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HSA 464 midterm Questions and Answers
(100% Correct Answers) Already Graded A+
The real key to understanding finance is Ans: the elements of finance
and their relationship with each other
Managerial accounting is considered to be Ans: both prospective and
retrospective
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Inventory land cash and accounts receivable are all examples of Ans:
assets
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Net Worth Ans: What the business is worth, net of liabilities
What are the segments that make a healthcare financial system work
Ans: original records, info systems, accounting systems, reporting systems
Contractual allowances may be entered on the books of hospital and
private practice offices Ans: true
Revenue flows into the organization (inflow) and is sometimes referred to
as the revenue Ans: stream
In case of non-profit orgs, does the outflow of expenses increase or
decrease fund balance Ans: decrease
Another term for responsibility center is Ans: profit center
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Direct costs can be traced while indirect costs have to be allocated
Ans: true
If the full establish rate is $1000 and agreed upon contractual rate to be
paid is $800, then the $200 difference is recorded on the books of the
organization Ans: contractual allowance
Contractual allowances are difference between agreed upon
contractual rate that will be paid and the full Ans: established rate
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Expenses in their broadest sense are Ans: Expired costs consumed while
carrying on business
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Most frequent pattern of semi variable costs is the step pattern Ans: true
The contribution margin is computed by subtracting variable cost from
net revenues Ans: true
If the contribution main is expressed as a percentage of net revenues, it
is often called Ans: profit volume ratio
As number of patients goes up, fixed costs go Ans: down
The break-even point is the point when the contribution margin equals
Ans: fixed costs
Book depreciation is the depreciation expense recorded in the financial
accounting records and reflected on the financial statements Ans: true
1
HSA 464 midterm Questions and Answers
(100% Correct Answers) Already Graded A+
The real key to understanding finance is Ans: the elements of finance
and their relationship with each other
Managerial accounting is considered to be Ans: both prospective and
retrospective
© 2026 Assignment Expert
Inventory land cash and accounts receivable are all examples of Ans:
assets
Guru01 - Stuvia
Net Worth Ans: What the business is worth, net of liabilities
What are the segments that make a healthcare financial system work
Ans: original records, info systems, accounting systems, reporting systems
Contractual allowances may be entered on the books of hospital and
private practice offices Ans: true
Revenue flows into the organization (inflow) and is sometimes referred to
as the revenue Ans: stream
In case of non-profit orgs, does the outflow of expenses increase or
decrease fund balance Ans: decrease
Another term for responsibility center is Ans: profit center
, For Expert help and assignment handling,
2
Direct costs can be traced while indirect costs have to be allocated
Ans: true
If the full establish rate is $1000 and agreed upon contractual rate to be
paid is $800, then the $200 difference is recorded on the books of the
organization Ans: contractual allowance
Contractual allowances are difference between agreed upon
contractual rate that will be paid and the full Ans: established rate
© 2026 Assignment Expert
Expenses in their broadest sense are Ans: Expired costs consumed while
carrying on business
Guru01 - Stuvia
Most frequent pattern of semi variable costs is the step pattern Ans: true
The contribution margin is computed by subtracting variable cost from
net revenues Ans: true
If the contribution main is expressed as a percentage of net revenues, it
is often called Ans: profit volume ratio
As number of patients goes up, fixed costs go Ans: down
The break-even point is the point when the contribution margin equals
Ans: fixed costs
Book depreciation is the depreciation expense recorded in the financial
accounting records and reflected on the financial statements Ans: true
