3. What are Mayo Clinic current revenue sources by payor? Is it favorable? How is it changing?​

In Unit 3 we learn about recognition of revenue and expenses, and the proper timing of their recording in the firm's accounting records.

For those of us accustomed to thinking of revenue and expense occurring at the time payments are made and money changes hands, this may be a new and unfamiliar concept - but it is an important one.

Discuss the difference between accrual basis accounting and cash basis accounting. Please remember to create your submission in your own words. Feel free to include brief quotes from your sources (with citations) but do not copy and paste from the source material.

Identify (3) three revenue management “factors” that will have an impact on a hotel with respect to optimizing revenue generation. Explain and elaborate each concept.

.Ceramic hip replacements are very durable but can also be squeaky. The May 11, 2008 issue of the New York Times reported that in one study of randomly sampled 143 individuals who received ceramic hips beween 2003 and 2005, 10 of the hips developed squeaking. Calculate and interpret the 95% score CI for the true proportion of such hips that develop squeaking. (Include all 3 steps.)

3. See the table below that was assigned to you as homework in a previous week.  Suppose that the market price is $13 per unit.

a. What quantity will the firm produce? Why?

b. At that quantity level, what profits or losses will this firm make?

c. The breakeven price is the point at which the price equals the minimum ATC. At what price would this firm break even?

d. The textbook indicates that if product price equals the minimum of AVC or lower, the firm must shut down because at any quantity that the firm produces, the revenue that the firm gets is not even enough to pay the variable costs of production.  What is the shutdown price, in the table above?

4. How is a monopoly different from perfect competition?

5. How does the quantity produced and price charged by a monopoly compare to that of a perfectly competitive firm?

Marlo, a publicly held corporation with a 21 percent tax rate, has agreed to pay an annual salary of $1.32 million to its employee, Mrs. Ryman. In making your calculation, ignore the employer payroll tax.

Compute Marlo’s after-tax cost of the salary when Mrs. Ryman is Marlo's principal executive officer (PEO).

Compute Marlo’s after-tax cost of the salary when Mrs. Ryman is Marlo's Director of Marketing and the sixth most highly compensated employee in the company.

A company sold a total of 1,000 units for total sales revenue of $70,000.

The company incurred total variable expenses of $38,500 and total fixed expenses of $ 23,310.

Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 8,190.

Use this information to answer the following questions. Assume that all units are within the relevant range.

1 Calculate the net operating income if the variable cost per unit increases by $1, spending on fixed costs increases by $1,600, and unit sales increase by 220 units.

2 Calculate the break-even point in unit sales.

3 Calculate the break-even point in unit sales.

4 Calculate the number of units that must be sold to earn a target profit of $18,900.

A company sold a total of 1,000 units for total sales revenue of $70,000. The company incurred total variable expenses of $38,500 and total fixed expenses of $ 23,310. Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 8,190. Use this information to answer the following questions. Assume that all units are within the relevant range.

1.Calculate the per-unit contribution margin

2.Calculate the contribution margin ratio.

3. Calculate the increase in net operating income if sales increase to 1,001 units

4.Calculate the net operating income if the selling price increases by $2 per unit and the sales volume decreases by 100 units.