Provide brief answers to each of the following questions (1-3 sentences).  You c

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Provide brief answers to each of the following questions (1-3 sentences).  You can use the following options to submit your assignment: written document, voice recording, video recording, text-to-speech recording, speech-to-text document.
Chapter 1
Explain the primary functions of finance.
Explain the primary functions of accounting.
What are the primary goals of financial management for not-for-profit health care organizations?
Explain how an organization’s liquidity and solvency are related.
Chapter 3
Why is the US health care system considered complex?
What is a third-party payment system? How does this payment system affect the financial management of health care organizations?
What is a contractual allowance?
Why are some charges not reported as revenue for health care organizations?
Chapter 4
What are the two most crucial aspects of this accounting entity concept?
Define the following:
Asset
Liability
Net asset
What are some specific examples of assets and liabilities?
Why do not-for-profit organizations use a fund accounting system?
Why are Generally Accepted Accounting Principles (GAAP) needed?

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