Reference no: EM131386361
Assignment
Part I
The budget scenario consists of actual and budgeted figures. Assume that Eastside Urgent Care Clinic anticipated that it would provide 2,500 flu shots in 2010 to noninsured patients at $10 per shot. The revenue and expenses were budgeted for 2,700 flu shots in 2010 to noninsured patients. The budgeted expenses were $5,000. Assume that the clinic provided only 2,455 flu shots to noninsured patients, or 98%. The actual expenses were $4,500.
Calculate the following:
• Static budget variance
• Revenue
• Expenses
• Excess of expenses over revenue
Part II
Of the 4 cash flow reporting methods provided, which method is used in the following scenario?
Scenario:
Assumptions
• Item: The proposal is for the purchase of a new MRI machine
• Cost: The machine costs $1,500,000. The cost for preparing the MRI suite is $500,000. The total cost is $2 million.
• Life: 10 years
• Salvage value: $100,000
• Cost of capital: Estimated at 5%
• Cash flow: The MRI machine is expected to generate revenue.
The increase in revenue is anticipated to be $2,500,000 over a period of 5 years.
• Year 0 = ($2,000,000)
• Year 1 = $500,000
• Year 2 = $500,000
• Year 3 = $500,000
• Year 4 = $500,000
• Year 5 = $500,000.
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