How can you judge the current performance of the centre

Assignment Help Finance Basics
Reference no: EM131410237

The Palmer Centre for Alternative Therapy

Jane and Andrew Palmer run a business in Florida that they describe as an ‘alternative therapy centre'. Their treatments range from fairly traditional ones, such as osteopathy, to more experimental ones that work with the body's ‘energy pathways'. Their clients have a range of problems of different severity and symptoms, but in practice their main concern is people who suffer from long-term back problems. The Palmer Centre employs a receptionist who deals with around 20 customers an hour. 70% of these only ask for information and the receptionist can deal with them in a couple of minutes. The remainder are actual patients. Each patient takes about three minutes to give the receptionist information before moving on to consultations with either Jane or Andrew. Roughly two-thirds of patients see Andrew, who spends around 15 minutes with each; the rest see Jane, who spends around 20 minutes with each. After they have finished treatment, the patients return to the receptionist, who takes two minutes to collect information, prepare bills and arrange followup appointments. This arrangement seems to work well, but some patients complain of having to wait. This is particularly important because the Palmers are thinking of expanding and employing another therapist. They will have to do some marketing to attract new clients, but realise that alternative treatments are becoming more popular and finding new business should not be difficult. For the expansion they will have to make some changes to the centre, and build another office and waiting area for the new therapist. If the expansion is a success, they might be tempted to expand even more in the future. This raises the questions of how many offices the centre will need for varying levels of demand and how big the waiting areas should be.

Questions

1. How can you judge the current performance of the centre?

2. Can you find the resources that the centre will need to maintain - or improve - the current level of service with increasing numbers of patients?

Reference no: EM131410237

Questions Cloud

How can i validate the accuracy of my statement : GOVT2305- How can I validate the accuracy of my statement? How is this information relevant? How does my conclusion address the complexities of the issue? What is another interpretation or viewpoint of the issue?
How far does betty have to drive to overtake fred : Fred is driving his Volkswagen Beetle at a steady 20 m/s when he passes Betty sitting at rest in her Porsche. Betty instantly begins accelerating at 5.0m/s^2. How far does Betty have to drive to overtake Fred?
Direction of the incident beam : What is the angle change of a reflected light beam if the direction of the incident beam does not change? Express your answer using two significant figures.
What are the top things a coach can do to make involvement : Coaches play a vital role in the education and positive experiences of young athletes. For this discussion, identify the important points every coach should know about.What are the top five things a coach can do to make involvement in sports a po..
How can you judge the current performance of the centre : Can you find the resources that the centre will need to maintain - or improve - the current level of service with increasing numbers of patients?
Is the momentum conserved : A moving block slides to a stop on a table due to friction. Is the momentum conserved? Why? Suppose that an object moving 5 m/s faster than a second object collides elastically with that second object. Now how much faster is the second object movi..
Define the electric potential to be zero : A finite rod of length L has total charge q, distributed uniformly along its length. The rod lieson the x-axis and is centered at the origin. Thus one endpoint (x, y) is located at (-L/2, 0)and the other is located at (L/2, 0). Define the electric..
What can parents do to make sure their children are ready : Post your thoughts on the following questions for discussion:What can parents do to make sure their children are ready for competitive, organized sports?What can parents do to make sure that competitive, organized sports are a fun, successful, and ..
What is the speed of sound in the substance : A 599 Hz sound wave travels through a substance. The wavelength of the sound wave is measured to be 233 centimeters. What is the speed of sound in the substance in m/s?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd