Using the information on the Oakmont Clinic found on worksheet 3 (labeled “Exhibits” starting on Cell A100) compute the profit or loss for the EKG department after allocating overhead cost from the cost centers to the revenue (profit) centers.
MD hospital is a non-profit 501(c)(3) corporation. They have been given a $50,000 per year perpetuity for nursing education by the estate of a wealthy patron. Assuming the discount rate is 10%, what is the present value of the contribution.
For problems 3-8 use the Financial Statements for Memorial Hospital found on worksheet 3 (labeled exhibits).
Current Ratio (Regional Benchmark Standard = 1.80)
Quick Ratio (Regional Benchmark Standard = 1.28)
# of Days in Accounts Receivable (Regional Benchmark Standard = 59)
Average Payment Period (Regional Benchmark Standard = 75)
Statement of Operations
For the Years Ended December 31, 2010 and 2009
When comparing the fiscal performance of 2009 and 2010, which of the following statements about profitability is most true?
Both the Operating Margin & Total Margin (excess of revenue over expense) have deteriorated in 2010.
Both the Total Margin & Return on Net Assets improved in 2010 over 2009.
The Total Margin was better in 2009 & Return on Net Assets was better in 2010
The Total Margin improved slightly in 2010 but the return on Net Assets fell below the 2009 level.
The average age of PP&E was older in 2009 than in 2010.
The average age of PP&E was older in 2010 than in 2009.
If the industry standard for the ratio of Total Liabilities to Net Assets is 1.0 âŚ. which of the following is the most true for Memorial Hospital?
Their ratio of Total Liabilities to Net Assets was close to the standard in both 2009 & 2010.
They were in compliance in 2009, but not 2010
They were in compliance in 2010, but not