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ch 20
Term | Definition |
---|---|
accounting formula . Assets − Liabilities = Net Worth | Assets − Liabilities = Net Worth |
accounts receivable ratio Current A/R Balance ÷ Average Monthly Gross Production | Current A/R Balance ÷ Average Monthly Gross Production |
Gross Collection Ratio your total payments, A/R÷ your total charges | (your total payments, A/R) ÷ (your total charges) = |
Net Collection Ratio Using Simple Amounts your total payments, A/R ÷ your total charges minus write-offs | (your total payments, A/R) ÷ (your total charges) minus (write-offs) = |
cost ratio Total Expenses ÷ Total Number of Procedures for One Month = | Total Expenses ÷ Total Number of Procedures for One Month = |