CNML Financial Management Questions and Correct Verified Answers Latest Version
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Course
CNML
Institution
CNML
Balance Sheet
statement of assets, liabilities, and capital of an organization at a
particular point in time
Revenue
operating revenue generated from primary business activities
gross operating revenue
total revenue earned with no expenses removed
net revenue
gross revenue minus all ex...
✓ salaries, benefits, non-productive time, overtime, agency costs,
overhead orientation and recruitment costs, minor equipment,
supplies, linen, food, and other contract services
budget variance
✓ difference between expected budget targets versus actual budget
results
gross changes
✓ amount an organization bills if they are paid in full
breakeven
✓ revenue equals expenses
non-operating revenue
✓ revenue from services outside the core services (example - investment
income, durable medical equiptment, retail services, joint ventures).
variable costs
✓ costs that fluctuate with volume
Master01 | September, 2024/2025 | Latest update
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