100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MHA 706 Final EXAM Module 2 $9.49   Add to cart

Exam (elaborations)

MHA 706 Final EXAM Module 2

 10 views  0 purchase
  • Course
  • MHA 706
  • Institution
  • MHA 706

MHA 706 Final EXAM Module 2 Conventional Budgeting - CORRECT ANSWER the old budget is the starting point, typically only small changes are made, changes are often airsoft equally bottom-up budgets - CORRECT ANSWER Begin at sub-unit (departmental) level. Are reviewed and compiled by the finan...

[Show more]

Preview 2 out of 8  pages

  • October 14, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MHA 706
  • MHA 706
avatar-seller
GEO888
MHA 706 Final EXAM Module 2


Conventional Budgeting - CORRECT ANSWER the old budget is the starting
point, typically only small changes are made, changes are often airsoft equally

bottom-up budgets - CORRECT ANSWER Begin at sub-unit (departmental)
level.
Are reviewed and compiled by the finance department.
Are approved by senior management.

top-down budgets - CORRECT ANSWER Begin at the finance department with
senior management guidance.
Are sent to the departments for review.

Variance - CORRECT ANSWER difference between the actual results and the
budgeted value

cost allocation - CORRECT ANSWER assign all overhead costs to the
departments that create the need for such costs, typically the patient services
department

cost pool - CORRECT ANSWER Overhead amount to be allocated.
Consists of the direct costs of one overhead department
Internal Rate of Return (IRR) - CORRECT ANSWER expected rate of return,
measures a project's rate (percentage) of return, the discount rate that forces a
project's NPV to equal $0

Modified Internal Rate of Return (MIRR) - CORRECT ANSWER a capital
budgeting method that converts a project's cash flows using a more consistent
reinvestment rate prior to applying the IRR decision rule

Net Present Social Value Model - CORRECT ANSWER total value of a project is
equal to its NPV plus social value

Project scoring - CORRECT ANSWER technique for incorporating both
financial and non financial factors in capital investment decisions

, post-audit - CORRECT ANSWER a formal process for monitoring a project's
performance over time



Charge-to-cost ratio (CCR) - CORRECT ANSWER ties overhead resource
consumption to charges (or revenues)

Relative Value Unit (RVU) - CORRECT ANSWER ties the use of overhead
resources to the complexity and time required for each service as measured by
RVUs

Activity-based costing (ABC) - CORRECT ANSWER A method of cost
accounting designed to identify streams of activity and then to allocate costs
differently in different service lines

price setter - CORRECT ANSWER provider has market dominance and can set
it's own prices

price takers - CORRECT ANSWER perfectly competitive markets, payer
dominance, government programs

Full-cost pricing - CORRECT ANSWER Prices are set to cover all costs
associated with providing a particular service (direct and indirect costs), typically
adds a profit component

marginal cost pricing - CORRECT ANSWER prices for a service are set to
cover incremental, or marginal, costs (generally recovering only direct variable
costs)

target costing - CORRECT ANSWER revenues are projected assuming prices
as given in the marketplace, required profits are subtracted from revenues,
remainder is target cost level

term loan - CORRECT ANSWER a bank loan that lasts for a specific term

term loan examples - CORRECT ANSWER student loans, mortgage

Treasury Bonds - CORRECT ANSWER Bonds issued by the federal government,
sometimes referred to as government bonds.

Corporate Bonds - CORRECT ANSWER bonds issued by for-profit corporations

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller GEO888. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.49
  • (0)
  Add to cart