What impact does this allocation scheme have

Assignment Help Financial Accounting
Reference no: EM132766251

Question - Suppose you just found out that the $3,210 monthly malpractice insurance charge is based on an accounting allocation scheme which divides the hospital's total annual malpractice insurance costs by the total annual number of inpatient days and outpatient visits to obtain a per episode charge. Then, the per episode value is multiplied by each department's projected number of patient days or outpatient visits to obtain each department's malpractice cost allocation. What impact does this allocation scheme have on the clinic's true (cash) profitability? (No calculations are necessary.)

Reference no: EM132766251

Questions Cloud

Prepare a strategic plan using given details : Imagine that you recently began working in a department that supports your company's strategic planning for growth in the industry. Your department head has.
Improve organization ability to present information or data : How might this improve an organization's ability to present information or data? Do charts make it easy for audiences to understand complex numerical data?
Compute the depreciation charge : During 2021, Ulfat uses the machinery for 2,650 hours, and the machinery produces 25,500 units. Compute the depreciation charge
Define virtualization : Define virtualization. Justify the need for organizations to use virtualization. Determine alternatives to virtualization.
What impact does this allocation scheme have : Suppose you just found out that the $3,210 monthly malpractice insurance charge. What impact does this allocation scheme have
Do some research here and set forth your viewpoint : Do some research here and set forth your viewpoint about two to three things that must be done well to stave off a wave of bankruptcies that reduce economic gro
Implement to improve likelihood : Identify what techniques you can implement to improve the likelihood that your communications will be received and understood as you intended.
What is the highest stock exchange ratio : Firm A's Net Income after merger is expected to be $500 million. Firm B's Net Income after merger is $150 million. What is highest stock exchange ratio
Should united states move to given type of system in future : Health care policy in the United States versus other countries. Many countries provide excellent health care for their citizens at no cost (universal health).

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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