NAB RCAL Exam Questions With Correct
Answers
Breakeven |Point? |- |CORRECT |ANSWER✔✔-total |cost |= |total |revenue
Working |capital |ratio |- |CORRECT |ANSWER✔✔-current |assets |/ |current |liabilities
Acid-test |(quick) |ratio |- |CORRECT |ANSWER✔✔-(cash |+ |AR |+ |short-term |investments) |/ |current |
liabilities
debt |to |assets |ratio |- |CORRECT |ANSWER✔✔-total |liabilities/total |assets
FTE |(full |time |equivalent) |- |CORRECT |ANSWER✔✔-total |number |of |hours |per |employee |in |a |
week |/ |40 |(i.e. |12+14+40+30 |div. |by |40)
Profit |margin |- |CORRECT |ANSWER✔✔-NOI/Tot. |Revenue. |Defined |as |"income |to |sales. |2 |types,
|gross |prof |margin |and |net |prof |margin)
Net |Operating |Income |(NOI) |- |CORRECT |ANSWER✔✔-Total |(gross) |Revenue |- |operating |
expenses
Occupancy |rate |- |CORRECT |ANSWER✔✔-(# |of |resident |days/facility |beds) |x |365
HCS |- |CORRECT |ANSWER✔✔-Hazard |Communication |Standard. |OSHA |standard |requiring |
employers |to |inform |workers |of |potentially |hazardous |chemicals.
, Balance |sheet |formula |- |CORRECT |ANSWER✔✔-Assets |= |Liabilities |+ |Shareholders |Equity
EBITDA |- |CORRECT |ANSWER✔✔-Earnings |before |interest, |taxes, |depreciation, |and |
amortization
Amortization |- |CORRECT |ANSWER✔✔-the |reduction |of |a |loan |balance |through |payments |
made |over |a |period |of |time
revenue |cycle |management |- |CORRECT |ANSWER✔✔-resident |needs->service |planning-
>staffing->billing/collections->
FICA |SS |Tax |and |Medicare |Tax |- |CORRECT |ANSWER✔✔-6.2% |and |1.45%
4 |elements |of |a |valid |contract |- |CORRECT |ANSWER✔✔-agreement, |consideration, |contractual |
capacity, |legality |(in |writing) |"ACCL"
Liability |insurance |usually |covers.. |- |CORRECT |ANSWER✔✔-Bodily |injury |and |property |damage
Lock |out |tag |out |- |CORRECT |ANSWER✔✔-For |all |electrical |equipment
safe |electrical |practices |- |CORRECT |ANSWER✔✔-National |Electrical |Code |or |NEC
Following |NFPA |Life |Safety |Code |- |CORRECT |ANSWER✔✔-fire |plan, |regular |fire |drills, |
detectors, |training |on |procedure, |non |combustable |furnishing/draperies
Extinguisher |class |A |- |CORRECT |ANSWER✔✔-ordinary |combustibles |such |as |wood/paper
Answers
Breakeven |Point? |- |CORRECT |ANSWER✔✔-total |cost |= |total |revenue
Working |capital |ratio |- |CORRECT |ANSWER✔✔-current |assets |/ |current |liabilities
Acid-test |(quick) |ratio |- |CORRECT |ANSWER✔✔-(cash |+ |AR |+ |short-term |investments) |/ |current |
liabilities
debt |to |assets |ratio |- |CORRECT |ANSWER✔✔-total |liabilities/total |assets
FTE |(full |time |equivalent) |- |CORRECT |ANSWER✔✔-total |number |of |hours |per |employee |in |a |
week |/ |40 |(i.e. |12+14+40+30 |div. |by |40)
Profit |margin |- |CORRECT |ANSWER✔✔-NOI/Tot. |Revenue. |Defined |as |"income |to |sales. |2 |types,
|gross |prof |margin |and |net |prof |margin)
Net |Operating |Income |(NOI) |- |CORRECT |ANSWER✔✔-Total |(gross) |Revenue |- |operating |
expenses
Occupancy |rate |- |CORRECT |ANSWER✔✔-(# |of |resident |days/facility |beds) |x |365
HCS |- |CORRECT |ANSWER✔✔-Hazard |Communication |Standard. |OSHA |standard |requiring |
employers |to |inform |workers |of |potentially |hazardous |chemicals.
, Balance |sheet |formula |- |CORRECT |ANSWER✔✔-Assets |= |Liabilities |+ |Shareholders |Equity
EBITDA |- |CORRECT |ANSWER✔✔-Earnings |before |interest, |taxes, |depreciation, |and |
amortization
Amortization |- |CORRECT |ANSWER✔✔-the |reduction |of |a |loan |balance |through |payments |
made |over |a |period |of |time
revenue |cycle |management |- |CORRECT |ANSWER✔✔-resident |needs->service |planning-
>staffing->billing/collections->
FICA |SS |Tax |and |Medicare |Tax |- |CORRECT |ANSWER✔✔-6.2% |and |1.45%
4 |elements |of |a |valid |contract |- |CORRECT |ANSWER✔✔-agreement, |consideration, |contractual |
capacity, |legality |(in |writing) |"ACCL"
Liability |insurance |usually |covers.. |- |CORRECT |ANSWER✔✔-Bodily |injury |and |property |damage
Lock |out |tag |out |- |CORRECT |ANSWER✔✔-For |all |electrical |equipment
safe |electrical |practices |- |CORRECT |ANSWER✔✔-National |Electrical |Code |or |NEC
Following |NFPA |Life |Safety |Code |- |CORRECT |ANSWER✔✔-fire |plan, |regular |fire |drills, |
detectors, |training |on |procedure, |non |combustable |furnishing/draperies
Extinguisher |class |A |- |CORRECT |ANSWER✔✔-ordinary |combustibles |such |as |wood/paper
