NAB RCAL EXAM WITH CORRECT
QUESTIONS AND ANSWERS 2025
Breakeven Point? - CORRECT-ANSWERS>>>>>total cost = total revenue
Working capital ratio - CORRECT-ANSWERS>>>>>current assets / current liabilities
Acid-test (quick) ratio - CORRECT-ANSWERS>>>>>(cash + AR + short-term investments) /
current liabilities
debt to assets ratio - CORRECT-ANSWERS>>>>>total liabilities/total assets
FTE (full time equivalent) - CORRECT-ANSWERS>>>>>total number of hours per
employee in a week / 40 (i.e. 12+14+40+30 div. by 40)
Profit margin - CORRECT-ANSWERS>>>>>NOI/Tot. Revenue. Defined as "income to
sales. 2 types, gross prof margin and net prof margin)
Net Operating Income (NOI) - CORRECT-ANSWERS>>>>>Total (gross) Revenue -
operating expenses
Occupancy rate - CORRECT-ANSWERS>>>>>(# of resident days/facility beds) x 365
HCS - CORRECT-ANSWERS>>>>>Hazard Communication Standard. OSHA standard
requiring employers to inform workers of potentially hazardous chemicals.
Balance sheet formula - CORRECT-ANSWERS>>>>>Assets = Liabilities + Shareholders
Equity
EBITDA - CORRECT-ANSWERS>>>>>Earnings before interest, taxes, depreciation, and
amortization
, Amortization - CORRECT-ANSWERS>>>>>the reduction of a loan balance through
payments made over a period of time
revenue cycle management - CORRECT-ANSWERS>>>>>resident needs->service
planning->staffing->billing/collections->
FICA SS Tax and Medicare Tax - CORRECT-ANSWERS>>>>>6.2% and 1.45%
4 elements of a valid contract - CORRECT-ANSWERS>>>>>agreement, consideration,
contractual capacity, legality (in writing) "ACCL"
Liability insurance usually covers.. - CORRECT-ANSWERS>>>>>Bodily injury and property
damage
Lock out tag out - CORRECT-ANSWERS>>>>>For all electrical equipment
safe electrical practices - CORRECT-ANSWERS>>>>>National Electrical Code or NEC
Following NFPA Life Safety Code - CORRECT-ANSWERS>>>>>fire plan, regular fire drills,
detectors, training on procedure, non combustable furnishing/draperies
Extinguisher class A - CORRECT-ANSWERS>>>>>ordinary combustibles such as
wood/paper
Extinguisher Class B - CORRECT-ANSWERS>>>>>For flammable liquids and gas fires
(grease, paint)
Extinguisher class C - CORRECT-ANSWERS>>>>>Live electrical equipment (panelling)
Extinguisher class D - CORRECT-ANSWERS>>>>>Combustable metals (aluminum)
Extinguisher class K - CORRECT-ANSWERS>>>>>Commercial cooking equipment (cooking
oil, animal fats)
PASS (Fire Safety) - CORRECT-ANSWERS>>>>>P - Pull the pin.
QUESTIONS AND ANSWERS 2025
Breakeven Point? - CORRECT-ANSWERS>>>>>total cost = total revenue
Working capital ratio - CORRECT-ANSWERS>>>>>current assets / current liabilities
Acid-test (quick) ratio - CORRECT-ANSWERS>>>>>(cash + AR + short-term investments) /
current liabilities
debt to assets ratio - CORRECT-ANSWERS>>>>>total liabilities/total assets
FTE (full time equivalent) - CORRECT-ANSWERS>>>>>total number of hours per
employee in a week / 40 (i.e. 12+14+40+30 div. by 40)
Profit margin - CORRECT-ANSWERS>>>>>NOI/Tot. Revenue. Defined as "income to
sales. 2 types, gross prof margin and net prof margin)
Net Operating Income (NOI) - CORRECT-ANSWERS>>>>>Total (gross) Revenue -
operating expenses
Occupancy rate - CORRECT-ANSWERS>>>>>(# of resident days/facility beds) x 365
HCS - CORRECT-ANSWERS>>>>>Hazard Communication Standard. OSHA standard
requiring employers to inform workers of potentially hazardous chemicals.
Balance sheet formula - CORRECT-ANSWERS>>>>>Assets = Liabilities + Shareholders
Equity
EBITDA - CORRECT-ANSWERS>>>>>Earnings before interest, taxes, depreciation, and
amortization
, Amortization - CORRECT-ANSWERS>>>>>the reduction of a loan balance through
payments made over a period of time
revenue cycle management - CORRECT-ANSWERS>>>>>resident needs->service
planning->staffing->billing/collections->
FICA SS Tax and Medicare Tax - CORRECT-ANSWERS>>>>>6.2% and 1.45%
4 elements of a valid contract - CORRECT-ANSWERS>>>>>agreement, consideration,
contractual capacity, legality (in writing) "ACCL"
Liability insurance usually covers.. - CORRECT-ANSWERS>>>>>Bodily injury and property
damage
Lock out tag out - CORRECT-ANSWERS>>>>>For all electrical equipment
safe electrical practices - CORRECT-ANSWERS>>>>>National Electrical Code or NEC
Following NFPA Life Safety Code - CORRECT-ANSWERS>>>>>fire plan, regular fire drills,
detectors, training on procedure, non combustable furnishing/draperies
Extinguisher class A - CORRECT-ANSWERS>>>>>ordinary combustibles such as
wood/paper
Extinguisher Class B - CORRECT-ANSWERS>>>>>For flammable liquids and gas fires
(grease, paint)
Extinguisher class C - CORRECT-ANSWERS>>>>>Live electrical equipment (panelling)
Extinguisher class D - CORRECT-ANSWERS>>>>>Combustable metals (aluminum)
Extinguisher class K - CORRECT-ANSWERS>>>>>Commercial cooking equipment (cooking
oil, animal fats)
PASS (Fire Safety) - CORRECT-ANSWERS>>>>>P - Pull the pin.
