Reorder the data to reflect income statement format

Assignment Help Financial Management
Reference no: EM13947492

From the text " Fundamentals of Healthcare Finance" 2nd edition by Louis C. Gapenski, page 352 end of chapter problem 11.1

Entries for the Warren Clinic 2012 income statement are listed below in alphabetical order. Reorder the data to reflect income statement format.

Bad debt expense - $ 40,000

Depreciation expense - $ 90,000

General/ administrative expenses - $ 70,000

Interest expense - $ 20,000

Nonoperating income - $ 40,000

Net income - $ 30,000

Other operating revenue - $ 10,000

Patient service revenue - $ 440,000

Purchased clinic services - $ 90,000

Salaries and benefits - $ 150,000

Reference no: EM13947492

Questions Cloud

Market prices can be efficiently priced : Market prices can be efficiently priced if:
Include what database software are used : When this would be a potential issue in your memorandum, eliminate details or modify information so as not to violate these rules
Distinguish the role of the np in clinical trials : Nursing research differs from research in other fields in that nursing draws data and develops interventions from a broad knowledge base (e.g. social science, biology, chemistry, etc.). Distinguish the role of the NP in clinical trials
Recommend a design that enhances chip cooling : The top of the burner is exposed to room conditions (Tsur,t = Too,t = 20°C, ht = 40 W/m2 · K), while the bottom of the burner is exposed to combus to ensure adequate airflow passage through the array. Recommend a design that enhances chip cooling.
Reorder the data to reflect income statement format : From the text " Fundamentals of Healthcare Finance" 2nd edition by Louis C. Gapenski, page 352 end of chapter problem 11.1. Entries for the Warren Clinic 2012 income statement are listed below in alphabetical order. Reorder the data to reflect income..
Discuss whether the solution right for the target audience : Be sure to identify the target audience and discuss whether the solution seemed appropriate for the target audience.
Balance in investment account would be equal to the cost : Phan Company owns 28% of the common stock of San Company and accounts for the investment using the equity method. Assuming that Phan Company purchased the stock several years ago, the balance in the investment account would be equal to the cost of th..
Value of the thermal resistance : If the fin thickness and pitch are t = 1 mm  and S = 4 mm, respectively, what is the value of the thermal resistance Rt,o for a one-half section of the fin array?
What is the probability of an odd sum : Two numbers are randomly drawn from (1, 2, 3, ..., 10) with replacement and added together. What is the probability of an odd sum?

Reviews

Write a Review

Financial Management Questions & Answers

  Return on stockholders equity

Rogers Inc. had 500,000 shares of $3 par common stock outstanding at the end of both 2013 and 2014. Retained earnings at the end of 2013 amounted to $2,700,000. No dividends were paid during 2014, and net income for the year was $590,000. Determine R..

  Used to qualify property for the marital deduction

A Q-TIP Trust may be used to qualify property for the marital deduction. All the following statements concerning the requirements that must be met for an effective Q-TIP Trust are correct EXCEPT:

  Court issued a protective order against the request

Rita Peatie filed a suit in a Connecticut state court against WalMart Stores, Inc., to recover for injuries to her head, neck, and shoulder. Peatie claimed that she had been struck two years earlier by a metal cylinder falling from a store ceiling. T..

  Potential methods of modifying end-of-year-six cash flow

You are considering an investment in a new sub-industry of interest to your firm. To understand the importance of terminal value assumptions you have decided to calculate NPV under two different sets of assumptions. The appropriate discount rate for ..

  About the making plans for retirement

You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $80,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retire..

  What is the projected dividend for the coming year

Frey Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 15 percent over the following year, and then 7 percent per year indefinitely. The required return on this stock is 12 percent,..

  What is maximum gain and loss in this covered call position

An investor buys 200 shares of stock selling at $50. The stock now sells for $70 and the investor writes a 70 call for $3.50. What is the maximum gain and loss in this covered call position?

  What was its market debt-to-value ratio

In 2013 Caterpillar Inc. had about 654 million shares outstanding. Their book value was $33 per share, and the market price was $86.50 per share. The company’s balance sheet shows that the company had $19.7 billion of long-term debt, which was curren..

  Analysis of the financial statements

Analysis of the financial statements and provide a recommendation as to whether XYZ should invest or not invest in this company.

  The shorter the time period that funds are invested

The shorter the time period that funds are invested, the greater the future value, so long as the interest rate is positive. The lower the discount rate that funds are invested at, the greater the future value.

  What is the effective cost of borrowing in case

Your firm has an average collection period of 29 days. Current practice is to factor all receivables immediately at a 1.25 percent discount. What is the effective cost of borrowing in this case? Assume that default is extremely unlikely

  What is the effective annual rate on this arrangement

A firm sells its $1,160,000 receivables to a factor for $1,136,800. The average collection period is 1 month. What is the effective annual rate on this arrangement?

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