BRAINSCAPE1
NAB RCAL Exam with complete
solutions latest version
Breakeven Point? - CORRECT ANSWER-total cost = total revenue
Working capital ratio - CORRECT ANSWER-current assets / current liabilities
Acid-test (quick) ratio - CORRECT ANSWER-(cash + AR + short-term investments) /
current liabilities
debt to assets ratio - CORRECT ANSWER-total liabilities/total assets
FTE (full time equivalent) - CORRECT ANSWER-total number of hours per employee in
a week / 40 (i.e. 12+14+40+30 div. by 40)
Profit margin - CORRECT ANSWER-NOI/Tot. Revenue. Defined as "income to sales. 2
types, gross prof margin and net prof margin)
Net Operating Income (NOI) - CORRECT ANSWER-Total (gross) Revenue - operating
expenses
Occupancy rate - CORRECT ANSWER-(# of resident days/facility beds) x 365
HCS - CORRECT ANSWER-Hazard Communication Standard. OSHA standard
requiring employers to inform workers of potentially hazardous chemicals.
Balance sheet formula - CORRECT ANSWER-Assets = Liabilities + Shareholders
Equity
EBITDA - CORRECT ANSWER-Earnings before interest, taxes, depreciation, and
amortization
Amortization - CORRECT ANSWER-the reduction of a loan balance through payments
made over a period of time
BRAINSCAPE1
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revenue cycle management - CORRECT ANSWER-resident needs->service planning-
>staffing->billing/collections->
FICA SS Tax and Medicare Tax - CORRECT ANSWER-6.2% and 1.45%
4 elements of a valid contract - CORRECT ANSWER-agreement, consideration,
contractual capacity, legality (in writing) "ACCL"
Liability insurance usually covers.. - CORRECT ANSWER-Bodily injury and property
damage
Lock out tag out - CORRECT ANSWER-For all electrical equipment
safe electrical practices - CORRECT ANSWER-National Electrical Code or NEC
Following NFPA Life Safety Code - CORRECT ANSWER-fire plan, regular fire drills,
detectors, training on procedure, non combustable furnishing/draperies
Extinguisher class A - CORRECT ANSWER-ordinary combustibles such as wood/paper
Extinguisher Class B - CORRECT ANSWER-For flammable liquids and gas fires
(grease, paint)
Extinguisher class C - CORRECT ANSWER-Live electrical equipment (panelling)
Extinguisher class D - CORRECT ANSWER-Combustable metals (aluminum)
Extinguisher class K - CORRECT ANSWER-Commercial cooking equipment (cooking
oil, animal fats)
PASS (Fire Safety) - CORRECT ANSWER-P - Pull the pin.
A - Aim at the base of the fire, not at the flames.
S - Squeeze the lever.
S - Sweep the nozzle from side to side.
R.A.C.E. (Fire safety) - CORRECT ANSWER-rescue, alarm, contain, extinguish
Accrual Basis Accounting - CORRECT ANSWER-reporting income when it is earned
and expenses when they are incurred
Cash Basis Accounting - CORRECT ANSWER-Reporting income when the cash is
received and expenses when the cash is paid.
BRAINSCAPE1
NAB RCAL Exam with complete
solutions latest version
Breakeven Point? - CORRECT ANSWER-total cost = total revenue
Working capital ratio - CORRECT ANSWER-current assets / current liabilities
Acid-test (quick) ratio - CORRECT ANSWER-(cash + AR + short-term investments) /
current liabilities
debt to assets ratio - CORRECT ANSWER-total liabilities/total assets
FTE (full time equivalent) - CORRECT ANSWER-total number of hours per employee in
a week / 40 (i.e. 12+14+40+30 div. by 40)
Profit margin - CORRECT ANSWER-NOI/Tot. Revenue. Defined as "income to sales. 2
types, gross prof margin and net prof margin)
Net Operating Income (NOI) - CORRECT ANSWER-Total (gross) Revenue - operating
expenses
Occupancy rate - CORRECT ANSWER-(# of resident days/facility beds) x 365
HCS - CORRECT ANSWER-Hazard Communication Standard. OSHA standard
requiring employers to inform workers of potentially hazardous chemicals.
Balance sheet formula - CORRECT ANSWER-Assets = Liabilities + Shareholders
Equity
EBITDA - CORRECT ANSWER-Earnings before interest, taxes, depreciation, and
amortization
Amortization - CORRECT ANSWER-the reduction of a loan balance through payments
made over a period of time
BRAINSCAPE1
, BRAINSCAPE1
revenue cycle management - CORRECT ANSWER-resident needs->service planning-
>staffing->billing/collections->
FICA SS Tax and Medicare Tax - CORRECT ANSWER-6.2% and 1.45%
4 elements of a valid contract - CORRECT ANSWER-agreement, consideration,
contractual capacity, legality (in writing) "ACCL"
Liability insurance usually covers.. - CORRECT ANSWER-Bodily injury and property
damage
Lock out tag out - CORRECT ANSWER-For all electrical equipment
safe electrical practices - CORRECT ANSWER-National Electrical Code or NEC
Following NFPA Life Safety Code - CORRECT ANSWER-fire plan, regular fire drills,
detectors, training on procedure, non combustable furnishing/draperies
Extinguisher class A - CORRECT ANSWER-ordinary combustibles such as wood/paper
Extinguisher Class B - CORRECT ANSWER-For flammable liquids and gas fires
(grease, paint)
Extinguisher class C - CORRECT ANSWER-Live electrical equipment (panelling)
Extinguisher class D - CORRECT ANSWER-Combustable metals (aluminum)
Extinguisher class K - CORRECT ANSWER-Commercial cooking equipment (cooking
oil, animal fats)
PASS (Fire Safety) - CORRECT ANSWER-P - Pull the pin.
A - Aim at the base of the fire, not at the flames.
S - Squeeze the lever.
S - Sweep the nozzle from side to side.
R.A.C.E. (Fire safety) - CORRECT ANSWER-rescue, alarm, contain, extinguish
Accrual Basis Accounting - CORRECT ANSWER-reporting income when it is earned
and expenses when they are incurred
Cash Basis Accounting - CORRECT ANSWER-Reporting income when the cash is
received and expenses when the cash is paid.
BRAINSCAPE1
