Healthcare Finance & Budgeting Exam
with correct answers
Days in inventory - correct answer-The inventory ratio is used to calculate which activity ratio?
As revenue - correct answer-How can money be brought into a company?
A PPO - correct answer-Ernesto's health insurance plan allows him to receive care at a lower cost from a
network of healthcare providers, although out- of-network providers are still an option for him. Ernesto
usually pays both a co-payment and a deductible. Which insurance plan does this describe?
Overhead or administrative costs - correct answer-What is another term for indirect costs?
The method that determines the relationship between production and costs - correct answer-What is
variable costs?
Decomposition - correct answer-In which quantitative method are trend, seasonal and cyclical
components taken into consideration?
Increase rate of receivables - correct answer-What is one goal of cash management?
5
The Managers worked 80 hours and the cashiers 120.
80+120=200/40 - correct answer-Kat's convenience store has 2 full time managers and 6 part time
cashiers. The cashiers worked 120 hours last week. What is Kat's headcount expressed in FTEs?
Guaranteeing funding to assist with startup costs - correct answer-Which answer is not a benefit of
becoming a 501(c)3 nonprofit organization?
Accounting - correct answer-Which of the following is a broad specialty of healthcare finance?
To gather and report information that adds value to a business - correct answer-What is the purpose of
managerial accounting?
Reputational Risk - correct answer-If management intentionally makes a bad decision to try and avoid
issuing recall on their items, what type of risk will they be struggling with?
Profit from routine in-office visits - correct answer-Which of the following should not be categorized as
a source of non-operating income of an OBGYN practice?
Financing - correct answer-Which of the statement of cash flows includes activities that involve cash
receipts or cash payments from changes on long-term liabilities?
$1,000
Annual depreciation expense =
(Asset cost-Residual Value)/Useful life of the asset
with correct answers
Days in inventory - correct answer-The inventory ratio is used to calculate which activity ratio?
As revenue - correct answer-How can money be brought into a company?
A PPO - correct answer-Ernesto's health insurance plan allows him to receive care at a lower cost from a
network of healthcare providers, although out- of-network providers are still an option for him. Ernesto
usually pays both a co-payment and a deductible. Which insurance plan does this describe?
Overhead or administrative costs - correct answer-What is another term for indirect costs?
The method that determines the relationship between production and costs - correct answer-What is
variable costs?
Decomposition - correct answer-In which quantitative method are trend, seasonal and cyclical
components taken into consideration?
Increase rate of receivables - correct answer-What is one goal of cash management?
5
The Managers worked 80 hours and the cashiers 120.
80+120=200/40 - correct answer-Kat's convenience store has 2 full time managers and 6 part time
cashiers. The cashiers worked 120 hours last week. What is Kat's headcount expressed in FTEs?
Guaranteeing funding to assist with startup costs - correct answer-Which answer is not a benefit of
becoming a 501(c)3 nonprofit organization?
Accounting - correct answer-Which of the following is a broad specialty of healthcare finance?
To gather and report information that adds value to a business - correct answer-What is the purpose of
managerial accounting?
Reputational Risk - correct answer-If management intentionally makes a bad decision to try and avoid
issuing recall on their items, what type of risk will they be struggling with?
Profit from routine in-office visits - correct answer-Which of the following should not be categorized as
a source of non-operating income of an OBGYN practice?
Financing - correct answer-Which of the statement of cash flows includes activities that involve cash
receipts or cash payments from changes on long-term liabilities?
$1,000
Annual depreciation expense =
(Asset cost-Residual Value)/Useful life of the asset
