1. Your hospital has billed charges of $4,000,000 in February. Contractual adjustments are expect… 1 answer below »

1. Your hospital has billed charges of $4,000,000 in February. Contractual adjustments are expected to be 20% of billed charges. If your collection experience indicates that 20 percent is paid in the month billed, 40 percent in the second month, 20 percent in the third month, and 5 percent in the fourth month, determine the following values: a) Net patient revenue for February b) Prepare a “decay chart” for these billings c) Net accounts receivable at the end of March for February billings

2. You are reviewing your targets for short-term cash reserves next year. You wish to carry at least twenty days cash on hand. If annual budgeted cash expenses are $48,000,000, what amount of short-term cash reserves should be targeted? Show calculations.

3. You have projected depreciation expense to be $1,000,000 in the next fiscal year with year-end accumulated depreciation balances being $5,000,000. If inflation in medical equipment is averaging 10 percent per year and you wish to finance only 20 percent of your replacement needs with debt, what amount of replacement reserves should you target for year end? Show calculations.

 

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Bristol Company has a high turnover rate among its employees. It maintains a very large computer…

Bristol Company has a high turnover rate among its employees. It maintains a very large computer system that supports approximately 225-networked PCs. The company maintains fairly extensive databases regarding its customers. These databases include customer profiles,

Application

Field Name

Field Length

Example

Invoicing

Customer number

6

123456

Customer name

23

Al’s Department Store

Salesperson number

3

477

Invoice number

6

123456

Item catalog number

10

9578572355

Quantity sold

8

13

Unit price

7

10.50

Total price

12

136.50

Salesperson activity

Salesperson number

3

477

Salesperson name

20

Kathryn Wilson

Store department number

8

10314201

Week’s sales volume

12

1043.75

Regular hours worked

5

39.75

Overtime hours worked

4

0.75

Inventory control

Inventory item number

10

9578572355

Item description

15

Desk lamp

Unit cost

7

8.50

Number of units dispersed this week

4

14

Number of units added to inventory

4

20

Purchasing

Vendor catalog number

12

059689584996

Item description

18

Desk pad

Vendor number

10

8276110438

Number of units ordered

7

45

Price per unit

7

8.75

Total cost of purchase

14

313.75

past purchasing patterns, and prices charged. Recently, Bristol Company has been having major problemswith competitors. It appears that one competitor seems to be very effective at taking away the company’s customers. This competitor has visited most of Bristol Company’s customers, and identical products have been offered to these customers at lower prices in every case.

a. What do you feel is the possible security problem at Bristol Company?

b. What can be done about this problem?

 

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The Blatz Furniture Company uses an online data input system for processing its sales invoice data,…

The Blatz Furniture Company uses an online data input system for processing its sales invoice data, salesperson data, inventory control, and purchase order data. Representative data for each of these applications are show Identify specific editing tests that might be used to ensure the accuracy and completeness of the information in each data set.

 

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Case Study 2: Design ProcessDue Week 4

Case Study 2: Design ProcessDue Week 4 and worth 90 pointsYou have recently started your own software design company. You discover that your local DMV is looking to build a system that will allow receptionists to check customers in quickly. They would like for the system to allow customers to self-check-in during busy times, but have receptionists check customers in the rest of the time. Your company puts a bid in for the project and wins.Read the article located at.bcs.org/upload/pdf/ewic_hc07_lppaper18.pdf.”>http://www.bcs.org/upload/pdf/ewic_hc07_lppaper18.pdf.Write a four to five (4-5) page paper in which you:Suggest the prototyping technique you would use for this system and support your rationale.Create a management plan containing eight to ten (8-10) stages for proper design of such a system.Explain each stage of the management plan and justify your rationale.Estimate the length of time it will take to complete each stage of the management plan.Compare and contrast the self-check-in interface with the interface a receptionist would use.UseMicrosoft Visio or an open source alternative, Dia,to create a total of two (2) graphical representations of your proposed interfaces, one (1) for the self-check-in and one (1) for the receptionist.Note:The graphically depicted solution is not included in the required page length.Use at least three (3) quality resources in this assignment.Note:Wikipedia and similar Websites do not qualify as quality resources.Your assignment must follow these formatting requirements:? Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.? Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.? Include charts or diagrams created in Excel, Visio, MS Project, or one of their equivalents such as Open Project, Dia, and OpenOffice. The completed diagrams/charts must be imported into the Word document before the paper is submitted.

 

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Discounting cash flows involves: Select one: a. multiplying expected future cash flows by the cos…

Discounting cash flows involves:

Select one:

a. multiplying expected future cash flows by the cost of capital.

b. discounting only those cash flows that occur at least ten years in the future.

c. taking the cash discount offered on trade merchandise.

d. estimating only the cash flows that occur in the first four years of a project.

e. adjusting all expected future cash flows to their current value.

 

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Kiss the Chef Co., a cooking school, purchased a two-year insurance policy on April 1, 2020, paying

Kiss the Chef Co., a cooking school, purchased a two-year insurance policy on April 1, 2020, paying cash of $7,680. Its year-end is December 31. a. Record the journal entry on April 1, 2020. a. How many months are between April 1, 2020 and December 31, 2020? Record the adjusting entry on December 31, 2020, a. How many months are between January 1, 2021 and December 31, 20121 Record the adjusting entry on December 31, 2021. d. How many months of the insurance policy are left in 2022?

 

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Selected accounts for Brianna’s Salon are presented below. All J 1 answer below »

Selected accounts for Brianna’s Salon are presented below. All June 30 postings are from closing entries.

Instructions
(a) Prepare the closing entries that were made.
(b) Post the closing entries to IncomeSummary.

 

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Midwest Manufacturing Statement of Income 2016 2017 2018 Sales $ 5,625,357 $ 5,794,118 $ 6,141,765 C

Midwest Manufacturing Statement of Income 2016 2017 2018 Sales $ 5,625,357 $ 5,794,118 $ 6,141,765 Cost of Goods Sold: Variable Costs 1,462,593 393,775 1,390,588 1,781,112 Fixed Costs 521,471 368,506 Total Cost of Goods Sold 1,856,368 1,912,059 2,149,618 Gross Profit 3,992,147 3,768,989 3,882,059 Administrative & Selling Expenses: Variable Administrative & Selling Costs Fixed Administrative & Selling Costs 393,775 521,471 522,050 956,311 1,100,882 1,013,391 Total Administrative Costs 1,350,086 1,622,353 1,535,441 $ 2,418,904 $ 2,259,706 $ 2,456,706 Net Income Supplemental Information 2016 2017 2018 Unit Costing Summary: Units Sold 100,453 107,298 118,111 Direct Labor Hours 75,340 75,109 76,772 1)What is the (a) breakeven in units and (b) margin of safety in units for (i) 2016, (ii) 2017, and (ii) 2018? (25 Points) A new piece of manufacturing equipment is being considered for purchase. This machine is projected to reduce total cost of goods sold by 18 % (based on 2018 actual results) and have a useful life of 5 years. 2) If the machine costs $2,500,000 should it be purchased? Explain. (20 Points) The company has calculated that 40 % of the variable cost of goods sold are attributable to direct materials, and that 60% of the variable cost of goods sold are associated with direct labor. 3) What is the direct materials cost per item for 2018? (10 Points) It is projected that the number of units sold for 2019 will increase by 5 % from 2018. No change in inventory is scheduled for 2019: 4) What is the production budget, in units, for 2019 in units? (10 Points) It is expected that the cost of direct materials will increase by 3% from 2018 to 2019. 5) What is the direct materials budget, in dollars, for 2019? (15 Points) 6) What was the direct labor hours per unit for (rounded to the nearest .01) (i) 2017 and (i) 2018? (15 Points) It is budgeted that the direct labor hours per unit from 2018 will be the same for 2019. It is also budgeted that the direct labor rate for 2019 will increase by 2 % from 2018. What is the direct labor budget, in dollars, for 2019? (15 Points) 7) When drafting the budget for 2018 the standard hourly rate was set at $12.56 for direct labor. What is the direct labor rate variance for 2018? (15 Points) 8)

 

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Lombardi Inc provides you the following financial information: Sales in units: 80,000 units Sales Re

Lombardi Inc provides you the following financial information: Sales in units: 80,000 units Sales Revenue $480,000 Variable Costs: Cost of Goods Sold (288,000) Fixed Costs: Salaries (45,000) Net Operating Income $147,000 Based on the above information, what DOLLAR SALES level that is necessary for Lombardi Inc to generate a TARGET Net Operating Income of $405,000? Select one: a. $1,102,500 b. $962,500 c. $1,125,000 d. $737,500 e. None of the other answers are correct

 

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How would paying out a $2 million cash dividend affect cash and net working capital? It seems to m

How would paying out a $2 million cash dividend affect cash and net working capital? It seems to me that paying out a $2 million cash dividend will diminish the cash and net working capital by $2 million plus the costs of paying this dividend.

 

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