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FMS721S - FINANCIAL MANAGEMENT IN HEALHT SERVICES - 1ST OPP - JUNE 2022 |
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n Am I BI A u n IVER s I TY
OF SCI En CE Ano TECH n OLOGY
FACULTY OF HEALTH, APPLIED SCIENCES AND NATURAL RESOURCES
DEPARTMENT OF HEALTH SCIENCES
QUALIFICATION: BACHELOROF SCIENCEIN HEALTHINFORMATION SYSTEMSMANAGEMENT
QUALIFICATION CODE: 07BHIS
COURSE: FINANCIAL MANAGEMENT IN
HEALTHSERVICES
SESSION: JUNE 2022
LEVEL: 7
COURSE CODE: FMS721S
PAPER: THEORY
DURATION: 3 HOURS
MARKS: 100
EXAMINER
MODERATOR
FIRST OPPORTUNITY EXAMINATION QUESTION PAPER
DR MOIPI NGAUJAKE
MR NELSONPRADA
INSTRUCTIONS
1. Read the questions and instructions carefully
2. Answer Allthe questions
3. Write neatly and clearly
4. Begin each question on a separate sheet of paper and number the answers clearly
PERMISSIBLE MATERIALS
1. SCIENTIFICCALCULATOR
THIS QUESTION PAPER CONSISTS OF 3 PAGES
(including this front page)
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[SECTION A]
QUESTION 1
(40 MARKS)
1.1 Discuss five (5) sources of equity financing?
(16)
1.2 Explain the following accounting concepts: Entity, Reliability, Cost valuation,
(10)
Going concern, and Stable monetary unit?
1.3 Differentiate between the Classical, Demand and Supply Free Market Theories?
(10)
1.4 Explain the Capitated Method of Payment?
(4)
[SECTION B]
QUESTION 2
(40 MARKS)
2.1 You are the financial manager/ financial advisor for Ngaujake healthcare Pty (Ltd). Use the
financial information provided below to access the entity's financial position using the
respective ratios : As you calculate the ratio also stipulate what each ratio is used for:
2.1.1 Activity Ratios for 2019, 2020. Calculate any two ratios
(18)
2.1.2 Solvency Ratios for 2019, 2020
(22)
Cash Budget 1. The values are in Namibian dollars (N$)
2019
Net Income 5 300,000
Revenue
6,500,000
Cash
1,750,000
Cash
300,000
Equivalents
Inventory 4,200,000
Purchases A 1,050,000
Purchases B 1,000,000
Total Debt 3,500,000
Overhead 245,000
2020
6 350,000
7,750,000
1,900,000
685,000
14,800,000
1,140,000
1,050,000
2,700,000
266,000
Admin and
selling
Overhead
Corporate
Tax
Equity
Total Assets
Account
Receivables
420,000
450,000
13,450000
50,000
1456,000
500,000
850,000
15,850000
83 000
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Current
3,265,000
~ssets
!Total Current 35,000
Liabilities
3,912,000
227,000
[SECTION C]
QUESTION 3
3.1 Explain the concept of inventory turnover.
3.2 Differentiate between cash and operational budgets.
3.3 Discuss why a business requires a budget.
TOTAL: 100 MARKS
GOOD LUCK
(20 MARKS}
(10}
(6)
(4)
3