Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: The hospital expects to employ workers in the following departments:

 

Radiology

Nursing

Administration

Total

Managers

$100,000

$200,000

$200,000

$500,000

Staff

1,900,000

4,200,000

300,000

6,400,000

Total

$2,000,000

$4,400,000

$500,000

$6,900,000

Supplies are expected to be purchased through-out the year for the departments, as follows:

 

Total

Radiology

$360,000

Nursing

160,000

Administration

160,000

Total

$540,000

Suppose that all supply use varies with the number of patients.

Denison Hospital currently pays charge on its buildings & machine of $300,000 per year. Rent is expected to be unchanged for next year. The rent is paid dollar 75,000 each quarter.

To better serve its patients, Denison would like to buy $500,000 of new oncology machine at the start of next year. It would be paid for immediately upon buy. The machine has a five-year life and would be expected to be used up evenly over that lifetime. Although the capital budget would normally include justification for why the machine is needed, it is sufficient for our purposes to know that the capital budget for Denison is dollar 500,000 & the machine to be purchased has a five (5) year useful life. It will have no price left at the end of the five (5) years. Denison charges the cost of its capital gaining on straight line depreciation basis. That means that the cost is spread out over the useful life, with an equal share being charged as a cost, called depreciation expense, every year.

Compute an expense budget on an accrual basis for the coming year. The expense budget does not need detailed information by program, but should show each type of expense such as salaries & supplies. Be sure to consider the impact of capital gaining on the expense budget.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M920480

Have any Question? 


Related Questions in Basic Finance

1 give an example of why a review of bank assets may

1. Give an example of why a review of bank assets may indicate risk or opportunity of which you were not aware 2. Why review the disclosure of the market value of investments versus the book amount of investments for ban ...

1 what is multiple regression and how is it used in

1. What is multiple regression, and how is it used in behavioral science research? 2. What is a spurious relationship? 3. What is the difference between a common-causal variable, an extraneous variable, and a mediating v ...

Explain the analogy relating irrigation flows to flows of

Explain the analogy relating irrigation flows to flows of funds in the financial system. What happens to a farmer when irrigation water dries up? What happened to businesses in the United States when the flow of funds dr ...

Duff beer is considering loosening its credit standards and

Duff Beer is considering loosening its credit standards and lengthening the terms from net 30 days to net 45. Doing so will result in higher sales but also more defaults and extra administrative costs. Assuming variable ...

The concepts discussed in this section can also be applied

The concepts discussed in this section can also be applied to eliminate partially dead code. A definition of a variable is partial ly dead if the variable is live on some paths and not others. We can optimize the program ...

Go to financeyahoocom and enter the name of your favorite

Go to finance.yahoo.com and enter the name of your favorite stock (Apple, Microsoft, Google, or whatever) in the Get Quotes box at the top left of the screen. As you enter the stock name, notice the stock ticker symbols ...

Activity-based costing caterpillar comparison essay

Activity-Based Costing / Caterpillar comparison essay assignment After reading thoroughly the article entitled ‘Product Costing at Caterpillar' by Lou F. Jones from Management Accounting, February 1991, your assignment i ...

An investor can make an investment in a real estate

An investor can make an investment in a real estate development and receive an expected cash return of $45,000 at the end of six years. Based on a careful study of other investment alternatives, she believes that a 9 per ...

1 contact your state national guard office find out what

1. Contact your state National Guard office. Find out what kinds of resources they can offer to assist local communities in the event of a disaster and what kind of training and exercises they conduct to prepare their me ...

Create a customized slide templateyou are the owner of a

Create a customized slide template. You are the owner of a mid-sized insurance company. You have 25 agents who travel throughout the country, making presentations to small groups of people (10 to 20) regarding retirement ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro