healthcare finance management1. Aggressive working capital
policy: (Points : 5) May increase the entitys return but it also
increases the riskCalls for maintaining high cash balances on
handLeads to increased interest costs incurred by having to take on
additional debt to meet short-term obligationsAll of the above2. A
firm has the following accounts:
Net patient revenue = $1500000Supply expense =
$200000Depreciation expense = $100000Salaries and benefits =
$700000Other expenses = $200000Net accounts receivable = $150000
What is the net income for the period (Points : 5)
$150000$50000$500000$850000
3. A hospital issues $20 million in bonds and $60 million in
equity to finance a new project. Its targeted debt to equity ratio
is: (Points : 5)
50%33%200%300%
4. Which of the following statements about accounts
receivable and inventory is true (Points : 5)
They are both considered current assetsThey are both
considered expensesThey are both excluded from current assetsThey
are both considered current liabilitiesTotal revenue outpaces total
avoidable fixed costs
5. The breakeven point occurs where: (Points : 5)
Total fixed costs and total revenue intersectRevenue minus
variable cost minus fixed cost = 0Total profit margin and total
costs intersectTotal variable costs and total revenue
intersectTotal revenue outpaces total avoidable fixed costs
6. A statement that reports the revenues minus expenses of an
entity is called: (Points : 5)
Income statementStatement of retained earningsBalance
sheetReport of managementStatement of cash flows7. An imaging
center has the following information:
Revenue per test: $225Variable cost per test: $150Total fixed
costs: $225000Estimated number of tests = 3500
Calculate the total dollar contribution margin dollars and
percentage. (Points : 15)2288758. Your hospital has the following
revenue for the months of July-September: July $3000000 August
$2500000 September $4000000. If 30% of the months revenue is
collected in the same month 40% is collected in the second month
and 30% is collected in the third month how much of Julys revenue
is collected in August (Points : 15)9. Accounts receivables can
constitute more than 50% of a healthcare organizations current
assets. Managing accounts receivables is critical to the cash flow
of the organization. If you were a billing manager what should you
consider when implementing credit and collection policies (Points :
20)
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