I have attached the file for the assignment I need help with. Please hi light correct ones on multiple choice and work out problems. Thank you

HMGT 3311 - Healthcare Accounting FA 2016 Quiz 2 Highlight the answer option for MC questions and show all work steps for the work out problems 1 Which of the following is not a major reason to hold cash? a b c d 2 Hedge against inflation Daily operations Precautionary purposes Speculative purposes A line of credit is considered a long term commitment a b 3 4 An asset mix strategy includes: a How an organization chooses to finance its working capital needs b c d The amount of working capital an organization keeps on hand relative to its working capital obligations Risk of greater return to lower liquidity Coin and currency Revenue cycle maintenance can be hindered by: a b c d 5 Patients giving correct demographic information Lack of clarity about who is responsible for the bill Current health care insurance information An accurate/clean final bill Discounting is: a b c d 6 1 0 Converting present value into its future value Value today of a payment to be received Calculating the future value using a formula Converting future cash flows to their present value Future value is determined using: a b c d Worth of a dollar today Calculations only on the original principle A compound interest method Using a simple interest method 7 8 Annuity due refers to: a b A series of equal payments made or received at the beginning of each period The worth today of a series of equal payment in the future c d Factors that show the value today of equal flows at the end of each future period An equal series of payments worth at some future date Present Value refers to: a b c d 9 The time value of money refers to: a b c d 10 Worth in future of an amount invested today Worth today of future payment Worth in the future of a series of payments over time None of the above Factors that show future value Factors that show past value Concept that a dollar received today is worth more than a dollar received in future Concept that a dollar received today is worth less than a dollar received in future Amount of Perpetuity = Initial Investmen/Interest Rate a b 11 1 0 From the following information calculate the cash received from patient revenue and cash paid for purchases for the months of August & September Patient revenues: Jan Feb Mar April May June Jul Aug Sept $ $ $ $ $ $ $ $ $ 4,600,000 5,250,000 5,530,000 5,500,000 5,200,000 5,675,000 5,600,000 5,350,000 5,000,000 Receipt of payment of patient revenues: Current month of service 1 st month of prior service Supplies purchases: April May June Jul Aug Sept 45% 25% $ $ $ $ $ $ 1,650,000 2,100,000 2,450,000 2,000,000 2,250,000 2,650,000 2nd month of prior service 3-6 months of prior service 10% 5% Timing for payment for supplies purchases: Month purchased + 1st month of prior service + 2nd month of prior service + 3rd month of prior service 0% 60% 35% 5% August September Cash collections from patient revenues 12 CarePartners Hospital accepts payments from uninsured patients under a payment plan. See below for information re: one such patient: Annual payment amount Time period Rates of return: $ (a) (b) 12,000 7 5% 9% Calculate the current value of the collection payments for each of the rates of return above, assuming the payments are made: (i) At the end of each year (ii) At the beginning of each year Show the factors used in each scenario as part of your calculations