Questions and Answers of Introduction To Accounting

a. What is price risk?b. What is reinvestment rate risk?
State whether this statement is true or false: “The values of outstanding bonds change whenever the going rate of interest changes. In general, short-term interest rates are more volatile than
What is the purpose of the book?
What are some forms of regulation used in the health services industry?
Briefly, what is the organization of this book?
a. What is the primary goal of investor-owned corporations?b. What is the primary goal of most not-for-profit healthcare corporations?c. Are there substantial differences between the finance goals of
Describe provider incentives and risks under each of the following reimbursement methods:a. Cost-basedb. Charge-based (including discounted charges)c. Per procedured. Per diagnosise. Per diemf.
Assume that Provident Health System, a for-profit hospital, has $1 million in taxable income for 2007, and its tax rate is 30 percent.a. Given this information, what is the firm’s net income?
A firm that owns the stock of another corporation does not have to pay taxes on the entire amount of dividends received. In general, only 30 percent of the dividends received by one corporation from
John Doe is in the 40 percent personal tax bracket. He is considering investing in HCA bonds that carry a 12 percent interest rate.a. What is his after-tax yield (interest rate) on the bonds?b.
George and Margaret Wealthy are in the 48 percent tax bracket, considering both federal and state personal taxes. Norman Briggs, the CEO of Community General Hospital, has been aggressively pursuing
a. What is a stakeholder?b. What stakeholders are most interested in the financial condition of a healthcare provider?
Briefly describe the following concepts as they apply to the preparation of financial statements:a. Accounting entityb. Going concernc. Accounting periodd. Objectivity and reliabilitye. Monetary
Explain the difference between cash and accrual accounting. Be sure to include a discussion of the revenue recognition and matching principles.
a. What is the difference between gross revenues and net revenues?(Hint: Think about discounts and charity care.)b. What is the difference between patient service revenue and other revenue?c. What is
a. What is net income?b. Why is net income called the bottom line?c. What is the difference between net income and cash flow?d. Is financial condition more closely related to net income or to cash
Entries for the Warren Clinic 2007 income statement are listed below in alphabetical order. Reorder the data in proper format. Bad debt expense Depreciation expense General/administrative expenses
Consider the following income statement:a. How does this income statement differ from the one presented in Table 3.1?b. Did BestCare spend $367,000 on new fixed assets during fiscal year 2007? If
Consider this income statement:a. How does this income statement differ from the ones presented in Table 3.1 and Problem 3.2?b. Why does Green Valley show a provision for income taxes while the other
Great Forks Hospital reported net income for 2007 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million.a. What were total expenses for 2007?b. What were total
Assume that Mainline Homecare, a for-profit corporation, had exactly the same situation as reported in Problem 3.5. However, Mainline must pay taxes at a rate of 40 percent of pretax income. Assuming
a. What is the difference between the income statement and balance sheet in regards to timing?b. What is wrong with this statement: “The clinic’s cash balance for 2007 was $150,000, while its net
a. What is the difference between liabilities and equity?b. What makes a liability a current liability?c. Give some examples of current liabilities.d. What is the difference between long-term debt
Middleton Clinic had total assets of $500,000 and an equity balance of$350,000 at the end of 2006. One year later, at the end of 2007, the clinic had $575,000 in assets and $380,000 in equity. What
The following are selected entries for Warren Clinic for December 31, 2007, in alphabetical order. Create Warren Clinic’s balance sheet. Accounts payable Accounts receivable, net Cash $ 20,000
Consider the following balance sheet:a. How does this balance sheet differ from the one presented in Table 4.1 for Sunnyvale?b. What is BestCare’s net working capital for 2007?c. What is
Consider this balance sheet:a. How does this balance sheet differ from the ones presented in Table 4.1 and Problem 4.5?b. What is Green Valley’s net working capital for 2007?c. What is Green
Explain the differences between fixed costs, semi-fixed costs, and variable costs?
Total costs are made up of what components?
a. What is operating leverage?b. How is it measured?
What are the critical differences in profit analysis when conducted in a capitated environment versus a fee-for-service environment?
a. What cost structure is best when a provider is capitated? Explain.b. What cost structure is best when a provider is reimbursed mostly by fee for service? Explain.
Assume that a radiologist group practice has the following cost structure:Furthermore, assume that the group expects to perform 7,500 procedures in the coming year.a. Construct the group’s base
General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services:The hospital expects to have a patient load of 15,000 inpatient days next year.a.
You are considering starting a walk-in clinic. Your financial projections for the first year of operations are as follows:Assume that all costs are fixed, except supply costs, which are
Review the walk-in clinic data presented in Problem 5.5. Construct projected profit and loss statements at volume levels of 8,000, 9,000, 10,000, 11,000, and 12,000 visits.a. Assume that the base
Grandview Clinic has fixed costs of $2 million and an average variable cost rate of $15 per visit. Its sole payer, an HMO, has proposed an annual capitation payment of $150 for each of its 20,000
What is the difference between robots and robotics?
What is the difference between robotics and artificial intelligence?
What is the difference between a humanoid, android, and gynoid robot?
What is the most important part of a robot? Why?
What is the most common robotic programming language?
What is the best way to classify robots? Why?
What is the most important business value of robots?
How can using robots improve work satisfaction and engagement?
How can human beings best compete with robots in the workplace?
What fve types of sensors can have the greatest impact on the capability of a robot and how can a robot use the information from each type sensor?
What is the most important ethical issue in relation to using robots?
How can robots be used to reduce business risk?
What are three examples of product innovation using robots?
What are three examples of business model innovation using robots?
What is the diference between a helicopter-sized drone, a helicopter, and a fying robot?
What is the most important sensor on a drone?
What is the smartest part of a drone?
What is the minimum and maximum number of propellers a drone can have?
How could artifcial intelligence be used in a drone?
Could a drone be used to autonomously trim a hedge? How could it work?
What is the biggest public concern about drones?
What is the biggest legal issue in relation to drones?
What is the most important business value of drones?
How is a 3D printer diferent from a 2D printer?
Can a 3D printer be used for 4D printing?
Which is a more important technology, 3D printing or additive manufacturing?
If you had an old machine for which there were no longer any repair parts being made, how would you go about using a 3D printer to solve that problem?
What is the cheapest and most expensive type of 3D printing technology?
Which 3D printing technology is best for making products out of metal?
Which 3D printing technology is best for making decorative glass products?
Are 3D-printed products as good as those manufactured traditionally?
Will 3D printing be bigger than the internet? Why?
What is the best 3D printer for consumer use? Why?
What is the best 3D printer for industrial use? Why?
What types of services are provided for 3D printing as a service (3DaaS)?
What is the most serious strategic risk for businesses in relation to adopting 3D printing?
Explain in plain language how a cellular network works?
What could you do with 2G that was not possible with 1G?
What can you do with 5G that you can’t do with 4G?
What is an example of a product innovation opportunity presented by 5G and 6G?
What is an example of a business model innovation opportunity presented by 5G and 6G?
What are the potential financial costs and risks of adopting 5G too early?What about the risks of adopting it too late?
What is an example of a product innovation opportunity presented by Satellites GPS III or LEO satellites?
What is an example of a business model innovation opportunity presented by GPS III or LEO satellites?
Which LPWA or LPWAN technology would you use if you frequently took travelers on remote tours and relied on IoT devices to improve the traveler experience?
Which type of LPWA or LPWAN is likely to be the most widely accepted and why?
What is an example of a product innovation opportunity presented by Bluetooth, and NFC, Smart Bluetooth, or Beacons?
What is an example of a business model innovation opportunity presented by NFC, Smart Bluetooth, or Beacons?
What is the difference between blockchain and a distributed ledger?
What are three different metaphors you could use to explain to your grandmother how blockchain works?
Is blockchain trustworthy? Why?
What is the difference between blockchain, Bitcoin, Ethereum, and Ripple (XRP)?
What is the difference between a public key and a private key?
What are the four main components of a blockchain ecosystem?
What are the different types of blockchain and what is the value of each?
Identify and explain the six top features or properties of blockchains.
What is a blockchain block and how is it created?
Can blockchain blocks be modified?
What type of data can be stored in a blockchain?
What is the double spending problem and how does blockchain overcome it?
What is a consensus algorithm?
Identify and explain ten different types of consensus algorithm.
What are the top five platforms for developing blockchain applications?

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