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NAB RCAL EXAM QUESTIONS AND ANSWERS
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NAB RCAL EXAM QUESTIONS ANDANSWERS
Breakeven point? - ANSWER total cost equals total revenue
Working capital ratio: current assets / current liabilities.
Acid-test (quick) ratio: ANSWER (cash + AR + short-term investments) /
current liabilities.
The debt-to-asset ratio is calculated as total liabilities divided by total assets.
FTE (full-time equivalent) - ANSWER total amount of hours per employee in a
week / 40 (i.e. 12 + 14 + 40 + 30 divided by 40)
Profit margin - NOI/Total Revenue. Defined as "income to sales." There are two
types: gross profit margin and net profit margin.
Net Operating Income (NOI) - ANSWER Total (gross) Revenue minus
operating expenses
Occupancy rate - ANSWER (number of resident days/beds) x 365
HCS - ANSWER Hazard Communication Standard. The OSHA regulation
requires companies to notify employees about potentially harmful chemicals.
Balance sheet formula - ANSWER Assets equal liabilities plus shareholder
equity.
, EBITDA - Answer Earnings before interest, taxes, depreciation and
amortization
Amortization is the decrease of a loan debt by payments made over time.
ANSWER: resident needs->service planning->staffing->billing/collections.
FICA, Social Security, and Medicare taxes are 6.2% and 1.45%, respectively.
ANSWER agreement, consideration, contractual capacity, and legality (in
writing) "ACCL"
Liability insurance typically covers... - ANSWER Personal injury and property
damage
ANSWER: Lock out and tag out all electrical equipment.
ANSWER: National Electrical Code (NEC)
Following the NFPA Life Safety Code - ANSWER fire plan, regular fire drills,
detectors, training on the procedure, non-combustible furnishings/draperies
Extinguisher class A - ANSWER common combustibles such as wood or paper.
Extinguisher Class B - ANSWER For flammable liquid and gas fires (grease,
paint).
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