NAB RCAL Exam Questions And Answers

NAB RCAL Exam Questions And Answers Break Even Point? - ANS total cost = total revenue Working capital ratio - ANS current assets / current liabilities Acid-test (quick) ratio - ANS (cash + AR + short-term investments) / current liabilities debt to assets ratio - ANS total liabilities/total assets FTE (full time equivalent) - ANS total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40) Profit margin - ANS NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and net prof margin) Net Operating Income (NOI) - ANS Total (gross) Revenue - operating expenses Occupancy rate - ANS (# of resident days/facility beds) x 365 HCS - ANS Hazard Communication Standard. OSHA standard requiring employers to inform workers of potentially hazardous chemicals. Balance sheet formula - ANS Assets = Liabilities + Shareholders Equity EBITDA - ANS Earnings before interest, taxes, depreciation, and amortization Amortization - ANS the reduction of a loan balance through payments made over a period of time revenue cycle management - ANS resident needs->service planning->staffing->billing/collections-> FICA SS Tax and Medicare Tax - ANS 6.2% and 1.45% 4 elements of a valid contract - ANS agreement, consideration, contractual capacity, legality (in writing) "ACCL" Liability insurance usually covers.. - ANS Bodily injury and property damage Lock out tag out - ANS For all electrical equipment safe electrical practices - ANS National Electrical Code or NEC Following NFPA Life Safety Code - ANS fire plan, regular fire drills, detectors, training on procedure, non combustable furnishing/draperies Extinguisher class A - ANS ordinary combustibles such as wood/paper Extinguisher Class B - ANS For flammable liquids and gas fires (grease, paint) Extinguisher class C - ANS Live electrical equipment (panelling) Extinguisher class D - ANS Combustable metals (aluminum) Extinguisher class K - ANS Commercial cooking equipment (cooking oil, animal fats) PASS (Fire Safety) - ANS P - Pull the pin. A - Aim at the base of the fire, not at the flames.