# Project #159666 - Finance sheets

 Subject Business Due By (Pacific Time) 12/16/2016 12:00 am

All charts should be incorporated into your paper or attached if hand drawn

Determine the amount of net operating income that would result for a hospital whose payer mix and expected volume (100 cases) is as follows:

 30 Medicare cases pay \$2,000 per case 30 Blue Cross Blue Shield cases pay \$2,200 per case 20 commercial cases pay 100 percent of charges 10 Medicaid cases pay average cost 8 self-pay cases pay 100 percent of charges 2 charity cases pay nothing Average cost per case is expected to be \$2,200, and the average charge per case is \$2,500

I should see the following:  (show your work)       (45 points)

A total for gross patient revenue – read this question carefully

A total for deductions for gross patient revenue – read this question carefully

Net patient revenue

Total expenses

Excess of revenue over expenses

1.     Calculate gross patient revenue, deductions from gross patient revenue, net patient revenue, total expenses, and excess of revenues over expenses above.

2.     Define revenue  (5 pts)

3.      Define fee for service, discounted fee for service, charity services, and payment before service is delivered.  ( all written assignments must be in APA format)    (15 pts)

Time Value of Money  (TVM)

Calculate the Future Value of \$1 in each of these 3 projects    (15 pts)

Calculate the Present Value of each of the Projects below:       (15 pts)

Future value and present value concepts are extremely important to the role of financial management and impact cash flow.  The response and discussion activities for this objective may require research on the topic of time value in finance.

Explain the role of time value in finance and evaluate the impact it has in financial management.  Define TVM    (15 pts)

Income Statement Preparation:  ( 30 pts)

Prepare an Income Statement, in proper format, for 2015 for Johnson Medical Supplies (JMS) from the following information:

·       Salaries                          \$70,000

·       Insurance                            \$700

·       Utilities                           \$3,500

·       Gas/Auto                         \$5,750

·       Office Supplies               \$7,250

·       Revenue                      \$175,000

·       Rent                              \$12,000

·       Maintenance                  \$50,000

Calculate, define, and discuss the operating expenses, operating profit, and profit percentage.  Discuss what an income statement is.

(20 pts)

Did JMS have a good year? Why/Why not?   (10 pts)

Industry average?

 Complete the ratios listed based on the following Income Statement and Balance Sheet. 3.5 pts each or 38.5 pts in total ABC Company Income Statement Last Year Quick Ratio Sales \$1,000,000 \$900,000 Current Ratio Cost of Goods Sold \$750,000 \$650,000 Gross Profit \$250,000 \$250,000 Accounts Receivable Turnover Operating Expenses Inventory Turnover Selling Expenses \$50,000 Administrative Expenses \$85,000 Net Profit on Sales Total Operating Expenses \$135,000 \$127,000 Gross Profit Margin Operating Income \$115,000 \$123,000 Interest Expense \$17,500 \$17,500 Return on Assets Net Income before Taxes \$97,500 \$105,500 Return on Equity Income Tax Expense \$34,125 \$36,925 Working Capital Net Income after Taxes \$63,375 \$68,575 Debt to Equity ABC Company Balance Sheet Times Interest Earned Current Assets Cash \$5,500 \$4,950 Accounts Receivable \$21,000 \$18,900 Inventory \$17,500 \$15,750 Total Current Assets \$44,000 \$39,600 Non-Current Assets Machinery & Equipment \$100,000 \$90,000 Furniture & Fixtures \$15,000 \$13,500 Transportation Equipment \$25,000 \$22,500 Accumulated Depreciation \$17,500 \$15,750 Total Non-Current Assets \$122,500 \$110,250 Total Assets \$166,500 \$149,850 Current Liabilities Accounts Payable \$25,000 \$22,500 Notes Payable \$15,500 \$13,950 Wages Payable \$1,200 \$1,080 Current Liabilities \$41,700 \$37,530 Non-Current Liabilities Long-Term Notes \$27,000 \$24,300 Total Liabilities \$68,700 \$61,830 Stockholders' Equity Retained Earnings \$65,000 \$58,500 Common Stock \$32,800 \$29,520 Total Equity \$97,800 \$88,020 Total Liabilities & Equity \$166,500 \$149,850

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