QUESTION 1 1. The Clinic received an $8,000,000 unrestricted cash contribution from the community. Please select the accounts impacted by this transaction. a. Cash & Temporary Investments b. Accounts Receivable c. Unrestricted Net Assets d. Revenue, Gains and Other Support e. None of the above QUESTION 2 1. The clinic purchased $5,600,000 of equipment. The clinic paid cash for the equipment. Please select the accounts impacted by this transaction. a. Accounts receivable b. Cash and temporary investments c. Plant, Property & Equipment d. Long-term debt QUESTION 3 1. The clinic borrowed $3,000,000 from the bank on a long-term basis. Please select the accounts impacted by this transaction. a. Accounts payable b. Cash & temporary investments c. Expense (Interest) d. Long-term debt QUESTION 4 1. The clinic purchased $600,000 of supplies on credit. Please select the accounts impacted by this transaction. a. Cash & temporary investments b. Supplies c. long-term debt d. Accounts payable QUESTION 5 1. The clinic provided $9,400,000 of services on credit. Please select the accounts impacted by this transaction. a. Cash & temporary investments b. Accounts receivable c. Deferred revenues d. Revenues, gains and other support QUESTION 6 1. In the provision of these services, the clinic used $300,000 of supplies. Please select the accounts impacted by this transaction. a. Cash & temporary investments b. Supplies (asset) c. Expenses (supplies) d. Accounts payable QUESTION 7 1. The clinic received $740,000 in advance to care for capitated patients. Please select the accounts impacted by this transaction. a. Revenues, gains and other support b. Cash & temporary investments c. Expenses d. Deferred revenues QUESTION 8 1. The clinic incurred $4,000,000 in labor expenses and paid cash for them. Please select the accounts impacted by this transaction. a. Accounts payable b. Cash & temporary investments c. Long-term debt d. Expenses (Labor) QUESTION 9 1. The clinic incurred $2,500,000 in general expenses and paid for them in cash. Please select the accounts impacted by this transaction. a. Cash & temporary investments b. Expenses (General) c. Accounts payable d. Accounts receivable QUESTION 10 1. The clinic received $7,300,000 from patients and their third parties in payment of outstanding accounts. Please select the accounts impacted by this transaction. a. Revenues, gains and other support b. Cash & temporary investments c. Deferred revenue d. Accounts receivable QUESTION 11 1. The clinic met $540,000 of its obligation to capitated patients in transaction g. Please select the accounts impacted by this transaction. a. Cash & temporary investments b. Revenues, gains and other support c. Accounts receivable d. Deferred revenue QUESTION 12 1. The clinic made a $300,000 cash payment on the long-term loan. Please select the accounts impacted by this transaction. a. Accounts payable b. Cash & temporary investments c. Long-term debt d. Accounts receivable QUESTION 13 1. The clinic also made a cash interest payment of $35,000. Please select the accounts impacted by this transaction. a. Long-term debt b. Cash & temporary investments c. Expenses (Interest) d. Accounts payable QUESTION 14 1. A donor made a temporarily restricted donation of $350,000, which is set aside in temporary investments. Please select the accounts impacted by this transaction. a. Unrestricted net assets b. Restricted net assets c. Cash & temporary investments d. Revenues, gains and other support QUESTION 15 1. The clinic recognized $380,000 in depreciation for the year. Please select the accounts impacted by this transaction. a. Cash & temporary investments b. Expenses (Depreciation) c. Plant, property & equipment d. Accumulated depreciation QUESTION 16 1. The clinic estimated that $800,000 of patient accounts would not be received. Please select the accounts impacted by this transaction. a. Cash & temporary investments b. Accounts receivable c. Allowance for bad debts d. Expenses (Bad Debt) QUESTION 17 1. The ending 20X1 net patient service revenue amount included within the Unrestricted revenues, gains and other support section of the Statement of Operations was: a. $17,940,000 ($17,940 abbreviated) b. $9,400,000 ($9,400 abbreviated) c. $8,000,000 ($8,000 abbreviated) d. $8,540,000 ($8,540 abbreviated) QUESTION 18 1. The ending operating expenses reflected in the 20X1 Statement of Operations was: a. None of the above b. $8,015,00 ($8,015 abbreviated) c. $4,000,000 ($4,000 abbreviated) d. $6,800,000 ($6,800 abbreviated) QUESTION 19 1. In this case, given the information provided, operating income and the excess of revenues over expenses are equal. True False QUESTION 20 1. At the end of the accounting period, the excess of revenues over expenses will be transfered to the balance sheet. In this example this transfer will serve to decrease the organizations unrestricted net assets. True False QUESTION 21 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to net patient revenue is: A. -6.6% B. 6.6% C. 7.1% D.-7.1%. Please answer to one decimal point. QUESTION 22 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to other operating revenue is: A:12.3% B:-12.3% C:10.0% D: -10.9%. Please answer to one decimal point. QUESTION 23 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to total operating revenues is A:6.7% B:-6.7% C:7.2% D:-7.2%. Please answer to one decimal point. QUESTION 24 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to salaries and benefits is A:8.0% B:-8.7% C:8.7%D:5.7%. Please answer to one decimal point. QUESTION 25 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to supplies and other expenses is A: 14.9% B:-14.9%C:13.0% D:-13.0%. Please answer to one decimal point. QUESTION 26 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to depreciation expense is A: -6.2% B:5.8% C:6.2% D:-5.8%. Please answer to one decimal point. QUESTION 27 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to provision for bad debts is A:0.1% B:-0.1% C:1.0% D:-1.0%. Please answer to one decimal point. QUESTION 28 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to interest expense is A:1.4% B:-1.4% C:2.8% D:-2.8%. Please answer to one decimal point. QUESTION 29 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to total operating expenses is A:10.1% B:9.2% C:-9.2% D:-10.1%. Please answer to one decimal point. QUESTION 30 1. In performing a horizontal analysis of the statement of operations, the year-over-year change relative to income from operations is A:31.5% B:45.9% C:-45.9%D:-31.5%. Please answer to one decimal point. QUESTION 31 1. In performing a vertical analysis of the balance sheet for 20X1, cash and cash equivalents as a percentage of total assets is A:12.7% B:48.0% C:16.4% D:15.9%. QUESTION 32 1. In performing a vertical analysis of the balance sheet for 20X1, net patient accounts receivable as a percentage of total assets is A:35.0% B:11.9% C:11.6% D:9.2%. QUESTION 33 1. In performing a vertical analysis of the balance sheet for 20X1, inventories as a percentage of total assets is A:1.2% B:4.5% C:1.5% D:-1.5%. QUESTION 34 1. In performing a vertical analysis of the balance sheet for 20X1, other current assets as a percentage of total assets is A:12.5% B:4.3% C:4.1% D:3.3%. QUESTION 35 1. In performing a vertical analysis of the balance sheet for 20X1, total current assets as a percentage of total assets is A:100.0% B:26.4% C:34.1% D:33.1%. QUESTION 36 1. In performing a vertical analysis of the balance sheet for 20X1, gross plant, property & equipment as a percentage of total assets is A:136.4% B:46.6% C:45.2%D:36.0%. QUESTION 37 1. In performing a vertical analysis of the balance sheet for 20X1, accumulated depreciation as a percentage of total assets is A:-77.1% B:-26.3%C:-25.5% D:-20.4%. QUESTION 38 1. In performing a vertical analysis of the balance sheet for 20X1, net property, plant and equipment as a percentage of total assets is 59.3%20.2%19.6%15.7%. QUESTION 39 1. In performing a vertical analysis of the balance sheet for 20X1, total assets as a percentage of total assets is 100.0%378.8%129.3%125.4%. QUESTION 40 1. In performing a vertical analysis of the balance sheet for 20X1, accounts payable as a percentage of total assets is 11.3%3.8%3.7%3.0%. QUESTION 41 1. In performing a vertical analysis of the balance sheet for 20X1, salaries payable as a percentage of total assets is 1.4%5.3%1.8%2.2%. QUESTION 42 1. In performing a vertical analysis of the balance sheet for 20X1, notes payable as a percentage of total assets is 1.3%5.1%1.7%5.7%. QUESTION 43 1. In performing a vertical analysis of the balance sheet for 20X1, total current liabilities as a percentage of total assets is 5.7%21.7%7.4%7.2%. QUESTION 44 1. In performing a vertical analysis of the balance sheet for 20X1, bonds payable as a percentage of total assets is 64.1%21.9%16.9%21.2%. QUESTION 45 1. In performing a vertical analysis of the balance sheet for 20X1, net assets as a percentage of total assets is A:77.4% B:293.0% C:100.0% D:97.0%. QUESTION 46 1. In performing a vertical analysis of the balance sheet for 20X1, total liabilities and net assets as a percentage of total assets is A: 378.8% B:100.0% C:129.3% D:125.4%. QUESTION 47 1. The current ratio for the organization in 20X1 is: A: 4.611.002.313.10 and was 4.611.002.313.10 in 20X0. QUESTION 48 1. The quick ratio for the organization in 20X1 is 1.603.832.544.60 and was 1.603.832.544.60 in 20X0. QUESTION 49 1. The acid test ratio for the organization in 20X1 is 2.210.280.941.28 and was 2.210.280.941.28 in 20X0. QUESTION 50 1. Days in accounts receivable for the organization in 20X1 is 54.66 days52.41 days52.37 days50.27 days and was 54.66 days52.41 days52.37 days50.27 days in 20X0. QUESTION 51 1. Days cash on hand for the organization in 20X1 is 98.0 days451.5 days235.6 days277.5 days and was 98.0 days451.5 days235.6 days277.5 days in 20X0. QUESTION 52 1. The average payment period for the organization in 20X1 is 36.6 days36.5 days40.0 days52.0 days and was 36.6 days36.5 days40.0 days52.0 days in 20X0. QUESTION 53 1. The operating margin for the organization in 20X1 is 4.5%3.0%7.0%2.0% and was 4.5%3.0%7.0%2.0% in 20X0. QUESTION 54 1. The return on total assets for the organization in 20X1