Difference between periodic and perpetual inventory tracking

Assignment Help Financial Management
Reference no: EM13725311

What is the major purpose of depreciation, and describe at least two ways in which assets can be depreciated. If the ABC Medical group purchased a machine that cost $28,000 and had an estimated useful life of 7 years and an estimated salvage value of $7,000 on January 1, 2009, what would the book value of the asset be at the end of 2010 under the two types of depreciation you described above?

Discuss two requirements of the ACA that have a financial impact on either hospitals or health care systems (please make sure that you write 2-3 sentences on each requirement). Do you believe that the ACA will save the US healthcare system money in the future because of these types of requirements – please justify your answer.

What is the difference between periodic and perpetual inventory tracking? Are there cases where a health care organization could use both methods of inventory costing for different types of inventory, and if so, please explain why they would do this.

You are the administrator of a community hospital that provides inpatient and outpatient services. Your budget anticipates 30,000 inpatient days this year at $650 revenue per day.

Inpatient expenses budgeted at $600 per day

Anticipated 10,000 outpatient visits this year at $400 revenue per visits

Outpatient expenses budgeted at $380 per visit

Actual results:

27,000 inpatient days achieved

$650 revenue per day achieved

110 percent of outpatient visits achieved

$400 revenue per visits achieved

Actual inpatient expenses amount to $16,100,000 and outpatient expenses are $4,000,000

Compare your TOTAL expected budget to TOTAL actual results or performance (calculate budget variances) for ALL hospital services.

HINT: you may want to calculate total revenue less expenses for each category…

Reference no: EM13725311

Questions Cloud

Calculate the retailer selling price : Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $27 and a unit cost of $18. The retailer requires a 32% mark up on selling price. The manufacture..
Assignment related to agency database : Design a data model that will conform to the following criteria: a. Propose an efficient data structure that may hold the tour operator's data using a normalization process. Describe each step of the process that will enable you to have a 2nd Norm..
Calculate the manufacturers percent mark up on cost : Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $875 and a unit cost of $493. The retailer requires a 50% mark up on selling price. The manufactu..
The preferred method of interacting with a computer : Graphical User Interface (GUI) became the preferred method of interacting with a computer system. Beginning with the Xerox-developed GUI in 1970, GUI-based platforms have evolved from the Apple Macintosh to the Microsoft Windows operating syste..
Difference between periodic and perpetual inventory tracking : What is the difference between periodic and perpetual inventory tracking? Are there cases where a health care organization could use both methods of inventory costing for different types of inventory, and if so, please explain why they would do this.
Draw so many people to transformational leadership : Provide a summary of the key theory issues that draw so many people to Transformational Leadership, and illustrate with supportive statements from the course or workplace that correlate.
Discrimination in promotion and hiring : Identify at least 2 pieces of legislation specifically dealing with discrimination in promotion and hiring. Provide at least one advantage and one disadvantage of each piece of legislation
Construct a regular proof to derive the conclusion : Select the conclusion that follows in a single step from the given premises - conclusion that follows in a single step from the given premises.
Follow the five steps of persuasion : Follow the five steps of persuasion: establishing credibility, acknowledging the audience's position, constructing a rationale, transplanting root elements, and asking for a response. Clearly define your position and supporting evidence, includi..

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

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