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NAB RCAL Exam Study Guide 2023 Complete Solution
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NAB RCAL Exam Study Guide 2023 Complete Solution
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1 / NAB RCAL Exam Study Guide1.Breakeven Point?: total cost = total revenue
2.Working capital ratio: current assets / current liabilities
3.Acid-test (quick) ratio: (cash + AR + short-term investments) / current liabilities
4.debt to assets ratio: total liabilities/total assets
5.FTE (full time equivalent): total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40)
6.Profit margin: NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and net prof margin)
7.Net Operating Income (NOI): Total (gross) Revenue - operating expenses .Occupancy rate: (# of resident days/facility beds) x 365
9.HCS: Hazard Communication Standard. OSHA standard requiring employers to inform workers of potentially hazardous chemicals.
10.Balance sheet formula: Assets = Liabilities + Shareholders Equity
11.EBITDA: Earnings before interest, taxes, depreciation, and amortization
12.Amortization: the reduction of a loan balance through payments made over a period of time
13.revenue cycle management: resident needs->service plan- ning->staffing->billing/collections->
14.FICA SS Tax and Medicare Tax: 6.2% and 1.45% .4 elements of a valid contract: agreement, consideration, contractual
capac- ity, legality (in writing) "ACCL"
16.Liability insurance usually covers..: Bodily injury and property damage
17.Lock out tag out: For all electrical equipment
18.safe electrical practices: National Electrical Code or NEC
19.Following NFPA Life Safety Code: fire plan, regular fire drills, detectors, training on procedure, non combustable furnishing/draperies
20.Extinguisher class A: ordinary combustibles such as wood/paper
21.Extinguisher Class B: For flammable liquids and gas fires (grease, paint)
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