The three types of revenue sources you will cover are the following:

• Medicaid.
• Medicare.
• Managed Care.

For each of the revenue sources, you must do the following:

• Explain the purpose of the program.
• Analyze the process of reimbursement for health care organizations.
  • What steps must be taken in order to receive reimbursement for services?
  • How complicated is each step?
  • What kind of information is required from the organization?
  • How long does it take to receive reimbursement?
• Explain the benefits of the program for both patients and health care organizations.

list three tests of internal controls for each of the following: Revenue and cash receipts. Why do you think these controls are important?

2. An environmentalist is interested in estimating the mean time between eruptions of Old
Faithful Geyser in Yellowstone National Park. Over the course of a year, she takes a random
sample of the time intervals (in minutes) between eruptions. Her results are recorded in the
following table. Both the population mean and standard deviation are unknown.

Time Between Eruptions (in minutes)
63 63 71 77 81 65
67 84 72 75 70 70
93 83 85 79 90 74
81 74 80 65 70 84
83 78 71 67 97 88
62 61 57 86 70 77
78 75 67 89 93 81
86 65 70 77 83 76
76 67 99 75 76 83
97 93 73 81 85 90
(a) Construct a stem-and-leaf diagrams of the times using two lines per stem.
(b) Describe the stem-and-leaf diagram. When describing a graph, you must describe the shape,
center and spread.
(c) Form a 95% confidence interval for the mean time between all eruptions of Old Faithful
Geyser. Use clear, complete sentences to interpret the interval.
Confidence Interval
(d) Based on the 95% confidence interval formed in part (c), is it plausible that the mean time
between all eruptions of Old Faithfull geyser is 77 minutes? Why or why not? Use clear,
complete sentences to state and justify your answer.
(e) Based on the 95% confidence interval formed in part (c), is it plausible that the mean time
between all eruptions of Old Faithfull geyser is 90 minutes? Why or why not? Use clear,
complete sentences to state and justify your answer.

1. A researcher wants to know if the typing speed of a secretary in words per minute is related to the time in hours that it takes to learn the new word processing program. Below is speed versus hours to learn program. What is the regression equation? Typing speed --48- 74 - 52-- 79-- 83-- 56-- 85-- 63-- 88-- 74-- 90-- 92 Time hrs.----- --7---- 4---- 8 -- 3.5 --2 -- 6 ---2.3-- 5 -- 2.1-- 4.5--1.9- 1.5 Select one: a. y = 0.19 x - 18.7 b. y = 0.354 x - 21.3 c. y= -0.137 X + 14.086 d. y = 0.34 X - 19.8

2. A researcher wants to know if the typing speed of a secretary in words per minute is related to the time in hours that it takes to learn the new word processing program. Below is speed versus hours to learn program. Find the 90 % prediction interval for number of hours it would take an average secretary who has a typing speed of 72 words per minute to learn the word processing program.

Typing speed --48- 74 - 52- 79-- 83- 56- 85- 63- 88- 74- 90- 92
Time hrs.----- --7- ---4--- 8 - 3.5----2 - 6 --2.3- 5 - 2.1- 4.5-1.9- 1.5

Select one:

a. 2.5 < y < 5.4

b. 3.34 < y < 5.1

c. 4.5 < y < 6.25

d. 2.5 < y < 4.8

3. A researcher wants to know if the typing speed of a secretary in words per minute is related to the time in hours that it takes to learn the new word processing program. Below is speed versus hours to learn program. What is the correlation coefficient?

Typing speed --48- 74 - 52- 79-- 83- 56- 85- 63- 88- 74- 90- 92
Time hrs.----- --7- ---4--- 8 - 3.5----2 - 6 --2.3- 5 - 2.1- 4.5-1.9- 1.5

4. A researcher wants to know the relationship between the number of cows ( in thousands) in certain counties and the milk production ( in million pounds).
The data is shown below. Estimate the amount of milk if there are 125 million cows in the county. Write answer in millions of pounds (85 if there are 85 million pounds)

Cows (millions) ------70-----3-----194-----12-----46-----65
Milk (Million #)--------115----5-----289-----15-----72-----92

5.

Question text

A researcher wants to know if the typing speed of a secretary in words per minute is related to the time in hours that it takes to learn the new word processing program. Below is speed versus hours to learn program. Predict the number of hours it would take an average secretary who has a typing speed of 72 words per minute to learn the word processing program.

Typing speed --48- 74 - 52- 79-- 83- 56- 85- 63- 88- 74- 90- 92
Time hrs.----- --7- ---4--- 8 - 3.5----2 - 6 --2.3- 5 - 2.1- 4.5-1.9- 1.5

6.

Question text

A researcher wants to know if the typing speed of a secretary in words per minute is related to the time in hours that it takes to learn the new word processing program. Below is speed versus hours to learn program. Find the standard error of estimate for an average secretary who has a typing speed of 72 words per minute to learn the word processing program.

Typing speed --48- 74 - 52- 79-- 83- 56- 85- 63- 88- 74- 90- 92
Time hrs.----- --7- ---4--- 8 - 3.5----2 - 6 --2.3- 5 - 2.1- 4.5-1.9- 1.5

Carmel Company has a frequent buyer program for its customers, where the customers can attain an “elite” level based on the number of orders and the total revenue of the orders. There are two elite levels: Platinum and Titanium. The benefits of elite membership include discounts and access to special customer service representatives who can resolve problems. The company has one full-time customer representative per 200 Titanium customers and one full-time customer representative per 2,000 Platinum customers. Customer representatives receive salaries plus bonuses of 1 percent of customer gross margin. Carmel spends 80 percent of its promotion costs on Titanium customers to encourage their loyalty.

Required:

a. Calculate the totals of the items below for both titanium and platinum customers, as well as the excess of gross margin over customer costs for each category.

b. Which customers are more profitable? platinum or titanium?

You are a manager at a retail pharmacy outlet called One Pharmacy. Your store is in a very socially and culturally diverse suburb. Sometimes your staff members complain that the customers they serve are rude, unreasonable or difficult to understand. You realise your customer service systems may need to be reviewed and updated to best support your staff in serving the needs of your customers

You are a manager at a retail pharmacy outlet called One Pharmacy. Your store is in a very socially and culturally diverse suburb. Sometimes your staff members complain that the customers they serve are rude, unreasonable or difficult to understand. You realise your customer service systems may need to be reviewed and updated to best support your staff in serving the needs of your customers

Question 37

1. A monopolist maximizes profits by

   	a.	producing an output level where marginal revenue equals marginal cost.
   	b.	charging a price equal to marginal revenue and marginal cost.
   	c.	charging a price where marginal cost equals average total cost.
   	d.	Both a and b are correct.

Question 38

1. A monopoly is an inefficient way to produce a product because

   	a.	it faces a downward-sloping demand curve.
   	b.	it can earn both short-run and long-run profits.
   	c.	the cost to the monopolist of producing one more unit exceeds the value of that unit to potential buyers.
   	d.	it produces a smaller level of output than would be produced in a competitive market.

Question 39

1. A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it

   	a.	can prevent children from buying the lower-priced tickets and selling them to adults.
   	b.	has some degree of monopoly pricing power.
   	c.	can easily distinguish between the two groups of customers.
   	d.	All of the above are correct.

Some Accounting for Inventories questions I have:

1.

CAISCO Sales Inc. had a beginning inventory of May comprising of 700 units that had a cost of $80/unit. A summary of purchases and sales during the month of May are as follows:

If CAISCO Sales Inc. uses a periodic inventory system, which of the following statements is true?

CAISCO Sales Inc. must use the weighted average cost flow assumption since a perpetual inventory system is used.

CAISCO Sales Inc. must use the FIFO cost flow assumption since a periodic inventory system is used.

None of the other alternatives are correct

CAISCO Sales Inc.'s ending inventory will be higher if FIFO is used than if LIFO is used.

CAISCO Sales Inc.'s ending inventory consists of 1,200 units only if FIFO cost flow method IS assumed.

2.

Chime Inc. counted and valued its inventory using the first-in, first-out (FIFO) cost flow assumption at both December 31, 2004 and 2005 and reported these amounts on its financial statements. While there was no consignment inventory on hand at December 31, 2005, there was at December 31, 2004. If consignment inventory (inventory not belonging to Chime, but stored on its premises), had been inadvertently counted and included in the 2004 inventory valuation, the

inventory would have been understated at December 31, 2005

inventory would have been overstated at December 31, 2005

net income would have been understated in 2004

None of the other alternatives are correct

net income would have been understated in 2005

3.

You have recently been hired as the assistant controller for Stanton Temperton Corporation, which rents building space in major metropolitan areas. Customers are required to pay six months of rent in advance. At the end of 2018, the company's president, Jim Temperton, notices that net income has fallen compared to last year. In 2017, the company reported before-tax profit of $330,000, but in 2018 the before-tax profit is only $280,000. This concerns Jim for two reasons. First, his year-end bonus is tied directly to before-tax profits. Second, shareholders may see a decline in profitability as a weakness in the company and begin to sell their stock. With the sell-off of stock, Jim's personal investment in the company's stock, as well as his company-operated retirement plan, will be in jeopardy of severe losses. After close inspection of the financial statements, Jim notices that the balance of the Deferred Revenue account is $120,000. This amount represents payments in advance from long-term customers ($80,000) and from relatively new customers ($40,000). Jim comes to you, the company's accountant, and suggests that the firm should recognize as revenue in 2018 the $80,000 received in advance from long-term customers. He offers the following explanation: “First, we have received these customers' cash by the end of 2018, so there is no question about their ability to pay. Second, we have a long-term history of fulfilling our obligation to these customers. We have always stood by our commitments to our customers and we always will. We earned that money when we got them to sign the six-month contract.”

Discuss the ethical dilemma you face:

1. What is the issue?

2. Who are the parties affected?

3. What factors should you consider in making your decision?

4. What is the stance you will take?

Required: 1) Reach a consensus concerning the answers to the four questions.

2) Write a memo to the company’s controller discussing the issue and the stance that your group is taking.