Question 1

By subtracting contractual allowances and charity care discounts from gross patient accountsreceivables, what remains is:

Options :

A : Patients accounts payable

B : Patients accounts receivable

C : Patients accounts bill

D : Patients cash income

Answer: B

Question 2

A health care organization that utilizes an aggressive asset mix strategy seeks to minimize its returnsby investing in non-liquid assets but faces the risk of lower liquidity.

Options :

A : True

B : False

Answer: B

Question 3

Cash (or cash equivalents) is the most liquid asset on the balance sheet.

Options :

A : True

B : False

Answer: A

Question 4

The future value formula to compound at intervals more frequent than annual is:

Options :

A : FV = PV + (1 + i/m) n*m

B : FV = PV * (1 + i/m) n-m

C : FV = PV - (1 + i*m) n/m

D : FV = PV * (1 + i/m) n*m(Where i= annual interest rate, m=number of times /year that compounding occurs and n= numberof years)

Answer: D

Question 5

At the top of the balance sheet there is a three-line heading that includes name of the organization,name ff statement and

Options :

A : One date

B : Two dates

C : Three dates

D : none of the above

Answer: B

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