Question
Choose one of the two financial exercises for this weeks assignment. Financial Exercise #1 Using the data in Tables 6.4 and 6.5 in your text,
Choose one of the two financial exercises for this weeks assignment.
Financial Exercise #1
Using the data in Tables 6.4 and 6.5 in your text, calculate the total year-end bonus amount for a nurse manager who earns $100,000 annually, has a 10% bonus target, meets the individual financial contributions, and completes his or her assigned tactics, but fails to meet some of the individual and unit operational goals, and works in a hospital that has met all of its strategic, operational, and financial goals, achieved 115% of the projected EBITDA, and utilizes the all-or-nothing approach to the incentive compensation criteria. Assume that the maximum aggregate bonus amount is set high enough for all to receive the entire individually calculated bonus amounts.
Hint
Maximum bonus potential =
Company results contribution maximum:
Unit results contribution maximum:
Individual results contribution maximum:
Total bonus payout:
Complete the calculation for this assignment in a word document. Upload the document to the Week 6 Assignment link
OR
Financial Exercise #2
1. Review the income statement provided in Table 7.2 and address the following questions: From your analysis, you understand that the net margin for the organization has shown strong growth over the past year. What factor/s is/are driving this improved performance? What concerns do you have regarding current financial performance of this organization? As an executive leader within this organization, what priority issues should this organization address? Is your impression of the reported financial performance generally favorable or unfavorable? Why?
2. Using the data in Table 7.1 and the definitions from Table 7.4, calculate the days cash on hand. What information does this financial ratio provide? If you were concerned about the result, what could be done to positively impact this ratio? In what ways could this ratio be negatively impacted?
3. Using the information in the following table, calculate the average daily census and the bed utilization rate over the last 3 months for this 395-bed hospital.
| Month | July | August | September |
| Days of service | 11,480 | 10,150 | 9,765 |
View Rubric
| Operational Bonus | ||
|---|---|---|
| Criteria | Ratings | Pts |
| Description of criterion view longer description | 100 pts Proficient The operational bonus exercise was completed. All calculations are correct.50 pts Partially Proficient The bonus calculation exercise was attempted. Most bonus calculations are correct.0 pts Incomplete The bonus calculation exercise was not attempted. None of the bonus calculations are correct. | / 100 pts |
| Total Points: 0 | ||
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