Exam (elaborations)
NAB RCAL EXAM QUESTIONS AND ANSWERS
- Course
- Institution
NAB RCAL EXAM QUESTIONS AND ANSWERS
[Show more]
Content preview
NAB RCAL EXAM QUESTIONS ANDANSWERS
Breakeven Point? - Answer-total cost = total revenue
Working capital ratio - Answer-current assets / current liabilities
Acid-test (quick) ratio - Answer-(cash + AR + short-term investments) / current liabilities
debt to assets ratio - Answer-total liabilities/total assets
FTE (full time equivalent) - Answer-total number of hours per employee in a week / 40
(i.e. 12+14+40+30 div. by 40)
Profit margin - Answer-NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross
prof margin and net prof margin)
Net Operating Income (NOI) - Answer-Total (gross) Revenue - operating expenses
Occupancy rate - Answer-(# of resident days/facility beds) x 365
HCS - Answer-Hazard Communication Standard. OSHA standard requiring employers
to inform workers of potentially hazardous chemicals.
Balance sheet formula - Answer-Assets = Liabilities + Shareholders Equity
EBITDA - Answer-Earnings before interest, taxes, depreciation, and amortization
Amortization - Answer-the reduction of a loan balance through payments made over a
period of time
revenue cycle management - Answer-resident needs->service planning->staffing-
>billing/collections->
FICA SS Tax and Medicare Tax - Answer-6.2% and 1.45%
4 elements of a valid contract - Answer-agreement, consideration, contractual capacity,
legality (in writing) "ACCL"
Liability insurance usually covers.. - Answer-Bodily injury and property damage
Lock out tag out - Answer-For all electrical equipment
safe electrical practices - Answer-National Electrical Code or NEC
, Following NFPA Life Safety Code - Answer-fire plan, regular fire drills, detectors,
training on procedure, non combustable furnishing/draperies
Extinguisher class A - Answer-ordinary combustibles such as wood/paper
Extinguisher Class B - Answer-For flammable liquids and gas fires (grease, paint)
Extinguisher class C - Answer-Live electrical equipment (panelling)
Extinguisher class D - Answer-Combustable metals (aluminum)
Extinguisher class K - Answer-Commercial cooking equipment (cooking oil, animal fats)
PASS (Fire Safety) - Answer-P - Pull the pin.
A - Aim at the base of the fire, not at the flames.
S - Squeeze the lever.
S - Sweep the nozzle from side to side.
R.A.C.E. (Fire safety) - Answer-rescue, alarm, contain, extinguish
Accrual Basis Accounting - Answer-reporting income when it is earned and expenses
when they are incurred
Cash Basis Accounting - Answer-Reporting income when the cash is received and
expenses when the cash is paid.
LLC (Limited Liability Company) - Answer-Limited liability, pass through income
taxation, flexibility
S corporation - Answer-A unique government creation that looks like a corporation but is
taxed like sole proprietorships and partnerships
Net Worth Formula - Answer-Assets - Liabilities
Dementia Living Environment - Answer-Residential living with clinical aspects. safe,
quiet, secured
Effective Claims Management for working with insurance agencies - Answer-
components of the claims handling process include developing strategies to cut costs
and reduce fraud while keeping customers satisfied
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller biggdreamer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now