What is the collection period in days, given the following balance sheet and income statement information?Answer

Average Inventory Balance @ 12/31/2016: $4,824,155

Average Accounts Receivable Balance @12/31/2016: $19,566,379

Cost of Goods Sold 2016: $18,564,122

Net Patient Services Revenue 2016: $223,179,011

(Round answer to nearest whole day,

3 Question text

The local hospital has a weekly payroll cycle. Total worked hours in the pay period were 780, and total paid hours were 858. How many worked FTEs for the pay period?

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Which of the following is NOT an operating indicator? (1 point)

Select one:

a. Average length of stay

b. Days cash on hand

c. Outpatient revenue as a percentage of total patient revenue

d. Occupancy rate

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The CFO of the local hospital was preparing the year end operating indicators report for the upcoming annual budgeting session. The following data was given: Use the following data to answer the following three questions. (For a total of 7 points)

Annual admissions = 8,686 Total patient days = 34,310

Total Gross Patient Service Revenues $846,321,476

I/P Gross Patient Service Revenue $211,580,369

O/P Gross Patient Service Revenue $634,741,107

Question 13

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Points out of 2.00

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What is the ALOS for the year? Answer

(2 points, round to 2 decimal places)

Question 14

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Points out of 3.00

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What are the number of Adjusted Admissions for the year? Answer

(3 points, round to nearest whole number)

Question 15

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Points out of 2.00

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What is the Average Daily Census for this period? Answer

(2 points, round to nearest whole number)

The hospital data analysis was asked by the CFO to determine the break-even point for purchasing a nuclear camera to perform nuclear stress test exams: Use the following data to answer the following four questions. (For a total of 8 points)

Question 16

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Points out of 2.00

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What is the Contribution Margin for this exam? Answer

(round to nearest whole dollar, 2 points)

Question 17

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Points out of 2.00

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What are the variable costs per exam? Answer

(round to nearest whole dollar, 2 points)

Question 18

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What is Break Even Point in terms of number of exams?Answer

(round to nearest whole number, 2 points)

Question 19

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Points out of 2.00

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What is the Break Even Point in terms of revenues?Answer

(round to nearest whole dollar, 2 points)