FINAL ASSESSMENT (SHOW ALL WORK) ORIGINAL ANSWER ALL QUESTIONS!

PLEASE READ BELOW!! I NEED GOOD QUALITY WORK

ANSWER ALL QUESTIONS AND SHOW THE WORK! 

SHOW ALL WORK

Determine the amount of net operating income that would result for a hospital whose payer mix and expected volume (100 cases) is as follows:

I should see the following:  ( show work)

A total for gross patient revenue

A total for deductions for gross patient revenue

     Net patient revenue

Total expenses

Excess of revenue over expenses       

Ms. J

1.  Calculate gross patient revenue, deductions from gross patient revenue, net patient revenue, total expenses, and excess of revenues over expenses.
2.  Define revenue
3.  Define fee for service, discounted fee for service, charity services, and payment before service is delivered.  ( all written assignments must be in APA format)

Time Value of Money  (TVM)

Calculate the Future Value of $1 in each of these 3 projects

TVM Exercise

Project                            Number of periods                            Interest rate

Pop                                              5                                                  11%

Whistle                                         4                                                    7%

Loop                                             3                                                    8%

Calculate the Present Value of each of the Projects below:

Project                            End of period                             Discount rate                          Single cash Flow

Pop                                              5                                                  11%                                     $10,000

Whistle                                        15                                                   7%                                         7,500

Loop                                            25                                                   8%                                         5,000

Future value and present value concepts are extremely important to the role of financial management and impact cash flow.  The response and discussion activities for this objective may require research on the topic of time value in finance.

Explain the role of time value in finance and evaluate the impact it has in financial management.

Define TVM

Income Statement Preparation:

Prepare an Income Statement, in proper format, for 2015 for Johnson Medical Supplies (JMS) from the following information:

• Salaries                          $70,000
• Insurance                            $700
• Utilities                           $3,500
• Gas/Auto                         $5,750
• Office Supplies               $7,250
• Revenue                      $175,000
• Rent                              $12,000
• Maintenance                  $50,000

Calculate, define, and discuss the operating expenses, operating profit, and profit percentage.

Discuss what an income statement is

Did JMS have a good year? Why/Why not? 

                 a.  Look at industry average