NAB RCAL Exam – Complete Study Guide 2024 With Verified Solutions

NAB RCAL Exam – Complete Study Guide 2024 With Verified Solutions Breakeven Point? - Answer -total cost = total revenue Working capital ratio - Answer -current assets / current liabilities Acid-test (quick) ratio - Answer -(cash + AR + short-term investments) / current liabilities debt to assets ratio - Answer -total liabilities/total assets FTE (full time equivalent) - Answer -total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40) Profit margin - Answer -NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and net prof margin) Net Operating Income (NOI) - Answer -Total (gross) Revenue - operating expenses Occupancy rate - Answer -(# of resident days/facility beds) x 365 HCS - Answer -Hazard Communication Standard. OSHA standard requiring employers to inform workers of potentially hazardous chemicals. Balance sheet formula - Answer -Assets = Liabilities + Shareholders Equity EBITDA - Answer -Earnings before interest, taxes, depreciation, and amortization Amortization - Answer -the reduction of a loan balance through payments made over a period of time revenue cycle management - Answer -resident needs-service planning-staffing-billing/collections- FICA SS Tax and Medicare Tax - Answer -6.2% and 1.45% 4 elements of a valid contract - Answer -agreement, consideration, contractual capacity, legality (in writing) "ACCL" Liability insurance usually covers.. - Answer -Bodily injury and property damage Lock out tag out - Answer -For all electrical equipment