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TESCUITIT Question 1 2 Points The statement of revenue reflects a record of what an organization owns, what it owes, and what it is worth a record of transactions for every day. a record of expenses None of these are correct 2 Points Question 2 Which of the four major reports covers a specific time period (not a point in time)? a A Balance sheet Statement of revenue and expense, also called an income Statement Statement of changes in fund balanceet worth Statement of cash flows Question 3 2 Points The Blank 1 financial statement is compared to a snapshot in time. Blank 1 Add your answer Question 4 2 Points In the cash method of accounting, revenue is recorded when it is earned (not when payment is received) and expenses are recorded when they are incurred (not when they are paid), A) True False Question 5 2 Points Most healthcare organizations are on the Blank 1 method of accounting Blank 1 Add your answer Question 6 2 Points Ratios are important because they are so widely used and financial ratios are especially important because they are used for Blank 1 Blank 1 Add your answer 3 OF 10 QUESTIONS REMAINING Question 7 2 Points There are three types of ratios: liquidity, solvency, and profitability A) True False Question 8 2 Points Days Cash on Hand ( DOH) Indicates cash on hand in relation to amount of daly operating expenses. Computed as: DCOH unrestricted cash and cash equivalents/ cash operating expenses/Blank 1 Blank 1 Add your answer your diswer Question 9 2 Points Accounts receivables are funds not yet collected (money owed) True B) False 2 Points Question 10 Operating Margin (expressed as a percentage): Represents the relationship of operating revenues to operating income Computed: operating margin = operating income (loss) / Blank 1 Blank 1 Add your