This is for HEALTHCARE FINANCE AND ACCOUNTING CLASS PRICE NEGOTIABLE
- Aggressive working capital policy, may increase the entity's return, but it also increases the risk. - -Net Income Problem: A firm has the following accounts:
Net patient revenue = $1,500,000 Supply expense = $200,000 Depreciation expense = $100,000 Salaries and benefits = $700,000 Other expenses = $200,000 Net accounts receivable = $150,000
What is the net income for the period? (Hint pay attention to the amount for Net accounts receivable).
- Math Problem: Targeted debt to equity ratio problem: A hospital issues $20 million in bonds and $60 million in equity to finance a new project. Its targeted debt to equity ratio is?
- Know that accounts receivable and inventory are both considered current assets.
- Know that the breakeven point occurs where revenue minus variable cost minus fixed cost = 0. - - Know that an income statement is a statement that reports the revenues minus expenses of an entity. - - Math Problem: An imaging center has the following information:
Revenue per test: $225 Variable cost per test: $150 Total fixed costs: $225,000 Estimated number of tests = 3,500
Calculate the a) Contribution Margin; b) Total dollar contribution margin; and, c) Contribution Margin percentage. (Show your work to support your response)
- Math Problem: Your hospital has the following revenue for the months of July-September: July $3,000,000 August $2,500,000 September $4,000,000. If 30% of the month's revenue is collected in the same month, 40% is collected in the second month and 30% is collected in the third month, how much of July's revenue is collected in August? (Show your work to support your response) - - Explanation: Accounts receivables can constitute more than 50% of a healthcare organization's current assets. Managing accounts receivables is critical to the cash flow of the organization. If you were a billing manager what should you consider when implementing credit and collection policies? (Minimum word count 200 words. APA references are required to support your response)
- Provide an example (examples, Picture, excel document, link to financial report, etc) of a financial report (and then explain in detail the steps in the financial analysis process. (Minimum word count 200 words. APA references are required to support your response)
- A competitive hospital maintains current equipment and purchases new in order to stay current with the latest technology. If you were evaluating the capital budget performance of a hospital what factors would you consider justifying taking on more debt to purchase new equipment for a surgical unit? (Minimum word count 200 words. APA references are required to support your response)
- Explain in detail some of the biggest environmental challenges of the future for healthcare financial managers. (Minimum word count 200 words. APA references are required to support your response)