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Management Resources Activity Student Name: Please type your answers to each of the questions next to each question below. Please be sure to show your
Management Resources Activity Student Name: Please type your answers to each of the questions next to each question below. Please be sure to show your work, as this may allow for partial credit if your final answer is incorrect For the healthcare unit below, calculate the Total Revenue, Total Expenses, and Profit (5 pts each) Revenues ncome Sources) Amount Patient Revenue Charitable Donations 250,000 Expenses 1,675,000 Labor costs Patient Care Supplies Housekeeping 53,000 36.000 Total Expenses 1. Based upon the profit you calculated, can this healthcare unit afford to purchase new ceiling lifts for their patient care rooms? Each lift costs s8000 and there are 15 beds. Due to the high cost of these items, would they most likely come from the operating budget or the capital budget? (s 2. Which of the expenses above is an example of a fixed cost? (5 pts) 3. Which of the expenses above is an example of a variable cost? (5pts) 4. This unit has 2s beds, and the average daily census (ADC) is 22 patients. What is the occupancy rate for beds? (10 pts) 5. Based on the ADc above, and the fact that this unit is open 24/7, what are the patient days? (10 6. The hours per patient day that each patient requires iss hours of care. How many hours do you need to staff for each day? (10 pts) For a year? (10 pts)
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