Question
April's Apothecary receives a monthly capitation fee of $210.00/month for Nauseous Nancy. Last month, Nancy's prescriptions totaled $188.75. How much did the pharmacy make off
- April's Apothecary receives a monthly capitation fee of $210.00/month for Nauseous Nancy. Last month, Nancy's prescriptions totaled $188.75. How much did the pharmacy make off of her capitation fee?
Solve the following depreciation problem using the straight-line method.
2. The pharmacy uses a 1 year old compact car for drug deliveries. The car cost $9,420.00 and is expected to last four years from date of purchase. Its disposal value is $4,867.00. What is the annual depreciation?
3. If the discount on a wholesaler invoice for $12,300 was $369, what was the percent discount?
4. If two medications had an expiration of 02/2020 and 02/28/2020, which medication would expire first and why?
5. Calculate the dispensing fee for a pharmacy with the following annual expenses if they filled 80,000 prescriptions annually.
Labor Expenses:
Wages for pharmacists = $138,801.60
Wages for technicians = $61,689.60
Cost of benefits = $51,340.20
Direct Expenses:
Vials and caps = = $9,600.00
Labels, patient information, bags = $8,317.63
Computer system = $2,000.00
Indirect Expenses:
Rent = $13,860.00
Utilities = $2,400.00
Insurances = $5,520.00
6. Calculate how many times each of the following pharmacies turnover their inventory on an annual basis.
If April's Apothecary has an average inventory for the last year was $101,643.18, and the annual cost total was $1,168,896.70, what was the turnover rate?
7. Solve for the gross profit and the net profit using a set dispensing fee of $5.
The pharmacy purchased 100 capsules of fluoxetine 20 mg for $213.56 and sold 30 capsules for $108.10. What is the gross profit? What is the net profit?
8. Perform the following days' supply of inventory calculations.
Drummond's Drug Store has a total inventory value of $168,874.98. Last week the pharmacy had sales of $45,955.44, and the cost to the pharmacy for the products sold came to $38,971.20. Drummond's goal is to have a 30 days' supply of inventory. How many days' supply does Drummond have? How much is he over or under his goal in dollars?
9. Balance the following cash report. Solve for the boxes highlighted in yellow.
Register 1 | Register 2 | Register 3 | Total | |
+ Cash and Checks | 1264.56 | 790.01 | 233.56 | |
+ Bank Charges | 789.03 | 235.56 | 78.90 | |
+ House Charges | --- | --- | 25.00 | |
+ Paid Outs | 20.00 | 10.00 | --- | |
Total | ||||
+ Closing Reading | 2,151.47 | 1,095.03 | 389.47 | |
- Opening Reading | 50.00 | 50.00 | 50.00 | |
= Difference | ||||
- Coupons | 7.50 | 1.75 | --- | |
- Discounts | 12.34 | 7.67 | --- | |
- Voids | --- | --- | --- | |
- Refunds | 8.00 | --- | --- | |
- Over-Rings | --- | --- | --- | |
Total | ||||
Over + or Short - |
10. Solve for the gross profit and the net profit using a set dispensing fee of $5.
The pharmacy purchased 25 nebulizer vials of albuterol inhalation solution for $25.90 and sold 25 vials for $46.85. What is the gross profit? What is the net profit?
11. Calculate how many times each of the following pharmacies turnover their inventory on an annual basis.
If Drummond's Drug Store has an average inventory for the last year was $168,875.20, and the annual cost total was $2,026,402.40, what was the turnover rate?
12. A senior citizen is paying for a prescription for furosemide 30 mg #30. The usual and customary price is $5.00. However, this patient qualifies for a 10% discount. How much will the patient pay?
13. How are Schedule III-V medications ordered?
14. How are Schedule II medications ordered?
15.How are Schedule II medications ordered?
16. Perform the following days' supply of inventory calculations.
April's Apothecary has a total inventory value of $101,643.30. Last week the pharmacy had sales of $26,974.54, and the cost to the pharmacy for the products sold came to $22,478.79. April's goal is to have a 35 days' supply of inventory. How many days' supply does April have? How much is she over or under her goal in dollars?
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