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The questions are attached. I would like to know if you can provide me with answers to these questions. Is it possible? HMGT 322 Final

The questions are attached.

I would like to know if you can provide me with answers to these questions. Is it possible?

image text in transcribed HMGT 322 Final Quiz Top of Form Note: It is recommended that you save your response as you complete each question. Question 1 (5 points) Which of the following is NOT considered an advantage of organizing as a C corporation: Question 1 options: Easy to transfer ownership through shares of stock Owners have limited liability Less costly and less time consuming to set-up relative to other forms of organization Unlimited life of company that continues in existence after original owners die or leave the company. Save Question 2 (5 points) Which of the following statements is FALSE regarding not-for-profit entities: Question 2 options: Cannot pay dividends and all earnings must be retained in the business Classified certain assets as being restricted which are managed through fund accounting Not-for-profit firms have no stakeholders and are controlled by a board of trustees They have greater access to capital markets relative to for-profit providers Save Question 3 (5 points) Which of the following is FALSE regarding capitated payment third-party arrangements: Question 3 options: Under a profit (CVP) analysis, there is no direct linkage between volume of services provided and revenues Providers have an incentive to reduce costs and reduce utilization Providers have an incentive to set higher charge rates to increase revenues Revenue associated with capitated contracts is often called premium revenue rather than patient service revenue Save Question 4 (5 points) Which of the following is a FALSE statement regarding accrual accounting? Question 4 options: The revenue recognition principle requires the revenue to be recognized in the period when they are realized and earned. This is the period in which the service is rendered. An advantage is that there are no complex accounting rules and it is closely aligned to accounting for tax purposes The economic event that creates the financial transaction, rather than the transaction itself, provides the basis for the accounting entry. Implementation of the matching principle dealing with expenses creates a problem with long-lived assets such as buildings and equipment. Save Question 5 (5 points) Which of the following is NOT considered an expense on the income statement? Question 5 options: Depreciation Notes payable Provision for Bad Debts Salaries and benefits Save Question 6 (5 points) Which of the following asset is least liquid? Question 6 options: Cash Fixed assets (property and equipment) Short-term securities Accounts receivable Save Question 7 (5 points) In allocating costs, which of the following is NOT considered an advantage with respect to \"Double Apportionment?\" Question 7 options: It is simple to do and does not require a computer to calculate It fixes the problems with direct and step-down apportionment Takes into account the costs of revenue departments doing work for other revenue departments Considering value, or accuracy over cost, it is the most practical method of cost allocation Save Question 8 (5 points) Which of the following is a FALSE statement characterizing managerial accounting? Question 8 options: Focuses on subunits of an entity for internal decision-making Is forward-looking Cost accounting is a subset of managerial accounting Involves identifying, measuring, recording, and communicating in dollar terms the economic events and status of an organization. Save Question 9 (5 points) Which of the following is the CORRECT definition of the statistics budget which is considered the cornerstone of the budget process? Question 9 options: Combines volume and reimbursement data to develop revenue forecasts Focuses on costs of providing services including labor and non-labor components Specifies the patient volume and resource assumptions used in other budgets Combination of the revenue and expense budget Save Question 10 (5 points) Which of the following is a FALSE statement concerning variance analysis? Question 10 options: Assists managers identify the factors that cause realized profits to be different from expected profits. To be most useful, it examines the difference between the actual, flexible, and static budget. Essential to the managerial control process. Represents the number of years necessary for cash flow to recover the original investment. Save Question 11 (5 points) Which of the following is NOT part of an operational plan? Question 11 options: Working capital management plan Strategic plan Long-term plan Managerial Accounting Plan Save Question 12 (5 points) Indicate where the event "paid income taxes" would appear, if at all, on the statement of cash flows. Question 12 options: Operating activities section Investing activities section Financing activities section Does not represent a cash flow Save Question 13 (5 points) Net income results when: Question 13 options: Assets > Liabilities Revenues = Expenses Revenues > Expenses Revenues

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