Each month, Serenity Hospital bills the federal government (Medicare) for approximately $20 million for inpatient services. Medicare rejects 10% of these claims for failure to follow standard billing procedures, which are very complex. Serenity Hospital must correct and resubmit the rejected claims. This delays payment from Medicare by an average of 3 months. Assume an annual cost of capital of 5%. (a) What is the average cost of rejected claims for Serenity Hospital

answer; i believe that the correct answer is client agreement;

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.