Newest RATED A+ 2025/2026 100% VERIFIED CORRECT
Breakeven Point? - Answers total cost = total revenue
Working capital ra o - Answers current assets / current liabili es
Acid-test (quick) ra o - Answers (cash + AR + short-term investments) / current liabili es
debt to assets ra o - Answers total liabili es/total assets
FTE (full me equivalent) - Answers total number of hours per employee in a week / 40 (i.e.
12+14+40+30 div. by 40)
Profit margin - Answers NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof
margin and net prof margin)
Net Opera ng Income (NOI) - Answers Total (gross) Revenue - opera ng expenses
Occupancy rate - Answers (# of resident days/facility beds) x 365
HCS - Answers Hazard Communica on Standard. OSHA standard requiring employers to
inform workers of poten ally hazardous chemicals.
Balance sheet formula - Answers Assets = Liabili es + Shareholders Equity
EBITDA - Answers Earnings before interest, taxes, deprecia on, and amor za on
, Amor za on - Answers the reduc on of a loan balance through payments made over a
period of me
revenue cycle management - Answers resident needs->service planning->staffing-
>billing/collec ons->
FICA SS Tax and Medicare Tax - Answers 6.2% and 1.45%
4 elements of a valid contract - Answers agreement, considera on, contractual capacity,
legality (in wri ng) "ACCL"
Liability insurance usually covers.. - Answers Bodily injury and property damage
Lock out tag out - Answers For all electrical equipment
safe electrical prac ces - Answers Na onal Electrical Code or NEC
Following NFPA Life Safety Code - Answers fire plan, regular fire drills, detectors, training on
procedure, non combustable furnishing/draperies
Ex nguisher class A - Answers ordinary combus bles such as wood/paper
Ex nguisher Class B - Answers For flammable liquids and gas fires (grease, paint)
Ex nguisher class C - Answers Live electrical equipment (panelling)