Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Local Hospital (LH) has decided that it would like to send nurses to a local supermarket to provide a free health screening for interested supermarket customers. The screening will consist of measuring the individual's blood pressure and taking a drop of blood, which will be immediately tested for several critical indicators. The director of public relations at the hospital believes that 100 people will take advantage of the screening each day. The plan is to provide the screening every day for one week; thus, a total of 700 screenings are expected. LH expects the supermarket to provide a $1,000 grant to help defray the costs of the program (since it will likely draw more customers to the store). LH anticipates the following expenses:

Test Equipment Rental $500 For 1 week

Nurses $50/hr Total of 10 hrs/day for 7 days

Blood tests $1 Per individual tested

Determine the special purpose budget for the program. Show revenues and expenses by line item, and show the expected profit or loss. If there is an expected loss, should LH necessarily abandon the project, or are there other factors that must be considered?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M939766

Have any Question? 


Related Questions in Basic Finance

Straight supply is a major supplier of medical components

Straight Supply is a major supplier of medical components to large pharmaceutical corporations. Bonnie Straight is a second generation CEO of the company founded by her father forty years ago. Originally established in M ...

Felix sani just received a gift from his grandfather he

Felix Sani just received a gift from his grandfather. He plans to invest in a 5-year bond issued by Nuforce Ltd that pays annual coupons of 5.5 per cent. If the current market rate is 7.25 per cent, what is the maximum a ...

Well-sprung corporation is considering offering a new 100

Well-Sprung Corporation is considering offering a new $100 million bond issue to replace an outstanding $100 million bond issue. The firm wishes to take advantage of the decline in interest rates that has occurred since ...

1 what advantage does drp have over a fair share method of

1. What advantage does DRP have over a fair share method of inventory deployment? 2. Discuss the importance of collaboration in the developing of supply chain inventory strategies. Provide an example. 3. Customer-based i ...

What is an efficient market why do efficient markets

What is an efficient market? Why do efficient markets benefit society? Define arbitrage and the law of one price. What role do they play in our market system? What do we call the "one price" of an asset? Suppose you are ...

Writing assignmentthe capital budgeting decision techniques

Writing Assignment: The capital budgeting decision techniques discussed so far all have strengths and weaknesses; however, they do comprise the most popular rules for valuing projects. On the other hand, valuing an entir ...

Consider a borrowing arrangement in which the annual

Consider a borrowing arrangement in which the annual percentage rate (APR) is 8%. a. Under what conditions does the effective annual rate of interest (EAR) differ from the APR of 8%? b. As the frequency of compounding in ...

1 when an author submits a manuscript to a journal what is

1. When an author submits a manuscript to a journal, what is the general process by which the decision whether or not to publish the paper is made? 2. Distinguish between a paper session and a poster session.

1 generate three examples of nominal variables and three

1. Generate three examples of nominal variables and three examples of quantitative variables that were not mentioned in the chapter. 2. On a piece of paper make two columns. In one column list all of the advantages of fr ...

The risk free return is 01 expected return on the market

The risk free return is .01, expected return on the market portfolio is .08 and standard deviation of the return on the market portfolio is .02. What is the expected return on an efficient portfolio with a standard devia ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen