HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 151:

  Debt service coverage is equal to:

  A. (gross income + debts + depreciation + amortization) / maximum half year debt service payments
  B. (net income + interest + depreciation + amortization) / maximum annual debt service payments
  C. (net income + expenses + depreciation + amortization) / minimum annual interest service payments
  D. (net income + revenues + appreciation + amortization) / minimum half year interest service payments
  B. (net income + interest + depreciation + amortization) / maximum annual debt service payments

• Question 152:

  An arrangement in which an entity that receives a discount for agreeing or recommend patients to a provider refers to:

  A. Discount pool
  B. Markdown payment
  C. Steerage
  D. Copayment
  C. Steerage

• Question 153:

  A method of payment in which the provider is paid a fixed amount, over a set period of time usually a month or a year refers to:

  A. Time payment
  B. Fixed payment
  C. Capitation
  D. Capitalization
  C. Capitation

• Question 154:

  A type of horizontal analysis that looks at changes in line items compared with a base year is called;

  A. Term analysis
  B. Baseline analysis
  C. Trend analysis
  D. Ratio analysis
  C. Trend analysis

• Question 155:

  Prescription drug coverage for Medicare enrollees, which offsets some of the out-of- pocket costs for medications, this covers:

  A. Medicare Part A
  B. Medicare Part B
  C. Medicare Part D
  D. Medicare Part F
  C. Medicare Part D

• Question 156:

  Which of the following are the two ways to receive cash advances from outstanding accounts receivable?

  A. Factoring and receivables cycle
  B. Collections and receivables cycle
  C. Factoring and accounts receivables management
  D. Factoring and receivables as collateral
  D. Factoring and receivables as collateral

• Question 157:

  The formula for calculating the horizontal analysis is:

  A. (subsequent year ?current year / previous year) = percentage change
  B. (subsequent year ?previous year / previous year) * 100 = percentage change
  C. (current year ?previous year / current year) * 100 = percentage change
  D. (current year ?previous year / subsequent year) + 365 = percentage change
  B. (subsequent year ?previous year / previous year) * 100 = percentage change

• Question 158:

  A revolving line of credit differs from a normal line of credit in that the revolving line of credit legally requires a bank to fulfill the borrower's credit request up to the pre- negotiated limit.

  A. True
  B. False
  A. True

• Question 159:

  In contrast to excel's NPV function, the IRR function includes the final investments as one of the entries in the function.

  A. True
  B. False
  B. False

• Question 160:

  If the organization has long-term working capital financing needs, it is better off financing needs with short-term financing under normal conditions.

  A. True
  B. False
  A. True