Managing a healthcare organization through revenue generation and cost control is beneficial for the sustainability of the organization. “There is a statistically significant relationship between hospital financial performance and quality of care (Dong, G.N., 2015).” Evidence supports the concept that well fiscally managed healthcare organizations deliver better healthcare to patients then organizations that do not. In a few paragraphs, conduct some research to either support or refute this claim.
In: Nursing
In a bank reconciliation, interest revenue earned on a chequing account would be deducted from the book balance.
true or false
In: Accounting
Aren’t assets and revenue the same? If a business works for someone and gets paid, aren’t Cash and Revenue exactly the same thing?
Why are the ledger accounts in a specific order? Why aren’t they listed in alphabetical order?
In: Accounting
James and Katie will be auditing the revenue account for their
retail client, Go Big Tires. They disagree about how to test the
occurrence assertion for the revenue account. James thinks they
should use Procedure A, while Katie thinks Procedure B is
appropriate.
| A. | Select a sample of sales from the sales journal and agree the details in the journal to the invoices sent to customers, shipping documents, and customer orders. | |
| B. | Select a sample of invoices sent to customers, shipping documents, and customer orders and agree to the details recorded in the sales journal. |
Who do you agree with, James or Katie, and why? Which assertion
does the other procedure provide evidence about?
In: Accounting
Shown below are rental and leasing revenue figures for office machinery and equipment in the United States over a 7-year period according to the U.S. Census Bureau. Use this data and the regression tool in the data analysis tool pack to run a linear regression. Based on the formula you get from the regression output, answer the following questions: a) What is the forecast for the rental and leasing revenue for the year 2011? b) How confident are you in this forecast? Explain your answer by citing the relevant metrics. Year Rental and Leasing ($ millions) 2004 5,860 2005 6,632 2006 6,543 2007 5,952 2008 5,732 2009 5,423 2010 4,589
can the answer be typed out please?
In: Advanced Math
In: Accounting
Trend analysis for the MHS Statement of Revenue and Expenses
appears on the worksheet below. Metropolis Health System
Statement of Revenue and Expenses
For the Years Ended March 31, 20X4 and 20X3
find the X’s
|
Year 2 Year 1 Difference Percent |
|
Revenue |
|
Net patient service revenue $34,000,000 $33,600,000 $400,000 1.19% |
|
Other revenue XXXX 1,000,000 100,000 10.00% |
|
Total Operating Revenue $35,100,000 XXXXX $500,000 1.45% |
|
Expenses |
|
Nursing services XXXXX $5,450,000 ($425,000) –7.80% |
|
Other professional services 13,100,000 XXXX 150,000 1.16% |
|
General services XXXX 3,220,000 (20,000) –0.62% |
|
Support services 8,300,000 XXXX (40,000) –0.48% |
|
Depreciation XXXXX 1,800,000 100,000 5.56% |
|
Amortization 50,000 XXXX 0 0.00% |
|
Interest 325,000 350,000 (25,000) –7.14% |
|
Provision for doubtful |
|
Total Expenses 33,400,000 XXXXX (360,000) –1.07% |
|
Income from Operations $1,700,000 $840,000 $860,000 102.38% |
|
Nonoperating Gains (Losses) |
|
Unrestricted gifts and |
|
Interest income 80,000 XXXX 40,000 100.00% |
|
Nonoperating Gains Net XXXX 110,000 (10,000) –9.09% |
|
Revenues and Gains in Excess of |
In: Accounting
How is it that a higher tax rate can increase tax revenue in some cases but decrease it in other cases? Relate this to the price elasticity of demand.
In: Economics
Common sizing for the MHS Statement of Revenue and Expenses
appears on the worksheet below. Metropolis Health System
Statement of Revenue and Expenses
For the Years Ended March 31, 20X3 and 20X2
Find the Xs
|
Year 2 Percent Year 1 Percent |
|
Revenue |
|
Net patient service revenue 34,000,000 96.87% 33,600,000 97.11% |
|
Other revenue 1,100,000 3.13% 1,000,000 2.89% |
|
Total Operating Revenue 35,100,000 100.00% XXX 100.00% |
|
Expenses |
|
Nursing services XXXX 14.32% 5,450,000 15.75% |
|
Other professional services 13,100,000 37.32% XXXX 37.43% |
|
Year 2 Percent Year 1 Percent |
|
General services 3,200,000 9.12% XXXX 9.31% |
|
Support services XXXXX 23.65% 8,340,000 24.10% |
|
Depreciation 1,900,000 5.41% 1,800,000 5.20% |
|
Amortization 50,000 0.14% XXXX 0.14% |
|
Interest XXXX 0.93% 350,000 1.01% |
|
Provision for doubtful |
|
Total Expenses 33,400,000 95.16% 33,760,000 97.57% |
|
Income from Operations XXXX 4.84% 840,000 2.43% |
|
Nonoperating Gains (Losses) |
|
Unrestricted gifts and |
|
Interest income XXXX 0.23% 40,000 0.12% |
|
Nonoperating Gains Net XXXX 0.28% 110,000 0.32% |
|
Revenues and Gains in Excess of |
In: Finance
Revenue is maximized at what specific numerical value of the (own-)price elasticity of demand
In: Economics