NDFS 455 Test 2 Quizzes (5-8)

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ACA provides a _______________ benefits package:

Minimum

Present value of an annuity refers to

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

Liabilities

Financial obligations due within a year

NPV is calculated using ten steps. True or False?

F

Net asset categories

Permanent Temporary Unrestricted

Operating margin ratio measures:

Profits earned from the organization's main line of business

All of the following factors contribute to the rising cost of health care except:

Providers embracing lean Six Sigma and other techniques to deliver better care with less resources

Cash flows from investing activities includes:

Purchase of plant property and equipment

Opportunity cost are revenues gained by forgoing other opportunities. True or False?

F

Sunk Costs

Non-recoverable

Net assets to total assets ratio reflects an organization's ability to repay a loan. True or False?

F

The number of uninsured U.S. citizens rose between 2001 and 2010 from:

36-50million

Future value is determined using

A compound interest method

Liquidity ratios measure:

A facility's ability to meet short term obligations, collect receivables and maintain cash position

Patient-Centered Medical Home is:

A partnership between primary care providers, patients, and families

The component(s) of a capital investment decision are:

A. Determining if the investment is worth while & Determining how to finance the investment

What is the goal of the U.S. health care system?

Access, Cost, Quality

The strength(s) of the NPV analysis are

Answers in dollars, not years Accounts for all cash flows in the project Discounts at the cost of capital

Other revenue

Appropriations and grants, Income from investments, & Revenue from contributions.

Which of the following is a basic financial statement?

Balance Sheet, Statement of Operations, & Statement of Cash Flows

Assets

Cash, investments, inventory, and receivables.

The time value of money refers to

Concept that a dollar received today is worth more than a dollar received in the future

The HITECH Act (2009) was enacted with the goal of:

Creating and expanding the current health care IT infrastructure Promoting electronic data exchange Substantially and rapidly increasing EHR adoption

Body of the statement of cash flows does not include

Current liabilities

Horizontal analysis looks at the percentage change in a line item from one quarter to another. True or False?

F

Analyzing financial statements helps a health care organization to

Determine if profitable Determine the effectiveness in collecting receivables

Trend analysis compares changes over

Each year with the base year

Straight-line depreciation is a method that depreciates an asset a(n)__________________ amount each______________________ until it reaches its salvage value.

Equal, Year

An effective interest rate is the stated annual interest rate of a loan. True or False?

F

Dividends are payments to creditors. True or False?

F

The payback method measures how long it will take to recover____________ investment.

Initial

Compound interest method refers to

Interest is calculated on both the original principle and and on all interest accumulated since the beginning of interest period

Categories of ratios include:

Liquidity, Profitability, and Capital structure.

All of the following factors could contribute to a decrease in health care costs except:

Medical technology continuing to develop new systems

Balance Sheet for a non-profit contains all of the following:

Organization's assets, Organization's liabilities, & Cash Flow

A statement of operations summarizes the organization's total assets, liabilities, and net assets in what time period?

Over a period of time

ACA is the abbreviation for what legislation?

Patient Protection and Affordable Care Act

Which of the following is not a provision that is expected to have a significant impact from the ACA?

Requirement that all payments for health care be based on quality of services

An annuity is a series of equal payments. True or False?

T

Higher debt increases financial risk by magnifying the returns on net asset or equity. True or False?

T

In a simple interest method the principle is the amount invested. True or False?

T

Interest determines how much an amount of money invested today will be worth in the future. True or False?

T

Ratio analysis is the expression of the relationship between two numbers as a single number. True or False?

T

Salvage value is the amount of cash to be received when an asset is sold, usually at the end of its useful life. True or False?

T

The payback method is in years, not dollars. True or False?

T

Vertical analysis answers which general question?

What percentage of one line item is another line item?

Capital appreciation is

When an investment is worth more when it is sold than when it was purchased

The statement of changes in net assets includes

Why there was a change from one year to the next in the entire net asset section of the balance sheet

Present value (PV) refers to

Worth today of future payment

Accountable Care Organizations as part of ACA are:

voluntary


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