Asked by Fizza Chaudhry on May 12, 2024
Verified
The _____ formula demonstrates a cost of a specific procedure or service.
A) cost-benefit analysis
B) gross collection ratio
C) cost ratio
D) net collection ratio
Cost Ratio
A formula that demonstrates the cost of a specific procedure or service.
Specific Procedure
A distinct method or series of steps designed to achieve a particular outcome in medical treatment or another field.
- Leverage financial formulas to investigate the monetary status and effectiveness of a corporation.
Verified Answer
DB
Deanna BurrisMay 18, 2024
Final Answer :
C
Explanation :
The cost ratio formula is used to demonstrate the cost of a specific procedure or service by comparing the cost to the revenue or total costs involved.
Learning Objectives
- Leverage financial formulas to investigate the monetary status and effectiveness of a corporation.