Bank Reconciliation

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A client has $25,000 net income (cash basis) and the bank account has $10,000. There is no money in Undeposited Funds and there has been no theft. The client wants to know how it’s possible to have $25,000 net income and $10,000 in the bank. He asks, “Where did my money go?

Averages

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  1. What is the average length of stay?
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  2. What is the modal length of stay?
  3. What is the median length of stay?
  4. What is the variance length of stay?
  5. What percentage of discharges is male?
  6. What percentage of discharges is female?
  7. What is the average gross charge?
  8. What is the average patient age?
  9. What percentage of patients were discharged to a skilled nursing facility?
  10. What is the average age of patients discharged home

 

Strong’s Mailing Service

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Suppose the charge account of​ Strong’s Mailing Service at the local supply store had a​ 1.8% interest rate per month on the average daily balance. Find the average daily balance if​ Strong’s had an unpaid balance on March 1 of ​$153.20, a payment of ​$40 posted on March 12, and a purchase of ​$30.40 posted on March 17. The billing cycle ends March 31.