Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
You are the Medical Director of Tinu-od General Hospital. At present, OPD consultants affiliated in your hospital are charging PhP 250.00 per OPD consultation. TRF
- You are the Medical Director of Tinu-od General Hospital. At present, OPD consultants affiliated in your hospital are charging PhP 250.00 per OPD consultation. TRF Manufacturing Inc, a motor part production plant located in your province, has approached the hospital to be their retainer hospital.
Your hospital will receive a monthly retainer fee of P 100,000. Based on their estimates, they project that the average number of monthly OPD consultations will increase 750 patients on the average. These additional OPD consultations are expected to be the plant's employees and their dependents. In line with this, they also propose that their employees and their dependents enjoy a 20% discount on the current OPD consultation fees of the hospital.
Using the total cost computation from 2017 to 2018 (see attached worksheet).
- Generate the forecasted monthly total cost based on the projected monthly OPD consultations. Using both the Excel built-in function and the graphical method to generate this forecast.
- Upload the screen capture of the results of your Excel built-in function here.
- Upload the screen capture of the results of the graphical method here. Make sure that the equation used and the scatter plot are included in the picture
| Year | Month | Total Consultations | Monthly Total Cost |
| 2017 | Jan | 5,302 | 580,622 |
| 2017 | Feb | 3,904 | 454,876 |
| 2017 | Mar | 2,200 | 301,238 |
| 2017 | Apr | 4,909 | 545,310 |
| 2017 | May | 6,099 | 652,732 |
| 2017 | Jun | 3,044 | 376,815 |
| 2017 | Jul | 4,400 | 499,217 |
| 2017 | Aug | 6,500 | 688,655 |
| 2017 | Sep | 7,135 | 745,411 |
| 2017 | Oct | 4,090 | 471,243 |
| 2017 | Nov | 3,400 | 409,678 |
| 2017 | Dec | 4,800 | 535,555 |
| 2018 | Jan | 4,787 | 533,766 |
| 2018 | Feb | 2,939 | 368,248 |
| 2018 | Mar | 1,187 | 209,840 |
| 2018 | Apr | 2,726 | 348,175 |
| 2018 | May | 4,314 | 491,943 |
| 2018 | Jun | 2,295 | 309,914 |
| 2018 | Jul | 2,250 | 305,941 |
| 2018 | Aug | 4,465 | 505,506 |
| 2018 | Sep | 4,795 | 534,924 |
| 2018 | Oct | 3,277 | 398,315 |
| 2018 | Nov | 2,492 | 327,770 |
| 2018 | Dec | 4,494 | 507,617 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started