NAB RCAL Exam 100% Correct!!
Breakeven Point? - ANSWERStotal cost = total revenue
Working capital ratio - ANSWERScurrent assets / current liabilities
Acid-test (quick) ratio - ANSWERS(cash + AR + short-term investments) / current liabilities
debt to assets ratio - ANSWERStotal liabilities/total assets
FTE (full time equivalent) - ANSWERStotal number of hours per employee in a week / 40 (i.e.
12+14+40+30 div. by 40)
Profit margin - ANSWERSNOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and
net prof margin)
Net Operating Income (NOI) - ANSWERSTotal (gross) Revenue - operating expenses
Occupancy rate - ANSWERS(# of resident days/facility beds) x 365
HCS - ANSWERSHazard Communication Standard. OSHA standard requiring employers to inform workers
of potentially hazardous chemicals.
Balance sheet formula - ANSWERSAssets = Liabilities + Shareholders Equity
EBITDA - ANSWERSEarnings before interest, taxes, depreciation, and amortization
Amortization - ANSWERSthe reduction of a loan balance through payments made over a period of time
, revenue cycle management - ANSWERSresident needs->service planning->staffing->billing/collections->
FICA SS Tax and Medicare Tax - ANSWERS6.2% and 1.45%
4 elements of a valid contract - ANSWERSagreement, consideration, contractual capacity, legality (in
writing) "ACCL"
Liability insurance usually covers.. - ANSWERSBodily injury and property damage
Lock out tag out - ANSWERSFor all electrical equipment
safe electrical practices - ANSWERSNational Electrical Code or NEC
Extinguisher class K - ANSWERSCommercial cooking equipment (cooking oil, animal fats)
PASS (Fire Safety) - ANSWERSP - Pull the pin.
A - Aim at the base of the fire, not at the flames.
S - Squeeze the lever.
S - Sweep the nozzle from side to side.
R.A.C.E. (Fire safety) - ANSWERSrescue, alarm, contain, extinguish
Accrual Basis Accounting - ANSWERSreporting income when it is earned and expenses when they are
incurred
Cash Basis Accounting - ANSWERSReporting income when the cash is received and expenses when the
cash is paid.
Breakeven Point? - ANSWERStotal cost = total revenue
Working capital ratio - ANSWERScurrent assets / current liabilities
Acid-test (quick) ratio - ANSWERS(cash + AR + short-term investments) / current liabilities
debt to assets ratio - ANSWERStotal liabilities/total assets
FTE (full time equivalent) - ANSWERStotal number of hours per employee in a week / 40 (i.e.
12+14+40+30 div. by 40)
Profit margin - ANSWERSNOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and
net prof margin)
Net Operating Income (NOI) - ANSWERSTotal (gross) Revenue - operating expenses
Occupancy rate - ANSWERS(# of resident days/facility beds) x 365
HCS - ANSWERSHazard Communication Standard. OSHA standard requiring employers to inform workers
of potentially hazardous chemicals.
Balance sheet formula - ANSWERSAssets = Liabilities + Shareholders Equity
EBITDA - ANSWERSEarnings before interest, taxes, depreciation, and amortization
Amortization - ANSWERSthe reduction of a loan balance through payments made over a period of time
, revenue cycle management - ANSWERSresident needs->service planning->staffing->billing/collections->
FICA SS Tax and Medicare Tax - ANSWERS6.2% and 1.45%
4 elements of a valid contract - ANSWERSagreement, consideration, contractual capacity, legality (in
writing) "ACCL"
Liability insurance usually covers.. - ANSWERSBodily injury and property damage
Lock out tag out - ANSWERSFor all electrical equipment
safe electrical practices - ANSWERSNational Electrical Code or NEC
Extinguisher class K - ANSWERSCommercial cooking equipment (cooking oil, animal fats)
PASS (Fire Safety) - ANSWERSP - Pull the pin.
A - Aim at the base of the fire, not at the flames.
S - Squeeze the lever.
S - Sweep the nozzle from side to side.
R.A.C.E. (Fire safety) - ANSWERSrescue, alarm, contain, extinguish
Accrual Basis Accounting - ANSWERSreporting income when it is earned and expenses when they are
incurred
Cash Basis Accounting - ANSWERSReporting income when the cash is received and expenses when the
cash is paid.
