They recommend a minimum set of clinical criteria for the initiation of antibiotic therapy for UTIs in nursing home residents (Table 2). 12 Under these criteria, urine culture is required to rule out a UTI. Research has found that the Loeb criteria produce 19% sensitivity, 89% specificity, 57% PPV and 59% NPV. 7.
It is used to record returns. This account has a normal credit balance and appears on the income statement in the Cost of Goods Sold section for a merchandising company. Freight-In: this is an expense account used to record the cost of freight shipped under F.O.B. shipping point.This account has a normal debit balance and appears on the income statement in the Cost of Goods Sold section for a merchandising company.ost of Goods Sold is an expense account shown on the income statement. It is important for the owner to use this account because it shows the cost of the inventory sold. Once Cost of Goods Sold is known, the owner can calculate gross margin.
Net income on merchandise is calculated by debiting cost of goods sold, or COGS, against net sales. When merchandise is sold, invoice and other procurement costs associated with the merchandise is transferred from the merchandise inventory ledger to a ledger that accounts for COGS. Net income calculations may also require accounting for sales returns, allowances and discounts.