Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Research the following giving exact locations, web site addresses, telephone numbers, and any pertinent information. The purpose of this question is for you to differentiate

  1. Research the following giving exact locations, web site addresses, telephone numbers, and any pertinent information. The purpose of this question is for you to differentiate each type of organization. Find a healthcare facility (can be person, private practice, conglomerate, etc. as it is related to healthcare) (Chapter 1)
  1. Individual (DBA)
  2. Partnership
  3. Corporation
  4. Non-Profit healthcare
  5. Non-Profit government

  1. Assume you are the chief administrator of a Non for Profit 100 bed hospital. Develop an organizational chart identify key areas only. Names are not required, just departments and or areas of expertise. (Chapter 2)

  1. Assume you are a chief administrator of a long-term skilled nursing facility. You have been asked by the Chairman of the Board to help identify items you would include in a social media campaign. What platforms would you use and give some examples of what you would include on each platform? (Chapter 3)

  1. Find a balance sheet of any health care organization and identify at least 5 assets and 5 liabilities, explain what they mean. (Example cash- money needed to operate a business) (Chapter 4)

  1. Assume you have been asked by the finance department of a large conglomerate hospital with over 750 beds to identify at least 10 sources of revenue. You can assume the hospital is a for profit health care organization. (Chapter 5)

  1. Assume you have been asked by the finance department of a large conglomerate hospital with over 750 beds. Identify at least 20 sources of expenses. You can assume the hospital is a for profit health care organization. (Chapter 6)

  1. Here is an example of indirect cost that needs to be allocated. Fill in the questions marks based on the allocation key for each of the three areas. (Chapter 7)

Allocation Basis

Surgery

A

Dietary

B

Laboratory

C

Total Indirect cost

Cost to be Allocated

$100,000.00

$200,000.00

$300,000.00

$600,000.00

Allocated to:

Patient rooms

?

?

?

?

Allocated to Pharmacy room

?

?

?

?

Allocated to Administration

?

?

?

?

Instructions:

Allocation Key

Surgery A. Based on time spent: Patient Rooms (40%)/Pharmacy (40%) Administration (20%)

Dietary B. Based on patient seen: Patient Rooms 200, Pharmacy Room 300, Administration 50

Laboratory C. Based on consultation hours: Patient Rooms 275, Pharmacy 125, Administration 75

  1. Find an Income Statement of any health care organization and identify at least 5 Fixes costs and 5 Variable Costs, explain what they mean. (Chapter 8)

  1. Compute the Earning After Tax using both FIFO & LIFO inventory evaluation methods from the following data: (chapter 9)

Revenue is assumed at 414 units that sell for $55.00 per unit

Cost of sales

Beginning inventory

118 units @$1.50 per unit

Purchase of

216units @ $2.00per unit

Purchase of

300 units @ $2.50 per unit

Purchase of

75 units @$3.00 per unit

Ending inventory

???? units ( not a mistake you must determine what the ending dollar inventory and units are)

Operating expenses

$1,325.00

Income tax rate

20% of Gross Profit

In some cases, there may not be a gross profit.

  1. Please compare between Productive and Nonproductive time with giving an example for each of them. (Chapter 10).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Theory And Cases An Integrated Approach

Authors: Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones

13th Edition

ISBN: 0357033841, 978-0357033845

More Books

Students also viewed these Accounting questions

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago