Capstone Financial Calculations Practice Test
Practice test on staffing formulas, cost categories, reimbursement, and break-even concepts from the indexed materials.
10 questions · pass mark 50% · try 5 free
1 Which formula correctly calculates total physician salaries?
- Number of physicians × average specialty salary
- Number of physicians + average specialty salary
- Number of physicians × total salaries
- Average specialty salary ÷ number of physicians
The calculations guide states that total physician salaries are found by multiplying the number of physicians by the average specialty salary.
2 Which staffing category uses the formula number of nurses × average nurse salary?
- Physicians
- Nurses
- Support staff
- Administrators
The guide provides a separate salary formula for nurses using the number of nurses multiplied by the average nurse salary.
3 Which of the following are identified as indirect costs in the project materials? Select all that apply.
Select all that apply
- Electronic medical records
- Insurance and taxes
- Facility and administration
- Gloves and gauze
Indirect costs are overhead items such as electronic medical records, insurance and taxes, and facility and administration. Gloves and gauze are variable or direct patient-related supply costs.
4 Which category best fits examination tables and workstations used for more than one year?
- Variable costs
- Equipment costs
- Direct costs only
- Reimbursement adjustments
The materials identify equipment costs as items used for more than one year, including examination tables and workstations.
5 Variable costs are described as costs that occur per patient.
- True
- False
The materials describe variable costs as per-patient items such as gloves, syringes, needles, and gauze.
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