Exam 8

Question 1

Using the cruel system, the purchase of six month supply, a brief would be made in the

Answer 1

General journal

Question 2

When errors are made in other journals, make me corrected in the

Answer 2

General Journal

Question 3

When debits do not match credits in the general ledger, the NHA can assume an error was made in

Answer 3

Recording the transaction or posting them from the journals to the ledger

Question 4

When the NHA notes there are 200,000 in notes payable in the financial reports, she knows these must be paid within

Answer 4

12 months

Question 5

Funds put into the facility by the owners are calculated in the

Answer 5

Net worth

Question 6

Current assets minus current liabilities equals

Answer 6

Working capital

Question 7

Ratios to be useful must be compared to (blank) overtime

Answer 7

Industry averages

Question 8

A facility with long-term debt of 4 million in total equity of 3 million as a debt to equity ratio of

Answer 8

1.33

Question 9

The most accurate method to coil supplies is

Answer 9

Perpetual inventory

Question 10

The purpose of accelerated depreciation is to encourage businesses to

Answer 10

Invest in new equipment in buildings

Question 11

Where in NHA reduces or eliminates current services provide new services or products this is called

Answer 11

Cannibalization