Physician office revenue for visit code 99214 has a full established rate of $72.00.
Of 10 different payers, there are 9 different contracted rates, as indicated in the template provided below.
For each payer, compute the contractual allowance using the template provided:
GHA 1 Template
COLUMN A B C=A-B
PAYER FULL RATE CONTRACTED RATE
CONTRACTUAL ALLOWANCE
FHP $72.00 $37.00
HPHP $72.00 $56.85
MC $72.00 $44.90
UND $72.00 $62.40
CCN $72.00 $70.23
MO $72.00 $61.75
CGN $72.00 $9.00
PRU $72.00 $57.90
PHCS $72.00 $48.00
ANA $72.00 $43.00
In: Finance
What is Net Income for the Following?
Revenue $ 1,200,000.00
Construction Expenses 900,000.00
Administrative overhead 200,000.00?
In: Finance
Bernoulli Glass Company provides the following information at the end of its current year:
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Sales revenue earned during the year |
120,000 |
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Cash remaining at end of year |
13,200 |
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Salaries owed to employees at end of year |
2,000 |
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Accounts receivable from customers |
7,700 |
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Loan borrowed from bank that is due in two years |
8,800 |
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Cost of equipment purchased in prior years, expected to last four more years |
14,000 |
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Salary earned by employees during the year |
6,400 |
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Cost of inventory sold during the year |
8,500 |
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Inventory purchases that are still unpaid and owed to suppliers at end of year |
3,900 |
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Dividends declared and paid during the year |
14,900 |
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Capital contributions received from shareholders during prior years |
44,000 |
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Capital contributions received from shareholders during the current year |
1,000 |
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Cost of delivery van purchased at end of year; expected to last six years |
26,200 |
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Cost of research expenditures sustained during the year |
17,900 |
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Retained earnings at end of year |
? |
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Cost of rent used up during the year |
25,000 |
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Income taxes paid during the year attributable to income earned during the year |
15,600 |
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Cost of inventory still on hand at end of year |
32,400 |
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Retained earnings at beginning of year |
2,100 |
Required:
In: Accounting
The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 20Y7, the end of the fiscal year:
| Depreciation expense | $7,400 |
| Insurance expense | 3,400 |
| Miscellaneous expense | 8,300 |
| Rent expense | 56,000 |
| Service revenue | 446,600 |
| Supplies expense | 2,000 |
| Utilities expense | 35,000 |
| Wages expense | 355,000 |
| Labels | |
| Expenses | |
| January 31, 20Y7 | |
| For the Year Ended January 31, 20Y7 | |
| Amount Descriptions | |
| Net income | |
| Net loss | |
| Total expenses |
Prepare an income statement. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. You will not need to enter colons (:) on the income statement.
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Acorn Health Services Co. |
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Income Statement |
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In: Accounting
Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3)
During the year, TRC Corporation has the following inventory transactions.
| Date | Transaction | Number of Units | Unit Cost | Total Cost | |||||||||
| Jan. | 1 | Beginning inventory | 52 | $ | 44 | $ | 2,288 | ||||||
| Apr. | 7 | Purchase | 132 | 46 | 6,072 | ||||||||
| Jul. | 16 | Purchase | 202 | 49 | 9,898 | ||||||||
| Oct. | 6 | Purchase | 112 | 50 | 5,600 | ||||||||
| 498 | $ | 23,858 | |||||||||||
For the entire year, the company sells 432 units of inventory for $62 each.
Exercise 6-4A Part 2
2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
In: Accounting
Consulting revenue _______ owner's equity.
Select one:
a) Increases
b) Decreases
c) None of the above
In: Accounting
Top line refers to which line on the income statement?
A. Overhead
B. Revenue
C. Net income
D. Cost of goods sold
In: Accounting
Revenue expenditures, also called income statement
expenditures, are additional costs of plant assets that do not
materially increase the assets' life or productive
capabilities.
Select one:
a. FALSE
b. TRUE
In: Accounting
The state government collects $400 billion in tax revenue during the current fiscal year and spends $415 billion. Which of the following is true?
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a. |
The government is running a cash flow surplus. |
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b. |
The national debt will decrease by about $15 billion. |
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c. |
The government will cut taxes to cover this shortfall. |
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d. |
The national debt will increase. |
Assume a convex utility function with an interior solution in which a consumer chooses some of each good. Which of the following is NOT represented by the slope of the budget constraint at optimal consumption?
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a. |
marginal rate of substitution |
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b. |
relative price of one good (drawn on horizontal axis) in terms of other good (drawn on vertical axis) |
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c. |
relative price of one good (drawn on vertical axis) in terms of other good (drawn on horizontal axis) |
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d. |
ratio of the marginal utilities |
In: Finance
How would you find 5f?
The P/S ratio is 4.61674367 and the 5th year revenue is $106.4. Is any other information required?
| Q5e | 3 | Estimate the terminal value (TV) at year 5 was based on the 'arithmetic average price-to-sales ratio' found above rather than the perpetuity formula. | 491 | |||||||||
| Q5f | 3 | Estimate the share price of your firm based on this multiples-based TV. | ||||||||||
In: Finance