CHFP Dumps CHFP Braindumps
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Certified Healthcare Financial Professional (CHFP)
- 2023
https://killexams.com/pass4sure/exam-detail/CHFP
The structuring of debt relative to equity is called .
Capital structure decision
Debt structure decision
Equity structure decision
Capitalized decision
A loan typically issued by a bank that has a maturity of:
One to ten weeks
Ten to twelve months
One to ten months
One to ten years
The formula to calculate break-even for capitation is:
PMPM * Enrollees = (Enrollees - Utilization rate * variable cost / unit) + monthly variable cost
PMPM * Enrollees = (Enrollees + Utilization rate + variable cost / unit) + monthly fixed cost
PMPM * Enrollees = (Enrollees * Utilization rate * variable cost / unit) + monthly fixed cost
PMPM * Enrollees = (Enrollees * Utilization rate + total variable cost) + monthly fixed cost (Where PMPM is per Member per Month)
The formula to calculate basic break-even equation is:
Price * Volume = Fixed cost + (variable cost per unit * volume)
Price + Volume = Fixed cost + (variable cost per unit + volume)
Price * Volume = variable cost + (variable cost per unit / volume)
Price - Volume = Fixed cost + (variable cost per unit + volume)
The break-even equation modified to include desired profit is:
Price + Volume = Fixed cost + (variable cost per unit + volume) * Desired profit
Price * Volume = Fixed cost + (variable cost per unit * volume) + Desired profit
Price * Volume = variable cost + (variable cost per unit / volume) + Desired profit
Price - Volume = Fixed cost + (variable cost per unit + volume) * Desired profit
An accounting method that tracks when cash was received and when cash was expended, regardless of when services were provided or resources were used is called:
Cash recording accounting
Accounting cash flows
Cash statement of operations
Cash basis of accounting
An accounting method that records revenues when earned and resources when used, regardless of cash in or out of the organization is called:
Accrual basis of accounting
Accounting Flow
Modified statement of operations
Which of the following is NOT the disadvantage of accrual basis of accounting?
keeps track of revenues generated and resources used as well as cash flows
open to manipulation, by bending accounting rules
matches revenues with the resources used to generate those revenuers
the financial statements provide a broader picture of the provider’s operation
The rules to record a transaction under the accrual basis of accounting includes:
At least one account must be used to record a transaction.
After each transaction, the fundamental accounting equation must be balanced.
Both A & B
Neither A nor B
Under accrual basis of accounting, revenues are recognized when earned.
True
False
An asset that, when increased, decreases the value of a related asset on the books is called:
Controversial asset
Slender asset
Contra-asset
Contracted asset
is the contra-asset to properties and equipment and the allowance for uncollectable, which is the contra-asset to accounts receivables.
Dispersive appreciation
Depreciation expense
Depreciated Contra-asset
Accumulated depreciation
To find the book value of the fixed asset, the accumulated depreciation is added in the amount of properties and equipment.
True
False
Which represents the assets, liabilities and net assets for a health care provider?
Accounting cycle
Balance sheet
Income statement
Statement of cash flows
What represents the difference between unrestricted revenues, gains and other support and expenses?
Operating expense
Unrestricted net assets
Operating income
Statement of Operations
What represents the costs that are incurred in the day to day operation of the business?
Permanent restricted net assets
Statement of cash flows
Operating income
Operating expenses
What provides information about how much revenue was generated and the amount of resources used to generate those resources?
Statement of operations
Statement of cash flows
Statement of changes in net assets
None of the above
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