While Community-Based Services Such as Adult Day Care Centers and Services

question 17

Multiple Choice

While community-based services such as adult day care centers and services brought into the home such as homemaker health aides services as well as quasi-institutional services and other services are a part of the long-term care continuum, nursing homes are considered by many as the very foundation of the long-term care system. Which statement/statements below were accurate for nursing homes in 2015?

• A) There were more than 20,000 nursing homes serving more than 1.3 million persons
• B) Approximately 30% of nursing homes were operated as nonprofits
• C) Approximately 71% of nursing homes were moderate and/or small in size
• D) a and b
• E) b and c
• F) All of the above
• G) None of the above

Understand the financial and capital impact of partner withdrawal from a partnership.

Analyze the effects of adding a new partner to a partnership through investment or purchase of interest.

Calculate new capital account balances after partner retirement or withdrawal.

Identify characteristics and legal features of partnership.

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Definitions:

Dividend Yield Ratio

A financial ratio that indicates how much a company pays out in dividends each year relative to its stock price.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace.

Stock Split

An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares.

Par Value

The nominal value per share of stock as specified in the corporate charter; also, another name for bond principal, or the maturity amount of a bond (in Chapter 10).