WGU C428, Exam Questions and answers, 100% Accurate. Graded A+. APPROVED 2024

An established diagnostic center needs a new mammogram machine. The center has incurred higher debt and is very highly leveraged but decides to apply for another secured loan at its local bank. What will the bank decide about the secured loan? - -The interest rate will be higher. A private hospital with a successful history of traditional patient care is seeking to open a holistic treatment center off-site. It has secured an initial loan of five million dollars. How would the nature of this venture affect the interest rate that could be expected on the loan? - - A higher interest rate loan due to the alternative patient care A healthcare organization has the following financial information available in a balance sheet: Assets: Cash of $10,000 Accounts receivable of $5,000 Machinery & equipment of $50,000 Liabilities: Accounts payable of $6,000 Loans payable of $25,000 Common stock of $34,000 The organization decides to use $5,000 of the organization cash reserves to pay off some of the loans payable of $25,000. What is the organization's business debt after the debt is paid off? - -$26,000