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Fargo Memorial Hospital has annual net patient service revenues of $14,400,000. It has two major third-party payers, plus some of its patient is self-payers. The hospitals patient accounts manager estimates that 10% of the hospitals paying patients (its self payers) pay on Day 30, 60, percent pay on Day 60 (Payer A), and 30% pay on Day 90 (payer B). (Five percent of total billings end up as bad debt losses, but that is not relevant for this problem). A. What is Fargo s average collection period ? (Assume 360 days per year throughout this problem). B. What is the firms current receivables balance? C. What would be the firms new receivables balance if a newly proposed electronic claims system resulted in collecting from third-party payers in 45 and 75 days, instead of in 60 and 90 days? D. Suppose the firms annual cost of carrying receivables was 10%. If the element claims system costs $30,000 a year to lease and operate, should it be adopted (Assume that the entire receivables balance has to be financed.
Should all or most budget fluctuations be anticipated.
Determine which of the following ratios measures an organization's liquidity also find which of the following ratios would tell an investor about the profitability of the organization?
Conseco, Inc., has a debt ratio of 0.43. What are the company's debt-to-equity ratio and equity multiplier?
If the firm had made a purchase of $100,000 for which it had been given terms of 2/10 net 30, would it increase the firm's profitability to give up the discount and not borrow as recommended in part b? Why or why not?
A preferred stock pays a $7 dividend, and the required rate of return that investors have for this stock is 9%. Given these conditions, what is today's value of the stock?
A corporation uses a Miller-Orr cash management approach with a lower limit of $50,000, an upper limit of $130,000, and a target balance of $75,000.
Assume that expected rates of inflation over the next 5 years are 4 percent, 7 percent, 10 percent, 8 percent, and 6 percent, respectively. What is the average expected inflation rate over this 5-year period?
Douglass Gardens pays an annual dividend that is expected to increase by 4.1 percent per year. The stock commands a market rate of return of 12.6 percent and sells for $24.90 a share. What is the expected amount of the next dividend?
Find out the amount of the specific payment needed to pay off the following purchases. Payments are made at the end of the period.
Case Study: The following capital structure is taken from Bata Boots Co. balance sheet for the fiscal year ended April 30, 2005. This is considered the firm’s optimal capital structure.
Flying Tigers, Inc., has net sales of $738,000 and accounts receivables of $161,000. What is the firm's accounts receivables turnover?
Procedures/processes contributing to the integration of standardization and simplification in developing specifications for new products.
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