jeopardy game questions (25)

Methods to monitor accounts receivable

net accounts receivable and aging schedule are both used to monitor accounts receivable

Future value is determined using

a compound interest method

Annuity due refers to

a series of equal annuity payments made or received at the beginning of each period, like rent

Hospital reimbursement by Medicare includes

case rates and ambulatory payment classifications

Vertical analysis is also called

common-size analysis

Analyzing financial statements helps a health care organization to

determine if profitable and determine the effectiveness in collecting receivables

T/F A balance sheet highlights assets, liabilities, and resources used

false

T/F Assets include accrued pension

false

T/F If the interest rate of a potential investment is over the T-bill rate, a dollar in the future is worth more than a dollar today

false

T/F Opportunity cost are revenues gained by forgoing other opportunities

false

T/F A line of credit is considered a long term commitment

false

T/F According to Zelman, Retail Health Care is not viable in today's health care environment

false

Which of the following is not a major reason to hold cash

hedge against inflation

Revenue Cycle Maintenance can be hindered by

lack of clarity about who is responsible for the bill

Categories of ratios include

liquidity, profitability, and capital structure

Is Havencrest a for-profit or not-for-profit healthcare organization?

not-for-profit because it's balance sheet reports net assets rather than stockholder's equity

Accountable Care Organizations performance is measured by

patient experience, care coordination, preventative health care

A partnership between primary care providers, patients, and families

patient medical home

Net assets do not include one of the following categories: unrestricted, restricted net working capital, temporary, permanent

restricted net working capital

In the accrual accounting method

revenues are recognized when patient service revenues are earned

An asset mix strategy includes

the amount of working capital an organization keeps on hand relative to its working capital obligations

T/F Ratio analysis is the expression of the relationship between two numbers as a single number

true

Accountable Care Organizations as part of ACA are

voluntary

Vertical analysis answers which general question?

what percentage of one line item is another line item

Present value of an annuity refers to

what series of equal payment in the future is worth today taking into account time value of money