50.1K

Verified Solution

Link Copied!

1. A common source of cash financing that is generated within the company from sales and services is called:

a. retained earnings

b. common equity

c. corporate bonds

d. revolving credit

2. Health care managers should only be concerned about the organization's long-term financial health and prospects.

True

False

3. The accounting equation used by for-profit businesses is best represented as:

a. Net Assets = Assets - Liabilities

b. Assets = Liabilities + Net Assets

c. Assets = Liabilities + Shareholders' Equity

d. Revenue = Sales - Liabilities

4. If you typed the following formula into Excel, what number would it generate? =(15/3)+5*(6/2)

a. 5.625

b. 20

c. 30

d. 0.227273

5. Suppose you wanted to add together the numbers in cells A1, A2, and A3. Which of the following Excel formulas would not work to perform this calculation.

a. =SUM(A1,A2,A3)

b. =A1+A2+A3

c. =SUM(A1:A3)

d. A1+A2+A3

6. A significant detail of the Patient Protection and Affordable Care Act of 2010 is that it:

a. eliminated co-pays for essetial services

b. reduced insurance premuims

c. allowed providers to bundle services

d. All of the above

7. Health care providers record revenue based on:

a. Group of answer choices

b. the net amount after contractual allowances

c. contributions from donations or charity

d. what they charge customers

e. None of the above

8. The difference between a health care provider's stated charge and the payment agreed to with a third-party payer is called a:

a. contractual allowance

b. price allowance

c. price differential

d. writeoff

9. All third party payers are private insurance companies.

True

False

Answer & Explanation Solved by verified expert

See Answer