Define and discuss the relationship between clinical documentation improvement, electronic document management, and revenue cycle management. Identify how efforts and operational focus of the first two affect revenue cycle and what those impacts could mean to the healthcare organization

Ahmad, Bong and Cathy are the directors of Alpha Sdn Bhd (“Alpha”), a private limited company situated in Bandar Sunway. The company is involved in the leisure and hospitality business covering theme parks, gaming, hotels, seaside resorts and entertainment for over 50 years. Each of the directors holds 15% of the company’s share capital. Answer the following separate and independent questions:

a. Beta Bhd (“Beta”) is a public limited company. The company wishes to enter into a contract with “Alpha” for the supply of iron and steel to be used for Alpha’s theme parks. The Board of Directors of “Alpha” had a meeting last month to decide on the matter. They decided that the company will proceed with the contract with “Beta”. However, recently, after entering and completing the contract, they discovered that the Managing Director of “Beta” is Bakar, who is a good friend of Bong.

b. Recently, “Alpha” contracted to buy a piece of land from Ahmad which was to be converted to a water theme park. The market value of the land is RM 600,000. “Alpha” bought the property at RM 550,000.
Advise the Board of Directors of “Alpha” on the legal issues arising in the above questions.

You are now 80 years old; you have lost your spouse, your children are grown and now live out of town. Your vision has failed so you no longer have the ability to drive. Osteoarthritis has made it difficult for you to walk and raise your arms above your head. This has forced you to use a walker. You no longer have the ability to prepare your own food or to bathe yourself. Your hearing has also failed you and so the television is no longer a form of entertainment. Your children have had to put you into an assisted living facility .You must live in a 8 x 24 square foot room. Because of the cost, you must have a roommate.

1. Describe three possessions you will keep to take with you to the facility. (No pets).

2. List 5 cherished freedoms you will miss the most.

3. In a paragraph describe how it makes you feel.

4. Write a second paragraph using the phrase "Growing old is not for the faint of heart."

1) Which of the following numbers is most likely to represent the correlation between a 25 year old person’s income and their spending on entertainment?

a)–1 b) –0.6 c) 0 d)0.6 e) 1

2) A club prefers when bands start their sets on time. The probability that a band performing there starts on time is 35%. The probability that a band is invited back there is 60%. What is the probability that a band performing there starts on time and is invited back to perform there again?

a) exactly 5% b) at least 5% and less than 21% c) exactly 21% d) more than 21% and at most 35% e) exactly 35% f) more than 35%

3) A bar band gets an average of 8 gigs per month, with a standard deviation of 3. If you wish to use the Z distribution calculator to determine how the probability that the band gets no more than 6 gigs this month, you should enter the following

a) above 7.5 b) above 8 c) above 8.5 d) below 7.5 e) below 8 f) below 8.5

Phoenix Company’s 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.

3. The company’s business conditions are improving. One possible result is a sales volume of 18,000 units. The company president is confident that this volume is within the relevant range of existing capacity. How much would operating income increase over the 2017 budgeted amount of $419,000 if this level is reached without increasing capacity?

Presented below are the income and expenses of G&G Corporation, computed according to generally accepted accounting principles. Compute taxable income. No financial statements are given.

Explain whether the following arrangements are lease transactions, in accordance to NZ IFRS 16.

1. Company S enters into a contract with Company T, whereby Company T provides 6 delivery vans for Company S to use over the next 5 years. The vans have been selected by Company S from a large pool of similar vans and are explicitly identified in the contract. Company T is only allowed to substitute the vans if, and only for the period when, the vans are being repaired.

2. Company A enters into a contract with Company B, whereby Company B will provide 4 aeroplanes for Company A to use over the next 3 years. The aeroplanes have been selected by Company A from a large pool of similar aircraft, but remain in the airport hangar owned by Company B when not in use and can be substituted at any time by Company B.

3. Company Y enters into a contract with Company Z, an entertainment arcade operator, whereby Company Y will be offered a space for a pop-up shop in one of the arcades managed by Company Z. The contract specifies the size of the space to be provided.

Exercise 1-2 Accrual accounting [LO1-2]

Listed below are several transactions that took place during the second and third years of operations for RPG Company.

In addition, you learn that the company incurred advertising costs of $35,000 in year 2, owed the advertising agency $6,000 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3.

Required:
1. Calculate accrual net income for both years.
2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.

Paul Inc, a calendar year C-Corp and accrual method taxpayer, provides the following information and wants a Schedule M-1 prepared (state which line each amount should be on on Schedule M-1). Journal entries should also be prepared.

Journal Entries:

Company Y had book income of $600,000. The following items were identified:

1. Income from PA Municiple Bonds: 10,000

2. Excess Depreciation Expense: 60,000

3. Officers Life Insurance Expense: 5,000

4. Bad Debt Provision (Expense): 7,000 (no- charge offs this year)

5. Warranty Reserve (Expense): 12,000 (no claims this year)

6. Meals and Entertainment Expense: 20,000 (100% of expenses)

Company Y's tax rate is 40%

Beginning of the year, cumulative temporary difference is computed as follows:

Book Accumulated Depreciation: 110,000

Tax Accumulated Depreciation: 150,000

Cumulative Difference in PP&E: 40,000

Cumulative Difference in Accounts Receuvable Provision: 20,000

Cumulative Difference in Warranty Reseve: 80,000

Taxable Income: 674,000

Deferred Tax Asset: 31,600

Income Tax Payable: 269,600

Income Tax Expense: 238,000

1. Calculate Deferred expense/benefit

2. Prepare an adjusting journal entry to record the deferred tax provision

3. Calculate total provision (current plus deffered)