Graceview Hospital purchases $780,000 in surgical supplies each year (at gross prices) from its primary vendor, Medical Distributors, which offers the hospital terms of 4/15, net 45. What is Graceview Hospital's costly trade credit? (365 days in a year)
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- Which offers the cline terms ofHome Infusion provides an average of 14 home health visits a day at an average net charge of $94 per visit. They provide services approximately 250 days per year. All services are paid by two third-party payers: One pays for 29 percent of the billing 19 days after the service is provided and the second pays for the remaining billings in 29 days. Average cost of debt (i.e. the interest rate on bank loans) is 3%. What is the average accounts receivable balance? (Round your final answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $123,456.789 should be entered as 123456.79.) Give typing answer with explanation and conclusionFairview Clinic buys $620,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 6/10, net 30. What is Fairview Clinic's costly trade credit? (365 days in a year) A. $13,194 B. $39,583 C. $32,986 D. $26,389 E. $22,431
- Fairview Clinic buys $500,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers the clinic terms of 5/10, net 30. What is Fairview Clinic's costly trade credit? A. $13,194 B. $39,583 C. $32,986 D. $26,389 E. $22,431What is fairview clinics costly trade credit?What is Fairview clinic's costly trade credit?
- Question: A Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. For example, if a hospital buys supplies from Worley that had cost Worley $100 to buy from manufacturers, Worley would charge the hospital $105 to purchase these supplies. For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown below: Activity Cost Pool (Activity Measure) Customer deliveries (Number of deliveries) Total Cost Total Activity $500,000 5,000 deliveries Manual order processing (Number of manual orders)…QUESTION: B WORLEY COMPANY BUYS SURGICAL SUPPLIES FROM A VARIETY OF MANUFACTURERS AND THEN RESELLS AND DELIVERS THESE SUPPLIES TO HUNDREDS OF HOSPITALS. WORLEY SETS ITS PRICES FOR ALL HOSPITALS BY MARKING UP ITS COST OF GOODS SOLD TO THOSE HOSPITALS BY 5%. FOR EXAMPLE, IF A HOSPITAL BUYS SUPPLIES FROM WORLEY THAT HAD COST WORLEY $100 TO BUY FROM MANUFACTURERS, WORLEY WOULD CHARGE THE HOSPITAL $105 TO PURCHASE THESE SUPPLIES. FOR YEARS, WORLEY BELIEVED THAT THE 5% MARKUP COVERED ITS SELLING AND ADMINISTRATIVE EXPENSES AND PROVIDED A REASONABLE PROFIT. HOWEVER, IN THE FACE OF DECLINING PROFITS WORLEY DECIDED TO IMPLEMENT AN ACTIVITY-BASED COSTING SYSTEM TO HELP IMPROVE ITS UNDERSTANDING OF CUSTOMER PROFITABILITY. THE COMPANY BROKE ITS SELLING AND ADMINISTRATIVE EXPENSES INTO FIVE ACTIVITIES AS SHOWN BELOW: ACTIVITY COST POOL (ACTIVITY MEASURE) TOTAL COST TOTAL ACTIVITY CUSTOMER DELIVERIES (NUMBER OF DELIVERIES) $500,000 5,000 DELIVERIES MANUAL ORDER PROCESSING (NUMBER OF MANUAL ORDERS)…Question: C Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. For example, if a hospital buys supplies from Worley that had cost Worley $100 to buy from manufacturers, Worley would charge the hospital $105 to purchase these supplies. For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown below: Activity Cost Pool (Activity Measure) Customer deliveries (Number of deliveries) Manual order processing (Number of manual orders) Electronic order processing (Number of electronic…