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 supply inflation next year is 5%

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

QUESTION 1 Exhibit: Supply and Marginal Factor Cost Price $2 $4 $6 $8 $10 Quantity 0 2 3 4 5 supplied per period Total factor SO $2 $8 $18 $32 $50 cost Marginal Factor Cost Reference: Ref 14-1 (Exhibit: Supply and Marginal Factor Cost) How many units of the factor will be supplied at a factor price of $6? OA. 2 B. 3 O C.4 D. It cannot be determined.Utilitarianism 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,68. The fundamental unit of matter is the sugar molecule. A. True B.False 69. Ecosystem boundaries are usually defined by easily identifiable demarcations. A. True B.False 70. Environmental science is an interdisciplinary area of study that deals with all of the follo except A. politics. B. economics. C. ethics. D. All of these are correct. 71. Damming water changes its quantity and not its quality. A. True B.False 72. Evaluate the ratio [H+] at pH 3 / [H+] at pH 7. A. 0.0001 B. 0.001 C. 0.429 D. 10.000IL Short Answer Questions: 1. What is scarcity and why does it exist? How is scarcity related to the study of economics? 10 points 2. Discuss the three fundamental economic questions that all nations must address. 10 points 3. Draw a supply and demand curve for cars and graphically illustrate the effect of an increase in the price of steel (an input). Label all axes and curves. 10 points 4. Draw a PPF with cars on the x-axis and TV's on the Y axis. Make sure the PPF exhibits increasing opportunity costs. 10 points