Question
1. What is Managerial accounting? 2. Explain how the matching principle relates to depreciation. 3. Question: In the accounting equation (+E), the E represents which
1. What is Managerial accounting?
2. Explain how the matching principle relates to depreciation.
3. Question: In the accounting equation (+E), the E represents which of the following?
4. What is the correct order of listing under the Assets section of the Balance Sheet?
Cash, PP&E, Accounts Receivable, InvestmentsAccounts Receivable, Cash, PP&E, InvestmentsCash, Accounts Receivable, PP&ENone of the above5. On the Statement of Cash Flows where would cash payments for the purchase of capital equipment be reported?
6. Which of the following is not an accounting organization?
a. AICPA
b. FASB
c. AMA
4. None of the above
7. Small variations in amounts that do not alter the perception of the users of Financial Statements are allowed based on which of the following accounting principles?
8. Which Balance Sheet account(s) lead a user to believe that an entity reports its financials on an Accrual Basis versus a Cash Basis?
9. What are the four Cs of financial activities?
10. The person in a typical organization that is responsible for debt management:
a. Comptroller
b. Treasurer
c. Auditor
d. None of the above
11. What are the benefits of being a not-for-profit organization?
12. Which bond should an investor with a tax rate of 28% invest in? Bond A is from a tax-exempt organization and carries an interest rate of 5%. Bond B is from a for-profit organization and pays 8%. ( When interest from a for-profit organization is taxed, the after-tax interest income for the bondholder is calculated as (Interest times ( 1 - tax rate). For example, if the tax rate is 40% and the interest pre-tax is 10%, the after-tax interest is 6%. We do not need to apply this calculation to tax-free interest from non-profit organizations.
13. Which of the following is not a third -party payment?
a. Medicare
b. Blue Cross Prudent Buyer
c. United Healthcare
d. Self- Pay Patient
14. Which of the following is not an example of a prospective payment system?
a. RBRVS
b. DRG
c. APC
d. Cost
15. In a prospective DRG-based payment system, the hospital is paid a fixed amount, regardless of the length of stay (LOS). If you are a CFO of a hospital paid based on DRG you are incentivized to
a. Increase Length of Stay (LOS)
b. Decrease LOS
c. Increase ancillary testing
d. None of the above
16. Alpha Hospital has $10 million in cash, $3 million in debt, $2 million in current assets and $1 million in current liabilities. It also has net income of $600,000, net operating income of $400,000 and operating revenue of $8 million.
What is the operating margin of Alpha Hospital?
What is the current ratio of Alpha Hospital?
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