HMGT 3311 Exam
Study online at https://quizlet.com/_ciw9lw
1. Which one of the following is true concerning the It is the time it takes a com-
working capital cycle? pany to obtain funding,
purchase resources, sell to
customers, and bill & col-
lect the cash from its cus-
tomers
2. What type of analysis is being performed if the follow- Horizontal analysis
ing formula is used:
[(current year - previous year)/previous year] * 100
3. Which of the following terms is best associated with Supply chain manage-
a hospital's use of a Group Purchasing Organization ment
(GPO)?
4. An operating budget is comprised of a ________ and a Revenue budget : expense
________ budget
5. A capital budget summarizes the major ____ for the Purchases
year
6. Baylor Scott & White received $2,000 per year at the $7,985
end of each year for the next 5 years from an unin-
sured patient who wants a special heart transplant.
What is the present value of these annuity collection
payments at 8% compounded annually.
7. Centennial Hospital negotiates a $10M line of credit $10,000
(LOC) with a bank. The LOC has a commitment fee of
0.25 percent (.0025). Centennial actually borrows $6M
from the LOC for the year. How much is the commit-
ment fee that centennial must pay:
1/6
, HMGT 3311 Exam
Study online at https://quizlet.com/_ciw9lw
8. Pauley Company provides home health care to the el- $195,000
derly in Dallas, Texas. Pauley charges $35/hour for pro-
fessional care. Variable costs are $18/hour and fixed
costs are $78,000.
What is Pauley's break-even point in sales dollars
(rounded)?
9. Question 5: B&B Docs had the following: 6.7%
Net Accounts Receivable:
April - $5,000
May - $3,000
June - $2,000
Net Patient Revenue:
April - $40,000
May - $30,000
June - $30,000
Net Accounts Payable:
April - $4,000
May - $3,000
June - $2,500
For the month of June only what is the receivables as a
% of revenue?
10. For the second quarter, Plano Eye & Ear Docs had av- 18.6 days
erage daily net patient revenue of $29,000. Their total
accounts receivable the end of the second quarter was
$540,000. What are their Days in Accounts Receivable
for the quarter?
2/6
Study online at https://quizlet.com/_ciw9lw
1. Which one of the following is true concerning the It is the time it takes a com-
working capital cycle? pany to obtain funding,
purchase resources, sell to
customers, and bill & col-
lect the cash from its cus-
tomers
2. What type of analysis is being performed if the follow- Horizontal analysis
ing formula is used:
[(current year - previous year)/previous year] * 100
3. Which of the following terms is best associated with Supply chain manage-
a hospital's use of a Group Purchasing Organization ment
(GPO)?
4. An operating budget is comprised of a ________ and a Revenue budget : expense
________ budget
5. A capital budget summarizes the major ____ for the Purchases
year
6. Baylor Scott & White received $2,000 per year at the $7,985
end of each year for the next 5 years from an unin-
sured patient who wants a special heart transplant.
What is the present value of these annuity collection
payments at 8% compounded annually.
7. Centennial Hospital negotiates a $10M line of credit $10,000
(LOC) with a bank. The LOC has a commitment fee of
0.25 percent (.0025). Centennial actually borrows $6M
from the LOC for the year. How much is the commit-
ment fee that centennial must pay:
1/6
, HMGT 3311 Exam
Study online at https://quizlet.com/_ciw9lw
8. Pauley Company provides home health care to the el- $195,000
derly in Dallas, Texas. Pauley charges $35/hour for pro-
fessional care. Variable costs are $18/hour and fixed
costs are $78,000.
What is Pauley's break-even point in sales dollars
(rounded)?
9. Question 5: B&B Docs had the following: 6.7%
Net Accounts Receivable:
April - $5,000
May - $3,000
June - $2,000
Net Patient Revenue:
April - $40,000
May - $30,000
June - $30,000
Net Accounts Payable:
April - $4,000
May - $3,000
June - $2,500
For the month of June only what is the receivables as a
% of revenue?
10. For the second quarter, Plano Eye & Ear Docs had av- 18.6 days
erage daily net patient revenue of $29,000. Their total
accounts receivable the end of the second quarter was
$540,000. What are their Days in Accounts Receivable
for the quarter?
2/6
