1.Sunrise is a voluntary, nonprofit, continuing care center. Presently, it has $1,000,000 set aside for replacement of the equipment. Its current accumulated depreciation is $1,500,000, and the average age of the equipment is 5 years. If it can be assumed that capital assets for Sunrise are inflating at 5% per year, what balance would Sunrise need to have set aside today to meet their replacement needs if they will not be using any debt financing?

A) $5,000,000

B) $1,276,282

C) $1,276,200

D) $750,000

2.Which of the following is an element of the charge master?

Group of answer choices

A) All of the above

B) CPT/HCPCS code

C) Charge code

D) Charge/price

3.Variable costs change as the

A) Indirect costs change

B) Volume of production or services changes

C) Semifixed costs change

D) Revenue changes