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What is the effect on a business's equity account of a payment on a bill that has already been booked (recorded as an accounts payable)?
Briefly describe the Accounting entity, Going concern, Accounting period and Objectivity and reliability.
Explain the difference between cash and accrual accounting. Be sure to include a discussion of the revenue recognition and matching principles.
What are generally accepted accounting principles (GAAP)? What is the purpose of GAAP? What organizations are involved in establishing GAAP?
What is a stakeholder? What stakeholders are most interested in the financial condition of a healthcare provider?
What is the primary difference between current assets and the remainder of the asset side of the balance sheet?
Construct Brandywine's 2007 income statement. What were Brandywine's net income, total profit margin, and cash flow?
What were total expenses for 2007? What was the hospital's 2007 cash flow? What were total cash expenses for 2007?
What is the difference between net income and cash flow? Is financial condition more closely related to net income or to cash flow?
What is meant by the term expense? What is depreciation expense, and what is its purpose? What are some other categories of expenses?
What is the difference between gross revenues and net revenues? What is the difference between patient service revenue and other revenue?
What taxes must be paid on this dividend, and what is the after-tax amount of the dividend?
Given this information, what is the firm's net income? If the stockholder's tax rate on dividends is 15 percent, what is the after-tax dividend?
What are the primary characteristics of managed care plans? Describe different types of managed care plans.
Why are tax laws important to healthcare finance? What three major advantages do tax laws give to not-for-profit corporations?
What is the primary goal of investor-owned corporations? What is the primary goal of most not-for-profit healthcare corporations?
What are the three primary forms of business organization? Describe their advantages and disadvantages.
What pressures recently have been placed on not-for-profit hospitals to ensure that they meet their charitable mission?
What entities are involved in regulating the development and presentation of financial statements?
Why are widely accepted principles important for the measurement and recording of economic events?
Without the contribution, the Wealthy's taxable income for 2008 would be $2 million. What impact would the contribution have on the Wealthy's 2008 tax bill?
With all else the same, what rate must be set on the Beverly bonds to make Jane interested in making a switch?
John Doe is in the 40 percent personal tax bracket. He is considering investing in HCA bonds. What is his after-tax yield (interest rate) on the bonds?
Briefly describe the following health services settings: Hospitals and Ambulatory care. What are the benefits attributed to integrated delivery systems?
Briefly discuss the role of finance in the health services industry. Has this role increased or decreased in importance in recent years?