Determine the amount of net operating income that would result for a hospital whose payer mix and expected volume (100 cases) is as follows:ANSWER ALL QUESTIONS AND SHOW THE WORK!
SHOW ALL WORK
Determine the amount of net operating income that would result for a hospital whose payer mix and expected volume (100 cases) is as follows:
30 Medicare cases pay $2,000 per case30 Blue Cross Blue Shield cases pay $2,200 per case20 commercial cases pay 100 percent of charges10 Medicaid cases pay average cost8 self-pay cases pay 100 percent of charges2 charity cases pay nothingAverage cost per case is expected to be $2,200, and the average charge per case is $2,500
I should see the following: ( show work)A total for gross patient revenueA total for deductions for gross patient revenueNet patient revenueTotal expensesExcess of revenue over expensesMs. J
Calculate gross patient revenue, deductions from gross patient revenue, net patient revenue, total expenses, and excess of revenues over expenses.Define revenueDefine fee for service, discounted fee for service, charity services, and payment before service is delivered. ( all written assignments must be in APA format)
Time Value of Money (TVM)
Calculate the Future Value of $1 in each of these 3 projects
Project Number of periods Interest rate
Pop 5 11%
Whistle 4 7%
Loop 3 8%
Calculate the Present Value of each of the Projects below:
Project End of period Discount rate Single cash Flow
Pop 5 11% $10,000
Whistle 15 7% 7,500
Loop 25 8% 5,000
Future value and present value concepts are extremely important to the role of financial management and impact cash flow. The response and discussion activities for this objective may require research on the topic of time value in finance.
Explain the role of time value in finance and evaluate the impact it has in financial management.
Income Statement Preparation:
Prepare an Income Statement, in proper format, for 2015 for Johnson Medical Supplies (JMS) from the following information:
Salaries $70,000Insurance $700Utilities $3,500Gas/Auto $5,750Office Supplies $7,250Revenue $175,000Rent $12,000Maintenance $50,000
Calculate, define, and discuss the operating expenses, operating profit, and profit percentage.
Discuss what an income statement is
Did JMS have a good year? Why/Why not?
a. Look at industry average
Complete the ratios listed based on the following Income Statement and Balance Sheet.ABC Company Income Statement Last YearSales $1,000,000 $900,000Cost of Goods Sold $750,000 $650,000Gross Profit $250,000 $250,000Operating ExpensesSelling Expenses $50,000Administrative Expenses $85,000Total Operating Expenses $135,000 $127,000Operating Income $115,000 $123,000Interest Expense $17,500 $17,500Net Income before Taxes $97,500 $105,500Income Tax Expense $34,125 $36,925Net Income after Taxes $63,375 $68,575ABC Company Balance SheetCurrent AssetsCash $5,500 $4,950Accounts Receivable $21,000 $18,900Inventory $17,500 $15,750Total Current Assets $44,000 $39,600Non-Current AssetsMachinery & Equipment $100,000 $90,000Furniture & Fixtures $15,000 $13,500Transportation Equipment $25,000 $22,500Accumulated Depreciation $17,500 $15,750Total Non-Current Assets $122,500 $110,250Total Assets $166,500 $149,850Current LiabilitiesAccounts Payable $25,000 $22,500Notes Payable $15,500 $13,950Wages Payable $1,200 $1,080Current Liabilities $41,700 $37,530Non-Current LiabilitiesLong-Term Notes $27,000 $24,300Total Liabilities $68,700 $61,830Stockholders’ EquityRetained Earnings $65,000 $58,500Common Stock $32,800 $29,520Total Equity $97,800 $88,020Total Liabilities & Equity $166,500 $149,850Quick Ratio
Accounts Receivable Turnover
Net Profit on Sales
Gross Profit Margin
Return on Assets
Return on Equity
Debt to Equity
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