CHAPTER 17: FINANCIAL CONDITION ANALYSISHomework Problem 5.2Healthy Medical CenterOPERATING DATANet inpatient revenueNet outpatient revenueNet patient service revenueInpatient operating expensesTotal salariesTotal dischargesInpatient days# licensed and staffed bedsTotal FTESInpatient FTESOPERATING INDICATOR ANALYSISCalculate the following ratios based upon the data aboveProfit per DischargeNet Price per DischargeOutpatient Revenue %Occupancy RateAverage Length of StayInpatient FTES per Occupied Bed$40,902,330$26,150,670$67,053,000$39,675,260$18,964,670Salary per FTE7,49834,491163496292Healthy MedicalCenterIndustry Average$73$5,96558.5%56.6%4.75.6$33,977For each ratio, provide a brief ratio analysis and comparative analysis.Indicator Analysis:Briefly explain what the indicator meansComparative AnalysisIndicator AnalysisComparative AnalysisIndicator AnalysisComparative AnalysisIndicator AnalysisComparative AnalysisIndicator AnalysisComparative AnalysisIndicator AnalysisComparative AnalysisIndicator AnalysisComparative AnalysisIndicator AnalysisComparative AnalysisCompare The Heart Hospital with peer group averages and explain how it didcompared to other comparable hospitals.

It is an analysis used for analyzing various performances and progresses of a company. There are…

Answered: Healthy Medical Center OPERATING DATA…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cost Department Allocations In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of $29,792, and the Purchasing Department had expenses of $15,370 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: Residential Commercial Government Contract Sales $ 321,000 $ 426,000 $ 978,000 Number of employees: Weekly payroll (52 weeks per year) 120 70 75 Monthly payroll 28 39 26 Number of purchase requisitions per year 2,200 1,600 1,500 Required: a. Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division. Residential Commercial Government Contract Total Number of payroll checks:…
Based on the data in the table below... a. What is the percentage of salaries, wages, and benefits to total expenses. b. What is the operating margin ? Financial statement field Salaries and Wages $ 1,971,053 Benefits $ 645,850 Total Operating Revenue $ 5,345,981 Total Expenses $ 5,009, 251 Operating Income $ 4,564,325
Compare Income Statements and Balance Sheets of Competitors a. Following are selected income statements from two pharmaceutical companies, Pfizer and Dr. Reddy's, for their respective 2018 fiscal years. Express each income statement amount as a percentage of sales. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). Income Statement ($ millions) Sales Pfizer Dr. Reddy's $46,136 0% $1,876 09 Cost of goods sold 11,248 0% 1,009 0% Gross profit 34,888 0% 867 0% Total expenses Net income 26,841 $8,047 0% 0% 878 $(11) 0% 0% b. Following are selected balance sheets from two pharmaceutical companies, Pfizer and Dr. Reddy's, for their respective 2018 fiscal years. Express each balance sheet amount as a percentage of total assets. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). Balance Sheet ($ millions) Pfizer Dr. Reddy's Current assets $42,936 0% $1,448 0% Long-term assets Total assets 109,496 $152,432 0% 1,781 096 0% $3,229 09…
I am working on a journal entry and this is the question. I am not sure on what accounts I should use. Employees earned $2,300 in salaries that will be paid next month. And Completed services that were paid for six months earlier, $4,100.
Woodbury Hospital provided the following data for its three service departments and three operating departments. Total cost Meals served Square feet of space Files processed Service Department Housekeeping Services Food Services Administrative Services Housekeeping Services $ 87,000 Departmental costs before allocations Allocations: Housekeeping Services costs Food Services costs Service Departments 5,000 Administrative Services costs Total costs after allocations Square feet of space Meals served Files processed Food Services $ 301,060 13,000 Allocation Bases Administrative Services $ 249,020 888 6,500 The costs of the service departments are allocated by the step-down method using the allocation bases and in the order shown in the following table: Housekeeping Services Operating Departments Laboratory $ 485,900 2,888 10,000 14,800 Radiology $ 520,500 1,000 7,500 7,000 All billing in the hospital is done through Laboratory, Radiology, or General Hospital. The hospital's administrator…
Divisional income statements with support department allocations Horton Technology has two divisions. Consumer and Commercial and two corporate support departments, Tech Services and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: ACCT 102 Chapter 24 - Homework assignment take frame Teen Services Department 2770,000 292,000 Purchasing Department Other corporate administrative expenses Total expense The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Services Department allocates costs to the divisions based on the number of computers in the department, and the Purchasing Department allocates costs to the divisions based on the number of purchase orders for each department. The services used by the two divisions are as follows: Consumer Division Commercial Division Total Tech Services $1,519,500 260 410 computers 670 457,000 Purchasing 5,100 purchase orders 1,322,900…
Total revenue is 400 and quantity is 20 Calculate average revenue
Select company data: Net Accounts Receivable = $278,000 Total Number of Claims Denied = 1,500 Average Daily Net Patient Service Revenue= $4,700 Number of Correct Coding Data Elements = 5,100 Total Data Elements Required at Coding =6,800 Total Number of Claims Remitted = 45,000 Days between Service Date and Posting of Charge = 7 Using the above select company data elements, calculate and or provide the following performance metrics below (a – d) and identify which of the 4 process areas each one is used for to measure and monitor revenue management. Show all calculations. Claims Denial Rate = Coding Quality Score = Net Days in Receivables = Charge Lag Days =
The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Account Balance (to nearest $) Male Female $50,000 635 495 $50,000-$99,99 9 185 210 $100,000-$150, 000 515 260 > $150,000 155 45 Suppose researchers are going to sample employees from the company for further study. Based on the relative frequency assessment method, what is the probability that a randomly selected employee will have a 401(k) account balance less than $150,000? 0.9200 0.0800 0.6160 0.4040
Service Department Charges In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of $77,376, and the Purchasing Department had expenses of $39,530 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: Residential Commercial GovernmentContract Sales $ 826,000 $ 1,095,000 $ 2,514,000 Number of employees: Weekly payroll (52 weeks per year) 220 60 65 Monthly payroll 36 47 34 Number of purchase requisitions per year 2,800 2,000 1,900 a. Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division. Residential…

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