Lesson 6 & 7 Exam HE420

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Ashworth College *

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HE420

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Finance

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Apr 3, 2024

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Lesson 6 & 7 Exam HE420 Mar 27, 2024 80 / 100 - 80 % 80 / 100 - 80 % 2.5 / 2.5 points Stock exchanges exist to trade the stock of: Question options: publicly held companies. both privately and publicly held companies. privately held companies. closely held stock. Question 2 2.5 / 2.5 points Benchmarks are typically used to measure: Question options: performance gaps. salary adjustments. capital improvements. employee satisfaction. Question 3 2.5 / 2.5 points Alpine County is planning to issue thirty-year bonds for a new capital project. The bonds will be backed by the full taxing authority of the county, and by its "full faith and credit." These bonds are therefore: Question options: general obligation bonds. revenue bonds. mortgage bonds. debentures.

Question 4 2.5 / 2.5 points __________ cost is determined by dividing the cost of goods available for sale by the number of units available. Question options: Estimated Start-up Indirect Weighted average Question 5 2.5 / 2.5 points The type of benchmarking analysis where the characteristics or attributes of similar services are examined is known as ________ analysis. Question options: parametric variance sensitivity trend Question 6 2.5 / 2.5 points Debentures are bonds that are: Question options: backed by real property (real estate). backed by cash equivalents. backed by revenues earned by the issuing company. secured

Question 7 0 / 2.5 points An individual or organization that buys bonds issued by a company typically becomes the company's: Question options: creditor. investor. bondholder. stockholder. Question 8 0 / 2.5 points An individual or organization that buys stock in a company becomes the company's: Question options: creditor. investor. bondholder. stockholder. Question 9 2.5 / 2.5 points A small company with common stock that is not traded: Question options: is known as a privately-held company. is known as a public company. may be listed on a stock exchange. is the reason stock exchanges exist.

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Question 10 2.5 / 2.5 points Investments should be recorded: Question options: as current assets. on a balance sheet. as long-term assets. all of the above. Question 11 2.5 / 2.5 points Bonds: Question options: are assets to the issuing company. are liabilities to the issuing company. will accrue interest for the benefit of the issuing company. are short-term contracts. Question 12 2.5 / 2.5 points The Brown and Bishop physician group, a limited liability corporation (LLC), owes $800,000 in debt and has $200,000 in partner's equity. The LLC's capital structure, or debt-equity relationship, is therefore: Question options: 8-to-2. 2-to-8. 80-20. 20-80. Question 13 0 / 2.5 points Which of the following is NOT one of the four common uses of estimates?

Question options: Excess data Timeless considerations Cost/Benefit considerations Internal monthly statements Question 14 2.5 / 2.5 points "Capital" represents the financial structure of the organization. It is generally considered to be: Question options: debt. a combination of debt and equity. a combination of equity and assets. equity. Question 15 2.5 / 2.5 points __________ is a type of stock that can be exchanged for common shares. Question options: Convertible preferred Common Preferred Closely-held 2.5 / 2.5 points

Question 16 The Andrews and Anderson physician practice partnership owes $400,000 in debt and has $600,000 in partner's equity. The partnership's capital structure, or debt-equity relationship, is therefore: Question options: 2-to-3. 3-to-2. 60%. 40-60. Question 17 2.5 / 2.5 points To report using quartiles, results must first be divided into: Question options: eight groups. four groups. three groups. two groups. Question 18 2.5 / 2.5 points Stock warrants: Question options: do not pay dividends. pay dividends. do not allow the owner the purchase additional shares of stock in the company. are often awarded to entry-level employees. Question 0 / 2.5 points

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19 "Closely held stock" represents stock that is owned by a company that: Question options: is traded on the stock exchange. is not traded on the stock exchange. listed on the stock exchange. is public. Question 20 2.5 / 2.5 points A Pareto diagram: Question options: has two vertical axes and one horizontal axis. has two horizontal axes and one vertical axis. is difficult to construct. displays the effects of variation. Question 21 2.5 / 2.5 points Information about patients who will use the service is located in the plan's __________ segment. Question options: organization marketing financial management Question 22 2.5 / 2.5 points ____________ expense is a necessary assumption when calculating comparative cash flow for a for-profit company. Question options:

Interest Depreciation Equipment Labor Question 23 2.5 / 2.5 points An equipment lease that is not treated as a purchase because it does not meet all the purchase criteria is then treated as a rental. Rental lease payments are recorded: Question options: as an asset. as an operating expense. on a balance sheet. as capitalized. Question 24 2.5 / 2.5 points Within the business plan, a discussion of who may use the service belongs in the __________ segment. Question options: organization marketing financial management Question 25 2.5 / 2.5 points The physical location where the service will be provided is information located in the plan's ____________ segment.

Question options: organization marketing financial management Question 26 2.5 / 2.5 points The Eastern Home Health Agency is owned by Betty and Fred Jones. The Joneses are composing a mission statement to be placed on Eastern's web site. We should expect the overall content of this organization's mission statement to be: Question options: broadly charitable. generally proprietary. boastful. containing advertising phrases about the agency. Question 27 0 / 2.5 points Capitalizing an equipment lease means the equipment must be recorded on the books of the organization as: Question options: a purchase. an expense of current operations. a contract. lease-purchase. Question 28 0 / 2.5 points

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________________ cash flow of for-profit versus not-for-profit will generally (but not always) be taken into account in comparative proposals for funding. Question options: Comparative Net Tax savings on Tax effect on Question 29 0 / 2.5 points The physical location of the proposed equipment is information located in the plan's _________ segment. Question options: organization financial marketing managment Question 30 2.5 / 2.5 points "Initiatives," "targets," and "operational plans" are alternative terms that apply to which of the following components of a strategic plan? Question options: Goals Objectives Action plans

Vision statement Question 31 2.5 / 2.5 points Cash reserves on the Tri-State Medical Equipment Corporation's balance sheet presently amount to $111,200. When Tri-State pays cash for twenty percent of the purchase price of the new delivery truck, the cash payment will: Question options: increase the company's cash reserves. decrease cash on the balance sheet. require an entry on the Statement of Retained Earnings. require an entry to the Reserve for Depreciation on the Income Statement. Question 32 2.5 / 2.5 points The Hilltop Home Health Agency is part of the not-for-profit Mountainview Retirement Community complex. Hilltop is reviewing and updating its old mission statement. We should expect the overall content of this organization's mission statement to be: Question options: broadly charitable in nature. generally proprietary in nature. lengthy. containing advertising phrases about the retirement community. Question 33 2.5 / 2.5 points An IT Management Accountability Report is illustrated within the

"VA Planning Cycle's Process Flow" example. How often does the Accountability Report in this example have to be submitted? Question options: At the end of each 5-year planning cycle At the end of each 3-year planning cycle By the annual end of each fiscal year Every six months Question 34 2.5 / 2.5 points The Tri-State Medical Equipment Corporation purchases a large new delivery truck and finances eighty percent of the purchase. Entering this transaction on the books of the company should properly involve recording: Question options: an asset on the balance sheet. a liability on the cash flow statement. both an asset and a liability on the balance sheet. an entry to the reserve for depreciation on the income statement. Question 35 2.5 / 2.5 points Regulatory impact and/or regulatory requirements should be included in the: Question options: service or equipment description. financial segment. organization segment. marketing segment. Question 2.5 / 2.5

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36 points The department responsible for the budget is information located in the plan's ________ segment. Question options: organization marketing financial management Question 37 2.5 / 2.5 points The process of recording equipment acquired through a contract-to- purchase is called "_______" the lease. Question options: acquiring depreciating capitalizing creating Question 38 2.5 / 2.5 points In the chapter about owning versus leasing, one set of examples compares the cost of owning versus the cost of leasing for Southside Clinic, a not- for-profit organization. The net advantage to owning (versus leasing) for Southside amounted to $676. The difference between the two methods of financing: Question options: is very small. may be considered as a nearly neutral comparison between the two methods. may be disregarded. all of the above.

Question 39 2.5 / 2.5 points The physicians who will use the service or the equipment represents information located in the plan's __________ segment. Question options: organization marketing financial management Question 40 0 / 2.5 points When computing the cost of owning: a necessary step in calculating net cash flow may be: D including the equipment rental price. Question options: calculating the tax savings from depreciation expense. calculating the tax savings from leasing expense. including the equipment purchase price.