Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Financial Management Expert

As the Assistant Controller, you have struggled to balance the books at the hospital where you work. Your employer is a tax-exempt, nonprofit hospital that has a superb emergency room and offers free preventative health care to the low-income community it serves. However, by caring for a large number of uninsured patients, the hospital finds it very difficult to generate sufficient fees to cover its costs. Nurses already work for 20% less pay than they could earn at nearby hospitals, and the hospital can barely afford a badly needed paint job for its hall- ways.

To help remedy this problem, you have pre- pared the following proposal for the upcoming Board of Directors’ meeting:

PLAN NUMBER 1: The hospital will hire a top kidney transplant surgeon and begin performing kidney transplants. To ensure that the hospital has an adequate supply of kidneys, the hospital will pay donors up to $8,000 for a kidney. According to your budget, the hospital will be able to charge wealthy patients over $100,000 per kidney, plus also bill at premium rates for its medical staff and facilities. Based on your research, your hospital will be the only one in the area that allocates kidneys based on a patient’s ability to pay rather than based on a waiting list or the severity of a patient’s medical needs.

PLAN NUMBER 2: The hospital will set up a website that will allow potential kidney donors to directly auction their kidney to the highest bidder. The hospital will simply charge a 10% service fee. An Internet company that resells tickets to sporting events online already has “auction software” that can be readily adapted to sales of human organs and is willing to provide technical advice for this endeavor at a nominal fee.

PLAN NUMBER 3: As a condition of providing free emergency room care, uninsured patients will be required to sign an organ donor card. According to the hospital’s outside lawyers, this card will create an enforceable promise that will result in uninsured patients donating their organs to the hospital when they one day die. In defense of this plan, you note that most patients are cremated, which results in their organs going unused by others who could have benefited from their trans- plantation.

PLAN NUMBER 4: Organs harvested from deceased patients will be offered at no charge to wealthy contributors to the hospital’s charitable foundation. Although the hospital will not directly charge for the organs, you forecast that many wealthy individuals in the community will be enticed to become charitable benefactors to gain priority access to this donor waiting list.

a. How would a utilitarian evaluate these proposals?

b. How would a deontologist evaluate these proposals?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92642094

Have any Question?


Related Questions in Financial Management

International business letterabout frac34 of a page to one

International business Letter About ¾ of a page to one full page business letter (formatting as researched culture may dictate) + several paragraphs of rationale One of the great things about entering a field under the s ...

Scenario your team has been hired to provide financial

Scenario: Your team has been hired to provide financial analysis for a start-up company, Bobble in Style, which produces customized bobble heads. The bobble heads are made out of less rigid materials and are more true to ...

Choose a publicly traded company to value in preparation

Choose a publicly traded company to value in preparation for a purchase by ABC Company (a fictitious company who has unlimited funds for this purchase). While ABC Company has the funds to purchase the selected company, A ...

In the link below you will explore how companies compute

In the link below, you will explore how companies compute their cost of capital by computing a weighted average of the three major components of capital: debt, preferred stock, and common equity. The firm's cost of capit ...

Question 1 discuss how your organizations overall business

Question : 1) Discuss how your organization's overall business strategy and human resources planning affect one another. 2) Discuss an example of a company engaging in poor ethics and/or social responsibility. What were ...

Nbspassignmentchapter 4 mini-case - samps air long term

Assignment Chapter 4 mini-case - S&S Air long term financial planning Note: data is based on the S&S Air financial statements S&S Air, INC. 2009 Income Statement Sales   $30,499,420 Cost of goods sold   $22,224,580 Other ...

This assignment investigates the financial needs of your

This assignment investigates the financial needs of your business venture from Assignment. Write a three to four (3-4) page paper in which you: Outline the financial start-up needs for this business. Consider such items ...

Answer each question in 75 words a piece use references if

Answer EACH question in 75 words A PIECE. Use references, if needed and cite. 1. Embark on a virtual field trip. Researching online, explore different career fields that interest you. Share with your classmates which car ...

Please use referencescase home healthbackgroundthe patient

Please use references, Case : Home HealthBACKGROUND The Patient Protection and Affordable Care Act (ACA) requires that physicians (or certain practitioners working with them) who certify beneficiaries as eligible for Med ...

Assessment - projectpart a- asset register1 develop a

ASSESSMENT - PROJECT Part A- Asset Register 1. Develop a physical asset register for the Acumen kitchen and restaurant which includes: buildings, computer system, equipment fixtures, fittings and furniture in the kitchen ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As