User Account

All Pages

Calculate the hospital profit and loss statement

Assignment Help Accounting Basics
Reference no: EM131565355

Question - Assume the following information about cost and charges for a hospital in 2014:

For the initial profit/loss calculation assume the volume of 15,000 inpatient days

Fixed Costs = $10,000,000

Variable cost per inpatient Day = $200

Revenue Per Inpatient Day = $1,000.

1. Calculate the hospital's profit and loss statement (assuming volume of 15,000 inpatient days)

2. Define and calculate the hospital's break even point?

3. Define the contribution margin? What is it's economic meaning?

4. What volume is required to provide a profit of $1 million?

5. What volume is required to provide a profit of $500,000?

6. Explain in general how break even points vary in a capitated vs. non-capitated environment.

Reference no: EM131565355

Questions Cloud

Write a brief synthesis and summary of two articles : Research at least two articles on the topic of "Critical infrastructure requirements for building an online Banking Systems" .
Describe the benefits of mixed methods : What risks do you take if your review is less than comprehensive
Compute the cost of goods sold : Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the LIFO inventory costing method
What is the error caused in calculating the third side : A surveyor measures two sides and the included angle of a triangular tract of land to be 315.2 m, 464.3 m, and 65.5°.
Calculate the hospital profit and loss statement : Calculate the hospital's profit and loss statement (assuming volume of 15,000 inpatient days). Define and calculate the hospital's break even point
Ethical problems of gambling : Where are there breaches of ethical behavior. Ethical problems of gambling
What is the net book value of the license : What is the net book value of the license reported on Jaguar's balance sheet at the end of Year Three
Define the radius of the core of the cable : The speed of signaling by use of a certain communications cable is directly proportional to x2 to x-1.
Prepare two different depreciation schedules for equipment : Prepare two different depreciation schedules for the equipment - one using the double-declining balance method, and the other using the straight-line method.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the retained earnings

Calculate the retained earnings. Begin by selecting the formula, then enter the amounts and calculate the retained earnings at December 31, 2011. Leave unused sells blank.

  Before it installed an abc system the company used a

skagway co. has identified activity centers to which overhead cost are assigned. the cost pool amounts for these

  What is the epeat tool? how is it used

What is the EPEAT tool? How is it used?

  Mcgee company issued 400000 of 8 20-year bonds on january 1

mcgee company issued 400000 of 8 20-year bonds on january 1 2014 at 102. interest is payable semiannually on july 1 and

  We defined five uses of financial information which one of

which one of the following is not considered a liability?.a. accounts receivableb.net value of your physical

  Determining the amount of expected inventory purchases ans

determining the amount of expected inventory purchases ans cash paymentsbrichem company which sells electric razors

  The initial estimated total income before tax

In 2010, Dreyer Corporation began construction work under a three year contract. The contract price is $800,000. Dreyer uses the percentage  of  completion method. The financial statement presentations relating to this contract on December 31, 2010 f..

  Review companys most recent statement of cash flows

Research one publicly traded company in which you are interested using the Internet and/or Strayer databases. Review its most recent statement of cash flows and income statement on the company Website.

  The healthy spring water company sells bottled water for

the healthy spring water company sells bottled water for offices and homes. the price of the water is 20 per 10 gallon

  What is meant by double taxation of a corporations income

what is meant by double taxation of a corporations income? why does this double taxation not occur in sole

  Explain the most important step in the conversion process

Suggest the key advantages and disadvantages of automating a manual accounting system. Identify the most important step in the conversion process.

  What method would you recommend

She asks you to recommend a depreciation method that will allocate less of the company's depreciation expense to the early years and more to later years of the assets' lives. What method would you recommend?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd