...Capital Purchase Justification Jessica Keating Grand Canyon University: HCA- 530 January 21, 2016 According to the National Cancer Institute, “12.4 percent of women born in the United States today will develop breast cancer at some time during their lives” (NIH,2012). Early detection and treatment of breast cancer is possible with the use of digital imaging through a mammogram and a clinical breast exam. The Center for Disease Control reported, “ In 2010, an estimated 75.4% women aged ≥40 years and 79.7% of women aged 50–74 years reported having a mammogram within the past 2 years” (Miller, 2012). My intent in writing this report is for our organization to capture this very crucial part of the market. My goal is to explain to you how our facility could benefit from the acquisition of a GE SenoClaire 3D Tomosynthesis system. Our facility like others in Arizona are working towards decreasing rising healthcare costs through the promotion of preventative health care and early interventions for high risk populations. I feel like our health care network could be a leader in breast health and breast cancer awareness with the right tools. Currently, “ The cost of screening mammograms is covered without copayments or deductibles. Medicare pays for annual screening mammograms for all female Medicare beneficiaries who are age 40 or older. Medicare will also pay for one baseline mammogram for female beneficiaries between the ages of 35 and 39. There is no deductible...
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...Radiology Department Capital Expense Teresa Lax Grand Canyon University Healthcare Policies and Economics HCA-530 November 13, 2013 Radiology Department Capital Expense Asking for a capital budget for x-ray equipment can seem overwhelming. As Olivi (2010) stated, “The financial-justification steps of capital budgeting can be particularly daunting,” if not sometimes impossible (p. 1). Typically, before the capital budget, financial justification begins; planning starts with considering the needs of the hospital over the next three years. A prioritized list is drawn up, and financial justification is undertaken for items beginning at the top of the list (Olivi, 2010). The hospital is in the process of asking for the 2013 department capital request. While the economy is not doing particularly well, it’s doing better than in previous years. The financial team will need to investigate the possibility of new capital equipment; they need to know that this equipment will increase the delivery of services. This hospital would like to invest in a new updated magnetic resonance imaging (MRI) machine. The current MRI machine is over 20 years old, is unable to acquire any new information, and is costing the radiology department more in maintenance to keep it running than it would cost to purchase a new one. Radiology has requested a new Signa HDxt 3.OT MRI system as a capital budget item. The Signa HDxt3.OT delivers high-density coils and has great “tissue...
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...Part 2 Explain the reason and justification for Section 254M (1). In explaining the reason and justification for Section 254M (1), one need to understand the justification on requesting the shareholders to pay for their shares. In doing so we will be examining three important theory that governing this justifications which is the fraud theory, trust fund theory and the contract theory. The ‘holding out theory’ which also referred as the fraud theory. The fraud theory was first derived from the case of Hospes V.North-Western Manufacturing and Car, in which it was held that misrepresentation provides the ground upon which the liability of shareholders to pay-up for the allotted shares is based (Mwenda, 1999). Hanks and Manning observed: "The basic rationale of the Hospes court was that the creditor had somehow received a representation from the corporation to the effect that the shares had been fully paid for; if in fact the shares had not been paid for, and if the company later became insolvent the creditor could claim that he had been misled and could compel shareholders who had not paid in the par value of their shares to do so...” (Hanks and Manning, p.50, 1990). This representation makes a clear message that unless the company become insolvent there is no action against the shareholder by the creditor since there is no damages taken by the creditors. While the trust fund theory states that the shareholder’s equity which the capital stock is in the nature of a ‘trust fund’...
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...nursing homes. This particular service is used to cater to the food needs of the patients. To focus the task and operations involved in institutional food service management, it is essential to examine food service as part of the parent institution. It is very important to keep equipment up-to-date so that the department can run smoothly and kitchen can stay up to code with safety expectations. In my observation while working in dietary, I noticed that the cooking process was so long and exhausting because the ovens were too small and old. After noticing that this process seems to be getting worse every year, there needs to be some changes. I decided to make a capital purchase to improve dietary services, in order to help speed up the process of cooking and serving patients a better quality of food. The capital purchase made, is a Doyon Baking Equipment JA0P14 Electric 14 Pan Oven/ 32 Pan Proofer. The amount of this equipment replacement totaled at 20,405.55. I am replacing existing equipment with new equipment, “often a comparison may be made between upgrading and replacement in order to make a more compelling argument. The usual arguments in these comparisons revolve around improvements in technology in the new equipment that are more advanced than available upgrades to the old equipment (Baker & Baker, 2013, p.191). Replacing the old oven is my idea of bettering the dietary department. The management goals that expenditure is from day to day, a dietary manager has to...
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...TAX ON SHORT-TERM CAPITAL GAINS Introduction Gain arising on transfer of capital asset is charged to tax under the head “Capital Gains”. Income from capital gains is classified as “Short Term Capital Gains” and “Long Term Capital Gains”. In this part you can gain knowledge about the provisions relating to tax on Short Term Capital Gains. Meaning of Capital Gains Profits or gains arising from transfer of a capital asset are called “Capital Gains” and are charged to tax under the head “Capital Gains”. Meaning of Capital Asset Capital asset is defined to include: (a) Any kind of property held by an assesse, whether or not connected with business or profession of the assesse. (b) Any securities held by a FII which has invested in such securities in accordance with the regulations made under the SEBI Act, 1992. However, the following items are excluded from the definition of “capital asset”: i. any stock-in-trade (other than securities referred to in (b) above), consumable stores or raw materials held for the purposes of his business or profession ; ii. personal effects, that is, movable property (including wearing apparel and furniture) held for personal use by the taxpayer or any member of his family dependent on him, but excludes— (a) jewellery; (b) archaeological collections; (c) drawings; (d) paintings; (e) sculptures; or (f) any work of art. “Jewellery" includes— (a) ornaments made of gold, silver, platinum or any other precious metal or any...
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...PROGRAM MASTER OF BUSINESS ADMINISTRATION COURSE ORGANIZATIONAL POLICY & STRATEGY CASE STUDY – REVLON Acknowledgement This paper was undertaken during enrollment of master degree of business administration and it is a great opportunity to share this paper for an academic knowledge and development as well as self-improvement management skills. Executive Summary Revlon was founded in 1932 by brothers Charles (Joseph Revson and Charles Lachmann) with a $300 investment from nail products to beauty products. In 1937, Revlon successful started selling products in department stores and drug stores. Revlon was taken public in 1996 traded on the New York Stock Exchange. Today, Revlon is the global company which offering the products over 100 countries and products focus on skin care, cosmetics, personal care, fragrance and professional products. In this case study, the strategic management is focusing on the following: Identify the firm’s vision, mission, objectives and strategies Develop the statement of vision and mission of the firm Identify external opportunities and threats Construct Competitive Profile Matrix (CPM) Construct External Factor Evaluation (EPE) Identify internal strengths and weakness Construct Internal Factor Evaluation Prepare Strengths-Weakness-Opportunies-Threats Matrix (SWOT), Strategic Position and Action Evaluation Matrix (SPACE), Internal-External...
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...poor judgment, not only within his initial services (tax preparation) but also in his newly offered service (common-law trust). These lapses in judgment will not only ruin his reputation professionally but also from an ethical standpoint. He may also face jail time, assuming he can be found. To be more detailed, Rufus has: 1) Failed to take due care, in both services 2) Appears to have failed to maintain objectivity and independence 3) Appears to have lied to increase personal gains 4) Misappropriated funds by deceiving clients Pizza Hut Case Justification of tax position September 23, 2013 Question: Could I have justified the position taken on the tax return from an ethical standpoint? Explain… First, the 7th district court asserts that C&F failed to claim why it voluntarily treated some of the money received from IBP as ordinary income if all such claims necessarily net capital gains. To this I would respond, C&F did make a claim for the treatment. C&F estimated that 2.86 million in revenue was lost due to the damaged (misappropriated) trade secret, thus the treatment of that amount as ordinary income. This means that the remaining balance from the initial lawsuit (IBP) would go...
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...CRJ 105 WK 5 QUIZ 2 CHAPTER 5 TO 8 To purchase this visit here: http://www.activitymode.com/product/crj-105-wk-5-quiz-2-chapter-5-to-8/ Contact us at: SUPPORT@ACTIVITYMODE.COM CRJ 105 WK 5 QUIZ 2 CHAPTER 5 TO 8 CRJ 105 WK 5 Quiz 2 Chapter 5-8 1. "Theory" is best described as: a. Fact b. Providing justifications for criminal behavior c. Useful for making sense of otherwise isolated, seemingly random facts d. Useful in locating the one key that will explain all criminological behavior 2. The view that criminal behavior is ultimately driven by supernatural forces is known as: a. Classicalism b. Demonology c. Marxism d. Victimology 3. "Women accused of witchcraft were tied up and thrown in the water. If they survived, they were innocent." This type of practice is known as: a. Capital punishment b. Neoclassicalism c. Torture d. Trial by ordeal 4. The earliest theories of crime causation were: a. Demonological b. Ecological c. Economic d. Classical 5. Beccaria's work can be summarized as arguing that: a. Crime is the result of forces outside of an individual's control. b. Capitalism is at the root of most crimes. c. The punishment should fit the crime. d. Crime rates are related to geography. 6. Jeremy Bentham advocated for "the greatest happiness shared by the greatest number." The term that refers to this approach is: a. Demonism b. Ecological determinism c. Marxism d. Utilitarianism 7. Which of the following theoretical perspectives is based...
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...Justification/Recommendation Reports Introduction : • Justification reports are written to defend changes in policy or procedure. • They are often written without any request from the reader. The report focuses on answering the question "why should we?" • Do this by providing supporting evidence and convincing arguments to back the changes your report proposes. • It analyzes a problem, discuss options, and present a recommendation, Solution, or action to be taken. • E.g buying equipment, changing the procedure, hiring an employee, consolidating departments, or investing funds. *Structures: Direct or indirect pattern Direct is used for non-sensitive topics and recommendations that would be agreeable to readers : 1. In the introduction identify the problem or need briefly. 2. Announce solution or recommendation with action verbs. 3. Explain more fully the benefits of recommendation or steps to be taken. 4. Discuss pros, cons, and cost. 5. Conclude with summary. Indirect is used when a reader may oppose a recommendation or when suggest caution: 1. General reference to problem 2. Describe the problem or need your recommendation addresses. -Use specific examples. 3. Discuss alternative solutions. 4. Present the most promising alternative (your recommendation) last. 5. Show advantages of your recommendation. 6. Summarize your recommendation. 7. Ask for authorization to proceed if necessary...
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...**Capital Purchase Js HCS/571 April 07, 2013 R g Capital Purchase A capital expenditure is a pledge of funds that is anticipated to grant benefits during a practically extended, usually a minimum two years, sometimes longer (Cleverley & Cameron, 2007). Client Health and Rehabilitation Center a skilled nursing facility in Anywhere, NY has determined that a capital expenditure of an installation of electronic medical records (EMR) will help their facility compete with surrounding facilities. The cost will be roughly $50,000, and will consist of the hardware, labor, software, service, and education for facility staff. This paper will confer that attainment of electronic medical record hardware and software will facilitate organizational and management with facility goals based on the necessity of the facility to compete with other facilities in the area that are technically advanced. In the long run the facility will reap the rewards of the installation of this new technology. Management Goals Productivity The chief goals of the administration group at Client Health and Rehabilitation Center is that of productivity. With the organization becoming further advanced technologically owing to the use of the EMR system, responsibilities that consist of procuring doctors orders for updating, filing, and charting additional redundancies, and use many paper charts will not be necessary, thereby doing away this outdated...
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...641 – Project Procurement Management Professor Michael Hagerman University of Maryland University College Date: 10-/2/2012 TABLES OF CONTENT Introduction and Objectives..…………………………………………………….1 Project Procurement Management Processes…...2 Plan Procurements…………………………………………………….……… …3 Conduct Procurement…………………………………………………………….4 Administer Procurement ………………………………………………………....5 Close Procurement………………………………………………………………..6 Conclusion……………………………………………………………………….7 References……………………………………………………………………...8 Introduction and Objectives According to PMBOK Guide (2003) project procurement management includes the process necessary to purchase or acquire products, services or resulted from outside the project team. Which includes the contract management and change control processes required to develop and administer contract purchase orders issued by authorized project team members? The objective of a procurement management plan is to describe the end-to-end procurement process that the project will use to acquire its goods and services. This plan will be completed in the Project Management Plan document. The purpose of project procurement is to acquire the goods and services necessary to achieve the project scope. The purpose of the project procurement management plan is to define the methodology that will be used by the project to manage project procurement. The plan describes how the procurement processes will be managed from contract initiation through contract closure...
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...plantain chips and it will be sold at a very affordable price. Justification of Location The business will be located at lot 101 Ann’s Grove East Coast Demerara next to Church of God on the right hand side of the road Three reasons for this location are: * Nearness to raw materials – it will be easier to obtain raw materials which will cost less. * Nearness to market – goods will be sold easier and faster due to nearness of market. * Proper infrastructure – proper roads, electricity and proper clean water supply. Selection of Labor They type of labor intended for the business will be semi-skilled labor. The three semi-skilled workers will be employed to perform the duties of: * A Guard – to watch over and protect the business. * A Manager – the manager will be in charge of the business and make sure the other workers perform their duties correctly. * A Cleaner – to make sure the environment is kept clean. This form of labor was chosen because it’s cheaper and will suit the needs of the entity. Source of Working Capital * Fixed Capital – is the money invested in the business that will be used repeatedly over a long period of time. It is not used for resale purpose. * Working Capital – is the money that will be used to carry out the day to day expenses of the business. All capital will be obtained from personal savings. Role of an Entrepreneur –...
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...CHARACTERISTICS OF PURE CAPITALISM Although there are as many economic systems as there are countries, we will discuss the basic elements of pure capitalism. Purely capitalist economies are characterized by exclusive private ownership of productive resources and the use of markets to allocate goods and services. Pure capitalism stands in stark contrast to socialism, which is characterized by partial or total public ownership of productive resources and centralized decision making to allocate resources. Capitalism in its pure form has probably never existed. In all countries characterized as capitalist, government plays an active role in the promotion of overall economic growth and the allocation of goods and services through its considerable control over resources. The reason we examine capitalism in its pure form is essentially twofold. To begin with, most western, developed, economies fundamentally are capitalist, or market, economies. Moreover, and perhaps more important, understanding capitalism in its pure form will better position the analyst to understand deviations and gradations from this “ideal” state. Economies that are characterized by a blend of public and private ownership is known as mixed economies. Most of the discussion in this text will assume that our prototypical firm operates within a purely capitalist market system. Although the complete set of conditions necessary for pure capitalism is not likely to be found in reality, an understanding...
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...Section 1 of the Capital Project Lori Winter HCS/571 July 29, 2013 Ralph Gigliotti Section 1 of the Capital Project St. Anthony’s Memorial Hospital, an affiliate of Hospital Sisters Health System is a fully accredited not-for-profit acute care health facility with 146 licensed beds. It has been decided that a capital expenditure of sixty new in-patient beds is important for patient safety and comfort. “A capital expenditure is a commitment of resources that is expected to provide benefits during a reasonably long period, at least two or more years,” (Cleverly & Cameron, 2007, p. 397). The cost of the new Stryker beds will be approximately $646,381.36. This cost will include bed software training, 1 year parts, labor & travel of bed service cost, and Isogel Air mattress. This student will discuss how the purchase of Stryker beds supports the organizational goals, management goals, and enhance the economic environment of the organization. The Management Goal The management goal is risk management. Risk management is problem focused, a component of quality management. The goal of risk management is to identify, analyze, and evaluate risks, and then develop the plan to reduce the frequency and severity of accidents and injuries. A review of the current patient bed revealed, outdated mattress, lack of bed alarms on patient movement, and limited patient bed controls for communication with staff. An intensive review of current incident reports revealed...
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...CHAPTER 1 INTRODUCTION TO TAXATION SOLUTIONS TO PROBLEM MATERIALS | | | | | Status: | Q/P | |Question/ |Learning | | | Present |in Prior | |Problem |Objective |Topic | | Edition |Edition | | | | | | | | | | | | 1 |LO 1, 2, 5 |Effect of state and local taxes on decision making | |Unchanged |1 | | 2 |LO 1 |Proportional and progressive rates contrasted | |Unchanged |2 | | 3 |LO 2 |Ad valorem tax on realty: conversion from tax-exempt to | |Unchanged |3 | | | |residential status | | | | | 4 |LO 1, 6 |Adam Smith and canon of convenience | |Unchanged |4 | | 5 |LO 2 |Use taxes ...
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