Payment by credit card for a medical practice ____.

A) decreases the cash flow in the office
B) increases the time spent on paperwork
C) requires extra staff to process credit card charges
D) provides prompt payment from the credit card company
E) increases the complexity of preparing statements

Question

simerdeep singh walia · Accepted Answer

Final Answer : D, Explanation :  Credit card payments typically result in prompt payment to the merchant, in this case, the medical practice, from the credit card company. This is because once the charge is authorized, the credit card company processes the payment and transfers the funds to the practice, usually within a few days.

Payment by credit card for a medical practice ____.

A) decreases the cash flow in the office
B) increases the time spent on paperwork
C) requires extra staff to process credit card charges
D) provides prompt payment from the credit card company
E) increases the complexity of preparing statements

Definitions

Learning Objectives

Learning Objectives

Related questions

Payment by credit card for a medical practice ____.A) decreases the cash flow in the officeB) increases the time spent on paperworkC) requires extra staff to process credit card chargesD) provides prompt payment from the credit card companyE) increases the complexity of preparing statements

Definitions

Learning Objectives

Learning Objectives

Related questions

Payment by credit card for a medical practice ____.

A) decreases the cash flow in the office
B) increases the time spent on paperwork
C) requires extra staff to process credit card charges
D) provides prompt payment from the credit card company
E) increases the complexity of preparing statements