HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 161:

  A measure of how quickly an asset can be converted into cash is called:

  A. Cash conversion
  B. Asset conversion
  C. Liquidity
  D. Equity
  C. Liquidity

• Question 162:

  Required Cash Balance is:

  A. The amount of credit an organization must have on hand at mid of previous period to ensure that it has enough credit to cover the expected inflows during next forecasting period.
  B. The amount of cash an organization must have on hand at mid of current year to ensure that it has enough cash to cover the expected inflows during next forecasting period.
  C. The amount of credit an organization must have on hand at end of current year to ensure that it has enough credit to cover the expected outflows during current forecasting period.
  D. The amount of cash an organization must have on hand at end of current period to ensure that it has enough cash to cover the expected outflows during next forecasting period.
  D. The amount of cash an organization must have on hand at end of current period to ensure that it has enough cash to cover the expected outflows during next forecasting period.

• Question 163:

  Revenues represent amounts earned by the organization would, not the amount of it received during the period.

  A. Cash
  B. Credit
  C. Revenue
  D. Expense
  A. Cash

• Question 164:

  The amount of working capital an organization keeps on hand relative to its potential working capital obligations is called______________ .

  Asset mix

• Question 165:

  Which of the following is NOT the step in expense variance?

  A. Identify the amount of variance due to fixed costs
  B. Develop a flexible expense budget
  C. Calculate actual volume for each expense
  D. Calculate the expense variance due to changes in volume and other factors.
  C. Calculate actual volume for each expense

• Question 166:

  The amount of total debt that an organization can be reasonably expected to take on and play off in a timely manner is called:

  A. Debt capacity
  B. Debt pool
  C. Debt volume
  D. Debt competence
  A. Debt capacity

• Question 167:

  A lease that lasts for an extended period, up to the life of the leased asset and cannot be cancelled without penalty refers to:

  A. Decision lease
  B. Principal lease
  C. Operating lease
  D. Capital lease
  D. Capital lease

• Question 168:

  Total contribution margin is:

  A. Total revenues * actual variable costs / total variable costs
  B. Actual revenues ?Actual variable costs
  C. Total expenses + total variable costs
  D. Total revenues ?total variable costs
  D. Total revenues ?total variable costs

• Question 169:

  The variable asset turnover ratio is a measure of how productive the fixed assets of the organization are in generating operating revenues.

  A. True
  B. False
  B. False

• Question 170:

  Which one of the following is NOT the factor of Uninsured?

  A. Health insurance premiums becoming too costly
  B. Requiring patients to pay for the part of their own care-up
  C. Individuals being screened out of insurance policies
  D. Employers feeling they cannot afford to continue to provide health insurance as a benefit
  B. Requiring patients to pay for the part of their own care-up