HAS3750 NOTE CARD Essay

5140 WordsDec 6, 201421 Pages
Which of the following statements about finance, accounting, and financial management is most correct? 1 The primary role of finance is to plan for, acquire, and use resources to maximize the efficiency and value of the enterprise. Which of the following is not a finance activity? 2 Facilities management Which of the following statements about regulatory and legal issues in the health services industry is not correct? For the instructor, this was question 10. The costs to a health services organization of complying with regulation are minimal. Which of the following statements about the role of finance in healthcare organizations is incorrect? For the instructor, this was question 8. Today, the most critical finance function is…show more content…
For an individual who pays personal income taxes at a rate of 30 percent, which of the following statements is most correct? For the instructor, this was question 7. An investment in a tax-exempt (municipal) bond with an interest rate of 8 percent is preferable to an investment in a taxable (corporate) bond with an interest rate of 10 percent. QUIZ 3 Which of the following statements about revenues, expenses, and net income is(are) most correct? Revenues increase the equity of an organization. Expenses decrease the equity of an organization. Net income (less any dividend payments) increases the equity of an organization. Statements (a), (b), (c), and (d) are correct. Assume Hospital A is a for-profit organization that pays taxes at a rate of 30 percent and Hospital B is a not-for-profit organization that pays no taxes. If depreciation expense for the year that ended on December 31, 2012, were doubled (e.g., from $100,000 to $200,000) for both organizations, which of the following statements is most correct? Estimated cash flow would increase for Hospital A but not for Hospital B. Assume Mercy Hospital miscalculated the amount of charity care it provided during the year that ended on December 31, 2012. If Mercy Hospital reported too little charity care in 2012, what would be the most likely effect on the income statement for

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