Gcu hca240 financial terminology quiz/gcu hca240 financial



Question 1

Accounts receivable refers to which one of the following?

The amount billed for services rendered.

The amount of actual revenue collected for services rendered.

The amount due to the organization from patients, third parties, and others.

The amount owed to others for services, including suppliers and creditors.

Question 2

Which one of the following is the most important measure of financial success?

The amount of capital depreciation.

The amount of cash on hand.

The amount of bad debt reversed.

The rate of equity growth.