1- Incremental Analysis:
Explain two (2) examples of unavoidable costs for a sample business decision for a company.
2- Master Budget Terms:
List and explain three (3) benefits of budgeting for a company.
3- Additional Budget Terms:
Explain how to compute a flexible budget performance report.
In: Accounting
A large psychiatric specialty group practice in a metropolitan area provides a range of psychiatric services. Since its formation in the 1980s, the practice has grown rapidly and has thrived as a result of the development of managed care plans, including the state Medicaid program that follows a carve-out model for behavioral health services. The psychiatric group is made up of highly respected psychiatrists, who carry out extensive translational research and develop evidence-based protocols that are highly respected. They are also skilled at applying clinical guidelines to inform and transform their clinical practice.
Several psychiatrists are concerned about the long-term effect of federally mandated accountable care organizations (ACOs). The mandate identifies 65 performance measures that the standard ACO must meet under the Medicare Shared Savings Program. These measures span five quality domains: patient experience of care, care coordination, patient safety, preventive health, and at-risk population/frail elderly health. The only behavioral health measure mandated is in the preventive health domain—a measure for depression screening.
Some leaders of the group believe that mental and behavioral health is a highly specialized area and that the practice's clinical volume will not change significantly. They do not support developing an ACO strategy and have resolved to take a wait-and-see approach. They point out that managed care was promoted in the 1970s by the federal government and then went away as a general policy. Other leaders, including the practice CEO, believe that ACOs do present a long-term threat but also provide an opportunity for the group to transform itself into one that is information driven.
Evidence-Based Strategy
The practice organized a multidisciplinary team to explore an ACO strategy. The team comprises two psychiatrists, one psychiatric nurse, the CEO, and a healthcare management intern. The team agrees that it will entertain all ideas and proposals, as well as research the literature to bring the best explicit information and experiential knowledge to the deliberation. Relevant literature topics include ACO basics, knowledge management, disruptive innovation, and managed care organizations’ limited acceptance and success since the 1980s.
The management intern, Marjorie, is interested in the medical-offset effect and its potential as a strategic asset. She presents to the team 30 years of critically reviewed research on the concept, including closed clinical trials. Studies on medical-offset measure the impact of providing effective behavioral health services on the utilization of medical care, including physician consults and visits to the emergency department. Marjorie is impressed by the extensive studies that include a wide range of populations and conditions, including Medicaid patients and chronic care diagnoses. The findings consistently demonstrate a savings of 10 to 20 percent through reductions in medical care utilization, particularly specialized services.
The psychiatrists meet these studies with skepticism. Although they think the science behind the research is valid, they reason that the practice's specialty is mental health and not prevention or behavioral health; thus, the studies are not relevant to what they do.
In a brainstorming session, the team explores alternative strategies for how the practice might add value to the ACOs that are developing in the area. The first strategy is to embed specialty psychiatric knowledge into the ACO's decision support system. The second strategy is to develop formal affiliations with as many ACOs as possible to capture their referrals for specialty care. The third strategy is to extend the practice's decision support protocols to address prevention, early detection, and aggressive management of behavioral health issues. This last idea is suggested by the psychiatric nurse, who points out that the nursing staff and social workers have considerable, but underused, expertise in behavioral health. The psychiatrists on the team worry that developing behavioral health decision support protocols would result in a loss of status for the psychiatrists and thus would be strongly opposed. They note that the specialty practice of psychiatry is the core competency of the group and that the proposed strategy would result in a loss of prestige and reputation for the practice.
After considerable discussion and debate, the team agrees to respect and maintain the existing culture and practice of the psychiatrists but to pursue a broader strategy to better position the group for the future. They begin to develop a full proposal for the third strategy.
In: Operations Management
In: Computer Science
In: Computer Science
... Reconciliations required to yield government-wide
financial statements from fund financial statements and preparation
of financial
statements
The City of Jackson Hole is preparing its government-wide financial
statements for the year. Its accountant must prepare a number of
journal entries to recognize assets and liabilities previously
omitted from the fund financial statements and to recognize
revenues and expenses for the year under accrual accounting that
were not recognized under the current financial resources
measurement focus and the modified accrual basis of accounting used
to prepare the Statement of Revenues, Expenditures, and Changes in
Fund Balances for its funds.
a. Prepare the journal entries for the required reconciliations to recognize the following in the government-wide financial statements (all amounts in $1,000s):
1. Recognize Capital Assets of $968,320 as of the beginning of
the year.
2. Record Depreciation Expense of $48,416 for the year and reverse
Expenditures of $58,099 for Capital Outlays during the year.
3. Recognize $7,000 of Bonds Payable as of the beginning of the
year.
4. Reverse Other Financing Sources of $2,000 and Expenditures—Debt
Payments of $700 relating to increases and decreases in the bond
liability during the year.
5. Reverse Deferred Revenue of $132,600 as of the beginning of the
year.
6. Reverse $6,630 of Deferred Revenue recognized during the
year.
7. Recognize Compensated Absences of $19,366 as of the beginning of
the year and an increase in that liability of $968 during the
year.
8. Recognize $20 of Accrued Interest Payable as of the beginning of
the year and an increase in that liability of $33 during the
year.
9. Recognize a liability of $26,629 relating to the City’s landfill
as of the beginning of the year. The estimate for this liability
did not change during the year.
In: Accounting
In: Accounting
Reading a contract and knowing what the contents reveal is very important. In this case, was there unclarity or ambiguity by the unit owners in describing their duties to the other parties as third-parties? It is feasible to think that Koraev simply did not pay attention to the document when reading? Explain your answer. Critically thinking cases ALLAN v. Nersesova. Need a goos long answers
In: Operations Management
PLEASE DO THIS IN JAVA!Design and implement a programming (name it NextMeeting) to determine the day of your next meeting from today. The program reads from the user an integer value representing today’s day (assume 0 for Sunday, 1 for Monday, 2 for Tuesday, 3 for Wednesday, etc…) and another integer value representing the number of days to the meeting day. The program determines and prints out the meeting day. Format the outputs following the sample runs below.
Sample run 1:
Today is Monday
Days to the meeting is 10 days
Meeting day is Thursday
Sample run 2:
Today is Wednesday
Days to the meeting is 7 days
Meeting day is Wednesday
Sample run 3:
Today is Friday
Days to the meeting is 20 days
Meeting day is Thursday
In: Computer Science
For each exercise, find the equation of the regression line and find the y’ value for the specified x value. Remember that no regression should be done when r is not significant.
27.Class Size and Grades School administrators wondered whether class size and grade achievement (in percent) were related. A random sample of classes revealed the following data.
|
No. of students |
15 |
10 |
8 |
20 |
18 |
6 |
|
Avg. grade (%) |
85 |
90 |
82 |
80 |
84 |
92 |
Find y′ when x = 12.
Answer: R is not significant no regression should be done. Please show work this is a review for an exam coming up. Please do this by hand. Also, specifically show how you find R. Thank you
In: Math
7. As a mass tied to the end of a string swings from its highest point down to its lowest point, it is acted on by three forces: gravity, tension, and air resistance. Which force does (a) positive work? (b) negative work? (c) zero work?
In: Physics
Walton Electronics is considering investing in manufacturing equipment expected to cost $380,000. The equipment has an estimated useful life of four years and a salvage value of $ 22,000. It is expected to produce incremental cash revenues of $190,000 per year. Walton has an effective income tax rate of 30 percent and a desired rate of return of 14 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Required
Determine the net present value and the present value index of the investment, assuming that Walton uses straight-line depreciation for financial and income tax reporting.
Determine the net present value and the present value index of the investment, assuming that Walton uses double-declining-balance depreciation for financial and income tax reporting.
Determine the payback period and unadjusted rate of return (use average investment), assuming that Walton uses straight-line depreciation.
Determine the payback period and unadjusted rate of return (use average investment), assuming that Walton uses double-declining-balance depreciation. (Note: Use average annual cash flow when computing the payback period and average annual income when determining the unadjusted rate of return.)
Req A and B
Determine the net present value and the present value index of the investment, assuming that Harper uses straight-line depreciation and double-declining-balance for financial and income tax reporting. (Round your answers for "Net present value" to the nearest whole dollar amount and your answers for "Present value index" to 2 decimal places.)
|
Determine the payback period and unadjusted rate of return (use average investment), assuming that Harper uses straight-line depreciation and double-declining-balance depreciation. (Note: Use average annual cash flow when computing the payback period and average annual income when determining the unadjusted rate of return.) (Round your answers to 2 decimal places.)
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In: Finance
On 31 December 2018, the accounting records in Ahmed’s Company showed the following information:
(in Dirhams)
|
Cash |
49,500 |
|
Accounts Receivable |
125,000 |
|
Supplies |
1,500 |
|
Prepaid Insurance |
12,000 |
|
Equipment |
70,000 |
|
Building |
420,000 |
|
Land |
111,500 |
|
Accounts Payable |
80,000 |
|
Notes Payable |
170,000 |
|
Common Stock |
410,000 |
|
Retained Earnings |
65,000 |
|
Dividends |
20,000 |
|
Service Revenue |
174,000 |
|
Interest Revenue |
1,000 |
|
Salaries Expense |
52,000 |
|
Advertising Expense |
17,000 |
|
Insurance Expense |
5,000 |
|
Utilities Expense |
13,750 |
|
Interest Expense |
2,750 |
Prepare the Income Statement AND Balance Sheet for year ended December 31, 2018
|
Ahmed’s Company |
|
|
Income Statement For Year Ended 31 December 2018 |
|
|
Revenues: |
. |
|
Total Revenues |
|
|
Expenses: |
|
|
Total Expenses |
|
|
Net Income/Profit |
|
In: Accounting
PART 2- Short Essays- Answer 3 of the following questions. Each answer should be about 1 page (250- 400 words) in length. Use specific historical examples to support your answers. (8 points each)
1. Discuss the impact of the Columbian Exchange on Europe, Africa, and the Americas.
2. What were the political aspects of the Reformation?
3. What were “trading post empires”, and why were they significant for transforming European society?
4. In what ways did the development of the Atlantic economy spur the growth of the African slave trade?
5. In what ways did European exploration and colonization impact established Native American societies in the 16th to 18th centuries?
In: Psychology
Problem 3
Ms. Lisa has recently joined PT KFC as staff in the finance team. Although still relatively young, she is already very mature in managing her own financial matters. She has already developed a solid plan to cover for her long term financial needs. She is confident that by following her plan she will not be worried of her future financial condition during her old age.
Ms. Lisa borrowed $90,000 for her own business loan from her colleague and she must repay him at 4% annual rate of interest. She should repay her loan for the next 5 years. The loan is amortized into five equal, end-of-year payments.
In: Accounting
Implement an iterator that produces the moves for the Towers of Hanoi puzzle described in Worked Example 11.2. Provide functions has_more_moves and next_move. The next_move function should yield a string describing the next move. For example, the following code prints all moves needed to move five disks from peg 1 to peg 3:
DiskMover mover(5, 1, 3);
while (mover.has_more_moves())
{
cout << mover.next_move() << endl;
}
Hint: A disk mover that moves a single disk from one peg to another simply has a next_move function that returns a string
Move disk from peg source to target
A disk mover with more than one disk to move must work harder. It needs another DiskMover to help it move the first d – 1 disks. Then next_move asks that disk mover for its next move until it is done. Then the next_move function issues a command to move the dth disk. Finally, it constructs another disk mover that generates the remaining moves.
It helps to keep track of the state of the disk mover:
•BEFORE_LARGEST: A helper mover moves the smaller pile to the other peg.
•LARGEST: Move the largest disk from the source to the destination.
•AFTER_LARGEST: The helper mover moves the smaller pile from the other peg to the target.
•DONE: All moves are done.
In: Computer Science