Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Healthcare Financial Management and Economics
Assignment- Budgeting and Variance Analysis
Instructions:
The following are budgeted and actual revenues and expenses for a hospital.
Budgeted
Actual
Revenues
Surgical Volume
2,500
2,700
Gift Shop Revenues
$19,000
$20,000
Surgery Revenues
$600,500
$850,750
Parking Revenues
$16,000
$18,000
Expenses
Patients Days
27,000
Pharmacy
$120,000
$160,000
Misc Supplies
$66,000
$77,500
Fixed Overhead Costs
$808,000
$880,000
Using an Excel spreadsheet to show your calculations:
1. Determine the total variance between the planned and actual budgets for Surgical Volume. Is the variance favorable or unfavorable?2. Determine the total variance between the planned and actual budgets for Patient Days. Is the variance favorable or unfavorable?3. Determine the service-related variance for Surgical Volume.4. Determine the service-related variance for Patient Days.5. Prepare a flexible budget estimate. Present aside-by-side budget, flexible budget estimate, and the actual Surgical Revenues. 6. Prepare a flexible budget estimate. Present aside-by-side budget, flexible budget estimate, and the actual Patient Expenses. 7. Determine what variances are due to change in volume and what variances are due to change in rates.
Attachment:- Template.xlsx
Holyrood Co. just paid a dividend of $2.10 per share. The company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent divi..
Felicia & Fred’s board has hired a new Chief Operating Officer (COO) to assist them in expanding their operations globally. A close friend of Fred’s from childhood, the new COO, has extensive experience in importing goods and maximizing value for sha..
Even though most corporate bonds in the United States make coupon payments semi-annually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 25 years to maturity, and a coupon r..
Southeast U's campus book store sells course packs for $15.00 each, the variable cost per pack is $12.00, fixed costs for this operation are $300,000, and annual sales are 95,000 packs. The unit variable cost consists of a $3.00 royalty payment, VR ,..
On December 28 each year, you are planning to make a charitable donation of $2880 and are in the 25 percent tax bracket. You are planning to deposit the tax savings in a savings account for the next 13 years at 4 percent, what will be the future valu..
Your company evaluates proposals using a 2.5-year payback period. You have two alternatives for a new boring machine. Alt. A costs $10,000 and will last for six years. Alt.A will save $5,000 in year one and $2,000 in year two. What savings in year 3 ..
Consider the following information: Rate of Return if State Occurs State of Probability of State Economy of Economy Stock A Stock B Recession .23 .025 –.38 Normal .58 .105 .28 Boom .19 .270 .51. Calculate the expected return for the two stocks.
A foreign currency contract allowing the holder (buyer) the right to purchase British Pounds 32,500 on or before March 167, 2016 at a price of $1.5 Per British Pound is a.
The case study outlines six specific strategies that the firm has chosen to support its strategic direction. Determine which strategy is most likely to benefit the firm. Explain your rationale. Briefly outline at least one other strategy the firm cou..
Hammett, Inc., has sales of $19,650, costs of $9,380, depreciation expense of $2,050, and interest expense of $1,540. Assume the tax rate is 35 percent
What must be the beta of a portfolio with E(rP) = 18%, if rf = 4% and E(rM) = 14%?
Your firm has an average receipt size of $155. A bank has approached you concerning a lockbox service that will decrease your total collection time by 2 days. You typically receive 5,500 checks per day. The daily interest rate is .015%. If the bank c..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd