HCM-213: Financial Management for Health

Q.1. Identify and explain the basic financial statements for investor-owned health care entities and not-for-profit entities.

Q.2.Balance sheet. The following are account balances as of September 30, 20X1, for Ray Hospital. Prepare a balance sheet at September 30, 20X1. (Hint: net assets will also need to be calculated.)

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ASSIGNMENT 2 HCM213 ASSIGNMENT 2 ( HCM213) Q.1. Identify and explain the basic financial statements for investor-owned health care entities and not-for-profit entities. Q.2.Balance sheet. The following are account balances as of September 30, 20X1, for Ray Hospital. Prepare a balance sheet at September 30, 20X1. (Hint: net assets will also need to be calculated.) Given Gross plant, property, and equipment $70,000,000 Accrued expenses $6,000,000 Cash $8,000,000 Net accounts receivable $15,500,000 Accounts payable $7,000,000 Long-term debt $45,000,000 Supplies $3,000,000 Accumulated depreciation $5,000,000 Q.3.Statement of cash flows. The following is a list of account balances for Hover Hospital on June 30, 20X1. Prepare a statement of cash flows as of June 30, 20X1. Givens Transfer to parent corporation $40,000 Proceeds from sale of fixed equipment $2,290,000 Principal payment on bonds payable $780,000 Purchase of fixed equipment $5,300,000 Beginning of cash balance $6,500,000 Cash from operating activities $3,900,000 Principal payment on notes $6,500 payable