Reference no: EM131256726
Next year ABC healthcare organization will serve 100 patients in the following manner
30 Medicare Patients who pay charges less 30%/diagnosis
20 Medicaid patients who pay charges less 30% per diagnosis
20 Self pay who pay charges minus 20% discount
15 managed care patients who pay $700 per subscriber
5 private insurance patients who pay charges
5 bad debt patients who pay nothing
5 indigent patients who pay nothing
ABC’s VC cost is $500 per patient
ABC’s fixed cost is $50,000 per year
ABC’s charges are $1,500 per patient
Other revenue is $30,000
Depreciation is $100,000
Calculate the increase in patients volume necessary to cover ABC’s cost.
Prepares annual financial statements
: Swell Computer Company (SWC) prepares annual financial statements. SWC received advance payments from customers during Year6 of $14,800. At December 31, Year6, $1800 of the advance payments still had not been earned. After the adjustments are recorde..
|
Find the supplies expense for year two
: Joan’s Stitchery Shop purchased supplies at a cost of $1,000 during Year2. At January 1, Year2, the beginning balance in the supplies account was $300. At December 31, Year2, supplies on hand are $100. Find the supplies expense for Year2.
|
Two manufacturing processes-mixing and packaging
: Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2017, inventories consisted of Raw Materials $27,600, Work in P..
|
An increase in accrued payables decreases net income
: When converting an income statement from a cash basis to an accrual basis, which of the following is incorrect? A decrease in salaries payable decreases net income. An adjustment for depreciation reduces net income. A reduction in prepaid expenses de..
|
Calculate increase in patient volume necessary to cover cost
: Next year ABC healthcare organization will serve 100 patients in the following manner. 30 Medicare Patients who pay charges less 30%/diagnosis. 20 Medicaid patients who pay charges less 30% per diagnosis. Calculate the increase in patients volume nec..
|
With the core values of responsible stewardship
: With the core values of responsible stewardship and integrity in mind, discuss management’s responsibility for creating the master budget. Additionally, discuss management’s incentives for understating revenues and overstating expenses when creating ..
|
What would browning report as total current assets
: Listed below are year-end account balances (in $ millions) taken from the records of Browning Hardware, Inc.. What would Browning report as total current assets?
|
Prepare accrual basis journal entries for each transaction
: Rowland & Sons Air Transport Service, Inc. has been in operation for three years. The following transactions occurred in February: Prepare accrual basis journal entries for each transaction. (If no entry is required for a transaction/event, select "N..
|
What is the noncontrolling interests share
: On January 1, 2012, Uncle Company purchased 80 percent of Nephew Company’s capital stock for $592,000 in cash and other assets. Nephew had a book value of $714,000 and the 20 percent noncontrolling interest fair value was $148,000 on that date. What ..
|