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Write a 700- to 1,050-word analysis of the audited financial

 
Muhammad Jawaad Ahmed's Avatar
  • Answered by:Muhammad Jawaad Ahmed
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Customer Question

Write a 700- to 1,050-word analysis of the audited financial statements of Patton-Fuller Hospital for 2008 and 2009.

Include in your analysis:

- Balance Sheet(Audited) in a Microsoft® Excel® document including columns for the following:

2008 financial data
2009 financial data
The amount of change in dollars
The percent change

Statement of Revenue and Expenses (Audited) in a Microsoft® Excel® document including columns for the following:

2008 financial data
2009 financial data
The amount of change in dollars
The percent change

Identify significant changes between the years.
Provide possible explanations for the change based on information in the Annual Report.


Format your assignment consistent with APA guidelines.

Need By 11/18/10

 

Optional Information:
Level/Year: Master
Subject: Finance

Already Tried:
Everything

Submitted: 874 days and 8 hours ago.
Category: Homework
Value: $30
Status: CLOSED
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Expert:  Muhammad Jawaad Ahmed replied 873 days and 21 hours ago.

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Expert:  Muhammad Jawaad Ahmed replied 873 days and 21 hours ago.

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Expert:  Muhammad Jawaad Ahmed replied 873 days and 20 hours ago.

What is your deadline?

Customer replied 873 days and 20 hours ago.

11/18/10 but I would llike to get a chance to revise and make sure the work is done properly. Thanks.

Customer replied 873 days and 20 hours ago.

You have the balance sheet data for 2008

I'll give you 2009. what do you need for the Statement of Revenue and Expense.

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Expert:  Muhammad Jawaad Ahmed replied 873 days and 20 hours ago.

I think that the data is enough, but I will not be able to give the answer before next 24 hours.

Customer replied 873 days and 20 hours ago.

tomorrow around what time. Please be specific. Thanks.

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Expert:  Muhammad Jawaad Ahmed replied 873 days and 20 hours ago.

add 24 hours what is your watch showing, I will try to give before 24 hours.

Customer replied 873 days and 20 hours ago.

it's 10:00 PM Est.

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Expert:  Muhammad Jawaad Ahmed replied 873 days and 8 hours ago.



Click here for solution

Customer replied 873 days and 7 hours ago.

Hi,

 

Thank you. I'm going to look over the statement and the balance the sheet and get back to you. However you only have 335 word. I need(NNN) NNN-NNNNexcluding the balance and the statement sheets. Can you ellobarate more on the abstract and the possible explanation for the change so I can satisfy the word counts. Thank you.

Accepted Answer

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Expert:  Muhammad Jawaad Ahmed replied 873 days and 6 hours ago.

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Expert TypeChartered Accountant
Category: Homework
Pos. Feedback: 98.6 %
Accepts: 1928
Answered: 11/18/2010

Experience: Doing Chartered Accountancy

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Customer replied 872 days and 18 hours ago.

Thank you very much. I really appreciated your help and patience.

 

Great Job!

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Expert:  Muhammad Jawaad Ahmed replied 872 days and 10 hours ago.


You are always welcome.

Customer replied 863 days and 16 hours ago.

Hi Muhammad,

 

I have another assignment for my finance class. I need to know if you can be of assistance. Please let know. Thanks

 

Here's the assignment.

 

Review the 2009 Operating Budget Projections and the assumptions following the projected numbers in the Budgets tab under Chief Financial Officers in the Patton-Fuller Community Hospital Virtual Organization on the student website.

 

Assume the 2009 projections were realized.

 

  • Use the University of Phoenix Material: 2010 Operating Budget Projections.

Develop a budget for Patton-Fuller Community Hospital based on the 2009 Operating Budget and the 2010 Operating Budget Assumptions.

Write a 700- to 1,050-word paper in which you do the following:

 

    • Discuss which financial management practices are most effective in creating and monitoring an operating budget.
    • Discuss which financial management practices are least effective in creating and monitoring an operating budget.

 

  • Format your assignment consistent with APA guidelines.

 

  • Submit your 2010 Operating Budget Projection with your paper.

 

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Expert:  Muhammad Jawaad Ahmed replied 863 days and 5 hours ago.

 

 

It is lengthy.

Customer replied 863 days ago.

I'm not sure: here's the info. let me know.

Patton - Fuller Community Hospital
Operating Budget
2009
(In Thousands)
(Projection)

2008 Budget %
Change
from
2008
2009
(Projection)1
Revenues
Net Patient Revenue$418,5097%$447,8052
Other Revenue2,80515%3,2253
Total Revenues$421,3147%$451,030
Expenses
Salaries and benefits$214,1293%$220,5534
Supplies71,3463%73,4875
Physician and professional fees107,0653%110,2776
Utilities1,1645%1,2227
Other1,7843%1,838
Depreciation & Amortization
(non-cash expenses)
24,95520%29,9468
Interest3,5973%3,7059
Provision for doubtful accounts13,38310%14,72110
Total Expenses$437,4244%$455,74911
Operating Income($16,110) ($4,719)12
Non-operating Income (Loss)
Investment Income26415%30413
Net Income($15,846) ($4,416)14

Assumptions

1 Based on these 2008 assumptions: a 3% overall "inflation rate" in 2009, with the cost of oil disproportionately affecting some expense items.

2 Patient revenue will increase with little or no increase in patient volume, due to new managed care contracts.

3 Marketing's plan to increase donations by 15%.

4 Salaries will hold to a 3% overall increase in cost, no increase in labor hours due to no increase in patient volume.

5 Supplies cost will increase more due to the rising cost of oil and its effect on the cost of plastics and transpiration.

6 Contracts for fees have a built-in 3% increase.

7 Utilities cost will increase more due to the rising cost of oil.

8 Some high-cost equipment (air conditioning, telephone system, all patient beds and headwalls) will have to be replaced this year, and "depreciation" will rise sharply.

9 The repayment plan for any monies borrowed in 2009 will not come due until 2010.

10 The renegotiation of Managed Care plans could make collections less certain.

11 Total expenses will rise 4%.

12 Operating Income will improve, with the hospital's loss reduced by 2/3.

13 The Market has been going up for years, the "bull market" should continue in 2009.

14 The hospital's loss will be further reduced by good returns on investment income.

`

 

Customer replied 862 days and 7 hours ago.

i don't understand

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Expert:  Muhammad Jawaad Ahmed replied 862 days and 7 hours ago.

Hi

 

What you do not understand, please clarify. Take care.

Customer replied 862 days and 7 hours ago.

This is a different question. Are you saying I can follow up from the fist quesition. I need to do a budjet based on 2009 and 2010 operating budget and assumptions

  • Use the University of Phoenix Material: 2010 Operating Budget Projections.

Develop a budget for Patton-Fuller Community Hospital based on the 2009 Operating Budget and the 2010 Operating Budget Assumptions.

Write a 700- to 1,050-word paper in which you do the following:

 

    • Discuss which financial management practices are most effective in creating and monitoring an operating budget.
    • Discuss which financial management practices are least effective in creating and monitoring an operating budget.

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Expert:  Muhammad Jawaad Ahmed replied 862 days and 6 hours ago.

 

 

Have you received any correspondence from JA management regarding pricing of the question You are asking now.

Customer replied 862 days and 6 hours ago.

No I have not. I ask you because I worked with you before I did not want another expert and I wanted to know if you can do it than put money into my account.

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Expert:  Muhammad Jawaad Ahmed replied 862 days and 5 hours ago.

You list the question as a separate question in a new post, so I and other experts may give the answer, whoever has the time to meet your assignment deadline.

Customer replied 862 days and 3 hours ago.

Ok Than I'll do that. Thanks

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Expert:  Muhammad Jawaad Ahmed replied 861 days and 13 hours ago.

okay

Customer replied 861 days and 3 hours ago.

I really need you to work on this since you did such a good job on the previous assignment and this is a contunuation.

 

Can I request you? Let me know. thanks

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Expert:  Muhammad Jawaad Ahmed replied 860 days and 16 hours ago.

Please post a new question with my name so the fair price can be given.

Customer replied 859 days and 22 hours ago.

Hi $95 is too expensive. Can you just do the budget?

 

Develop a budget for Patton-Fuller Community Hospital based on the 2009 Operating Budget and the 2010 Operating Budget Assumptions.

 

Please let me know ASAP if not so I can made other arrangement. Thanks

Customer replied 859 days and 2 hours ago.

are you going to do the budget. Please let know Asap.

 
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