Reference no: EM131087943
Write a 1,050- to 1,400-word paper in which you address the following:
Discuss decision-making processes in creating a budget.
Explain the role of variance analysis in maintaining an operating budget.
Differentiate between managerial accounting and financial management.
Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.
Discuss the decision between the two labor alternatives facing the management of PFCH and the annual cost increase of each.
1. Increase in cost per month due to a $1 raise per nursing hour Jan $ 63,702.62 Feb $ 57,517.73 Mar $ 58,973.00 Apr $ 48,820.77 May $ 43,640.71 Jun $ 34,839.80 Jul $ 35,013.05 Aug $ 51,471.44 Sep $ 53,671.66 Oct $ 55,715.97 Nov $ 64,412.93 Dec $ 62,940.33 Total $ 630,720.01
2. Increase in cost per month due to a change in nursing ratio from 5 to 1 down to 4 to 1 Jan $ 477,770 Feb $ 431,383 Mar $ 442,297 Apr $ 366,156 May $ 327,305 Jun $ 261,299 Jul $ 262,598 Aug $ 386,036 Sep $ 402,537 Oct $ 417,870 Nov $ 483,097 Dec $ 472,052 Total $ 4,730,400
Make a recommendation about which labor alternative should be chosen. Justify and analyze the labor decision that you recommend.
Your justification should present numbers related to fiscal management including how each decision affects the 2010 Budget Projection.
Analyze the effect of your decision on the operating budget, including: The opportunity cost of your recommendation.
How your recommendation affects employee satisfaction.
How your recommendation affects patient care and patient satisfaction (1400 words)
|
Empirical examination of longer-term financial consequences
: Read and analyze “Paying the Piper: An Empirical Examination of Longer-Term Financial Consequences of Illegal Corporate Behavior,”byBaucus, Melissa S.; & Baucus, David A.Academy of Management Journal, Feb1997, Vol. 40 Issue 1, p129-151. 23p.
|
|
Is this activity a basis for a crime
: Is this activity a basis for a crime? What crime? What would a prosecutor be required to prove? Are the officers and the restaurateurs equally criminally liable?
|
|
New delivery service-foreseeable future
: You are trying to pick the least-expensive car for your new delivery service. You have two choices: the Scion xA, which will cost $18,000 to purchase and which will have OCF of –$2,000 annually throughout the vehicle’s expected life of three years as..
|
|
Ind an interval-centred at the mean-in which the stock price
: A stock broker tells a client that the price of a certain stock next week is expected to be $ 55 per share, with a standard deviation of $ 1.5. However, the broker does not know the form of the distribution. Find an interval, centred at the mean, in ..
|
|
Discuss decision-making processes in creating budget
: Discuss decision-making processes in creating a budget. Explain the role of variance analysis in maintaining an operating budget. Differentiate between managerial accounting and financial management. How your recommendation affects employee satisfact..
|
|
Define terms capital intensity-self-supporting growth rate
: Within any type of business environment businesses are always looking at corporate valuation and financial planning to grow in both good and bad economic times. Define the terms capital intensity and self-supporting growth rate. Explain how a decline..
|
|
What is the capital structure weight of the firm equity
: Bermuda Cruises issues only common stock and coupon bonds. The firm has a debt-equity ratio of .65. The cost of equity is 18.3 percent and the pretax cost of debt is 9.9 percent. What is the capital structure weight of the firm’s equity if the firm’s..
|
|
What is the implied exchange rate at maturity
: A five-year, 4 percent Euroyen bond sells at par. A comparable risk five year, 5.5 percent yen/dollar dual currency bond pays $873.33 at maturity. It sells for ¥110,000. What is the implied ¥/$ exchange rate at maturity? Hint: The par value of the bo..
|
|
Evaluating two different cookie-baking ovens
: You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $57,500, has a 5-year life, and has an annual OCF (after tax) of –$10,100 per year. The Keebler CookieMunster costs $90,500, has a 7-year life, and has an annual OCF (after..
|