Exam (elaborations)

Hcad 760 Exam 2 Questions With Verified Answers.

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HCAD 760

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HCAD 760

Hcad 760 Exam 2 Questions With Verified Answers. Cost allocation - answerassign all overhead costs to the departments that create the need for such costs, typically the patient services department cost pool - answerOverhead amount to be allocated. Consists of the direct costs of one overhead d...

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Uploaded on October 18, 2024
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hcad 760 exam 2 questions with verified answers

Institution HCAD 760
Course HCAD 760

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©SIRJOEL EXAM SOLUTIONS
10/10/2024 11:44 AM

Hcad 760 Exam 2 Questions With Verified
Answers.

Cost allocation - answer✔assign all overhead costs to the departments that create the need for
such costs, typically the patient services department

cost pool - answer✔Overhead amount to be allocated.
Consists of the direct costs of one overhead department

cost driver - answer✔The basis on which a cost pool is allocated; for example, square footage for
facilities costs.

Direct Method - answer✔Cost allocation method in which the costs of each support department
are allocated directly to, and only to, the patient services department

Step-down method - answer✔a cost allocation method that recognizes some of the overhead
services provided by one support department to another

Reciprocal Method - answer✔A method that simultaneously allocates service costs to all user
departments. It gives full consideration to interactions among support departments.

Charge-to-cost ratio (CCR) - answer✔ties overhead resource consumption to charges (or
revenues)

Relative Value Unit (RVU) - answer✔ties the use of overhead resources to the complexity and
time required for each service as measured by RVUs

Activity-based costing (ABC) - answer✔A method of cost accounting designed to identify
streams of activity and then to allocate costs differently in different service lines

price setter - answer✔provider has market dominance and can set it's own prices

price takers - answer✔perfectly competitive markets, payer dominance, government programs

, ©SIRJOEL EXAM SOLUTIONS
10/10/2024 11:44 AM

Full-cost pricing - answer✔Prices are set to cover all costs associated with providing a particular
service (direct and indirect costs), typically adds a profit component

marginal cost pricing - answer✔prices for a service are set to cover incremental, or marginal,
costs (generally recovering only direct variable costs)

target costing - answer✔revenues are projected assuming prices as given in the marketplace,
required profits are subtracted from revenues, remainder is target cost level

term loan - answer✔a bank loan that lasts for a specific term

term loan examples - answer✔student loans, mortgage

Treasury Bonds - answer✔Bonds issued by the federal government, sometimes referred to as
government bonds.

Corporate Bonds - answer✔bonds issued by for-profit corporations

mortgage bond - answer✔a bond secured by a lien on real property

debenture bonds - answer✔Bonds that are unsecured (i.e., not backed by any collateral such as
equipment).

municipal bonds - answer✔tax-exempt bonds issued by state and local governments

Current Ratio - answer✔measures liquidity and determines whether an organization can pay
back its debt

Debt Contracts - answer✔contain general provisions (maturity, type of debt, interest rate and
type), type of debt, restrictive covenants, and trustee designation

call provision - answer✔permits the borrower to redeem (pay back) the debt prior to maturity

Flexibility - answer✔issuers may want callability because it provides ________________

impact of call provisions for lenders - answer✔helps avoid some riskiness because they can take
advantage of lower market interest rates

impact of call provisions for borrowers - answer✔increases the risk of debt financing

Bond Ratings - answer✔debt ratings that reflect the probability of default

speculative bonds - answer✔sometimes called junk bonds, have a higher probability of default,
and thus a higher rate of interest. These bonds would be attractive to investors who have a high

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