HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 31:

  A method of analyzing financial statements that looks at the percentage change in a line item from one year to the next refers to:

  A. Horizontal analysis
  B. Trend analysis
  C. Tendency analysis
  D. Vertical analysis
  A. Horizontal analysis

• Question 32:

  The unsecured short term loans offered by banks are:

  A. lines of credit and transactions notes
  B. lines of cash and credit notes
  C. lines of transactions and revenues
  D. lines of debts and trade
  A. lines of credit and transactions notes

• Question 33:

  The interest rate that a hospital borrower exchanges between another party, typically a bank or investment banking firm, with the intent of securing a more favorable rate is called:

  A. Rate of exchange
  B. Favorable rate swaps
  C. Interest rate swaps
  D. Payment swapping
  C. Interest rate swaps

• Question 34:

  Estimated third party payor settlements are the category of?

  A. Current assets
  B. Current Equity
  C. Current Expenses
  D. Current liabilities
  D. Current liabilities

• Question 35:

  The process of converting a present value into its future value taking into account the time value of money is called:

  A. Amalgam
  B. Compounding
  C. Value conversion
  D. Value computing
  B. Compounding

• Question 36:

  A source of temporary cash is , which does not actually bring in cash but instead slows its outflows.

  A. Trade cash
  B. Credit revenue
  C. Cash capital
  D. Trade credit
  A. Trade cash

• Question 37:

  A post office box located near a Federal Reserve Bank or branch that for a fee will pick up and process checks quickly is called:

  A. Pickup box
  B. Lockbox
  C. Process box
  D. Live box
  B. Lockbox

• Question 38:

  A series of equal annuity payments made or received at the beginning of each period is called:

  A. Annuity Date
  B. Annuity Due
  C. Annuity payments
  D. Annuity period
  B. Annuity Due

• Question 39:

  A method in which interest is calculated on both the original principal and on all interest accumulated since the beginning of the investment time period refers to: A. Dual interest method

  B. Compound interest method
  C. Complex interest method
  D. Multifaceted interest method
  B. Compound interest method

• Question 40:

  The formula to calculate product margin is:

  A. Total contribution margin + avoidable fixed costs
  B. Total contribution margin ?avoidable fixed costs
  C. Total contribution margin * fixed costs
  D. Total contribution margin ?non-avoidable fixed costs
  B. Total contribution margin ?avoidable fixed costs