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1. Aggressive working capital policy: (Points : 5)

May increase the entity's return, but it also increases the risk Calls for maintaining high cash balances on hand Leads to increased interest costs incurred by having to take on additional debt to meet short-term obligations All of the above

Question 2.2. A firm has the following accounts: Net patient revenue = $1,500,000 Supply expense = $200,000 Depreciation expense = $100,000 Salaries and benefits = $700,000 Other expenses = $200,000 Net accounts receivable = $150,000 What is the net income for the period? (Points : 5)

$150,000 $50,000 $500,000 $850,000

Question 3.3. A hospital issues $20 million in bonds and $60 million in equity to finance a new project. Its targeted debt to equity ratio is: (Points : 5)

50% 33% 200% 300%

Question 4.4. Which of the following statements about accounts receivable and inventory is true? (Points : 5)

They are both considered current assets They are both considered expenses They are both excluded from current assets They are both considered current liabilities Total revenue outpaces total avoidable fixed costs

Question 5.5. The breakeven point occurs where: (Points : 5)

Total fixed costs and total revenue intersect Revenue minus variable cost minus fixed cost = 0 Total profit margin and total costs intersect Total variable costs and total revenue intersect Total revenue outpaces total avoidable fixed costs

Question 6.6. A statement that reports the revenues minus expenses of an entity is called: (Points : 5)

Income statement Statement of retained earnings Balance sheet Report of management Statement of cash flows

Question 7.7. An imaging center has the following information: Revenue per test: $225 Variable cost per test: $150 Total fixed costs: $225,000 Estimated number of tests = 3,500 Calculate the a) Contribution Margin; b) Total dollar contribution margin; and, c) Contribution Margin percentage.

8. Your hospital has the following revenue for the months of July-September: July $3,000,000 August $2,500,000 September $4,000,000. If 30% of the month's revenue is collected in the same month, 40% is collected in the second month and 30% is collected in the third month, how much of July's revenue is collected in August?

9. Accounts receivables can constitute more than 50% of a healthcare organization's current assets. Managing accounts receivables is critical to the cash flow of the organization. If you were a billing manager what should you consider when implementing credit and collection policies? (Hint: Provide an example of a financial report then explain in detail the steps in the financial analysis process).

10. Provide an example of a financial report and then explain in detail the steps in the financial analysis process.

11. A competitive hospital maintains current equipment and purchases new in order to stay current with the latest technology. If you were evaluating the capital budget performance of a hospital what factors would you consider justifying taking on more debt to purchase new equipment for a surgical unit?

12. Explain in detail some of the biggest environmental challenges of the future for healthcare financial managers.