Hcm 416 - Study guides, Class notes & Summaries

HCM 416 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS What are the 4 finance activities? (i.e the 4 C's) Cost minimization Cash sufficiency Capital access Control 4 major categories of business organizations Proprietorship Partnership Corporation Hybrid forms Advantages of proprietorships/partnerships Ease of formation Subject to few regulations No corporate income taxes Disadvantages of proprietorships/partnerships Limited life Difficult to transfer ownership Unlimit...

HCM 416 FINAL EXAM 2024/2025 QUESTIONS AND ANSWERS WITH COMPLETE 100% VERIFIED SOLUTIONS fixed cost- contribution margin per unit break even volume= revenues-variable cost contribution margin= (Budgeted volume x budgeted price) - (Actual volume x actual price) total variance= Actual volume x (Actual price - budgeted price) price variance= hourly rate x 2080 x benefit rate salary and benefits cost= Clinic visits per weekday x number of days in operation x variable salary cost per vis...

HCM 416 MIDTERM EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ a right to company product discounts Pick the answer that does NOT belong. Stockholders have.... false A not-for-profit corporation can also be called a 529(b). true The primary goal of investor-owned corporations is shareholder wealth maximization. To reduce coverage for 10 essential health benefits What was NOT one of the major provisions of the Patient Protection and Affordable Care Act of 2010? A mobi...

HCM 416 CHAPTER 4 QUIZ AND VERIFIED ANSWERS LATEST UPDATE Please select all the correct answers. A balance sheet contains information about an organization's a) Net Income b) Assets c) Liabilities d) Equity B, C & D Assets, Liabilities, and Equity This is a true/false question. The basic accounting equation is Assets = Liabilities - Equity a) True b) False b) False Assets = Liability + Equity

HCM 416 FINAL STUDY GUIDE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED What are the formulas for volume variance? Volume Variance = Static costs − Flexible costs What method of cost allocation recognizes no intrasupport department services? Direct Winston Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 1...

HCM 416 QUESTIONS AND VERIFIED ANSWERS 2024/2025 Which of the following statements about finance, accounting, and financial management is most correct? a) Accounting is of no value in decision making. b) Financing management is of no value in decision making. c) Financial management is just the reporting of past organizational activities. d) Financial management provides the theory, concepts, and tools necessary to help managers make better financial decisions d) Financial management p...

HCM 416 CHAPTER 2 QUIZ AND ANSWERS VERIFIED For insurance to "work," it must have these basic characteristics. Select all answers that apply. a)Nice office building b) Payment only for random (unforeseen and unexpected) losses c) Risk transfer d) Pooling of losses B,C, & D *Payment only for random (unforeseen and unexpected) losses *Risk transfer *Pooling of losses Which one of these answers, is NOT a problem that arises when dealing with insurance? a) Adverse selection b...

HCM 416 CHAPTER 5 QUIZ EXAM AND ANSWERS VERIFIED GRADED A++ Fixed Costs Cost that are independent of volume. Variable Costs Costs that are dependent on volume. Semi-fixed Costs that partially depend on volume. Long-Run All costs are variable in the long run. Even fixed costs are not finite. Cost-volume profit (CVP) analysis is also called... a) Profit Analysis b) Total Margin c) Fixed Costs d) Break-even analysis a) Profit Analysis The Contribution Margin is defined as the diffe...

HCM 416 FINAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ Price Variance An unfavorable budget varience, due to an unexpectedly high inflation rate seen in a supply. This would be classified as what category of varience? True T/F Budget allocations should be determined or at least influenced by the firms long-term goals and objectives for the coming year. Drugs What is an example of variable cost? Square Footage Of the following allocation drivers, which one would be ...

HCM 416 CH 14 QUIZ AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ Capital budgeting decisions are ..... the acquisition of land, buildings and equipment very important managerial decisions can involve large sums of money are costly to reverse define the strategic direction of the business All of these Proposed projects are classified according to.... purpose and size These are the steps associated with capital budgeting financial analysis. Estimate - the cash flows T...