HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 141:

  Health care organizations also present an estimate of how much of their patient accounts receivables they likely will not be able to collect, this estimate is called:

  A. Allowance for collectables
  B. Expense for collectables
  C. Allowance for uncollectables
  D. Expense for uncollectables
  C. Allowance for uncollectables

• Question 142:

  Which if the following is NOT the step to calculate current ratio?

  A. Identify the dollar amount of current assets on the balance sheet
  B. Identify the dollar amount of current liabilities on the balance sheet
  C. Divide the current assets by current liabilities
  D. None of the above
  D. None of the above

• Question 143:

  What an amount invested today will be worth at a given time in the future using the compound interest method, which accounts for the time value of money, this refers to:

  A. Investment value
  B. Compound value
  C. Future value
  D. Money value
  C. Future value

• Question 144:

  A fixed cost that will remain even if a particular service is discontinued is known as:

  A. Non-avoidable fixed costs
  B. Avoidable fixed costs
  C. Negotiable fixed costs
  D. Disconnected fixed costs
  A. Non-avoidable fixed costs

• Question 145:

  When gross proceeds less the underwriter's and others' issuance fees, this refers to:

  A. Least financing for bond
  B. Gross issuance for bond
  C. Total profit from bond insurance
  D. Net proceeds from a bond issuance
  D. Net proceeds from a bond issuance

• Question 146:

  are financial instruments purchased for a short term normally thirteen, twenty-six or fifty-two weeks and are considered default free and the most liquid short- term investment available.

  A. Treasury bills
  B. Cash budget
  C. Money funds
  D. Revenues
  A. Treasury bills

• Question 147:

  Which of the following is NOT included in current assets?

  A. Cash and cash equivalents
  B. short-term investments
  C. patient accounts receivables
  D. long-term investments
  D. long-term investments

• Question 148:

  Which measure how an organization's assets are financed and how able the organization is to pay for the new debt?

  A. Capital structure ratio
  B. Organization's activity ratio
  C. Total asset renovation
  D. Payment ratio analysis
  A. Capital structure ratio

• Question 149:

  Cost centers that are responsible for providing health care-related services to clients, patients or enrollees refer to:

  A. service cost center
  B. clinical cost center
  C. production cost centers
  D. clinical cost centers
  D. clinical cost centers

• Question 150:

  Costs that stay the same per unit but change directly in total with a change in activity over the relevant range are known as ____________ .

  Variable costs