accompanies a child in the exam room unless the parent is suspected of _________________. child abuse If the parent is suspected of child abuse, the physician may want to see the child alone so that he or she can speak freely to the doctor. __________, in almost all cases, need their parent's permission to be treated by a physician. Minors Except for a few instances, minors must have parental permission to be treated by a physician. Sign-in sheets should not list the __________ for the patient's office visit. reason The reason for a patient's office visit would indicate or suggest a diagnosis. Because other patients view the sign-in sheet, this would be a breach of patient confidentiality. An unexpected event that throws a plan into disorder is called a ______________. disruption An unexpected event that throws a plan into disorder is a disruption. Patients who are returning to the office and have previously seen the physician are called _____________________. established patients Patients who have been previously seen are called established patients. Those who have never seen the physician are classified as new patients. Approaching a situation with caution is using _______________. expediency Expediency means to approach a situation with caution. If a thing is considered ____________, it is an indispensable part of a whole. integral Integral elements are essential to the whole. Two-way communication is also called ______________. interaction Interaction is a type of two-way communication. A process required by some insurance carriers in which the provider must prove medical necessity before performing a procedure is called ___________________. precertification A process required by some insurance carriers in which the provider must prove medical necessity before performing a procedure is called precertification. A space of time between events is called a(n) ____________. interval A space of time between events is called an interval. Competency as a result of training or practice is called ____________. proficiency Competency as a result of practice or training is called proficiency. Something in which a thing originates, develops, takes shape, or is contained is called a(n) __________. matrix A matrix is something in which a thing originates, develops, takes shape, or is contained. A thing that is necessary to achieve an end or to carry out a function is called a(n) ________________. prerequisite A prerequisite is a necessary element to end or carry out a function. Periodically, ____________ calls will necessitate rescheduling of appointments. emergency Emergency calls sometimes necessitate rescheduling of appointments. Journals for physicians may not be displayed as reading material in the reception area. True The medical assistant must take care not to offer medical advice to the patient. True Advance preparation for the arrival of patients helps the day progress smoothly and in a relaxed manner. True If the patient brings a relative to the physician appointment, this implies that the patient consents to discussion of the patient's care with the relative. False The appearance of the reception room influences the patient's perception of the entire office. True Any toys placed in the waiting area should be washable. True The medical assistant needs to watch the patient's body language. True A crowded reception room means that the physician is very popular and competent. False The medical assistant should offer assistance only to patients who are obviously handicapped. False Patients understand if the physician's office is not completely clean, because most offices are busy facilities. False The office should not keep any types of toys in the reception area. False Every patient has the right to expect courteous treatment in a physician's office. True Medical assistants are not allowed to take the patient's personal and family histories. False Patients appreciate it when medical assistants consider the patient's time when performing duties in the facility and scheduling appointments. True Patients who are too talkative should be dismissed from the physician's care before they take up too much of his or her time. False A telephone in the reception area is useless, because most patients now carry cell phones. False Glass partitions should never be used in today's medical offices. False Medical assistants should make an effort to learn the names of the patients who come to the physician's office. True Placing the paperwork that new patients must fill out on the physician's Web site saves time during the new patient's first appointment. True The medical assistant should take a patient's history in the reception area, where the patient can sit comfortably. False
The best practice is to place a patient's chart so that the name cannot be seen by those in the hallways of the physician's office. True Open office hours do not work well for most practices. True Wave scheduling may involve several patients arriving at the same time. True When an appointment is rescheduled, the first appointment date and time must be removed. True If a late patient is scheduled as the last patient of the day and does not show up before the office closes, the medical assistant is obligated to wait until the patient arrives. False Outpatient testing is no longer common for physicians. False A process required by some insurance carriers in which the provider obtains permission to perform certain procedures or services or refers a patient to a specialist is called a preauthorization. True The facilities available at the office do not influence the number of patients the physician can see in a day. False A matrix is something in which a thing develops, originates, or takes shape. True A space of time between events is an interval. True The provider's habits should not influence appointment scheduling. False Scheduling systems should be individualized to each specific practice. True Time is one of the physician's most valuable commodities. True Students also viewedChemins 1 Unité Préliminaire146 terms mayatorres1Teacher Chapter 13 Vocab16 terms Kyley_Meinhardt Numbers20 terms ACAD-PANTeacher History Test Vocab23 terms myactualusername Other sets by this creatorw4 vocab29 terms Roblesamanda95 week 1 vocab28 terms Roblesamanda95 mod116 week 1 vocab25 terms Roblesamanda95 mod115 week4 vocab30 terms Roblesamanda95 Verified questions
economics Through its franchised stations, an oil company gives out $16,000 \mathrm{road}$ maps per year. The cost of setting up a press to print the maps is $\$ 100$ for each production run. In addition, production costs are 6 cents per map and storage costs are 20 cents per map per year. The maps are distributed at a uniform rate throughout the year and are printed in equal batches timed so that each arrives just as the preceding batch has been used up. How many maps should the oil company print in each batch to minimize cost? Verified answer
algebra Decide whether each of the following statements makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. Jack made the length of the string one-fourth of its original length, and the pitch went up two octaves. Verified answer
question Research about a newsgroup that is important for understanding the *cause-related marketing*. Report on the insights that it shows. Verified answer algebra Mike is a veterinarian. He is placing a 9-line classified ad for an assistant. The following piecewise function gives the price of an x-line ad. $$ a ( x ) = \left\{ \begin{array} { l l } { 45 } & { \text { when } x \leq 3 } \\ { 45 + 9 ( x - 3 ) } & { \text { when } x > 3 } \end{array} \right. $$ Find the cost of an 11-line ad. Verified answer Recommended textbook solutions
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What three items must be considered when scheduling appointments quizlet?Patient need.. Physician preference & habits.. Available facilities.. When scheduling a patient procedure which information is important to have before scheduling?1. Obtain detailed information about the procedure and the patient information from the patient's medical record. 2. Call the appropriate surgery center at the request facility, and identify the procedure you need to schedule and preferred dates.
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