Managerial accounting : Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization. The number of in-patient days for each month.

Question

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Answer 1

Question

Chapter 15, Problem 3ADM

A.

To determine

Managerial accounting:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization.

The number of in-patient days for each month.

A.

Expert Solution

Answer to Problem 3ADM

The number of in-patient days for the month of April, May and June are 5,760, 6,510 and 6,750 in-patients days respectively.

Explanation of Solution

Working Notes:

Determine the in-patient days for the month of April.

$In−patientdays for April}= Patients admitted×Average length of stay per patients=1,440×4.0=5,760$

Determine the in-patient days for the month of May.

$In−patientdays for May}= Patients admitted×Average length of stay per patients=1,860×3.5=6,510$

Determine the in-patient days for the month of June.

$In−patientdays for June}= Patients admitted×Average length of stay per patients=2,250×3.0=6,750$

B.

To determine

The available bed days rate for each month.

B.

Expert Solution

Answer to Problem 3ADM

The total available beds including both the private and semi private rooms are $(100 + 200)$ 300 rooms.
The available bed day’s rates for the month April, May and June are 9,000, 9,300 and 9,000 bed days respectively.

Explanation of Solution

Working Notes:

Determine the beds available for private rooms.

$Available beds forprivate rooms}=(Number of rooms× Beds per room )=100×1=100$

Determine the beds available for semi-private rooms.

$Available beds forsemi−private rooms}=(Number of rooms× Beds per room )=200×1=200$

Determine the available bed days for the month of April.

$Available bed days for April}=(Bed capacity × Days in April)=300 × 30=9,000$

Determine the available bed days for the month of May.

$Available bed days for May}=(Bed capacity × Days in May)=300 × 31=9,300$

Determine the available bed days for the month of June.

$Available bed days for June}=(Bed capacity × Days in June)=300 × 30=9,000$

C.

To determine

The occupancy rate for the month of April, May, June.

C.

Expert Solution

Answer to Problem 3ADM

The occupancy rates for Hospital V SS for the month of April, May and June are 64%, 70 and 75% respectively.

Explanation of Solution

Working Notes:

Determine the occupancy rate for the month of April.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=5,7609,000×100=64%$

Determine the occupancy rate for the month of May.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,5109,300×100=70%$

Determine the occupancy rate for the month of June.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,7509,000×100=75%$

D.

To determine

To interpret: The results in (C).

D.

Expert Solution

Explanation of Solution

By interpreting the results in (C), it is found that the occupancy rate has been increased from April to May, and again increased from May to June. From the three months data it is found that the number of admission is increasing, while the average length of stay is decreasing. This decline in the average length of stay can be due to the greater efficiency in the treatment, assuming no changes in the treatment mix. Thereby, due to the reduced length of stay and greater occupancy, the hospital can accept more patients each month.

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Answer 2

Question

Chapter 15, Problem 3ADM

A.

To determine

Managerial accounting:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization.

The number of in-patient days for each month.

A.

Expert Solution

Answer to Problem 3ADM

The number of in-patient days for the month of April, May and June are 5,760, 6,510 and 6,750 in-patients days respectively.

Explanation of Solution

Working Notes:

Determine the in-patient days for the month of April.

$In−patientdays for April}= Patients admitted×Average length of stay per patients=1,440×4.0=5,760$

Determine the in-patient days for the month of May.

$In−patientdays for May}= Patients admitted×Average length of stay per patients=1,860×3.5=6,510$

Determine the in-patient days for the month of June.

$In−patientdays for June}= Patients admitted×Average length of stay per patients=2,250×3.0=6,750$

B.

To determine

The available bed days rate for each month.

B.

Expert Solution

Answer to Problem 3ADM

The total available beds including both the private and semi private rooms are $(100 + 200)$ 300 rooms.
The available bed day’s rates for the month April, May and June are 9,000, 9,300 and 9,000 bed days respectively.

Explanation of Solution

Working Notes:

Determine the beds available for private rooms.

$Available beds forprivate rooms}=(Number of rooms× Beds per room )=100×1=100$

Determine the beds available for semi-private rooms.

$Available beds forsemi−private rooms}=(Number of rooms× Beds per room )=200×1=200$

Determine the available bed days for the month of April.

$Available bed days for April}=(Bed capacity × Days in April)=300 × 30=9,000$

Determine the available bed days for the month of May.

$Available bed days for May}=(Bed capacity × Days in May)=300 × 31=9,300$

Determine the available bed days for the month of June.

$Available bed days for June}=(Bed capacity × Days in June)=300 × 30=9,000$

C.

To determine

The occupancy rate for the month of April, May, June.

C.

Expert Solution

Answer to Problem 3ADM

The occupancy rates for Hospital V SS for the month of April, May and June are 64%, 70 and 75% respectively.

Explanation of Solution

Working Notes:

Determine the occupancy rate for the month of April.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=5,7609,000×100=64%$

Determine the occupancy rate for the month of May.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,5109,300×100=70%$

Determine the occupancy rate for the month of June.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,7509,000×100=75%$

D.

To determine

To interpret: The results in (C).

D.

Expert Solution

Explanation of Solution

By interpreting the results in (C), it is found that the occupancy rate has been increased from April to May, and again increased from May to June. From the three months data it is found that the number of admission is increasing, while the average length of stay is decreasing. This decline in the average length of stay can be due to the greater efficiency in the treatment, assuming no changes in the treatment mix. Thereby, due to the reduced length of stay and greater occupancy, the hospital can accept more patients each month.

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Answer 3

Question

Chapter 15, Problem 3ADM

A.

To determine

Managerial accounting:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization.

The number of in-patient days for each month.

A.

Expert Solution

Answer to Problem 3ADM

The number of in-patient days for the month of April, May and June are 5,760, 6,510 and 6,750 in-patients days respectively.

Explanation of Solution

Working Notes:

Determine the in-patient days for the month of April.

$In−patientdays for April}= Patients admitted×Average length of stay per patients=1,440×4.0=5,760$

Determine the in-patient days for the month of May.

$In−patientdays for May}= Patients admitted×Average length of stay per patients=1,860×3.5=6,510$

Determine the in-patient days for the month of June.

$In−patientdays for June}= Patients admitted×Average length of stay per patients=2,250×3.0=6,750$

B.

To determine

The available bed days rate for each month.

B.

Expert Solution

Answer to Problem 3ADM

The total available beds including both the private and semi private rooms are $(100 + 200)$ 300 rooms.
The available bed day’s rates for the month April, May and June are 9,000, 9,300 and 9,000 bed days respectively.

Explanation of Solution

Working Notes:

Determine the beds available for private rooms.

$Available beds forprivate rooms}=(Number of rooms× Beds per room )=100×1=100$

Determine the beds available for semi-private rooms.

$Available beds forsemi−private rooms}=(Number of rooms× Beds per room )=200×1=200$

Determine the available bed days for the month of April.

$Available bed days for April}=(Bed capacity × Days in April)=300 × 30=9,000$

Determine the available bed days for the month of May.

$Available bed days for May}=(Bed capacity × Days in May)=300 × 31=9,300$

Determine the available bed days for the month of June.

$Available bed days for June}=(Bed capacity × Days in June)=300 × 30=9,000$

C.

To determine

The occupancy rate for the month of April, May, June.

C.

Expert Solution

Answer to Problem 3ADM

The occupancy rates for Hospital V SS for the month of April, May and June are 64%, 70 and 75% respectively.

Explanation of Solution

Working Notes:

Determine the occupancy rate for the month of April.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=5,7609,000×100=64%$

Determine the occupancy rate for the month of May.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,5109,300×100=70%$

Determine the occupancy rate for the month of June.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,7509,000×100=75%$

D.

To determine

To interpret: The results in (C).

D.

Expert Solution

Explanation of Solution

By interpreting the results in (C), it is found that the occupancy rate has been increased from April to May, and again increased from May to June. From the three months data it is found that the number of admission is increasing, while the average length of stay is decreasing. This decline in the average length of stay can be due to the greater efficiency in the treatment, assuming no changes in the treatment mix. Thereby, due to the reduced length of stay and greater occupancy, the hospital can accept more patients each month.

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Answer 4

Question

Chapter 15, Problem 3ADM

A.

To determine

Managerial accounting:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization.

The number of in-patient days for each month.

A.

Expert Solution

Answer to Problem 3ADM

The number of in-patient days for the month of April, May and June are 5,760, 6,510 and 6,750 in-patients days respectively.

Explanation of Solution

Working Notes:

Determine the in-patient days for the month of April.

$In−patientdays for April}= Patients admitted×Average length of stay per patients=1,440×4.0=5,760$

Determine the in-patient days for the month of May.

$In−patientdays for May}= Patients admitted×Average length of stay per patients=1,860×3.5=6,510$

Determine the in-patient days for the month of June.

$In−patientdays for June}= Patients admitted×Average length of stay per patients=2,250×3.0=6,750$

B.

To determine

The available bed days rate for each month.

B.

Expert Solution

Answer to Problem 3ADM

The total available beds including both the private and semi private rooms are $(100 + 200)$ 300 rooms.
The available bed day’s rates for the month April, May and June are 9,000, 9,300 and 9,000 bed days respectively.

Explanation of Solution

Working Notes:

Determine the beds available for private rooms.

$Available beds forprivate rooms}=(Number of rooms× Beds per room )=100×1=100$

Determine the beds available for semi-private rooms.

$Available beds forsemi−private rooms}=(Number of rooms× Beds per room )=200×1=200$

Determine the available bed days for the month of April.

$Available bed days for April}=(Bed capacity × Days in April)=300 × 30=9,000$

Determine the available bed days for the month of May.

$Available bed days for May}=(Bed capacity × Days in May)=300 × 31=9,300$

Determine the available bed days for the month of June.

$Available bed days for June}=(Bed capacity × Days in June)=300 × 30=9,000$

C.

To determine

The occupancy rate for the month of April, May, June.

C.

Expert Solution

Answer to Problem 3ADM

The occupancy rates for Hospital V SS for the month of April, May and June are 64%, 70 and 75% respectively.

Explanation of Solution

Working Notes:

Determine the occupancy rate for the month of April.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=5,7609,000×100=64%$

Determine the occupancy rate for the month of May.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,5109,300×100=70%$

Determine the occupancy rate for the month of June.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,7509,000×100=75%$

D.

To determine

To interpret: The results in (C).

D.

Expert Solution

Explanation of Solution

By interpreting the results in (C), it is found that the occupancy rate has been increased from April to May, and again increased from May to June. From the three months data it is found that the number of admission is increasing, while the average length of stay is decreasing. This decline in the average length of stay can be due to the greater efficiency in the treatment, assuming no changes in the treatment mix. Thereby, due to the reduced length of stay and greater occupancy, the hospital can accept more patients each month.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 15, Problem 3ADM

A.

To determine

Managerial accounting:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization.

The number of in-patient days for each month.

A.

Expert Solution

Answer to Problem 3ADM

The number of in-patient days for the month of April, May and June are 5,760, 6,510 and 6,750 in-patients days respectively.

Explanation of Solution

Working Notes:

Determine the in-patient days for the month of April.

$In−patientdays for April}= Patients admitted×Average length of stay per patients=1,440×4.0=5,760$

Determine the in-patient days for the month of May.

$In−patientdays for May}= Patients admitted×Average length of stay per patients=1,860×3.5=6,510$

Determine the in-patient days for the month of June.

$In−patientdays for June}= Patients admitted×Average length of stay per patients=2,250×3.0=6,750$

B.

To determine

The available bed days rate for each month.

B.

Expert Solution

Answer to Problem 3ADM

The total available beds including both the private and semi private rooms are $(100 + 200)$ 300 rooms.
The available bed day’s rates for the month April, May and June are 9,000, 9,300 and 9,000 bed days respectively.

Explanation of Solution

Working Notes:

Determine the beds available for private rooms.

$Available beds forprivate rooms}=(Number of rooms× Beds per room )=100×1=100$

Determine the beds available for semi-private rooms.

$Available beds forsemi−private rooms}=(Number of rooms× Beds per room )=200×1=200$

Determine the available bed days for the month of April.

$Available bed days for April}=(Bed capacity × Days in April)=300 × 30=9,000$

Determine the available bed days for the month of May.

$Available bed days for May}=(Bed capacity × Days in May)=300 × 31=9,300$

Determine the available bed days for the month of June.

$Available bed days for June}=(Bed capacity × Days in June)=300 × 30=9,000$

C.

To determine

The occupancy rate for the month of April, May, June.

C.

Expert Solution

Answer to Problem 3ADM

The occupancy rates for Hospital V SS for the month of April, May and June are 64%, 70 and 75% respectively.

Explanation of Solution

Working Notes:

Determine the occupancy rate for the month of April.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=5,7609,000×100=64%$

Determine the occupancy rate for the month of May.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,5109,300×100=70%$

Determine the occupancy rate for the month of June.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,7509,000×100=75%$

D.

To determine

To interpret: The results in (C).

D.

Expert Solution

Explanation of Solution

By interpreting the results in (C), it is found that the occupancy rate has been increased from April to May, and again increased from May to June. From the three months data it is found that the number of admission is increasing, while the average length of stay is decreasing. This decline in the average length of stay can be due to the greater efficiency in the treatment, assuming no changes in the treatment mix. Thereby, due to the reduced length of stay and greater occupancy, the hospital can accept more patients each month.

Answer 6

Chapter 15, Problem 3ADM

A.

To determine

Managerial accounting:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization.

The number of in-patient days for each month.

A.

Expert Solution

Answer to Problem 3ADM

The number of in-patient days for the month of April, May and June are 5,760, 6,510 and 6,750 in-patients days respectively.

Explanation of Solution

Working Notes:

Determine the in-patient days for the month of April.

$In−patientdays for April}= Patients admitted×Average length of stay per patients=1,440×4.0=5,760$

Determine the in-patient days for the month of May.

$In−patientdays for May}= Patients admitted×Average length of stay per patients=1,860×3.5=6,510$

Determine the in-patient days for the month of June.

$In−patientdays for June}= Patients admitted×Average length of stay per patients=2,250×3.0=6,750$

Answer 7

Chapter 15, Problem 3ADM

A.

To determine

Managerial accounting:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating the information, which is designed to meet the goals of the organization.

The number of in-patient days for each month.

Answer 8

A.

Expert Solution

Answer to Problem 3ADM

The number of in-patient days for the month of April, May and June are 5,760, 6,510 and 6,750 in-patients days respectively.

Answer 9

A.

Expert Solution

Answer 10

A.

Expert Solution

Answer 11

Expert Solution

Answer 12

Explanation of Solution

Working Notes:

Determine the in-patient days for the month of April.

$In−patientdays for April}= Patients admitted×Average length of stay per patients=1,440×4.0=5,760$

Determine the in-patient days for the month of May.

$In−patientdays for May}= Patients admitted×Average length of stay per patients=1,860×3.5=6,510$

Determine the in-patient days for the month of June.

$In−patientdays for June}= Patients admitted×Average length of stay per patients=2,250×3.0=6,750$

Answer 13

B.

To determine

The available bed days rate for each month.

B.

Expert Solution

Answer to Problem 3ADM

The total available beds including both the private and semi private rooms are $(100 + 200)$ 300 rooms.
The available bed day’s rates for the month April, May and June are 9,000, 9,300 and 9,000 bed days respectively.

Explanation of Solution

Working Notes:

Determine the beds available for private rooms.

$Available beds forprivate rooms}=(Number of rooms× Beds per room )=100×1=100$

Determine the beds available for semi-private rooms.

$Available beds forsemi−private rooms}=(Number of rooms× Beds per room )=200×1=200$

Determine the available bed days for the month of April.

$Available bed days for April}=(Bed capacity × Days in April)=300 × 30=9,000$

Determine the available bed days for the month of May.

$Available bed days for May}=(Bed capacity × Days in May)=300 × 31=9,300$

Determine the available bed days for the month of June.

$Available bed days for June}=(Bed capacity × Days in June)=300 × 30=9,000$

Answer 14

B.

To determine

The available bed days rate for each month.

Answer 15

B.

Expert Solution

Answer to Problem 3ADM

The total available beds including both the private and semi private rooms are $(100 + 200)$ 300 rooms.
The available bed day’s rates for the month April, May and June are 9,000, 9,300 and 9,000 bed days respectively.

Answer 16

B.

Expert Solution

Answer 17

B.

Expert Solution

Answer 18

Expert Solution

Answer 19

Explanation of Solution

Working Notes:

Determine the beds available for private rooms.

$Available beds forprivate rooms}=(Number of rooms× Beds per room )=100×1=100$

Determine the beds available for semi-private rooms.

$Available beds forsemi−private rooms}=(Number of rooms× Beds per room )=200×1=200$

Determine the available bed days for the month of April.

$Available bed days for April}=(Bed capacity × Days in April)=300 × 30=9,000$

Determine the available bed days for the month of May.

$Available bed days for May}=(Bed capacity × Days in May)=300 × 31=9,300$

Determine the available bed days for the month of June.

$Available bed days for June}=(Bed capacity × Days in June)=300 × 30=9,000$

Answer 20

C.

To determine

The occupancy rate for the month of April, May, June.

C.

Expert Solution

Answer to Problem 3ADM

The occupancy rates for Hospital V SS for the month of April, May and June are 64%, 70 and 75% respectively.

Explanation of Solution

Working Notes:

Determine the occupancy rate for the month of April.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=5,7609,000×100=64%$

Determine the occupancy rate for the month of May.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,5109,300×100=70%$

Determine the occupancy rate for the month of June.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,7509,000×100=75%$

Answer 21

C.

To determine

The occupancy rate for the month of April, May, June.

Answer 22

C.

Expert Solution

Answer to Problem 3ADM

The occupancy rates for Hospital V SS for the month of April, May and June are 64%, 70 and 75% respectively.

Answer 23

C.

Expert Solution

Answer 24

C.

Expert Solution

Answer 25

Expert Solution

Answer 26

Explanation of Solution

Working Notes:

Determine the occupancy rate for the month of April.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=5,7609,000×100=64%$

Determine the occupancy rate for the month of May.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,5109,300×100=70%$

Determine the occupancy rate for the month of June.

$Occupancy rate=In-patient days [A]Available bed days [B]×100=6,7509,000×100=75%$

Answer 27

D.

To determine

To interpret: The results in (C).

D.

Expert Solution

Explanation of Solution

By interpreting the results in (C), it is found that the occupancy rate has been increased from April to May, and again increased from May to June. From the three months data it is found that the number of admission is increasing, while the average length of stay is decreasing. This decline in the average length of stay can be due to the greater efficiency in the treatment, assuming no changes in the treatment mix. Thereby, due to the reduced length of stay and greater occupancy, the hospital can accept more patients each month.

Answer 28

D.

To determine

To interpret: The results in (C).

Answer 29

D.

Expert Solution

Explanation of Solution

By interpreting the results in (C), it is found that the occupancy rate has been increased from April to May, and again increased from May to June. From the three months data it is found that the number of admission is increasing, while the average length of stay is decreasing. This decline in the average length of stay can be due to the greater efficiency in the treatment, assuming no changes in the treatment mix. Thereby, due to the reduced length of stay and greater occupancy, the hospital can accept more patients each month.