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WGU C428 Financial Resource Management in Healthcare Bundle
WGU C428 Financial Resource Management in Healthcare Bundle
[Show more]WGU C428 Financial Resource Management in Healthcare Bundle
[Show more]A medical center is expanding its hospital staff to accommodate the increasing number of flu cases seen over the past weeks. 
 
Which type of finance activity is described in this scenario? 
 
Cost 
Cash 
Capital 
Control - Answer Cost 
 
A healthcare organization's senior finance leader is respons...
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Add to cartA medical center is expanding its hospital staff to accommodate the increasing number of flu cases seen over the past weeks. 
 
Which type of finance activity is described in this scenario? 
 
Cost 
Cash 
Capital 
Control - Answer Cost 
 
A healthcare organization's senior finance leader is respons...
Costs 
Cash 
Capital 
Control - Answer Finance within a healthcare organization can be condensed into the "four Cs": 
 
Treasurer - Answer The finance department manager who handles capital acquisition, investment management, and risk management activities 
 
Comptroller - Answer The finance depar...
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Add to cartCosts 
Cash 
Capital 
Control - Answer Finance within a healthcare organization can be condensed into the "four Cs": 
 
Treasurer - Answer The finance department manager who handles capital acquisition, investment management, and risk management activities 
 
Comptroller - Answer The finance depar...
Accounting - Answer The measure and recording of events that reflect the operations, assets, expenses, and other financing of an organization. 
 
Breakeven Analysis - Answer Determines the point when the investment in the project will generate a positive return. 
 
Business Manager or SBU Manager - ...
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Add to cartAccounting - Answer The measure and recording of events that reflect the operations, assets, expenses, and other financing of an organization. 
 
Breakeven Analysis - Answer Determines the point when the investment in the project will generate a positive return. 
 
Business Manager or SBU Manager - ...
Direct Costs - Answer Costs that can be specifically identified with a particular project or activity. 
 
Direct Labor - Direct Materials - Manufacturing Supplies 
 
Indirect Costs - Answer Costs that are the result of general operations and are not directly tied to any specific project or activity ...
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Add to cartDirect Costs - Answer Costs that can be specifically identified with a particular project or activity. 
 
Direct Labor - Direct Materials - Manufacturing Supplies 
 
Indirect Costs - Answer Costs that are the result of general operations and are not directly tied to any specific project or activity ...
ROE (Return on Equity) - Answer Net Profit ÷ Total Equity 
 
ROA (Return on Total Assets) - Answer Net Income/Total Assets 
 
GPR (Gross Profit Ratio) - Answer gross profit divided by net sales (100) 
 
NPR (Net Profit Ratio) - Answer Net Profit After Tax/Net Sales (100) 
 
TM (Total Margin) - Answ...
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Add to cartROE (Return on Equity) - Answer Net Profit ÷ Total Equity 
 
ROA (Return on Total Assets) - Answer Net Income/Total Assets 
 
GPR (Gross Profit Ratio) - Answer gross profit divided by net sales (100) 
 
NPR (Net Profit Ratio) - Answer Net Profit After Tax/Net Sales (100) 
 
TM (Total Margin) - Answ...
Total Profit Margin - Answer Net Income/Total Revenue. 
 
Measures the ability to control expenses (dollars of income per dollar of revenue) 
Higher the Total Margin, the lower the expenses relative to revenues 
Total Margin is lower than the industry average = indicating the expenses are higher th...
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Add to cartTotal Profit Margin - Answer Net Income/Total Revenue. 
 
Measures the ability to control expenses (dollars of income per dollar of revenue) 
Higher the Total Margin, the lower the expenses relative to revenues 
Total Margin is lower than the industry average = indicating the expenses are higher th...
vertical analysis - Answer expresses each item in a financial statement as a percentage of the same base amount 
 
Quick Ratio - Answer (Current Assets - Inventory) / Current Liabilities 
 
Current Ratio Equation - Answer current assets divided by current liabilities (Good is in-line/slightly better...
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Add to cartvertical analysis - Answer expresses each item in a financial statement as a percentage of the same base amount 
 
Quick Ratio - Answer (Current Assets - Inventory) / Current Liabilities 
 
Current Ratio Equation - Answer current assets divided by current liabilities (Good is in-line/slightly better...
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