LSUS MHA 706 MIDTERM EXAM 2024/FINANCIAL
MANAGEMENT MIDTERM/ LATEST 2024 WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100%
The major provisions of the Patient Protection & Affordable Care Act of 2010 were?
-Banning of preexisting condition coverage limitations
-Free preventative care
-Medicaid expansion
Depreciation expense is best explained by what...
Expense Matching Principle
The amount of taxes saved by depreciation is called the...
Depreciation tax shield
In a not-for-profit corporation...
the entire amount of net income is reinvested in the business.
Inventories
Current Assets
,Accrued Expenses
Current Liabilites
Accounts Payable
Current Liabilities
Fixed Assets
Net Property and Equipment
Net Patient Accounts Receivable
Current Assets
Debt Instruments with financing greater than one year
Long-Term Debt
A balance sheet contains information about an organizations...
-Liabilities
-Equity
-Assets
Examples of common current liabilities are...
-Accrued Expenses
-Accounts Payable
, -Notes Payable
Categories that are part of the Statement of Cash Flows
-Financing Activities
-Operating Activities
-Investing Activities
Because current assets are expected to be quickly converted to cash, they are important to an
organizations...
Liquidity
Liabilities represent claims against an organization's assets that are fixed by contract. In other words,
liabilities are considered...
Financial Obligations
When a not-for-profit subtracts all its total liabilities from its assets, whatever remains are the
organization's...
Net assets
The basic accounting equation is Assets = Liabilities - Equity
False
Long-term debt is defined as debt financing with maturities greater than 180 days.
False
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