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A nursing unit has 10 beds, but 2 beds are vacant because of insufficient numbers of nursing staff. The daily cost of providing nursing services to the 8 filled beds is $2000. The unit manager increases the number of staff, and this allows all 10 beds to be filled. As a result, the daily cost of providing nursing services to the 10 filled beds increases to $2400. Because of a change in staff mix when new nursing staff members are added, nursing hours per patient day (HPPD) increases from 4.0 to 4.5. Measures show no change in the quality of patient care. Problem 1: How does the new staffing pattern productivity compare with productivity in the original staffing plan on a unit cost ($ per patient day) basis?
Prepare journal entry to record the site restoration obligation and a summary journal entry to record the cost of construction. Date both entries December
Which situation would Keith be UNABLE to deduct the interest expense he incurred? Last year, Keith paid $12,800 in interest on the mortgage on his principal
You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1)
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 5% convertible bonds outstanding during 2015. The preferred stock is convertible into 40,000 shares of common stock.
Suppose you started up your own landscaping business. A costumer paid you $170 in advance to mow his or her lawn while he or she was on vacation. Prepare the journal entries to record the three transactions.
Each month from the account that currently has $100,000. If the rate of return is 8% compounded monthly, how much is the size of each monthly withdrawal?
Valuation of Bond at applicable inflation rates and change in the risk free rates and what rate should you see for a three-year-maturity Treasury Bond in today's Wall Street Journal ?
Manufacturing overhead during the year was over applied. If the amount is immaterial, which one of the following is a part of the transaction that should occur to dispose of the over applied amount?
You are considering the purchase of a stock that just paid a dividend of $3. What should you pay for a share of this stock
What is the effective interest cost for the first year if the annual LIBOR is 4.20?% during the first six months and 4.50?% during the second six months.
How does the preparation of a statement of cash flows differ for a consolidated entity compared with that of a single corporate entity?
Jack is a cash basis, calendar year taxpayer. Jack borrowed $10,000 from Tom in 2010 in a business transaction. The terms of the loan called for Jack to pay annual interest at 6% with the principle due in December of 2015. What amount would Jack rec..
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