According to the Centers for Medicare and Medicaid Services
(CMS) the cost of health care increases by approximately 4% each
year, exceeding $3 trillion in 2012. What societal changes have
affected the cost of health care? How has the government responded
to contain and reduce health care spending? What role should
government play in controlling the cost of care and ensuring health
coverage?
In: Nursing
A company has beginning inventory of 17 units at a cost of $17 each on February 1. On February 3, it purchases 27 units at $19 each. 21 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 21 units that are sold?
In: Accounting
“The reciprocal method is the most appropriate method of support department cost allocation as it takes into account all service flows between departments.” Do you agree? Explain your answer.
In: Accounting
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $124 Mar. 10 Purchase 50 units at $136 Aug. 30 Purchase 20 units at $142 Dec. 12 Purchase 90 units at $144 There are 60 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar. Cost of Ending Inventory and Cost of Goods Sold Inventory Method Ending Inventory Cost of Goods Sold First-in, first-out (FIFO) $ $ Last-in, first-out (LIFO) Weighted average cost PreviousNext
In: Accounting
the Weighted Average Cost of Capital (WACC) for a firm can be calculated or found through research. Select two firms in the same industry. The industry may be that in which you currently work or it may be an industry in which you are interested. Calculate or find the WACC for the two firms. How do the WACCs compare? Are the WACCs what you would expect? What causes the differences between the two firms' WACCs?
In: Finance
The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $18,147 Direct labor 26,753 Factory overhead 31,388 Work in process inventory, March 1 21,476 Work in process inventory, March 31 19,244 Finished goods inventory, March 1 23,257 Finished goods inventory, March 31 24,265 a. Determine the cost of goods manufactured. $ b. Determine the cost of goods sold..
In: Accounting
123 Inc. is considering purchasing a new machine. The machine will cost $3,250,000. The machine will be used for a project that lasts 3 years. The expected salvage of the machine at the end of the project is $800,000. The machine will be used to produce widgets. The marketing department has forecasted that the company will be able to sell 280,000 widgets per year. The marketing department believes that the company will be able to charge $22 per widget. The production department, has indicated that the variable cost per widget will be $9. The company has forecasted that the incremental fixed costs associated with the project are $120,000 per year. The company believes that the project will require an initial investment in operating net working capital of $160,000. Thereafter, the investment in operating net working capital will be 8% of sales. Assume the asset class remains open.
The CCA rate is 30%, the tax rate is 24%, and the required rate of return is 8%.
|
Pessimistic |
Optimistic |
|
|
Units sold |
180,000 |
400,000 |
|
Price per unit |
$16 |
$32 |
|
Variable cost per unit |
$12 |
$7 |
|
Fixed Cost |
$150,000 |
$80,000 |
In: Finance
Compare healthcare cost in US with any OTHER country and advantages and disadvantages of the healtchare systems.
In: Finance
The mean cost of domestic airfares in the United States rose to an all-time high of $400 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $120. Use Table 1 in Appendix B.
a. What is the probability that a domestic airfare is $560 or more (to 4 decimals)?
b. What is the probability that a domestic airfare is $250 or less (to 4 decimals)?
c. What if the probability that a domestic airfare is between $310 and $490 (to 4 decimals)?
d. What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar)
In: Economics
Initially a firm's wage is w = $42 and its rental cost of capital is r = $42. After its wage rate doubles, how do its isocost lines change?
Let L represent labor and K capital.
Graph an isocost line at the original wage, when the wage is w = $42. Label this line "I1"
Graph an isocost line at the new wage, when the wage doubles. Label this line "I2"
In: Economics