Normal care and intensive care

Assignment Help Accounting Basics
Reference no: EM131103831

Limon Hospital has two types of patients: normal care and intensive care. On a daily basis, both types of patients consume resources necessary for their care. For example, they occupy beds, receive nursing help, use care supplies (lotion, gauze, tissues, etc.), have bedding, towels, and clothes laundered, eat meals, etc. Bill Simons, the hospital administrator, wants to calculate the cost per patient day for each type of patient.

To illustrate how daily care costs can be assigned to each type of patient, infor- mation has been gathered for nursing care. There are always four nurses on duty.

There are three shifts, each lasting eight hours. Nurses work 40 hours per week and are paid an average of $45,000 per year, including benefits. Full-time nurses work 50 weeks per year. The hospital employs only one part-time nurse, who is paid $22,500 for the hours worked during the year (only the amount needed to ensure that the four-nurse coverage policy is satisfied). Assume that a year is exactly 52 weeks. Dur- ing the year, normal-care patients accounted for 8,000 patient days, and intensive- care patients accounted for 2,000 patient days. Intensive-care patients use half of the nursing care hours.

Reference no: EM131103831

Questions Cloud

Find the fourier series : Math 054 Partial Differential Equations - HW Assignment 4, Find the Fourier Series for f(x) = x if -π
Develop a nutrition newsletter posterfor parents on myplate : Develop a Nutrition Newsletter Page/Posterfor Parents on MyPlate and Developa nutritious, healthy,3-DayMenu plan based on the guidelines and resources set forth in these directions.
Far analysis : Please Explain Following analysis of AirAsia airline: FAR analysis  Gap analysis  VRIO analysis
Provision of marketing and transport facilities for tin : Tin acquired 15% of the equity voting shares and 90% of the non-voting preferred shares of Copper. Copper has no other category of shares.
Normal care and intensive care : Limon Hospital has two types of patients: normal care and intensive care. On a daily basis, both types of patients consume resources necessary for their care.
Reviewing the budget every month to determine : As an office manager, you are reviewing the budget every month to determine what your costs are. When reviewing the budget, you see that your payroll is over-budget the last two months.
Gfb estimates that the volume of business loans : In 2013, Grand Falls Bank (GFB) had $4,000,000 in business loans at an average interest rate of 3.5 percent as well as $3,200,000 in consumer loans with an average rate of 8 percent. GFB also has $750,000 invested in government securities that pay..
Bonds outstanding with the following characteristics : Red Frog Brewery has $1,000-par-value bonds outstanding with the following characteristics: currently selling at par; 5 years until final maturity; and a 9 percent coupon rate (with interest paid semiannually).
Which is most appropriate to justify use of death penalty : Of the five contemporary goals of sentencing discussed in the unit, which is the most appropriate to justify the use of the death penalty? Debate the ethics of the principle of "lex talionis" (an eye for an eye). Ensure that in your response you ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  What would be the amount of each installment

What would be the amount of each installment? Prepare the journal entry for the second installment payment.

  What amount of bad debt expense would the company record

Assume that Simple Co. had credit sales of $ 250,000 and cost of goods sold of $ 150,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $ 3,000. Before the end-..

  Cba accounting is auditing a large publicly traded company

cba accounting is auditing a large publicly traded company. the audit of internal controls over financial reporting has

  Suppose a target income of 10 of average invested assets

abbe company reported the following financial numbers for one of its divisions for the year average total assets of

  Motorola inc fired its cfo paul liska in january for a

motorola inc. fired its cfo paul liska in january for a number of reasons related to his performance as stated by

  Current assets are 70000 noncurrent asset are 150000

current assets are 70000 noncurrent asset are 150000 current liabilities are 40000 and long-term liabilities are

  Engineer concern about the overhead rate

What is the engineer's concern about the overhead rate going "up and up"?

  Lopez company has implemented an employee

For the year ended December 31, 2013, Lopez Company has implemented an employee bonus program equal to 3% of Lopez's net income,

  Determine danielsons postretirement benefit expense

Determine Danielson's postretirement benefit expense for the current year. Prepare the journal entries to record the benefit expense and funding for the current year.

  Xy and z are partners in a firm sharing profits in 764

xy and z are partners in a firm sharing profits in 764 ratio.their respective fixed capitals are rs.80000rs.40000

  Recorded depreciation expense of 1400 for the month on the

the following transactions occurred during march 2013 for the wainwright corporation. the company owns and operates a

  What gain or loss must be recognized on the distribution

What gain or loss must be recognized on the distribution, and who must recognize it?

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