HCAD 375 EXAM 3 QUESTINS WITH
100% SOLVED ANSWERS!!
1 of
91
Term
How is current ratio interpreted?
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cash on hand relative to daily
ability to pay off short term debt
operating expenses
, <1 cannot pay debt % change in line item one year
to the next
1-2 preferred
2+ too high Don't know?
2 of 91
Term
Who reads/uses financial statements in a health care organization?
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Marketing and sales teams Patients and their families
Administrator,
governing board, Only the accounting team
department heads,
vendors
Don't know?
3 of 91
Term
What are 4 common uses of data comparisons?
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, First in first out (first -> last) $ given to you by gov/org/person
results in avoiding expired for specific reason, that you DO
inventory, truer value of NOT have to pay back
inventory
-other organization
Accounts payable, notes payable,
-prior periods
accured expenses, deferred
-current revenue &
revenue
expenses to current
budget
-industry standards
Don't know?
4 of 91
Term
What are creditors generally looking for in a DSCR ratio to grant a
loan?
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1.0 or lower 0.75 or lower
1.25 or higher 2.0 or higher
Don't know?
5 of 91
Term
, Where is inventory recorded on balance sheet?
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noncurrent asset current asset
long term asset current liability
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6 of 91
Term
What are Angel Investor Network as a source of capital?
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A network of banks offering low- Group of wealthy individuals who
interest loans invest in startups
Group of middle income
people who want to team up A government program providing
and invest in others loans to businesses
Don't know?
7 of 91
100% SOLVED ANSWERS!!
1 of
91
Term
How is current ratio interpreted?
Give this one a try later!
cash on hand relative to daily
ability to pay off short term debt
operating expenses
, <1 cannot pay debt % change in line item one year
to the next
1-2 preferred
2+ too high Don't know?
2 of 91
Term
Who reads/uses financial statements in a health care organization?
Give this one a try later!
Marketing and sales teams Patients and their families
Administrator,
governing board, Only the accounting team
department heads,
vendors
Don't know?
3 of 91
Term
What are 4 common uses of data comparisons?
Give this one a try later!
, First in first out (first -> last) $ given to you by gov/org/person
results in avoiding expired for specific reason, that you DO
inventory, truer value of NOT have to pay back
inventory
-other organization
Accounts payable, notes payable,
-prior periods
accured expenses, deferred
-current revenue &
revenue
expenses to current
budget
-industry standards
Don't know?
4 of 91
Term
What are creditors generally looking for in a DSCR ratio to grant a
loan?
Give this one a try later!
1.0 or lower 0.75 or lower
1.25 or higher 2.0 or higher
Don't know?
5 of 91
Term
, Where is inventory recorded on balance sheet?
Give this one a try later!
noncurrent asset current asset
long term asset current liability
Don't know?
6 of 91
Term
What are Angel Investor Network as a source of capital?
Give this one a try later!
A network of banks offering low- Group of wealthy individuals who
interest loans invest in startups
Group of middle income
people who want to team up A government program providing
and invest in others loans to businesses
Don't know?
7 of 91
