Great Forks Hospital reported net income for 2008 of $2.4 million on total revenues of $30 million.

Question:

Great Forks Hospital reported net income for 2008 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million.

a. What were total expenses for 2008?

b. What were total cash expenses for 2008? (Hint: Assume that all expenses, except depreciation, were cash expenses.)

c.What was the hospital’s 2008 cash flow?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Healthcare Finance

ISBN: 9781567933154

1st Edition

Authors: Louis C. Gapenski

See More Books

Question Posted: Jun 04, 2024 02:24 AM

See More Questions

1- INCOME STATEMENTS ( CHP 3 ) 3.1Entries for the Warren Clinic 2011 income statement are listed below in alphabetical order. Reorder the data in proper format. Bad debt expense Depreciation expense...
Great Forks Hospital reported net income for 2015 of $$2.4$ million on total revenues of $$30$ million. Depreciation expense totaled $$1$ million. a. What were total expenses for 2015? b. What...
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...
Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1% Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2% What are the...
The following data are the number of cans of beverage fraternity members versus new plebes drink during an evening at an on-campus versus off-campus party. N = 32, with each participant appearing in...
Show that a dominant trading strategy exists if and only if there exists a trading strategy satisfying V 0 1() 0 for all . Consider the dominant trading strategy H = (ho h ... hm) satisfying Vo =...
Performance of a bus depot. Refer to the International Journal of Engineering Science and Technology (February 2011) study of public bus depot performance, Exercise
Ralph Henwood was paid a salary of $64,600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of...
You sold short 300 shares of common stock at $75 per share. The initial margin is 50%. You must put up $ of your own money
Brandywine Clinic, a not-for-profit business, had revenues of $12 million in 2008. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All...
Consider this income statement: a. How does this income statement differ from the ones presented in Table 11.1 and Problem 11.2? b. Why does Green Valley show a provision for income taxes while the...
Germaine, 22, is a single individual with no dependents who recently graduated from college. She has job offers from two firms. Germaine likes both companies equally well and has decided to base her...
In the circuit shown below, IE = 120 mA, a = 0.99, a2 = 0.98. Assuming that both transistors are in the active state, answer the following questions: 1. Find IC, IB, IE, IC, and Ic. 2. Find the...
Find the open intervals where the function is concave upward or concave downward. Find any inflection points. f(x)=-(x+1)6 Find any critical numbers for f and then use the second derivative test to...
Worked Example A two-dimensional incompressible flow is expressed by the velocity functions: u = -2xy y = y = x 1 w=0 Find the pressure field p(x, y) when the pressure at the origin (x=o, y=o) is p.....
The following information is available for Blue Spruce Corp. for 2022. Cash used to purchase treasury stock Cash dividends paid $111,592 50,576 Cash paid for interest Net income 51,968 1,077,176...
3 4pts Foam k MA C L H W F A box is transported by a truck. Suddenly, the driver uses the brakes and applies 100 N deceleration force to the box. The weight of the box is 20 Kg and its dimensions are...
The adjusted trial balance of Parsons Company at December 31, 2014, includes the following accounts: Owners Capital $15,600, Owners Drawings $7,000, Service Revenue $37,000, Salaries and Wages...
Smiths Family Fashions implemented a balanced scorecard performance measurement system several years ago. Smiths is a locally owned clothing retailer with fashions for men, women, teens, and...
Regarding Enron, this was a company that resulted in the creation of the Sarbanes-Oxley Act and many reforms to the accounting profession. Research the company and answer the following...
Clayton received a $140,000 distribution from his 401(k) account this year. Assuming Clayton's marginal tax rate is 25 percent, what is the total amount of tax and penalty Shauna will be required to...
Mass LLp developed software that helps farmers to plow their fiels in a mannyue sthat precvents erosion and maimizes the effoctiveness of irrigation. Suny dale paid a licesnsing fee of $23000 for a...

Great Forks Hospital reported net income for 2008 of $2.4 million on total revenues of $30 million.

Question:

Step by Step Answer:

Fundamentals Of Healthcare Finance

Students also viewed these Business questions