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Exam-CNML Financial Management Test Questions and Answers 100% Solved
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Exam-CNML Financial Management Test Questions and Answers 100% Solved
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Exam-CNML Financial Management Test Questions andAnswers 100% Solved
Balance Sheet CORRECT ANS-statement of assets, liabilities, and capital of an organization
at a particular point in time
Revenue CORRECT ANS-operating revenue generated from primary business activities
gross operating revenue CORRECT ANS-total revenue earned with no expenses removed
net revenue CORRECT ANS-gross revenue minus all expenses
operating expenses CORRECT ANS-salaries, benefits, non-productive time, overtime,
agency costs, overhead orientation and recruitment costs, minor equipment, supplies, linen,
food, and other contract services
budget variance CORRECT ANS-difference between expected budget targets versus actual
budget results
gross changes CORRECT ANS-amount an organization bills if they are paid in full
, Exam-CNML Financial Management Test Questions and
Answers 100% Solved
breakeven CORRECT ANS-revenue equals expenses
non-operating revenue CORRECT ANS-revenue from services outside the core services
(example - investment income, durable medical equiptment, retail services, joint ventures).
variable costs CORRECT ANS-costs that fluctuate with volume
fixed costs CORRECT ANS-costs that don't fluctuate with volume
market share CORRECT ANS-percentage of total volue for a health system for specific
volumes within a health system as compared with competitors in the same geographical
"market" area
payer mix CORRECT ANS-percentage of revenue received from each payer source
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