Exam (elaborations)
Exam-CNML Financial Management Test Questions and Answers 100% Solved
- Course
- Institution
Exam-CNML Financial Management Test Questions and Answers 100% Solved
[Show more]
Content preview
Exam-CNML Financial Management Test Questions andAnswers 100% Solved
Balance Sheet CORRECT ANS-statement of assets, liabilities, and capital of an organization
at a particular point in time
Revenue CORRECT ANS-operating revenue generated from primary business activities
gross operating revenue CORRECT ANS-total revenue earned with no expenses removed
net revenue CORRECT ANS-gross revenue minus all expenses
operating expenses CORRECT ANS-salaries, benefits, non-productive time, overtime,
agency costs, overhead orientation and recruitment costs, minor equipment, supplies, linen,
food, and other contract services
budget variance CORRECT ANS-difference between expected budget targets versus actual
budget results
gross changes CORRECT ANS-amount an organization bills if they are paid in full
, Exam-CNML Financial Management Test Questions and
Answers 100% Solved
breakeven CORRECT ANS-revenue equals expenses
non-operating revenue CORRECT ANS-revenue from services outside the core services
(example - investment income, durable medical equiptment, retail services, joint ventures).
variable costs CORRECT ANS-costs that fluctuate with volume
fixed costs CORRECT ANS-costs that don't fluctuate with volume
market share CORRECT ANS-percentage of total volue for a health system for specific
volumes within a health system as compared with competitors in the same geographical
"market" area
payer mix CORRECT ANS-percentage of revenue received from each payer source
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 GOLDTUTORS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now