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Budget assumptions for this exercise include both inpatient and outpatient revenue and expense. Assumptions are as follows: As to the initial budget: The budget anticipated 30,000 inpatient days this year at an average of $650 revenue per day. The inpatient expenses were budgeted at $600 per patient day. The budget anticipated 10,000 outpatient visits this year at an average of $400 revenue per visit. Outpatient expenses were budgeted at $380 per visit As to the actual results: Assume that only 27,000 or 90% of the inpatient days are going to actually be achieved for the year. The average revenue of $650 per day will be achieved for these 270,000 inpatient days. The outpatient visits will actually amount to 110%, or 11,000 for the year. The average revenue of $400 per visit will be achieved for these 11,000 visits. Further assume that, due to the heroic efforts of the Chief Financial Officer, the actual inpatient expenses will amount to $11,600,000 and the actual outpatient expenses will amount to $4,000,000 REQUIRED: 1. Set up three worksheets that follow the format of those in Example 15A. However, in each of your worksheets make two lines for revenue; label one as Revenue-Inpatient and the other Revenue--Outpatient. Add a Revenue Subtotal line. Likewise, make two lines for expense; label one as Expense--Inpatient and the other Expense--Outpatient. Add an Expense Subtotal line. 2. Using the new assumptions, complete the first worksheet for "As Budgeted." 3. Using the new assumptions, complete the second worksheet for "Actual." 4. Using the new assumptions, complete the third worksheet for "Static Budget Variance." Complete the excess of revenue over expenses for actual, budget, and static budget variance.
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This small project of financial management required to prepared and statement showing gross income bas on the given instructions. This instrument were divided into four part each parts has its Owen method to compute gross income
You have $16,000 you want to invest for the next 32 years. You are offered an investment plan that will pay you 8 percent per year for the next 16 years and 12 percent per year for the last 16 years. How much will you have at the end of the 32 years?..
Dudley Savings Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 107 − 100. Dudley Savings thinks interest rates will go down over the period of investment. The face value of the bond underlying the fu..
A firm has $100 million in current liabilities, $200 million in total long-term liabilities, $300 million in stockholders' equity, and total assets of $600 million. Calculate the firm's ratio of long-term debt to long-term debt plus equity.
Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.00 million. This investment will consist of $2.00 million for land and $10.00 million for trucks..
Jackson Central has a 8-year, 8% semi-annual coupon bond. Jackson Central bond’s currently sells for 111. According to data, a 8-year, 8% Treasury bond sells for 125. What is the expected percentage price change of this bond?
Suppose you deposit $ 2,000 today and your account will accumulate to $ 4,000 in 10 years. What is the nominal annual rate of interest, given semiannual compounding? HKL Co. plans a new project that will generate $ 170,000 of continuous cash flow eac..
Mr. Flint is the president of Martell Company. If he gets a deferred annuity of $4500 per year for 10 years, with the first payment received at the end of the third year (and the next a year from then and so on until all 10 payments are received), wh..
Your company acquires inventory on account. Select the impact on your financial statements.
The rate of return on Cherry Jalopies, Inc., stock over the last five years was 16 percent, 11 percent, -1 percent, 6 percent, and 11 percent. Over the same period, the return on Straw Construction Company’s stock was 16 percent, 23 percent, -6 perce..
Explain in detail how the four kinds of float (billing, collections, transit and disbursement) can be used to maximize the efficiency of incoming revenues and outgoing expenditures? What kinds of policies can be initiated to facilitate maximum effici..
Using the cost-benefit analysis method , estimate how much money MidCorp should spend on power protection. You will have to make several assumptions to do this. Your answer should contain an "assumptions" section in which you list them. Justify each ..
You bought a stock three months ago for $75.82 per share. The stock paid no dividends. The current share price is $79.09. What is the APR and EAR of your investment?
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