Expense Problems

Bayside hospital is projecting that their supplies to finish out this year at $12,000,000. If they anticipate a 4% inflation and a 2% volume growth, what would their budgeted supplies be at?

Dr. Smith is meeting with his accountant about this 2012 budget. Currently his rent costs him $4,000 per month. He does anticipate a 5% volume growth next year, but no need for additional space. He is in the 3rd year of a 5 year lease agreement that calls for a 2% annual escalation in his rent. Based on the information given, what would you project Dr. Smith's 2012 budget be for his rent?

You are the lab director for a large hospital. Currently you spend $10 per patient day for lab supplies. You anticipate that you will experience a 2% inflation for your costs next year. The hospital is projected to finish the current year with 10,000 discharges and a length of stay of 5 days. What is your current projected cost?

You anticipate that you will experience a 2% inflation for your daily costs next year. You also anticipate a 5% discharge growth and a reduction in ALOS from 5.0 to 4.5 days. Based on the new information, what would you project your next year budget to be? (Hint: Calculate your new total patient days and new per day cost first).

You are given the following information:

A.Current 9 month supply cost is $8,000.

B.Volume Growth next year is 4%

C.Expected supplyinflation next year is 5%

What is your current year project and next year supply budget?

Home Homework: HW4: Chapter 3 Score: 0 of 1 pt 11 of 25 (15 complete) HW Score: 29.33%, 7 Until y 3.3.15 Questic Graph the given function. Give the intercepts and state the range y = [(x)= - 2x - 6x Use the graphing tool to graph the function. Worke ent Soo Click to enlarge ipts graph estion lestion estion estion estion estion estion Click the graph, choose a tool in the palette and follow the instructions to create your graph 2 parts remaining Clear All Check Answer23. What is the crucial difference between inflation generated on the demand side versus inflation generated on the supply side? b . a. Demand-side inflation is short-lived, while supply-side inflation lasts for a long time Demand-side inflation leads to budget surpluses, while supply-side inflation contributes to budget deficits. C. Supply-side inflation is subject to control of policy makers, while demand-side inflation is beyond their reach. d. Demand-side inflation is normally accompanied by rising real GDP, while supply- side inflation may be accompanied by falling real GDP 24. Which of the following could trigger supply-side inflation? a. a decrease in the wage rate for all workers b. an increase in raw materials' prices c, an increase in productivity of capital d. an increase in the labor force 25. At the natural rate of unemployment, the long-run Phillips curve has a(n) a. vertical slope b. horizontal slope. c, upward slope. d. downward slope. D1 Do B Figure 1 Price Level D1 S Do Real GDP Which of the following is true about the economy depicted in Figure 1? a, It is experiencing supply-side inflation. b, Policy makers have chosen to fight inflation rather than unemployment. c, The increase in aggregate demand has increased prices but not real GDP. d, The slope of the aggregate supply curve embodies the trade-off between unemployment and inflation.Homework Chapter 1 Name MATCHING What a society can produce. More production to satisfy wants and Match the key terms with the descriptions. needs. The process of thinking things Things people buy. through before making a decision. What can be fulfilled by acquiring KEY TERMS goods and services. 1. Capital (capital goods) People working. 2. Command dictatorship economy Tools and equipment used for production. 3. Cost-benefit analysis Funds to acquire capital goods. 4. Economic growth Risk taking. 5. Efficiency Goal of a business. 6. Entrepreneurship The transformation process. 7. Financial capital Maximum output at lowest cost. 8. Goods and services Application of knowledge. 9. Labor Limited resources unlimited wants and 10. Marginal benefit (MB) needs. 11. Marginal cost (MC) Evaluation of whether or not to take 12. Market capitalist economy the next step. 13. Opportunity cost Cost of taking the next step. 14. Private property Benefit of taking the next step. 15. Production Alternative foregone when you make 16. Production possibilities a decision. 17. Making profit Consumer decides what gets produced. 18. Rational action blucarsfrail a Decisions are made by the ruling elite. 19. Scarcity on to sabusedshow of prlingual Individual ownership of farms, facto- 20. Technology ries and homes. 21. The "Invisible Hand" Description of how self-interested 22. Wants and needs. activity benefits society by Adam Smith. her word or golog mom alyUtilitarianism is: A theory from moral philosophy that argues that an act is right if it serves to maximize the attainment of human satisfaction. OA theory from moral philosophy that argues that profit and financial well-being are important parts of evaluating an ethical situation and should not be ignored or dismissed. A theory from moral philosophy that argues that we should always choose the action that will best benefit us as individuals Question 4 2.5 pts The author, Kelman, analyzes cost-benefit analysis through the lens of ethical theory. He argues for three conclusions. Which of the following IS NOT one of Kelman's conclusions? O In areas of environmental, safety. and health regulation, there may be many instances where a certain decision might be right even though its benefits do not outweigh its costs. Of Given the reasons why it is problematic to monetize non-marketed benefits or costs that is a prerequisite for cost-benefit analysis, it is not justifiable to devote major resources to the generation of data for cost-benefit calculations or to undertake efforts to further promote cost-benefit analysis. Getting decision-makers to make more use of cost-benght techniques is important enough to warrant both the expense required to gather the data for improved cost-benefit estimation and the political efforts needed to give the activity higher priority compared to other activities, (): There are good reasons to oppose efforts to put dollar values on on-marketed benefits and costs,A Moving to another question will save this response. Question 3 The term differential cost refers to: A cost which continues to be incurred even though there is no activity. A cost which does not involve any dollar outlay but which is relevant to the decision-making process. A difference in cost which results from selecting one alternative instead of another. The benefit forgone by selecting one alternative instead of another. 1 Moving to another question will save this response