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Can someone please help me with the 10 Healthcare Finance questions attached ASAP Mountain View Nursing Facility uses a chart of accounts format that is
Can someone please help me with the 10 Healthcare Finance questions attached ASAP
Mountain View Nursing Facility uses a chart of accounts format that is made up of three sets of digits. The first set of digits represents the financial statement element, the second is for a primary subclassification and the third is for a secondary subclassification. To which of these three sets of digits would "Petty cash for the front office" belong? The financial statement element The primary subclassification The secondary subclassification The payroll statement element The original cost, or historical cost, of buildings and equipment is reduced by: accumulated depreciation. accumulated liabilities. reserve for amortization. current book value. Certain lab technology expenses have been incurred. Because these expenses are for the particular benefit of the radiology department, they are considered to be _____ costs. direct indirect joint uniform Convenience in the computation method" is the advantage of which method of analyzing mixed costs? The scatter graph method The high-low method Both A and B None of the above LIFO inventory assumptions: Beginning inventory of 10 units @$15 = $150; Purchases month #1 of 10 units @$15 = $150; Purchases month #2 of 10 units @$10 = $100; Cost of goods available for sale (subtotal) = $400; Less ending inventory of 10 units; Equals cost of goods sold (also known as cost of sales); Required: Under the LIFO inventory method, what is the cost of goods sold amount? 300 250 200 None of the above What method provides a result that can be thought of as a kind of break- even point for investment purposes? The payback period method The unadjusted rate of return method The internal rate of return method The present-value analysis method Which of the following are reasons for capital asset spending on new equipment? To improve productivity in the Emergency Department To comply with federal requirements in the Pharmacy Department To comply with new state legislative requirements in the Clinic All of the above The FDIC generally provides separate coverage for: Keoghs. IRAs. both of the above. neither of the above. The forecasted or projected periods of time for high-tech equipment: often cover a short period such as three to five years. often cover a long period such as ten years. often are in accordance with your own organization's acceptable standard length of time for such forecasts or projections. Both a and c The reporting period for a hospital is: a fiscal year (FY). a calendar year (CY). six months. ten monthsStep by Step Solution
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