[Solved] Assignment 219113

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Assignment Details

Question
Question 1
1. Which of the following is not a “principle” of financial accounting?
A. Historical cost
B. Revenue recognition
C. Continuity
D. Matching
5 points
Question 2
1. The.justanswer.com/multiple-problems/97rsg-question-1-1-which-following.html#”>cash budget focuses on which of the following major activities:
A. Purchasing of resources
B. Collection
C. Production/sale of service
D. All of the above
5 points
Question 3
1. A statement that reports inflows and outflows of cash during the accounting period in the categories of operations, investing, and financing, is called a(an):
A. Income statement
B. Statement of retained.justanswer.com/multiple-problems/97rsg-question-1-1-which-following.html#”>earnings
C. Balance sheet
D. Statement of cash flows
5 points
Question 4
1. The following is an example of a _____________ budget: “The budget for the radiology department is different at 90 percent occupancy than at 80 percent occupancy.”
A. rolling
B. forecast
C. flexible
D. fixed
5 points
Question 5
1. The controller in a hospital is usually responsible for which of the following activities (choose all that apply):
A. Collection of accounts receivable
B. Developing budgets
C. Filing Medicare cost reports
D. Arranging hospital loans
5 points
Question 6
1. Strategic planning should _________ financial planning.
A. follow
B. precede
C. be contemporaneous with
D. None of the above
5 points
Question 7
1. What is net working capital?
A. Current assets less long-term liabilities
B. Current assets less current liabilities
C. The amount of permanent financing required to finance working capital or current assets.
D. Both B and C
5 points
Question 8
1. The working capital cycle looks at which of the following:
A. Obtaining cash
B Turning cash into resources and paying bills
C. billing and collecting revenues earned
D. All of the above
5 points
Question 9
1. 18. You have just advance refunded $50 million of outstanding tax-exempt revenue bonds with $40 million of new debt, which created a gain after considering reimbursement effects of $5.0 million. What could account for this?
A. Higher interest rate on the refunding issue
B. Lower interest rate on the refunding issue
C. Positive arbitrage on the refunding issue
D. None of the above
5 points
Question 10
1. A 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?
A. $1.4 million
B. $1.26 million
C. $420,000
D. $480,000
5 points
Question 11
1. A department manager most often uses his or her hospitals’ financial information for which of the following uses:
A. Assess the financial condition of the hospital
B. Assess the efficiency of operations
C. Evaluate the hospital’s stewardship
D. Assess the effectiveness of operations
5 points
Question 12
1. The heading of every financial statement should contain the:
A. name, title, and place of business
B. name, title, and specific date of statement
C. name, title, specific date of statement, and unit of measurement
D. title, name, type of ownership, and unit of measurement
5 points
Question 13
1. Which of the following is not one of the four critical questions that must be answered for dashboard reporting?
A. What is the firm’s strategic vision?
B. What is most important to the firm’s success?
C. What are the critical drivers that influence performance attainment?
D. What are the most relevant measures that reflect critical driver relationships?
5 points
Question 14
1. Accounts receivable (net) increased by $500,000 during the year. This increase has what effect on cash.justanswer.com/multiple-problems/97rsg-question-1-1-which-following.html#”>flow?
A. Reduces it
B. Increases it
C. No effect
D. All of the Above
5 points
Question 15
1. What should be a firm’s pri***** *****-term financial objective?
A. profit growth
B. debt growth
C. asset growth
D. equity growth
5 points
Question 16
1. The Catholic Healthcare Association recognizes which of the following as legitimate areas of community benefit?
A. Bad Debts
B. Unreimbursed Medicare Costs
C. Both A and B
D. Neither A nor B
5 points
Question 17
1. Which of the following is an element of budgeted financial requirements that is not included in budgeted expenses?
A. Interest expense
B. Increases in working capital
C. Labor expense
D. A and B
E. None of the above
5 points
Question 18
1. Which of the following tends to insulate.justanswer.com/multiple-problems/97rsg-question-1-1-which-following.html#”>management somewhat from the financial results of poor financial planning? (Pick the best answer.)
A. Capitated rates
B. Cost reimbursement
C. Bundled services
D. Charge payment
5 points
Question 19
1. What of the following is not one of the characteristics of long-term debt financing?
A. Cost
B. Control
C. Risk
D. Inventory
5 points
Question 20
1. The statistics budget:
A. forecasts operating revenues that will be earned during the budget period
B. identifies the amount of service that will be provided by departmental area
C. represents an organization’s expected cash inflows and outflows based on the previous years’ cash flows
D. identifies operating expenses that are expected to be incurred during the budget period
part 2
Question 1
1. Define working capital. What is the difference between working capital and net working capital?
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5 points
Question 2
1. What should be the basis of the annual budget?
A. The financial plan
B. Revenues
C. Profitability
D. None of the above
5 points
Question 3
1. One useful way to review the validity of a.justanswer.com/multiple-problems/97rsg-question-1-1-which-following.html#”>financial plan is to compare the projected financial ratios with historical values.
True
False
5 points
Question 4
1. What is the working capital cycle and why must it be managed?
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5 points
Question 5
1. In most years and for most health care firms, how is a health care firm likely to increase its equity over the course of the year?
A. By selling shares of stock
B. By making a profit
C. By selling assets
D. By paying off debt
5 points
Question 6
1. A nursing home projects asset growth at 10 percent per year over the next 10 years. If it wishes to reduce its reliance on debt financing, what rate of equity growth over the 10-year period will be desired?
A. 10 percent per year
B. Less than 10 percent per year
C. Greater than 10 percent per year
D. None of the above
5 points
Question 7
1. Which of the following is most directly related to strategic financial planning?
A. ROI
B. ROE
C. EVA
D. None of the above
5 points
Question 8
1. Does adding debt increase or decrease the flexibility of a healthcare provider? Why?
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5 points
Question 9
1. What are the four phases of management control?
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5 points
Question 10
1. How can a for-profit healthcare firm increase its equity?
A. Operating Income
B. Non-operating income
C. Issue stock
D. Create partnerships
E. All of the above
5 points
Question 11
1. Budgets normally cover a period of:
A. 5 years
B. 2 years
C. 3 years
D. 1 year
5 points
Question 12
1. What avenues are available for for-profit healthcare providers to increase their equity position?
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5 points
Question 13
1. What is the basis for determining how much investment in assets is necessary for a health care firm?
A. Revenue
B. Expenses
C. Debt policy
D. ROE
5 points
Question 14
1. Define float. What are the major types of float?
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5 points
Question 15
1. Which budgetary issue causes the most strife in all areas of a health care organization?
A. Setting volume levels
B. Setting prices
C. Allocation of indirect costs
D. Deciding whether to use a fixed or flexible budget
5 points
Question 16
1. ________________ is a phase of management that is longer than budgeting, but shorter than planning.
5 points
Question 17
1. Efficiency is a relationship between:
A. Outputs and organizational goals
B. Inputs and outputs
C. Inputs and organizational goals
D. None of the above
5 points
Question 18
1. What is the hospital’s objective with regards ***** ***** and disbursement float?
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5 points
Question 19
1. The flexible budget attempts to improve the recognition of deviations caused by changes in:
A. Volume
B. Hours worked
C. Prices
D. None of the above
5 points
Question 20
1. What is the purpose of disbursement policies?

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