C428

Western Governers University

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WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
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    WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE

  • WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE What is healthcare finance? It encompasses the accounting and financial management functions of healthcare organizations. The two functions blend together, with accounting generating the data needed to make sound decisions and financial management providing the framework for those decisions. What is financial management? The use of theory, principles, and concepts developed to help managers make better financial deci...
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WGU C428 Terms (Finance Resource Management in Healthcare)
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    WGU C428 Terms (Finance Resource Management in Healthcare)

  • vertical analysis - Answer expresses each item in a financial statement as a percentage of the same base amount Quick Ratio - Answer (Current Assets - Inventory) / Current Liabilities Current Ratio Equation - Answer current assets divided by current liabilities (Good is in-line/slightly better than industry average. Low = trouble. Industry Average is 2.0.) times interest earned ratio - Answer EBIT/Interest Expense (The larger the ratio, the better. Industry average is 5.9.) Ratios - ...
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WGU C428 Financial Resource Management in Healthcare  Key Ratios and Points
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    WGU C428 Financial Resource Management in Healthcare Key Ratios and Points

  • Total Profit Margin - Answer Net Income/Total Revenue. Measures the ability to control expenses (dollars of income per dollar of revenue) Higher the Total Margin, the lower the expenses relative to revenues Total Margin is lower than the industry average = indicating the expenses are higher than they should be or that revenues are too low for the expense structure of the business Low margins = problem w/expenses, revenues, or both Operating Margin - Answer Operating Income/Operating Re...
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Answered Financial Resource Management in Healthcare C428
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    Answered Financial Resource Management in Healthcare C428

  • ROE (Return on Equity) - Answer Net Profit ÷ Total Equity ROA (Return on Total Assets) - Answer Net Income/Total Assets GPR (Gross Profit Ratio) - Answer gross profit divided by net sales (100) NPR (Net Profit Ratio) - Answer Net Profit After Tax/Net Sales (100) TM (Total Margin) - Answer net income/total revenue OM (Operating Margin) - Answer Operating income/ Operating Revenue Return on Sales (ROS) - Answer Net Income/Sales Debt Management Ratios - Answer A set of ratios ...
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WGU C428 Review questions with correct answers
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    WGU C428 Review questions with correct answers

  • Direct Costs - Answer Costs that can be specifically identified with a particular project or activity. Direct Labor - Direct Materials - Manufacturing Supplies Indirect Costs - Answer Costs that are the result of general operations and are not directly tied to any specific project or activity Rent - Utilities - General Office Expenses Cost - Answer Prior to delivery of service Cash - Answer Payment for operations, revenue, form of accounting Capital - Answer Investment, fixed a...
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Financial Resource Management in Healthcare (C428) questions with correct answers
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    Financial Resource Management in Healthcare (C428) questions with correct answers

  • Accounting - Answer The measure and recording of events that reflect the operations, assets, expenses, and other financing of an organization. Breakeven Analysis - Answer Determines the point when the investment in the project will generate a positive return. Business Manager or SBU Manager - Answer The manager responsible for the finance function in a small healthcare organization, such as a medical practice with one or a few clinicians. Call Provision - Answer Gives the issuer the rig...
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Financial Resource Management in Healthcare - C428 questions with correct answers
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    Financial Resource Management in Healthcare - C428 questions with correct answers

  • Costs Cash Capital Control - Answer Finance within a healthcare organization can be condensed into the "four Cs": Treasurer - Answer The finance department manager who handles capital acquisition, investment management, and risk management activities Comptroller - Answer The finance department manager who handles accounting, budgeting, and reporting activities. CFO (Chief Financial Officer) - Answer The head of the finance department holds the title of chief financial officer. (The...
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WGU C428 Preassessment questions with correct answers
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    WGU C428 Preassessment questions with correct answers

  • A medical center is expanding its hospital staff to accommodate the increasing number of flu cases seen over the past weeks. Which type of finance activity is described in this scenario? Cost Cash Capital Control - Answer Cost A healthcare organization's senior finance leader is responsible for all financial plans and activities related to reimbursement, accounting, budgeting, and management for a healthcare system's financial well-being. Which role matches this description? ...
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C428 RCP1 Task 1 modified.
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    C428 RCP1 Task 1 modified.

  • C428 RCP1 Task 1 modified.
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