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Depreciation For the following, calculate Annual Depreciation, Accumulated Depreciation and Net Book Value on an MRI Machine. Cost of the machine is $450,000 & useful
Depreciation For the following, calculate Annual Depreciation, Accumulated Depreciation and Net Book Value on an MRI Machine. Cost of the machine is $450,000 & useful life is 8 years. Use the Straight Line Method of Depreciation. Assume a Salvage Value of $20,000. Cost to be Depreciated Depreciation Expense Per Year Accumulated Depreciation Net Remaining Year Analytical Worksheet - Question #2 Calculation of FTE'S 25 POINTS Calculate Full Time Equivalents (FTE's) for the current pay period based on hours paid as described below. Pay Period Ending February 21, 2020 Nursing Department Standard Actual Hours Paid PPE 2/21/2020 Regular Hours Overtime Vacation Workweck Sick Holiday Total 35 35 35 Director of Nursing Assistant Director dr Nursing RN Supefvisor 35 1875 2175 RN Staff 37.5 195.5 195.5 Charge Nurse 103.75 163.75 37.5 37.5 -- LPN 360 475 Transport 36.25 202.75 Unit Clerk 36.25 1457 112.25 Nurses All 36.25 13625 284.75 97 156.75 50.75 102 3,079.75 4,5 3,958.5 Analytical Worksheet - Question #3 Budget vs Actual Worksheet 25 POINTS You are responsible for completing a budget for an Ambulatory Clinic. Here are the assumptions: INITIAL BUDGET a. The budget anticipated 40,000 inpatient days this year at an average of $750 per day b. Inpatient expenses were budgeted at $650 per day. c. The budget anticipated 12,000 outpatient visits this year at an average of $475 revenue per visit. d. Outpatient expenses were budgeted at $420 per visit. ACTUAL RESULTS a. Assume that only 34.800 or 87% of the inpatient days are going to actually be achieved for the year. b. The average revenue of $750 per day will be achieved for these 34,800 inpatient day c. The Outpatient visits will actually amount to 120% or 13,400 for the year. d. The average revenue of $475 per visit will be achieved for these 13,400 visits. e. Actual inpatient expenses will amount to $13.700.000 and actual outpatient expenses will amount to $4,620,000. REQUIRED: A. Prepare the budget and the actual on the attached worksheet. B. Complete a side by side comparison using your results from A above and complete the Static Variances in each category
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