NAB RCAL Exam Study Questions and Answers Top Graded 2024
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Course
NAB RCAL.
Institution
NAB RCAL.
Breakeven Point? - ANSWERS-total cost = total revenue
Working capital ratio - ANSWERS-current assets / current liabilities
Acid-test (quick) ratio - ANSWERS-(cash + AR + short-term investments) / current liabilities
debt to assets ratio - ANSWERS-total liabilities/total assets
FTE (full...
Accrual Basis Accounting - ANSWERS-reporting income when it is earned and
expenses when they are incurred
Cash Basis Accounting - ANSWERS-Reporting income when the cash is received and
expenses when the cash is paid.
LLC (Limited Liability Company) - ANSWERS-Limited liability, pass through income
taxation, flexibility
S corporation - ANSWERS-A unique government creation that looks like a corporation
but is taxed like sole proprietorships and partnerships
Net Worth Formula - ANSWERS-Assets - Liabilities
Dementia Living Environment - ANSWERS-Residential living with clinical aspects. safe,
quiet, secured
Effective Claims Management for working with insurance agencies - ANSWERS-
components of the claims handling process include developing strategies to cut costs
and reduce fraud while keeping customers satisfied
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