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Establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:Budgeted Procedures 10,000Budgeted Cost $400,000Desired Profit $80,000It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38.00 per procedure. Approximately 10 percent of the patients are cost payers. The remaining charge payers are summarized below:Payer Volume % Discount %Blue Cross 20 4Unity 15 10Kaiser 10 10Self-Pay 5 4050% 3. What rate must be set to generate the required $80,000 in profit in the preceding example?4. If the forecasted volume increased to 12,000 procedures and budgeted costs increased to $440,000, while all other variables remained constant, what price should be established?
5. Assume that the only change in the original example data is that Blue Cross raises their discount to 20 percent. What price should be set?
Calculate the proceeds of the bond. Assume the same facts as above except assume that the bonds are sold on April 30, 2004, four months into the first interest period and they are sold at par.
Using information from the latest financial statement, compute operating leverage, ROI, EVA and another performance measure for SIRI (SiriusXM)
Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his shares of the company. Bill transferred property with a basis of $5,000 for $75,000 of stock. Steve contributes cash of $100,000 for his shares. Which of the three must r..
The following checks were outstanding: no. 94, 121.16; No.96, 106.30; no. 99, 64.84. A deposit of 765.69 was not recorded on Donna's bank statement. Her checkbook shows a balance of 806.94. Prepare Donna's bank reconciliation.
Equestrain Roads sold $50,000 of goods and accepted the customer's $50,000 10% 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale?
Compare the so called test for detemining US residence in section 7701 (b) and the myraid of exceptions and special rules used in applying such tests with the facts and circumstances approached used under prior law..
Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2014. Menke uses straight-line amortization. Ignoring income taxes, the amount reported in Menke's 2010 income statement from this investment should be?
Typically U.S. corporations record and report most changes in accounting principle retrospectively, but sometimes report the changes prospectively. Explain when it is appropriate to report the changes prospectively. Provide examples.
Prepare a performance report for Ranger Company for the year.
How would you change the accounting system for the business? What additional accounts would be needed? How would the financial statements change?
For a leased asset under a lease that qualifies as a capital lease, the depreciation period used by the lessee must be:
Kristen's AGI is $120,000 before considering effect of rental activity. What is Kristen's AGI after considering the tax effect of rental use of her home?
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