2024 NAB RCAL Exam Latest Questions With Complete Grade A Answers
- Breakeven Point?
Answer: total cost = total revenue
- Working capital ratio
Answer: current assets / current liabilities
- Acid-test (quick) ratio
Answer: (cash + AR + short-term investments) / current liabilities
- debt to assets ratio
Answer: total liabilities/total assets
- FTE (full time equivalent)
Answer: total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40)
- Profit margin
Answer: NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and net prof margin)
- Net Operating Income (NOI)
Answer: Total (gross) Revenue - operating expenses
- Occupancy rate
Answer: (# of resident days/facility beds) x 365
9. HCS
Answer: Hazard Communication Standard. OSHA standard requiring employers to inform workers of potentially hazardous chemicals.
- Balance sheet formula
Answer: Assets = Liabilities + Shareholders Equity
11. EBITDA
Answer: Earnings before interest, taxes, depreciation, and amortization
- Amortization
Answer: the reduction of a loan balance through payments made over a period of time
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- revenue cycle management
Answer: resident needs->service planning->staffing->billing/collections->
- FICA SS Tax and Medicare Tax
Answer: 6.2% and 1.45%
- 4 elements of a valid contract
Answer: agreement, consideration, contractual capacity, legality (in writing) "ACCL"
- Liability insurance usually covers..
Answer: Bodily injury and property damage
- Lock out tag out
Answer: For all electrical equipment
- safe electrical practices
Answer: National Electrical Code or NEC
- Following NFPA Life Safety Code
Answer: fire plan, regular fire drills, detectors, training on procedure, non combustable furnishing/draperies
- Extinguisher class A
Answer: ordinary combustibles such as wood/paper
- Extinguisher Class B
Answer: For flammable liquids and gas fires (grease, paint)
- Extinguisher class C
Answer: Live electrical equipment (panelling)
- Extinguisher class D
Answer: Combustable metals (aluminum)
- Extinguisher class K
Answer: Commercial cooking equipment (cooking oil, animal fats)
- PASS (Fire Safety)
Answer:
P - Pull the pin.
A - Aim at the base of the fire, not at the flames.
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