CHFP Dumps CHFP Braindumps CHFP Real Questions CHFP Practice Test CHFP Actual Questions Financial CHFP Certified Healthcare Financial Professional (CHFP) - 2023 https://killexams.com/pass4sure/exam-detail/CHFP QUESTION: 294 The structuring of debt relative to equity is called _____________. A. Capital structure decision B. Debt structure decision C. Equity structure decision D. Capitalized decision Answer: A QUESTION: 295 A loan typically issued by a bank that has a maturity of: A. One to ten weeks B. Ten to twelve months C. One to ten months D. One to ten years Answer: D QUESTION: 296 The formula to calculate break-even for capitation is: A. PMPM * Enrollees = (Enrollees - Utilization rate * variable cost / unit) + monthly variable cost B. PMPM * Enrollees = (Enrollees + Utilization rate + variable cost / unit) + monthly fixed cost C. PMPM * Enrollees = (Enrollees * Utilization rate * variable cost / unit) + monthly fixed cost D. PMPM * Enrollees = (Enrollees * Utilization rate + total variable cost) + monthly fixed cost (Where PMPM is per Member per Month) Answer: C QUESTION: 297 The formula to calculate basic break-even equation is: A. Price * Volume = Fixed cost + (variable cost per unit * volume) B. Price + Volume = Fixed cost + (variable cost per unit + volume) C. Price * Volume = variable cost + (variable cost per unit / volume) D. Price - Volume = Fixed cost + (variable cost per unit + volume) Answer: A QUESTION: 298 The break-even equation modified to include desired profit is: A. Price + Volume = Fixed cost + (variable cost per unit + volume) * Desired profit B. Price * Volume = Fixed cost + (variable cost per unit * volume) + Desired profit C. Price * Volume = variable cost + (variable cost per unit / volume) + Desired profit D. Price - Volume = Fixed cost + (variable cost per unit + volume) * Desired profit Answer: B QUESTION: 299 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: A. Cash recording accounting B. Accounting cash flows C. Cash statement of operations D. Cash basis of accounting Answer: D QUESTION: 300 An accounting method that records revenues when earned and resources when used, regardless of cash in or out of the organization is called: A. Accrual basis of accounting B. Accounting Flow C. Modified statement of operations D. Cash basis of accounting Answer: A QUESTION: 301 Which of the following is NOT the disadvantage of accrual basis of accounting? A. keeps track of revenues generated and resources used as well as cash flows B. open to manipulation, by bending accounting rules C. matches revenues with the resources used to generate those revenuers D. the financial statements provide a broader picture of the provider’s operation Answer: B QUESTION: 302 The rules to record a transaction under the accrual basis of accounting includes: A. At least one account must be used to record a transaction. B. After each transaction, the fundamental accounting equation must be balanced. C. Both A & B D. Neither A nor B Answer: B QUESTION: 303 Under accrual basis of accounting, revenues are recognized when earned. A. True B. False Answer: A QUESTION: 304 An asset that, when increased, decreases the value of a related asset on the books is called: A. Controversial asset B. Slender asset C. Contra-asset D. Contracted asset Answer: C QUESTION: 305 ______________ is the contra-asset to properties and equipment and the allowance for uncollectable, which is the contra-asset to accounts receivables. A. Dispersive appreciation B. Depreciation expense C. Depreciated Contra-asset D. Accumulated depreciation Answer: D QUESTION: 306 To find the book value of the fixed asset, the accumulated depreciation is added in the amount of properties and equipment. A. True B. False Answer: A QUESTION: 307 Which represents the assets, liabilities and net assets for a health care provider? A. Accounting cycle B. Balance sheet C. Income statement D. Statement of cash flows Answer: B QUESTION: 308 What represents the difference between unrestricted revenues, gains and other support and expenses? A. Operating expense B. Unrestricted net assets C. Operating income D. Statement of Operations Answer: C QUESTION: 309 What represents the costs that are incurred in the day to day operation of the business? A. Permanent restricted net assets B. Statement of cash flows C. Operating income D. Operating expenses Answer: D QUESTION: 310 What provides information about how much revenue was generated and the amount of resources used to generate those resources? A. Statement of operations B. Statement of cash flows C. Statement of changes in net assets D. 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