Income
Expenses
Savings
Capital & Depreciation
Discretionary Spending
100
Revenues minus the cost of goods & services sold equals
What is Gross Profit?
100
A formal request to BCBSNE asking for a payment based on the terms of a policy
What are Claims?
100
Personal savings accounts , CD's and or money market accounts
What is personal Short Term Savings?
100
Accounting for a large capitol expense over a fixed period of time is referred to as __________
What is Amoritization?
100
Area where we account for Airfare and Hotel expenses
What is Travel Expense?
200
Gross Profit minus expenses equals
What is Operating Profit (Loss)?
200
Additional monies that are paid to both state and federal agencies
What are Taxes?
200
Interest on Business investments
What is BCBSNE Short Term Savings?
200
A reduction in the value of an asset over the passage of time
What is Depreciation?
200
Where Conference fee expenses are booked
What is Continuing Education Expense?
300
Operating Profit (Loss) minus Income Taxes equals
What is Net Income?
300
The #1 expense at BCBSNE
What are Salary and Benefits?
300
401K, Roth IRA, & Mutual Funds
What is personal Long Term Savings?
300
When planning to captilize a large expenduture, like a new parking lot, payment for services typically occurs when the project is ___________
What is Completed?
300
Financial budget for Team Celebrations
What is Entertainment Expense?
400
If my income decreases then I would need to decrease my ______, in order to remain budget neutral
What are expenses?
400
The Minimum Medical Loss Ratio (MLR) for Large Group requires that BCBSNE spends ____ of every dollar
What is 85%?
400
BCBSNE long term savings tools come in many forms, Mutual Funds, Private Equity and _______
What are Bonds?
400
To gradually write off the initial cost of an asset over time
What is Amortize?
400
Financial budget for Team Celebrations
What is Continuing Education Expense?
500
Tool that measures the financial performance of operations and investments for a specific period of time
What is the Income Statement?
500
Paying out to another Blues plan for claims incurred in Nebraska
What is Blue Card Home?
500
Used to set capitol requirements considering the size and degree of risk taken by BCBSNE
What is Risk Based Capital Ratio (RBC)?
500
Capitalization of large purchases allows BCBSNE to spread the cost over _____________
What is time?
500
They set the budget annually and have final approval
What is our Board?
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