Assignment Details - This is a 5 part deliverable

PART 1

Your facility has 2000 cases in the following payer mix:

• 40% commercial insurances
• 25% Medicare insurance
• 15% Medicaid insurance
• 15% liability insurance
• 5% all others, including self-pay

What are the proportions of the total cases for each payer?

PART 2

The average Medicare rate for each case is $6,200. Use this as the baseline. Commercial insurances average 110% of Medicare, Medicaid averages 65% of Medicare., Lliability insurers average 200% of Medicare, and the others average 100% of Medicare rates.

1. Calculate the individual reimbursement rates for all 5 payers?
2. What is your expected Accounts Receivable?

PART 3

Which of the following costs are fixed, which are variable, and which are direct or indirect:

• Materials/supplies (gowns, drapes, bedsheets)
• Wages (nurses, technicians)
• Utility, building, usage exp (lights, heat, technology)
• Medications
• Licensing of facility
• Per diem staff
• Insurances (malpractice, business, and so on)

PART 4

Given the following costs per case:

• Materials/supplies: $2,270
• Wages: $2,000
• Utility, building, usage exp: $1,125
• Insurances (malpractice, business, and so on): $175

What is the total cost of all combined cases?

PART 5

Calculate the difference between accounts receivable (A/R) and accounts payable (A/P)

A case of ethics: The New Hampshire Supreme Court

September 2000 saw the historic impeachment trial of David Brock, Chief Justice of the New Hampshire Supreme Court, on four counts: making an improper call to a lower court judge in 1987; soliciting comments from a fellow justice on his own divorce case; lying to investigators; and allowing judges to comment on cases in which they had a conflict of interest. The situation arose after an investigation by the New Hampshire Attorney General shortly after receiving a memo from the Supreme Court Clerk, Zibel, detailing ethical violations relating to Justice Thayer’s divorce case and listing concerns about some of the court practices.

An impeachment trial is held to determine whether a judicial officer should be removed from office. The trial is heard by members of the New Hampshire Senate (elected representatives).

Brock had been a judge for 22 years, the last 14 of which was spent as Chief Justice. The Chief Justice is responsible for the efficient operation on New Hampshire courts and is the administrative head of the Supreme Court—a system funded through the State’s budget. Judges are nominated by the Governor and confirmed by the Executive Council. A Judicial Conduct Committee existed to establish ethical standards and provide guidelines to judges for their maintenance.

1. Maladministration or malpractice in connection with the 1987 case:

It was alleged that Chief Justice Brock phoned Trial Judge Gray in May 1987 to ask him about the status of his decision on a lawsuit in which a local company, Strafford Fuels, was the plaintiff. The owner of Strafford Fuels was the New Hampshire Senate majority leader, Ed Dupont. The phone conversation was to remind Gray of Dupont’s powerful position. Another Superior Court Judge commented that ‘The subject matter of this case did not warrant the treatment it got.’

Brock says he didn’t make the call to Gray but phoned the clerk of the court—Gray says he received the call. The charge also stated that Brock failed to report the call. Gray stated that the call was a ‘lapse in ethics’ and at the hearing said—‘Have I had lapses in ethics? Has anyone in this room had lapses in ethics? If so, raise your hand.’ Another Court Judge backed Gray’s testimony saying he recalled Gray joking with him the same day about the call. In a November 1987 letter from Brock to the Senate President, Brock said he had spoken to Gray about ‘our mutual friend’ and the matter would receive ‘prompt attention.’

The Supreme Court discovered the phone call situation when they investigated Gray, in 1987, for making three inappropriate off-the-cuff remarks. The court concluded it was likely Brock had made the call, but felt that the case had not received special treatment.

At the impeachment hearing, the Senate President talked about strained relationships with Brock who told him that if the Legislature did not pass the court budget as submitted, he would ‘order us to.’

2. Maladministration or malpractice in connection with the case of

Thayer v Thayer:

The story was as follows: Thayer, a Supreme Court Justice, was going through an acrimonious divorce. In February, Brock announced, at a meeting attended by Thayer, the appointment of two judges to a panel hearing Thayer’s divorce case. Thayer claims that in a hallway conversation, Brock asked his opinion about the judges, and that he (Thayer) objected to one of them. Brock denies this conversation ever took place. A replacement judge was named to hear the case.

The allegations surrounding Thayer were investigated and Thayer resigned to avoid prosecution.

3. Knowingly testifying falsely under oath to the House Judiciary Committee:

Brock was alleged to have provided false testimony to the House Judiciary Committee. A key set of documents were issued relating to the case. At one point during the investigation, Brock was asked by the House Judiciary Committee, ‘Do you have … [these documents]?’ He replied ‘No.’ It was revealed that he had held the documents but not at that moment in time because he had handed them to his counsel.

4. Maladministration by allowing a practice whereby recused justices could influence opinions in cases from which they were recused:

Justices are required to recuse (disqualify) themselves from any case in which they have an interest. The charge stated that Brock routinely allowed high court justices to comment on cases from which they had recused themselves. During the hearing, justices said that any conversations about such cases related to the language of the decision and not to the decision itself. They also claimed that this practice was not unusual but had gone on for a number of years—even prior to Brock’s appointment as Chief Justice.

After a three-week trial, Brock was acquitted of all charges, seven senators voting to convict and 15 to acquit.

Questions:

1. Why is this case important?
2. What factors do you think influenced the situation and how do these relate to organizational culture?
3. If you were the new Chief Justice, what changes would you make, why, and how?

8.You invest in your savings account $2365 today, $2000 at the end of year one and $3900 at the end of year three. If the interest rate is 6.1% per annum, compounded annually, then the amount you will have in exactly three years is closest to:

Select one:

a. $8976.17

b. $8754.34

c. $9214.07

d. $8846.73

9.Jack deposits the following amounts in a savings plan which pays 9.6% per annum, compounded monthly:

• $2853 today,
• $1400 at the end of year two and
• $2000 at the end of year three.

The amount he will have in exactly 3 years is closest to:

Select one:

a. $7495.90

b. $7290.47

c. $7341.33

d. $6994.73

11.Jack sells his lawn-mowing business for $50,000 but the buyer wants to pay for it in two cash payments: $25,000 in two months from today and the balance in 1 year from today. How much will Jack need to receive as the final payment (in 12 months) if the interest rate he charges is 6% per annum compounding monthly?

Select one:

A. $25,584.91

B. $25,248.14

C. $27,446.42

D. $26,805.39

13.You owe your parents $40,000 (in present day dollars) and want to repay them in equal amounts the first to occur in 4 years from today and the other in 6 years from today. If the interest rate is 4.8% per annum compounding monthly, what will be the amount of each repayment?

Select one:

A. $25,383.68

B. $21,000.00

C. $25,255.69

D. $24,956.22

15. An advertised investment product promises to pay $597 per month for 51 months commencing in 1 month from today. If the investment earns 8.0% p.a compounding monthly, how much will the investment product cost today? (round to nearest cent; don’t use $ sign or commas)

Select one:

a. $2248.42

b. $25739.01

c. $2081.87

d. $25910.60

17. A bank offers personal loans at 12.7%p.a compounding monthly. The effective annual rate of interest (EAR) is ( to the nearest two decimal places):

Select one:

a. 1.06%

b. 13.32%

c. 13.10%

d. 13.47%

Sales and purchasing management /1000/2000 words

describe the impact of the purchasing situation on Integrated Marketing Communication (IMC)

understand the purchasing (procurement) decisions and organization of a company.

Case

Princess Yachtswas established in 1965. Today Princess’ shipyards cover an area of over 1.1 million square feet, an area rich in British maritime heritage.  In fact, South Yard, where M Class superyachts are constructed, is a former naval yard dating back to the 17th century. From the outset, their goal has been to meticulously sculpt yachts around owners’ enjoyment of them.  Such dedication and attention to detail resonates deeply with their Plymouth craftsmen. Over 3,000 people, each possessing a mastery of their skill, fastidiously realise this vision in their shipyards. Through a culture of innovation, our yachts are not only some of the most technically-advanced in the world but also the most beautifully realised.

Questions

1. Using the company above, explain why effective purchasing is important for their business?
2. What is the concept of “adding value” to a business in terms of purchasing for the above company?
3. What are “make-decisions” and “buy decisions” and how would decisions about these points be made for this company?
4. What are the major benefits of sustainable purchasing/sourcing for the company?
5. Explain how modern technologies are helping purchasing processes and purchasing decisions in the above example?

Task 6.2.1. For each publisher with more than $2000 in purchase orders, list the customer id, name, credit code, and total of the orders. Use a WHERE clause to perform the join across the five required tables.

DROP TABLE publishers;
DROP TABLE po_items;
DROP TABLE bookjobs;
DROP TABLE items;
DROP TABLE pos;

CREATE TABLE publishers (
cust_id CHAR(3) NOT NULL,
name CHAR(10),
city CHAR(10),
phone CHAR(8),
creditcode CHAR(1),
PRIMARY KEY (cust_id)
);

CREATE TABLE bookjobs (
job_id CHAR(3) NOT NULL,
cust_id CHAR(3),
job_date DATE,
descr CHAR(10),
jobtype CHAR(1),
PRIMARY KEY (job_id),
FOREIGN KEY (cust_id) REFERENCES publishers (cust_id)
);

CREATE TABLE pos (
job_id CHAR(3) NOT NULL,
po_id CHAR(3) NOT NULL,
po_date DATE,
vendor_id CHAR(3),
PRIMARY KEY (job_id, po_id),
FOREIGN KEY (job_id) REFERENCES bookjobs (job_id)
);

CREATE TABLE items (
item_id CHAR(3) NOT NULL,
descr CHAR(10),
on_hand SMALLINT,
price DECIMAL(5,2),
PRIMARY KEY (item_id)
);

CREATE TABLE po_items (
job_id       CHAR(3) NOT NULL,
po_id       CHAR(3) NOT NULL,
item_id       CHAR(3) NOT NULL,
quantity     SMALLINT,
FOREIGN KEY (job_id) REFERENCES bookjobs (job_id),
FOREIGN KEY (job_id, po_id) REFERENCES pos (job_id, po_id),
FOREIGN KEY (item_id) REFERENCES items (item_id)
);

Environmental Planning and Protection Organization, in year 2000, published a news, about defective device which was manufactured by one of the leading Auto Brand, Bugatti. The news exposed that many models of these cars, which were being sold in Europe, had a defective device installed. This device could change a car’s performance to improve its emissions results when being tested. After the investigation, the Bugatti officials have admitted for cheating in the test. Bugatti had to pay a hefty amount for damages as a result of the scandal, notably a $16 billion fine from the Environmental Planning and Protection Organization (EPPO). After being exposed globally, their share value dropped by 30 percent, wiping out over $33 billion in shareholder value. Bugatti’s management was faced with a series of criticism. The different publications expressed the view that Bugatti’s autocratic leadership style has long been out of date and that the organisation was missing effective corporate governance.

a. Bugatti is a high profile multinational auto industry. They have a rich legacy of top corporate leadership and highly skilled employees. They are equipped with modern technology, quality research, potential strategy, business development, and effective internal control system. What do you suggest, should be company’s vision and strategy to avoid huge fine, criticism, and defamation?

b. What do you think, if they would have followed conceptual framework, they would have not paid that much. Which conceptual framework was most related to this case study and why? (5 Mark

Chipper dog kennel's estimates an annual consumption of dog food at 2000 lbs. per year. The manager at Chipper dog kennel estimates a fixed cost of placing an order at $10 and holding costs estimates are based on a 15% annual interest rate. The supply company charges $50 per lb. for orders less than 500 lbs., $49 per lb. for orders of 500 or more but fewer than 1000 lbs.; and $48 per lb. for orders of 1000 lbs or more.

1. What is the largest realizable EOQ?

2. What is the optimal order size and the annual cost associated with placing that order?

3. Based on the optimal order size, how many orders are placed per year?

4. Based on the optimal order size, what is the time between orders?

The equilibrium constant (Kp) for the following reaction is 4.40 at 2000.K.

H_2(g) + CO_2(g) <=> H₂O_(g) + CO_(g)

a) Calculate Delta G^o for the reaction. ____________ KJ/mol

b) Calculate Delta G for the reaction when the partial pressures are P_H2 = 0.28 atm, P_CO2 = 0.81 atm, P_H2O = 0.63 atm, and P_CO = 1.17 atm. ______________ KJ/mol

The Criminalization of American Business

What do Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs have in common? All paid hefty fines for purportedly misleading investors about mortgage-backed securities. In fact, these companies paid the government a total of $50 billion in fines. The payments were made in lieu of criminal prosecutions.

Today, several hundred thousand federal rules that apply to businesses carry some form of criminal penalty. That is in addition to more than four thousand federal laws, many of which carry criminal sanctions for their violation. From 2000 to 2019, about 3,200 corporations either were convicted or pleaded guilty to violating federal statutes or rules.

Criminal Convictions

The first successful criminal conviction in a federal court against a company—the New York Central and Hudson River Railroad—was upheld by the Supreme Court in 1909 (the violation: cutting prices). Many other successful convictions followed.

One landmark case developed the aggregation test, now called the Doctrine of Collective Knowledge. This test aggregates the omissions and acts of two or more persons in a corporation, thereby constructing an actus reus and a men's rea out of the conduct and knowledge of several individuals.

Not all government attempts at applying criminal law to corporations survive. Courts have sometimes found insufficient evidence to show that a company acted with specific intent to commit a crime. Often, however, companies choose to reach settlement agreements with the government rather than fight criminal indictments.

Many Pay Substantial Fines in Lieu of Prosecution

More than four hundred corporations reached so-called non-prosecution agreements with the government from 2000 to the beginning of 2019. These agreements typically involve multimillion- or multibillion-dollar fines. This number does not include fines paid to the Environmental Protection Agency or to the Fish and Wildlife Service.

According to law professors Margaret Lemos and Max Minzner, “Public enforcers often seek large monetary awards for self-interested reasons divorced from the public interest and deterrents. The incentives are strongest when enforcement agencies are permitted to retain all or some of the proceeds of enforcement.”

Questions Presented

1 A. Why might a corporation’s managers agree to pay a large fine rather than to be indicted and proceed to trial?

B. How does a manager determine the optimal amount of legal research to undertake to prevent her or his company from violating the many thousands of federal regulations?

(At least 100 word response for each please)

At December 31, 2017, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Plant Asset Accumulated Depreciation and Amortization Land $ 168,000 $ — Buildings 1,150,000 321,900 Machinery and equipment 775,000 310,500 Automobiles and trucks 165,000 93,325 Leasehold improvements 202,000 101,000 Land improvements — — Depreciation methods and useful lives: Buildings—150% declining balance; 25 years. Machinery and equipment—Straight line; 10 years. Automobiles and trucks—150% declining balance; 5 years, all acquired after 2014. Leasehold improvements—Straight line. Land improvements—Straight line. Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2018 and other information: On January 6, 2018, a plant facility consisting of land and building was acquired from King Corp. in exchange for 18,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $40 a share. Current assessed values of land and building for property tax purposes are $136,000 and $544,000, respectively. On March 25, 2018, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $150,000. These expenditures had an estimated useful life of 12 years. The leasehold improvements were completed on December 31, 2014, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2020, was renewable for an additional four-year term. On April 30, 2018, Cord exercised the renewal option. On July 1, 2018, machinery and equipment were purchased at a total invoice cost of $318,000. Additional costs of $12,000 for delivery and $43,000 for installation were incurred. On August 30, 2018, Cord purchased a new automobile for $11,800. On September 30, 2018, a truck with a cost of $23,300 and a book value of $7,800 on date of sale was sold for $10,800. Depreciation for the nine months ended September 30, 2018, was $1,755. On December 20, 2018, a machine with a cost of $13,500 and a book value of $2,800 at date of disposition was scrapped without cash recovery. Required: 1. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2018. Do not analyze changes in accumulated depreciation and amortization. 2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2018.