Health Care Finance Assignment Please read through carefully and make you you understand fully before sending proposal. I need an A. Make sure you have access to the book. Book: Health Care Finance: B

HSA 304 Name: __________________

Professor Robert DeVito

Final Exam

  1. What are the three types of flexible budgeting variance? CH 17 (5 Points)


  1. Cash, Accrual & Trend

  2. Productive, Non-Productive & Actual

  3. Volume, Quantity & Price

  4. None of the above.

  1. Variance Analysis can be performed as a two or a three variance

Analysis. CH 17 (4)


A. True B. False



  1. Which of the following is NOT a method of obtaining funds? CH 22 (4)

  1. Borrowing from Investors

  2. Borrowing from Family

  3. Borrowing from a Lending Institution

  4. Selling an additional interest in the organization

  1. Is the following statement true or false? CH 23 (4)

The cost of an operating lease is considered a capital expense”

  1. True B. False


  1. Which of the following is NOT an element of a traditional (4 points)

business plan? CH 24

  1. Financial plan

  2. Marketing plan

  3. Organization plan

  4. Distribution plan

  1. What type of Bonds are long term obligations that are (4)

typically used to finance capital projects? CH 21

  1. Debentures

  2. Municipal

  3. Mortgage

  4. Common Stock

  1. Which of the following is NOT a common use of Estimates? (4)

CH 18

  1. Timeliness Considerations

  2. Cost/Benefit Considerations

  3. Benchmarking Considerations

  4. Lack of Data

  1. Which of the following is a type of Benchmarking? CH 18 (4)

  1. A financial variable not reported in an accounting system.

  2. A non-financial variable.

  3. A financial variable reported in an accounting system

  4. All of the Above

  1. Choose the best description of a Financial Lease. CH 23 (4 Points)

  1. A document in which all transactions for the period reside.

  2. An increase in the volume of money.

  3. A formal agreement that is actually a contract.

  4. A contraction in the volume of available money.

  1. What does SWOT stand for? CH 19 (4)

  1. Strengths-Weaknesses-Opportunities-Threats

  2. Systems-Workshops-Opportunities-Timeliness

  3. Static-Weaknesses-Organizing-Target

  4. None of the Above

  1. The mission of the Securities and Exchange Commission (4)

(SEC) is to ensure that the correct methods of accounting are utilized in a not-for-profit environment and that government auditors have access to books and records. CH 21

  1. True B. False

  1. Benchmarking is the continuous process of measuring products (4)

Services, and activities against the best levels of performance. CH 18

  1. True B. False

  1. Financing costs typically involve the following: CH 22 (4)

  1. Bartering and Trading

  2. Interest Expense and Loan Costs

  3. Inflation and Deflation

  4. Gross Domestic Product and Common Stock

  1. Name three (3) basic pieces of information related to the

Organization Segment of a Business Plan. CH 24 (6 Points)

  1. What are the five Initial decisions for the Business Plan? CH 24 (10)

  1. List two items that are FDIC Insured and two Items that are NOT

FDIC Insured. CH 21 (8)

  1. If the formula for Target Operating Income is: CH 17 (8)

N= Fixed Costs + Target Operating Income

Contribution Margin Per Unit

And, if target operating income is $ 3200

Unit price for sales is $200

Variable cost per unit is $ 120

Total fixed cost is $ 4000

What is the contribution margin per unit?

  1. What are the four sources of Capital? CH 22 (8)

1.

2.

3.

4.

  1. What is a Financial Lease? CH 23 (4)

  1. The Breakeven point is the point at which the Balance Sheet and the Statement of Revenue and Expenses total zero. CH 17 (3)

  1. True B. False