Q 1 assume that you are the nursing administrator for a

Assignment Help Finance Basics
Reference no: EM13368057

Q. 1. Assume that you are the nursing administrator for a medical group that expects a severe outbreak of flu this winter.  You hire additional staff to treat patients and administer shots.  Your special project budget was for 1,000 hours of part-time nurses' services at $40 per hour, for a total of $40,000.  It was expected that these nurses would treat 2,000 patients.  After the flu season was over, it turned out that the total spent on part-time nurses was $50,000.  The nurses worked 1,200 hours and 2,600 patients were treated.  Calculate the variances.  Was the overall result favorable or unfavorable?

Q. 2. Using the information from problem 8-29, assume that the nursing administrator expected 400 patients for flu shots and 1,600 for flu treatment.  The medical group typically charges $50 for a flu shot and $80 for treating a flu patient.  Actually, the group had 1,200 patients who received flu shots and 1,400 who had the flu and received treatment.  On average, it was able to collect $55 per flu shot and $70 per flu patient.  Compute the volume, mix, and price revenue variances.  How did things turn out for the group considering just revenues?  How did they turn out from a profit perspective?

 

Reference no: EM13368057

Questions Cloud

Enhancing self esteem in the workplaceself-esteem relates : enhancing self esteem in the workplaceself-esteem relates to the way an individual views ones self. this belief can
Motivating employees to take on additional : motivating employees to take on additional responsibilitiesif you are assigned a supervisory role at work how can you
Research paper topicnbspbiofuelsidentify a current : research paper topicnbspbiofuelsidentify a current engineering technology design product concept or innovation that has
Roosterfish corporationnbsproosterfishhad a tax liability : roosterfish corporationnbsproosterfishhad a tax liability for 20x7 of 20000 based on a tax rate of 40.nbsp the
Q 1 assume that you are the nursing administrator for a : q. 1. assume that you are the nursing administrator for a medical group that expects a severe outbreak of flu this
Create a program using asmide which utilizes the fox 11 : create a program using asmide which utilizes the fox 11 68hc11 microcontroller board speech timer where max time is 5
The course is strategic human resources management the book : the course is strategic human resources management. the book utilizing is human resources management a strategic
Course is world geography book used is the world today : course is world geography book used is the world today concepts and regions in geography 6th edition authors are de
Question 1 hedonic wage theory and employee : question 1 hedonic wage theory and employee benefitsconsider a worker that ranks combinations of employee benefits b

Reviews

Write a Review

Finance Basics Questions & Answers

  Prepare a table to summarize the preceding transactions

Expert Consulting Services Corporation was organized on March 1, 2010 by two former college roommates. The company provides computer consulting services to small businesses.

  What is the effective cost of borrowing in this case

What is the effective cost of borrowing in this case? Assume that default is extremely unlikely. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.

  Sources of financing

Identify potential domestic and international sources of financing for your global venture project. Examine the role of external governance and its impact to the organization.

  What rate of interest is the he earning on this money

Fifteen years ago, John set aside $100,000 in case of a financial emergency. Today, that account has increased in value to $257,184. What rate of interest is the he earning on this money.

  Limit risk exposure through using forward contract

Describe how a firm's management can limit risk exposure through using  the forward contract. What sorts of forward contracts are available?

  How much faster would a home sell

How much faster would a home sell if there was a sign that said "financing available" attached to the normal sale sign.

  What is the total value of these amounts

An investment is expected to pay $300 at the end of year 3, $500 at the end of year 5, and $300 at the end of year 7. What is the total value of these amounts as of today if discount rate is 6%?

  What is the job worth to you today

You have a sub-contracting job with a local manufacturing firm. your agreement calls for annual payment of 82000 for the next 3 years. at a discount rate of 9.5 percent, what is the job worth to you today?

  Calculate how much more michael will need

To make up the shortfall, Michael will make monthly contributions to his investment account which earns 6% compounded annually. How much must he save each month to have enough to buy the house in 4 years' time?

  What must the expected return on this stock be

A stock has a beta of 1.05, the expected return on the market is 14 percent, and the risk-free rate is 8.4 percent. What must the expected return on this stock be?

  Which differs in meaning from the other three

Of the following, which differs in meaning from the other three?

  Determine what is the expected return of the portfolio

Create an equally weighted portfolio of five computer software stocks. Is such a portfolio a diversified portfolio. What is the beta of the portfolio. What is the expected return of the portfolio.

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