NAB RCAL Exam LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS

NAB RCAL Exam LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS 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 NAB RCAL Exam LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS 2 | P a g e 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