Question consider the given scenariodr stephanie white the

Assignment Help Financial Accounting
Reference no: EM13350075

Question :

Consider the given scenario:

Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health organization, is concerned about the dilemma of coping with compact budgets next year and into the foreseeable future but increasing demand for services. To preparation for reduced budgets, she must first check where costs can be cut or reduced and still keeps the agency functioning. Below are some data from the past year.

Program Area

Costs

Administration

Salaries:

Administrator

$60,000

Assistant

$35,000

Two Secretaries

$42,000

Supplies

$35,000

Advertising and promotion

$9,000

Professional meetings/dues

$14,000

Purchased Services:

 

Accounting and billing

$15,000

Custodial

$13,000

Security

$12,000

Consulting

$10,000

Community Mental Health Services

Salaries (two social workers)

$46,000

Transportation

$10,000

Outpatient mental health treatment

Salaries:

Psychiatrist

$86,000

Two Social Workers

$70,000

In an Excel spreadsheet:

Provide a dollar range of costs to decrease budgets (best and worst case analysis).

She needs to cut $94,000 in cost. Prioritize those cuts that will be made without impacting the operation or quality care of the organization.

Explain how managerial accounting is different from cost accounting.

Illustrate the lean production philosophy.

Compare and contrast accounting principles in lean production to those of typical production.

Explain how you would advise Dr. White to prepare for reduced budgets.

Referencing style: APA format

Reference no: EM13350075

Questions Cloud

Question1a painter of mass 1400 kg stands on a platform of : question1a painter of mass 140.0 kg stands on a platform of mass 55.0 kg and pulls on two ropes that hang over pulleys
Questiona hare and a tortoise battle in a race over a : questiona hare and a tortoise battle in a race over a straight course 1.05 km long. the tortoise crawls at the speed of
Question 1crew an s corporation has gross receipts of : question 1crew an s corporation has gross receipts of 190000 and gross income of 170000. crew has aep of 22000 and
Questionwhile the movie back to the future ii came out : questionwhile the movie back to the future ii came out everyone wanted a hover-board. you decide to use your
Question consider the given scenariodr stephanie white the : question consider the given scenariodr. stephanie white the chief administrator of uptown clinic a community mental
Question a firm has established standards as givendirect : question a firm has established standards as givendirect material 3 pounds 4pound 12 per unitdirect labor 2 hours
Questiona particle of mass m in energy state n is confined : questiona particle of mass m in energy state n is confined in an infinite square well potential of width a. a
Question 1 a review of the accounting records of rayford : question 1 a review of the accounting records of rayford manufacturing showing that the company incurred the subsequent
Question pemberton company acquired all of the liabilities : question pemberton company acquired all of the liabilities and assets of the samuelson corporation for cash on 1st

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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