Question
Megatropolis Hospital Statement of Operations For the Year Ended December 31, 2014 Revenues, Gains, Other Support Net patient service revenue $ 6,000,000 Other revenue 800,000
Megatropolis Hospital
Statement of Operations
For the Year Ended December 31, 2014
Revenues, Gains, Other Support
Net patient service revenue $ 6,000,000
Other revenue 800,000
Total Revenue 6,800,000
Expenses
Nursing Services 4,800,000
Administrative Services 800,000
Depreciation 400,000
Other Expenses 200,000
Total Expenses 6,200,000
Operating Income 600,000
Investment Income 200,000
Excess of revenues over expenses 800,000
Increase in Unrestricted Net Assets$ 800,000
Megatropolis Hospital
Balance Sheet
As of December 31, 2014 (2013 omitted)
Assets
Current Assets
Cash and cash equivalents $ 200,000
Net patient receivables 1,400,000
Total Current Assets 1,600,000
Properties and Equipment
Gross properties and equipment $ 3,600,000
Less accumulated depreciation 1,900,000
Net Properties and Equipment 1,700,000
Total Assets $ 3,300,000
Liabilities and Net Assets
Current Liabilities
Accounts Payable 800,000
Salaries Payable 200,000
Total Current Liabilities 1,000,000
Notes Payable 800,000
Unrestricted Net Assets 1,500,000
Total Liabilities and Net Assets$ 3,300,000
What is Megatropolis Hospital
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Rockin Your Business Finances
Authors: Chrstine Odle
1st Edition
0999135104, 9780999135105
