Reference no: EM131015143
Discuss the four major concerns of using the cost-to charge ration method.
What is the relationship between the concepts cost allocation basis as used in the step-down method and cost driver as used in ABC?
What is the difference between a cost object's direct cost and its fully allocated cost? Give an example.
What are the advantages and disadvantages of ABC relative to the step-down method of cost allocation?
Name the units of service on which cost-based payers may pay providers.
How do copayments and deductibles reduce risk?
Why do providers desire "steerage"?
Who bears the risk under a flat is system? Why?
How do HMOs uses determine their premiums?
If an HMO covered 150,000 lives, expected 25 myocardial infarctions (MI) to occur each year within the covered lives, would expect a length of stay of 4.5 days for each MI, and had to pay an average of $950 per day for each day the MI patient was in the hospital, what would the PMPM cost of the HMO be? What would have to be charged to the patient/employer if the HMO had administrative costs equaling 10 percent of its costs and it wanted a profit margin of 7 percent?
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Length of a filament chosen at random lies
: 1. The length of a continuous nylon filament that can be drawn without a break occurring is an exponential random variable with mean 5000 feet. (a) What is the probability that the length of a filament chosen at random lies between 4750 and 55..
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Develop service delivery observation skills
: Service Journal (20%). The purpose of this journal is to develop service delivery observation skills, apply theory discussed in class to each entry, and to reflect on your learning experiences as a consumer
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Problem regarding the machine set value
: Machines used to fill food cartons are usually set to slightly overfill the boxes so that the contents will not weigh less than the advertised net weight. This takes into account the fact that the actual weight of each box varies somewhat from th..
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Show the nth degree polynomial that minimizes
: Let n=0{Φn(x)}∞ be a family of orthonomal polynomials with respect to the weight function w(x). Show that the nth degree polynomial that minimizes.
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How do copayments and deductibles reduce risk
: What are the advantages and disadvantages of ABC relative to the step-down method of cost allocation?
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Normal probability plot of the data
: 1. Using the hardness data from the odor data set odor .txt, do the following. (a) Make a normal probability plot of the data. (b) Do the data appear to be normally distributed? Explain.
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Differentiating the distribution function of a weib
: By differentiating the distribution function of a WEIB( 8,,6) random variable (equation (4.3.28) ), show that its density is given by equation (4.3.29).
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Discuss whether entering a transaction in a journal
: A journal is used to chronologically record all transactions of a business. These transactions are then posted to the ledger. Consider the steps involved in recording transactions in the books of account and respond to the following: Discuss wheth..
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What is income for block tax and bookkeeping services
: During July, Block's Tax and Bookkeeping Services performs services and bills customers for $44,000. On July 31, 2008, customers had paid $13,000 of the amount owed. What is income for Block's Tax and Bookkeeping Services for July, 2008: Applying c..
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