Business and Finance Homework

Need finance homework help? Ask an Expert

Ask an Expert,
Get an Answer ASAP!

This is the one i need by tomorrow, i have been trying to get…

Customer Question
This is the one i...
This is the one i need by tomorrow, i have been trying to get it to you, I really hope you can do this for me. I am offering $90 for it.
Create a 15- to 17-slide Microsoft® PowerPoint® presentation detailing the hospital’s current status and comparing this year’s statements with the previous year’s statements. • Include the following: o Ratio analysis from the 2005 and 2006 financial statements • Current ratio • Inventory turnover • Total asset o A comparison of the 2005 and 2006 ratios o Valuation of the hospital’s worth for 2005 and 2006 • Rules of thumb • Adjusted book value • Discounted cash flow o A comparison of the 2005 and 2006 valuations o The revenue variances from the 2005 and 2006 budgets o A comparison of the variances from 2005 and 2006 o A summary of your findings regarding the overall health and current status of the hospital, with recommendations for next year’s budget • Provide detailed speaker notes. • Cite three outside sources and list them on a separate slide.


Arcadia Hospital
Income Statement
YTD Dec 31, 2005
(Dollars in Millions)
Operating Revenues 2005 % of rev Budget Over/(Under)
Patient revenues 500 550
less: Allowance for doubtful accounts 13 14
equals Net patient revenues 488 536
Other Income:
Investments 75 60
Misc 5 0
Total Operating Revenue 568 100.00% 596

Operating expenses:
Wages 200 35.24% 180
Taxes & Benefits 75 13.22% 70
Temporary/Contract Labor 5 0.88% 0
Medical/surgical supplies 25 4.41% 30
Other misc supplies 5 0.88% 5
Dues/subscriptions 3 0.53% 3
Transcription expense 10 1.76% 15
Leases & rentals 50 8.81% 45
Malpractice Insurance 75 13.22% 70
Other Insurance 30 5.29% 32
Professional Fees 20 3.52% 20
Utilities 15 2.64% 10
Maintenance & Repairs 15 2.64% 10
Depreciation/Amortization 7 1.23% 7
Interest Expense 1 0.18% 1
Total Operating Expenses 536 94.45% 498

Net Income 32 5.55% 98

Arcadia Hospital
Income Statement
YTD Dec 31, 2006
(Dollars in Millions)
Operating Revenues 2006 % of rev Budget Over/(Under)
Patient revenues 600 650
less: Allowance for doubtful accounts 10 20
equals Net patient revenues 590 630
Other Income:
Investments 80 70
Misc 2 0
Total Operating Revenue 672 100.00% 700

Operating expenses:
Wages 250 37.20% 240
Taxes & Benefits 100 14.88% 80
Temporary/Contract Labor 8 1.19% 5
Medical/surgical supplies 30 4.46% 35
Other misc supplies 4 0.60% 5
Dues/subscriptions 3 0.45% 3
Transcription expense 15 2.23% 20
Leases & rentals 40 5.95% 50
Malpractice Insurance 75 11.16% 70
Other Insurance 40 5.95% 40
Professional Fees 10 1.49% 20
Utilities 20 2.98% 15
Maintenance & Repairs 10 1.49% 12
Depreciation/Amortization 10 1.49% 10
Interest Expense 2 0.30% 2
Total Operating Expenses 617 91.82% 607

Net Income 55 8.18% 93

Balance Sheet
as of 12/31/2006
(Dollars in Millions)

ASSETS 2005 % of total 2006 % of total
Current Assets
Cash & Cash equivalents 100 0.56% (345) -1.91%
ST Investments 200 1.12% 200 1.11%
Patient accounts receivable 3800 21.23% 3500 19.39%
Other misc receivables 350 1.96% 350 1.94%
Inventory 800 4.47% 800 4.43%
Prepaids 1650 9.22% 1650 9.14%
subtotal Current Assets 6900 38.55% 6155 34.09%
Property, Plant, & Equipment (PPE)
Property Plant & Equipment 13000 72.63% 14000 77.54%
less: Accumulated depreciation/amortization 2000 11.17% 2100 11.63%
Net PPE 11000 61.45% 11900 65.91%

TOTAL ASSETS 17900 100.00% 18055 100.00%


LIABILITIES & EQUITY

Current Liabilities
Accounts Payable 1100 6.15% 1200 6.65%
Accrued payroll taxes & wages 600 3.35% 600 3.32%
Other misc accrued liabilities 1500 8.38% 1600 8.86%
Total current liabilities 3200 17.88% 3400 18.83%

LT Liabilities
Note payable - mortgage 6000 33.52% 6000 33.23%
Bonds payable 800 4.47% 700 3.88%
TOTAL LIABILITIES 10000 55.87% 10100 55.94%

EQUITY
Retained Earnings 7900 44.13% 7955 44.06%
Total equity 7900 44.13% 7955 44.06%

TOTAL LIABILITIES & EQUITY 17900 100.00% 18055 100.00%

Arcadia Hospital
Statement of Cash Flows-Indirect Method
YE December 31, 2006
(Dollars in Millions)
$ %
Net Income from Operations 55 -12.36%
Add: Deprec / Amort 100 -22.47%
Equals Adjusted Net Income 155 -34.83%

Plus Other Operating Sources/(Uses) of Cash:
Short Term Investments 0 0.00%
Accounts Receivable 300 -67.42%
Inventory 0 0.00%
Prepaids 0 0.00%
Accounts Payable 100 -22.47%
Other Current Liabilities 100 -22.47%
Subtotal Sources/(Uses) of Cash 500 -112.36%

Net Cash Flow from Operations 655 -147.19%

Purchase of Equipment (1,000) 224.72%

Payments on Bonds payable (100) 22.47%

Net Increase/(Decrease) in Cash (445) 100.00%


Cash Account Beginning Balance 100

Cash Account Ending Balance (345)

Net Increase/(Decrease) in Cash (445)

Is there any other information you need?
Submitted: 8 years ago.Category: Business and Finance Homework
Show More
Show Less
Ask Your Own Business and Finance Homework Question
Answered in 1 day by:
6/14/2010
Business Tutor: getsetgo, Master's Degree replied 8 years ago
getsetgo
getsetgo, Master's Degree
Category: Business and Finance Homework
Satisfied Customers: 3,491
Experience: MBA from premium institute. 9+ years experience at executive level in Fortune-200 company.
Verified
I would like to do this presentation. I see due date has passed. Do ylou still need it? I need 5-6 hours.

Edited by getsetgo on 6/14/2010 at 6:49 AM EST
Ask Your Own Business and Finance Homework Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a business tutorLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask linda_us Your Own Question
linda_us
linda_us
linda_us, Master's Degree
Category: Business and Finance Homework
Satisfied Customers: 852
852 Satisfied Customers
Experience: A tutor for Business, Finance, Accounts and other related topics.

linda_us is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

linda_us

linda_us

Master's Degree

852 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

F. Naz

Bachelor's Degree

565 satisfied customers

Have completed B.COM and CA Finalist

Bizhelp

Bizhelp

Accountant

260 satisfied customers

BA degree and Certified Public Accountant

224 satisfied customers

dasdasd

Mr. Gregory White

Mr. Gregory White

Master's Degree

211 satisfied customers

M.A., M.S. Education / Educational Administration

Brittany

Brittany

Professional

30 satisfied customers

AA/Accounting BS/Business

Dimitry K., Esq.

Dimitry K., Esq.

Doctoral Degree

19 satisfied customers

JD/MBA, Business Attorney

< Previous | Next >

Related Business and Finance Homework Questions
Hi, can someone please help me with these questions? I only
Hi, can someone please help me with these questions? I only have an hour to answer them. 1. (TCO A) Below you will find selected information (in millions) from Coca-Cola Co.'s 2012 Annual Report: Inco… read more
Johnmark1900
Johnmark1900
Finance Manager
Chartered Accountant
24 satisfied customers
Based on the information and financial statements below, calculate
Based on the information and financial statements below, calculate the following financial ratios in an Excel spreadsheet: • Current Ratio = Current Assets / Current Liabilities • Days of Cash on Hand… read more
Bizhelp
Bizhelp
Accountant
Bachelor's Degree
260 satisfied customers
The condensed financial statements of Westward Corporation
The condensed financial statements of Westward Corporation for 2006 are presented below. Westward Corporation Westward Corporation Balance Sheet Income Statement December 31, 2006 For the Year Ended D… read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
Please answer the following questions FINAL EXAM: ACC/400 The
Please answer the following questions FINAL EXAM: ACC/400 The condensed financial statements of Leeward Corporation for 2006 and 2005 are presented below. Leeward Corporation Leeward Corporation Balan… read more
F. Naz
F. Naz
Bachelor's Degree
CA Finalist & Completed B.com
565 satisfied customers
Need help with an assignment finding break even point, long-term
Need help with an assignment finding break even point, long-term solvency, revenue & expense ratio… read more
F. Naz
F. Naz
Bachelor's Degree
CA Finalist & Completed B.com
565 satisfied customers
1. (TCO A) Below you will find selected information (in millions)
1. (TCO A) Below you will find selected information (in millions) Customer Question 1. (TCO A) Below you will find selected information (in millions) from Coca-Cola Co.'s 2012 Annual Report: Income Ta… read more
Mr. Gregory White
Mr. Gregory White
Master's Degree
Master's Degree
211 satisfied customers
1. (TCO A) Below you will find selected information (in millions)
1. (TCO A) Below you will find selected information (in millions) from Coca-Cola Co.'s 2012 Annual Report: Income Taxes Payable $471 Short-term Investments and Marketable Securities 8,109 Cash 8,442 O… read more
Mr. Gregory White
Mr. Gregory White
Master's Degree
Master's Degree
211 satisfied customers
Question T.40 Michael Bush Co. issued $46 million face amount
Question T.40 Michael Bush Co. issued $46 million face amount of 12.6% bonds when market interest rates were 12.49% for bonds of similar risk and other characteristics. a. How much interest will be pa… read more
linda_us
linda_us
Master's Degree
Master's Degree
852 satisfied customers
Rainbow Paint Co.s comparative financial statements for the
Rainbow Paint Co.'s comparative financial statements for the years ending December 31, 2006 and 2005 are as follows. The market price of Rainbow Paint Co.'s common stock was $30 on December 31, 1999 a… read more
KellyV2012
KellyV2012
Bachelor\u0027s Degree
305 satisfied customers
Associate Level MaterialRatio Analysis FormUse the
Associate Level Material Ratio Analysis Form Use the table on the next page to complete the Week Eight assignment. In this assignment, you will review the textbook to find the definitions for each rat… read more
F. Naz
F. Naz
Bachelor's Degree
CA Finalist & Completed B.com
565 satisfied customers
The comparative balance sheets for 2006 and 2005 are given
The comparative balance sheets for 2006 and 2005 are given below for Surmise Company. Net Income for 2006 was $50 million. Surmise Company Comparative Balance Sheets Dec. 31, 2006 and 2005 ($ in milli… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Lee Corporation Equity Scenario Lee Corporation, a U.S.
Lee Corporation Equity Scenario Lee Corporation, a U.S. company, began operations on January 1, 2004 During its first 3 years of operation, Lee reported net income and declared dividends as follows: N… read more
Bizhelp
Bizhelp
Accountant
Bachelor's Degree
260 satisfied customers
From this information prepare a statement of cash flows for
From this information prepare a statement of cash flows for the year ended September 30, 2005. Income Statement for year ended September 30, (in thousands) 2004 2005 Revenues $500,000 $512,000 Cost of… read more
cpaexpert
cpaexpert
Bachelor's Degree
7 satisfied customers
2. Final Project Financial Presentation Resource Appendix
2. Final Project: Financial Presentation • Resource: Appendix A • Due Date: Day 7 [Individual] forum • Create a 15- to 17-slide Microsoft® PowerPoint® presentation detailing the hospital's current sta… read more
Brittany
Brittany
Professional
Bachelor's Degree
30 satisfied customers
Appendix C Approaches to Valuation Part I Compute the
Appendix C Approaches to Valuation Part I: Compute the worth of Arcadia Hospital in 2005 using rules of thumb, adjusted book value, and discounted cash flow valuation (for this final method, use the t… read more
Brittany
Brittany
Professional
Bachelor's Degree
30 satisfied customers
2. CheckPoint Revenue Variance Analysis Resource Ch.
2. CheckPoint: Revenue Variance Analysis • Resource: Ch. 8 of Financial Management in Health Care Organizations. • Due Date: Day 5 • Review variance analysis in Ch. 8 of the text. • Determine the reve… read more
Stephen, MBA
Stephen, MBA
Master's Degree
166 satisfied customers
Charles S. Lewis has just been named the CEO of Community Hospital,
Charles S. Lewis has just been named the CEO of Community Hospital, a 230-bed hospital located in an agricultural community of approximately 150,000 people. There is one other similar-sized hospital i… read more
getsetgo
getsetgo
Master's Degree
3,491 satisfied customers
There is a total of 28 questions this will only allow so many
There is a total of 28 questions this will only allow so many characters I will go in and edit the question after it posts. Trade accounts receivable are valued and reported on the balance sheet a.in … read more
F. Naz
F. Naz
Bachelor's Degree
CA Finalist & Completed B.com
565 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x