26. Which inventory cost flow assumption is allowed under U.S. GAAP but not under IFRS? a. Specific identification. b. FIFO. c. LIFO. d. Average cost. 27. Which of the following statements is true regarding revaluation of property, plant, and equipment to fair value? a. Only IFRS allows revaluation of property, plant, and equipment to fair value. b. Only U.S. GAAP allows […]
111. U.S. GAAP and IFRS require firms to account for debt securities designated as held to maturity at _____ except that they are also subject to _____. That is, firms do not recognize increases in fair value (unrealized gains) but might recognize decreases in fair value(unrealized losses). A. amortized cost; impairment B. present value; depreciation C. net realizable value; impairment D. amortized cost; destruction E. net realizable value; […]
81. The background on a company, its industry, and its economic setting is usually included in which of the following sections of a financial statement analysis report? A. Executive summary. B. Analysis overview. C. Evidential conclusions. D. Factor analysis. E. Inferences. 82. A financial statement analysis report: A. Enables readers to see the process and rationale of analysis. B. Forces preparers to organize their reasoning and to verify the logic of analysis. C. Serves […]
4.3 Apply the decision framework in a seven-step method to assign total actual costs to a distinct product. 1) The following data were taken from the records of a manufacturing company. The company has been calculating the actual indirect cost allocation rate using direct labour hours as the allocation base. Calculate the rate using machine hours as the allocation base. Actual total […]
23.2 Learning Objective 23-2 1) If it is later decided to pay an approved voucher in two payments: A) a memo in the check register must show the unpaid balance. B) an entry in the Paid column of the voucher register must show the unpaid balance. C) the original voucher must be canceled and two new vouchers must be issued. D) a memo […]
61. A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how many units must be sold? A. 6,500. B. 6,000. C. 500. D. 5,000. E. 5,500. 62. Management anticipates fixed costs of $72,500 and variable costs equal to 40% of sales. What will pretax income equal if sales are $325,000? A. $57,500. […]
51. Two methods of accounting for uncollectible accounts are the A. direct write-off method and the allowance method. B. allowance method and the accrual method. C. allowance method and the net realizable method. D. direct write-off method and the accrual method. 52. If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer’s account as uncollectible? A. Uncollectible Accounts […]
71. The following company information is available: Direct materials used for production 712 pounds Standard quantity for units produced 750 pounds Standard cost per pound of direct material $48 Actual cost per pound of direct material $50 The direct materials quantity variance is:A. $1,824 favorableB. $1,424 favorableC. $400 favorableD. $1,824 unfavorableE. $1,424 unfavorable Reference: 21_03 Bradford Company budgeted 4,000 pounds of material […]
Multiple Choice Questions 11.The balance sheet lists: A.Assets, liabilities and capital of a business B.Revenues and expenses of a business C.The percentage of revenue at the end of the year D.The percentage of debt at the end of the year E.Cash disbursements 12.The income statement is a summary of: A.Cash receipts and where they came from […]
51. A formal written statement of management’s plans for the future, expressed in financial terms, is a: A. gross profit report B. responsibility report C. budget D. performance report 52. The budget process involves doing all the following except: A. establishing specific goals B. executing plans to achieve the goals C. periodically comparing actual results with the goals D. dismissing all managers who fail to achieve operational goals specified in the budget 53. The budgetary […]
Established in 1977, Krona Community Hospital is a 60-bed, acute care hospital located in the heart of Banconota County. With a staff of nearly 100 physicians and specialists, 400 employees and 75 volunteers, they offer a full range of health care services. They are accredited by The Joint Commission.
Nouveau Health, a private, not-for-profit health care chain, took over management Krona Hospital. Last year, state officials began to discuss Nouveau’s proposal to build a new, replacement hospital in Banconota County. The new facility would have 74 acute care beds, four observation rooms, four surgical operating rooms, one c-section room, a 24-hour emergency department, a maternity center, an intensive care unit, and an extensive outpatient center that will provide service such as diabetes treatment, physical therapy, speech pathology, and so forth.
You are a staff member in the finance department at Nouveau Health, whose sole responsibility is to advance the success of the organization through assisting in planning, forecasting, and finance management.
Primary Task Response: A wellness program includes services with exercise programs and chronic disease management to catch problems early so that a customer can be seen in urgent care or a doctor's office instead of ending up in the hospital. It increases outpatient revenue and decreases inpatient admissions and readmissions thereby, hopefully, decreasing risk for financial loss. Familiarize yourself with an example of a wellness center at the following web site:
http://www.sw.org/location/waco-getterman-wellness-center
Based on Krona’s budget, consider the effects that a Wellness Program provides to Krona. If the wellness program is to include outpatient revenue, home health revenue, and pharmacy revenue, discuss how outpatient and inpatient revenue will differ with these budgetary goals. Include the following:
Click here for last year’s budget.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more