...Patton-Fuller Ratio Computation July 8, 2013 HCS/405 Regina Robinson The Eight Basic Ratios 1. Current Ratio (Unaudited) 2009 Current Assets $128,867 ÷ Current Liabilities $23,807= 5.4129877 or 5.413 (5 to 1) 2008 Current Assets $130,026 ÷ Current Liabilities $8,380 = 15.516229 or 15.516 (15 to 1) Current Ratio (Audited) 2009 $128,867 ÷ $23,807= 5.3709833 or 5.371(5 to 1) 2008 $130,026 ÷ $8,380= 15.516229 or 15.516 (15 to 1) Disagree: This ratio is consistently a measure of short-term debt paying ability (Baker & Baker, 2011). However, it must be carefully interpreted (Baker & Baker, 2011). Observationally, the CEO’s report to the board that all financial ratios have improved is inaccurate; in all actuality, the ratios have not. In effect, the numbers simply do not back up the declaration. The unaudited and audited current ratios show that in 2008 the hospital’s assets were greater than those in 2009 were. This ratio also shows the current assets in 2008 were much higher than the current liabilities for the same year, a ratio of 15 to 1. In 2009 the current assets to current liabilities ratio was only 5 to 1. The hospital’s assets were lower in 2009 and yet the liabilities in 2009 were higher. The hospital’s assets were higher in 2008 and the liabilities in 2008 were lower. This shows the hospital was more profitable in 2008, not 2009. 2. Quick Ratio...
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...Patton-Fuller Community Hospital Ratio Computation 2009 and 2008 This paper will show the ratio computations to Patton-Fuller Community Hospital. From these computations, taken from the Unaudited and Audited Reports from 2009 and 2008, Team E will address significant changes, if any occurred, and address what Patton-Fuller Community Hospital plans are within the next year to five years regarding any changes. In closing this paper will address the reasons that our team agrees or disagrees with the CEO’s report presented to the Board. In addressing the ratio computations for 2009 and 2008, Unaudited and Audited reports, below, there were no significant changes between the two reports. From 2008 to 2009, the current assets decreased, but showed an increase in the hospital’s liabilities. This change affected the current ratio of the hospital, which was 15.51 to 5.41. The drop in net receivables and cash equivalents according to the ratio computations dropped which had caused a change in the quick ratio of the hospital from 9.49:1 to 3.44:1. In reference to the hospital’s operating costs What plans should the hospital Board make for next year and the next five years? After reviewing Patton-Fuller Community Hospital balance sheets, the balance sheets show that they break even at the end of the fiscal year. The hospital is currently making enough to cover the debts, which equals to no profit. The hospital’s Revenue needs to increase to avoid the debts of the hospital...
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...Patton-Fuller Ratio Computation Team B: When it comes to the CEO’s report, we cannot agree with the entire report. Some of the results mentioned in the CEO’s report are based on the unaudited financial statements. The CEO mentioned a 3% increase in expenses, as shown in the unaudited reports, but when figuring out the ratios in the audited reports, the expenses show an average of a 9% increase. However, in the audited reports, it does show an average increase of 9% for the revenues of this company. According to the asset numbers, this facility did acquire much more property and equipment, which is a positive result. Even in the economic downturn, the hospital did have a decent year. The audited financial statements showed that the operating results and financial position reflected a small difference from the CEO’s report to the Board. The current ratio shows a 5.37:1, and the quick ratio is 3.44:1. According to the audited financial statement computation, the Days Cash on Hand (DCOH) is 19.6 days, and the Days Receivable is 46.7 days. Patton-Fuller Community Hospital has a Debt Service Coverage Ratio (DSCR) of 2.69 with Liabilities to Fund Balance of 3.65. Their Operating Margin currently stands at .00067% with a Return to Total Assets percentage of 7.9%. The CEO’s report states that most of the expenses have been kept to a 3% increase. This is true for most of the expenses, but the overall increases for total expenses are right under a 6% increase. Also, the net...
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...jjjjjjjjjjjjjjjjjjjjjjjjjwww.mass.gov/dhcfp. Trends in financial ratio analysis can provide useful ... Financial Ratio Analysis Project www.docstoc.com/.../Financial-Ratio-Analysis-Proj... - แคช - แปลหน้านี้ 11 Feb 2010 – Financial Ratio Analysis Project Final Report August 1, 1996. Prepared on behalf of: U.S. Department of Education 1. Executive Summary ... Financial Ratios for Patton-Fuller Community Hospital - College ... www.termpaperwarehouse.com/...Ratios...Hospital/... - แคช - แปลหน้านี้ 22 Jul 2012 – Patton-Fuller Community Hospital Ratio Computation 2009 and 2008 ... Financial Data Analysis For Patton Fuller Community Hospital · Patton ... California Hospital Financial Ratio Analysis Report - Google Books books.google.com/.../California_Hospital_Financial_Rat... - แปลหน้านี้ Title, California Hospital Financial Ratio Analysis Report. Contributor, California Association of Hospitals and Health Systems. Publisher, California Association ... A new perspective on hospital financial ratio analysis findarticles.com/p/articles/mi.../is.../ai_20446235/ - แปลหน้านี้ ผลการค้นหานี้ไม่มีคำอธิบายเนื่องจาก robots.txt ของไซต์นี้ - เรียนรู้เพิ่มเติม [PDF] FUNDAMENTALS OF HEALTHCARE FINANCE Online ... - ACHE.org www.ache.org/pubs/hap.../FHFOLAPPA.pdf - แปลหน้านี้ รูปแบบไฟล์: PDF/Adobe Acrobat - มุมมองด่วน 27 Mar 2009 – establishes the ratios and definitions used in any analysis. Perhaps the most complete set of comparative data for hospitals is the “Almanac of ... Health...
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...address the ratio computations to Patton Fuller Community Hospital taken from Audited and Unaudited Reports from year 2008 and 2009. Team E will indicate the significant changes from 2008 and 2009 that occurred. From 2008 and 2009 the remaining assets reduced, but showed an increase in the hospital’s obligations. The hospital is at the moment creating an adequate revenue to comprise the debt of the hospital from increasing in expenses. The Revenue needs improvement to avoid the debts of the hospital upsurge. To stipulate excellence service, the hospital will need to increase the quantity of patients seen and in due time increase the revenue. In finalizing our paper, we will determine the explanations that our team agrees or disagrees with the CEO’s report presented to the board. Conclusion Patton Fuller Community Hospital’s ambition is to become a reliable organization among its patients and stakeholders by delivering absolute care to the patients and by improving the prospect of stakeholders. In today’s economic crisis with the effects of rising health care costs, and the demand for economical care management is one of the most important priorities to patients. Patton Fuller empathize the need to focus on the evaluations of stakeholders, patients, providers, medical doctors, and staff in the cooperation course of action. It is appropriate for the organization to deliver a guarantee healthcare option for patients, healthcare professionals and medical doctors, Patton Fuller empathize...
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...Ratio Computation HCS 405, University of Phoenix November 5, 2012 Diana Schilling Eight Basic Ratio’s Used in Health Care Liquidity Ratios 1. Current Ratio: Current Assets/Current Liabilities UNAUDITED: 2009: $128,867/$23,807 = 5.41 2008: $130,026/$8,380 = 15.52 AUDITED: 2009: $127,867/$23,807 = 5.37 2008: $130,026/$8,380 = 15.52 2. Quick Ratio: Cash & Cash Equivalents + Net Receivables/Current Liabilities UNAUDITED: 2009: $22,995 + ($59,787-$10,757)/$23,807 = 3.03 2008: $41,851 + ($37,666-$6,777)/$8,380 = 8.68 AUDITED: 2009: $22,995 + ($58,787-$11,757)/$23,807 = 2.94 2008: $41,851 + ($37,666-$7,533)/$8,380 = 8.59 FINDINGS: I do not disagree with the CEO’s report to the Board. The unaudited and audited reports are very similar in their ratios. The audited reports show more validity to the numbers and should be looked at more than the unaudited reports. I believe that the next year and next five years can be based on either ratio and the board can get the budget for the next few years pretty close to what they need to be. 3. DCOH: Unrestricted Cash & Cash Equivalent/(Cash Operation Expenses/365) UNAUDITED: 2009: $22,995/($462,293/365) = 18.2 2008: $41,851/($437,424/365) = 34.9 4. Days Receivable: Net Receivable/(Net Credit Revenue/365) UNAUDITED: 2009: $59,878/($462,982/365) = 47.13 2008: $37,666/($421,314/365) = 32.63 Solvency Ratios 5. DSCR: Change in Unrestricted Net Assets + Interest, Depreciation, Amortization/Maximum...
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...Course Design Guide HCS/405 Version 5 1 Course Design Guide College of Natural Sciences HCS/405 Version 5 Health Care Financial Accounting Copyright © 2012, 2010, 2007, 2005, 2004, 2002, 1999 by University of Phoenix. All rights reserved. Course Description This course provides an understanding of the general principles of accounting applied in the health care environment. It includes an overview of sources of revenue for various health care entities. The fundamentals of financial planning, cost concepts, capital budgeting, and management analysis are applied in the health care environment. Issues surrounding the development and management of budgets are also examined. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers. All electronic materials are available on the...
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...WWW.STUDENTWHIZ.COM HCS 405 Week 2 Health Care Financial Terms Paper The theme of HCS 405 is to enable students to learn about the financial statements and other financial transactions in the hospital industry. There are various topics in HCS 405 like balance sheet, statement of revenues and expense, revenue cycle, payer mix and revenue. There will be five weeks in the course of HCS 405 in which the above topics will be covered. There will also be the study about the financial worksheet and reporting practices. It will be taught to the students that organizations must comply with the requirements of ethics and proper disclosure of the statements. In HCS 405 week 1, there will be teaching of balance sheet. Balance sheet is defined as the financial statement of hospitals that tells about the assets, liabilities and equity of shareholders at a specific point of time. In HCS 405 week 2, earning statements will be taught to the students. Statement of revenues and expense is one of the financial statements which are used to identify the revenues or losses of the hospitals for the particular period. In the course, there will be different multiple choice questions that will be provided to the students to test their understanding. After it, the solutions are also provided to check the correctness. There will be the final exam in which all the topics will be covered. The HCS 405 week 3 will include the revenue cycle of hospitals. . It is defined as the process in which the revenues...
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...HCS 405 week 1 Health Care Financial Terms Worksheet Paper - WWW.STUDENTWHIZ.COM Introduction The HCS 405 week 1 financial terms worksheet throws light on some of the most basic concepts of the healthcare business. Understanding health care financial terms is a prerequisite for both academic and professional success. The health care business helps the nation by providing the building blocks that the citizens need to live a successful and healthy life. The worksheet is intended to ensure that the students understand some of the basic terms used in the business world of the health care industry. The purpose of HCS 405 individual and team assignments is to make the students aware about the numerous strategies employed in the financial and other departments of a health care sector. The students attending to the HCS 405 need to understand the significance of the healthcare industry. The employees of the company strive hard every day to fulfill the mission of the company by providing millions of families, seniors, and children of the country with access to good quality healthcare products and services. The questions are strategically framed to bring out the major theme of each of the HCS 405 week assignments. For example, decision-making is the process of making sound financial decisions with the aid of your controlling, organizing, and planning results and analysis. It defines the roles for various employees of the company like the financial manager. There is a need for the mangers...
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...Fuzzy Control Kevin M. Passino Department of Electrical Engineering The Ohio State University Stephen Yurkovich Department of Electrical Engineering The Ohio State University An Imprint of Addison-Wesley Longman, Inc. Menlo Park, California • Reading, Massachusetts Don Mills, Ontaria • Sydney • Bonn • Harlow, England • Berkeley, California • Amsterdam • Mexico City ii Assistant Editor: Laura Cheu Editorial Assistant: Royden Tonomura Senior Production Editor: Teri Hyde Marketing Manager: Rob Merino Manufacturing Supervisor: Janet Weaver Art and Design Manager: Kevin Berry Cover Design: Yvo Riezebos (technical drawing by K. Passino) Text Design: Peter Vacek Design Macro Writer: William Erik Baxter Copyeditor: Brian Jones Proofreader: Holly McLean-Aldis Copyright c 1998 Addison Wesley Longman, Inc. All rights reserved. No part of this publication may be reproduced, or stored in a database or retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. Printed simultaneously in Canada. Many of the designations used by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and AddisonWesley was aware of a trademark claim, the designations have been printed in initial caps or in all caps. MATLAB is a registered trademark of The MathWorks...
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...A C L A S S W I T H D R U C K E R This page intentionally left blank A Class with Drucker The Lost Lessons of the World’s Greatest Management Teacher BY WILLIAM A. COHEN, PhD A M E R I C A N NEW YORK I M A N A G E M E N T I A S S O C I A T I O N I AT L A N TA I I B R U S SE L S I CHICAGO I MEXICO CITY I SAN FRANCISCO D. C. S H A N G H A I T O K Y O T O R O N T O W A S H I N G T O N, Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019. Tel: 212-903-8316. Fax: 212903-8083. E-mail: specialsls@amanet.org Website: www.amacombooks.org/go/specialsales To view all AMACOM titles go to: www.amacombooks.org This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Library of Congress Cataloging-in-Publication Data Cohen, William A., 1937– A class with Drucker : the lost lessons of the world’s greatest management teacher by William A. Cohen. p. cm. Includes index. ISBN 978-0-8144-0919-0 1...
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...Seventh Edition Accounting for Decision Making and Control Jerold L. Zimmerman University of Rochester To: Conner, Easton, and Jillian ACCOUNTING FOR DECISION MAKING AND CONTROL, SEVENTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions © 2009, 2006, and 2003. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 3 2 1 0 ISBN MHID 978-0-07-813672-6 0-07-813672-5 Vice President & Editor-in-Chief: Brent Gordon Vice President of EDP: Sesha Bolisetty Editorial Director: Stewart Mattson Sponsoring Editor: Dick Hercher Marketing Manager: Sankha Basu Editorial Coordinator: Rebecca Mann Project Manager: Erin Melloy Design Coordinator: Brenda A. Rolwes Cover Designer: Studio Montage, St. Louis, Missouri Production Supervisor: Sue Culbertson Media Project Manager: Balaji Sundararaman Compositor: MPS Limited, A Macmillan Company...
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...Seventh Edition Accounting for Decision Making and Control Jerold L. Zimmerman University of Rochester To: Conner, Easton, and Jillian ACCOUNTING FOR DECISION MAKING AND CONTROL, SEVENTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions © 2009, 2006, and 2003. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 3 2 1 0 ISBN MHID 978-0-07-813672-6 0-07-813672-5 Vice President & Editor-in-Chief: Brent Gordon Vice President of EDP: Sesha Bolisetty Editorial Director: Stewart Mattson Sponsoring Editor: Dick Hercher Marketing Manager: Sankha Basu Editorial Coordinator: Rebecca Mann Project Manager: Erin Melloy Design Coordinator: Brenda A. Rolwes Cover Designer: Studio Montage, St. Louis, Missouri Production Supervisor: Sue Culbertson Media Project Manager: Balaji Sundararaman Compositor: MPS Limited, A Macmillan Company...
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...TOTAL QUALITY MANAGEMENT AND SIX SIGMA Edited by Tauseef Aized Total Quality Management and Six Sigma http://dx.doi.org/10.5772/2559 Edited by Tauseef Aized Contributors Aleksandar Vujovic, Zdravko Krivokapic, Jelena Jovanovic, Svante Lifvergren, Bo Bergman, Adela-Eliza Dumitrascu, Anisor Nedelcu, Erika Alves dos Santos, Mithat Zeydan, Gülhan Toğa, Johnson Olabode Adeoti, Andrey Kostogryzov, George Nistratov, Andrey Nistratov, Vidoje Moracanin, Ching-Chow Yang, Ayon Chakraborty, Kay Chuan Tan, Graham Cartwright, John Oakland Published by InTech Janeza Trdine 9, 51000 Rijeka, Croatia Copyright © 2012 InTech All chapters are Open Access distributed under the Creative Commons Attribution 3.0 license, which allows users to download, copy and build upon published articles even for commercial purposes, as long as the author and publisher are properly credited, which ensures maximum dissemination and a wider impact of our publications. After this work has been published by InTech, authors have the right to republish it, in whole or part, in any publication of which they are the author, and to make other personal use of the work. Any republication, referencing or personal use of the work must explicitly identify the original source. Notice Statements and opinions expressed in the chapters are these of the individual contributors and not necessarily those of the editors or publisher. No responsibility is accepted for the accuracy of information contained...
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...Educational Psychology: Developing Learners This is a protected document. Please enter your ANGEL username and password. Username: Password: Login Need assistance logging in? Click here! If you experience any technical difficulty or have any technical questions, please contact technical support during the following hours: M-F, 6am-12am MST or Sat-Sun, 7am-12am MST by phone at (800) 800-9776 ext. 7200 or submit a ticket online by visiting http://help.gcu.edu. Doc ID: 1009-0001-191D-0000191E DEVELOPING LEARNERS JEANNE ELLIS ORMROD Professor Emerita, University of Northern Colorado EIGHTH EDITION ISBN 1-256-96292-9 Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City São Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Educational Psychology: Developing Learners, Eighth Edition, by Jeanne Ellis Ormrod. Published by Pearson. Copyright © 2014 by Pearson Education, Inc. Vice President and Editorial Director: Jeffery W. Johnston Vice President and Publisher: Kevin Davis Editorial Assistant: Lauren Carlson Development Editor: Christina Robb Vice President, Director of Marketing: Margaret Waples Marketing Manager: Joanna Sabella Senior Managing Editor: Pamela D. Bennett Project Manager: Kerry Rubadue Senior Operations Supervisor: Matthew Ottenweller Senior Art Director: Diane Lorenzo Text Designer: Candace Rowley Cover Designer:...
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