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On #1 I need help figuring out how to get the total revenues for HCP and for MOLINA, and for #4 I don't understand how
On #1 I need help figuring out how to get the total revenues for HCP and for MOLINA, and for #4 I don't understand how to do section B
Susan Martinez HCA 341 McCabe September 17, 2017 HCA 341-Assignment I FALL 2017 1. Here is the financial statement information on three not-for-profit clinics: (in ooo's) 9 PTS. HCP BPMG MOLINA December 31, 2015 Assets $120,000 $95,000 $160,000 Liabilities 80,000 50,000 100,000 Equity 40,000 45,000 60,000 December 31, 2016 Assets Liabilities Equity $102,000 55,000 47,000 $96,000 62,000 34,000 $185,000 95,000 90,000 During 2016 Total Revenues Total Expenses ? 300,000 $310,000 321,000 ? 380,000 2. Best Care, Inc., a for-profit business, had net income of $2,800,000 in 2016. It distributed $850,000 in dividends to shareholders. The beginning of the year equity balance was $15,000,000. Use this information to construct the Changes in Equity Statement. What is the ending 2016 value of the business's equity account? 5 PTS. 2,800,000 (net income) - 850,000 (distributed) = 1,950,000 1,950,000 + 15,000,000 (beg. of yr. equity bal.) = 16,950,000 $16,950,000 (ending 2016 value) 3. For a hospital in Tampa Bay, FL., calculate the Medicare payment for DRG 128 (heart failure and shock). Area wage index for Tampa Bay is 1.0625; DRG weight is 1.0520; standard labor amount is $6,750 and nonlabor amount is $5,450. 5 PTS. 6,750 x 1.0625 = 7,171.875 (adjusted labor rate) 7,171.875 + 5,450 = 12,621.875 (hospitals adj. base rate) 12,621.875 x 1.0520 = 13,278.21 (Medicare payment for DRG 128) $13,278.21 (Medicare payment for DRG 128) 4. Southern Healthcare had an equity balance of $172 million at the beginning of the year.6 PTS. At year-end, its equity balance was $196 million. (1.5 each) a. Assume the company is not-for-profit, what was its net income for the year? 196 - 172 = 24 24 million (net income) b. Now assume it's a for-profit company with a 26% tax rate. 1) Assuming no dividends, what is its net income? 2) Assume $3 million in dividends, what is the net income? 3) Assume $3 million in dividends, and $5 million in additional stock sales; what is its net incomeStep by Step Solution
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