POST TEST FINANCE.docx - HEALTHCARE FINANCE SCORE 95 Question 1 0 out of 5 points Which of the following is an element of budgeted financial

POST TEST FINANCE.docx - HEALTHCARE FINANCE SCORE 95...

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HEALTHCARE FINANCESCORE 95%Question 10 out of 5 pointsWhich of the following is an element of budgeted financial requirements that is not included in budgeted expenses?Increases in working capitalQuestion 20 out of 5 pointsThe cash budgetfocuses on which of the following major activities:A. To estimate your investment in assetsB. To estimate the size and timing of your new cash flowsC. To prepare for potential financing needsD. A and BE. B and C (ANSWER)Question 30 out of 5 pointsThe Catholic Healthcare Association recognizes which of the following as legitimate areas of community benefit?A. Bad DebtsB. Unreimbursed Medicare Costs C. Both A and BD. Neither A nor B (ANSWER) Question 40 out of 5 pointsStrategic planning should _________ financial planning.precedeQuestion 5
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5 out of 5 pointsWhich of the following is not one of the four critical questions that must be answered for dashboard reporting?What is the firm's strategic vision?Question 60 out of 5 pointsWhich of the following is not a “principle” of financial accounting?ContinuityQuestion 70 out of 5 pointsWhat should be a firm’s primary long-term financial objective?equity growthQuestion 80 out of 5 pointsA not-for profit nursing home has total expenses of $20 million. Sales tax in the state is 7%. Expenses are broken down into salaries ($12 million), supplies ($6 million), and pharmacy ($2 million). The benefit received by the nursing home from the sales tax exemption assuming that pharmacy items are exempt from state sales tax is? $420,000Question 90 out of 5 pointsA department manager most often uses his or her hospitals’ financial information for which of the following uses:Assess the efficiency of operationsQuestion 100 out of 5 pointsThe controller in a hospital is usually responsible for which of the following activities (choose all that apply):
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Collection of accounts receivable; Developing budgets; Filing Medicare cost reportsQuestion 110 out of 5 pointsThe statistics budget:identifies the amount of service that will be provided by departmental areaQuestion 120 out of 5 pointsThe following is an example of a _____________ budget: “The budget for the radiology department is different at 90 percent occupancy than at 80 percent occupancy.”flexibleQuestion 130 out of 5 pointsThe working capital cycle looks at which of the following:A.Obtaining cash B.B Turning cash into resources and paying bills C.C. billing and collecting revenues earnedD.fconD. All of the aboveQuestion 140 out of 5 pointsA statement that reports inflows and outflows of cash during the accounting period in the categories of operations, investing, and financing, is called a(an):Statement of cash flowsQuestion 155 out of 5 pointsfollowing tends to insulate management somewhat from the financial results of poor financial planning? (Pick the best answer.)Capitated Rates
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