...accounting for approximately $1.5 trillion in revenue, health care is the single largest industry in the U.S. today.” (University of Phoenix, 2015). However, it is a vulnerable industry. The facility we are looking at is in New York, where the third highest losses in the country occur because of numerous problems dealing with Medicare and Medicaid reimbursements, cuts in funding, and pressures for discounted managed care, amongst others. The facility is called Elijah Heart Center (EHC). First we looked at the capital shortage because in an emergency, the hospital might not have enough cash to sustain itself. The challenge was to decide on the best strategy to solve the cash flow problem. The first think I thought of was how to make the needed cuts without sacrificing employees and their morale. Without your employees, you’ve got nothing. So, I looked at other options that wouldn’t sacrifice the team. The first one that came to mind was Reducing Agency Contracted Staff. They come at about double the price as the regular facility employees, there are fees that have to be paid to the staffing agencies they come from, and honestly, they won’t have the same level of commitment to your facility as your regular employees. Conveniently, this was a huge cost savings. Secondly, I chose to Change the Skill Mix. What this does is give the nurses a break from tasks that others can do. This allows the nurses to do tasks that only they can do. Others can move patients around, assist in bathing, assist...
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...Chapter 18 Case Study Page 758 As an alternative to the borrow-and-buy plan, the equipment manufacturer informed Lewis that Consolidated Leasing would be willing to write a 4-year guideline lease on the equipment, including maintenance, for payments of $260,000 at the beginning of each year. Lewis’s marginal federal-plus-state tax rate is %401. You have been asked to analyze the lease-versus-purchase decision and, in the process, to answer the following questions. a. (1) Who are the two parties to lease a transaction? Lease transactions involve two parties: the lessor, who owns the property and the lessee, who obtains the property (2) What are the five primary types of leases, and what are their characteristics? Operating Leases- provide for both financing and maintenance Capital Leases- Do Not provide for maintenance, Are Not cancellable, and are fully amortized. Sale-and –Lease back Arrangement- Do Not provide for maintenance, Are not cancellable, and are fully amortized. The item being leased is used. Combination Leases- has characteristics like Operating and Capitol leases but also contains a cancellation clause. Synthetic Leases – Keeps debt off of the company balance sheet. Is not amortized. Short term and brought from a 3rd party. (3) How are leases classified for tax purposes? Provided that the IRS agrees that a particular contract is a genuine lease and not simply a loan called a lease. Must be a guideline lease. (4) What effects does leasing have on...
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...Assignment 5: Marketing Strategies MKT 500 – Marketing Management 1. Write an executive summary of your marketing plan. The marketing plan consists of 5C’s, STP and 4P’s. I will elaborate on these points. The 5C’s Consumers: Our customers consist of low to middle income group. Our refurbished products have the most appeal to this group. Because these groups are price sensitive to expensive products such expensive brand new computers, laptops and printers. Company: Our company name is “Silicon Trading.” We trade in the refurbished industry of personal computers and all other I.T. related products. This industry is unique because not only do we sell I.T. products but our service that goes along with our product is critical to sales and retaining customers. Context: Currently there are few competitors in the market right now. However, we expect that in the next ten years competition will increase a lot. Profit margins will get smaller and smaller. Therefore, we at Silicon Trading will concentrate on the regional export market. Because exporting our products in volume has the potential for high profits. If we can establish a first movers advantage in the refurbished export market. Then it will be difficult for our competitors to enter this market because it takes a lot of time to establish close relationships with business partners in export markets. Collaborators: Besides selling our products to individual customers. We also sell to small organizations/businesses as well...
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...levels of employee and patient dissatisfaction.” During the simulation review phase I the cost cutting options I chose to cut was reducing agency, and changing the skill mix. The outcome of my choice was that it would slightly affect patient care, and it would generate a savings of $3,515,135. When I originally reviewed the choices I was going to choose reducing agencies, and changing benefits. I learned from that choice I would have made the employees not feel secure in their positions. After reviewing that I think I would still maybe make employees pay more of a percentage into their benefits depending on what they already contribute. I also relies when going through the hiring process people are not only looking at the salary’s offered they are also looking at the benefits offered by the company so that may deter new hires if the percentage they contribute is too high. For the second question of phase I the loan option I selected was option 1. The outcome of my choice is the total interest paid out is $11,813 and the saved is $66,073, during the first quarter the hospital will save $811,249. During phase II the selections I chose was to purchase a refurbished high speed CT scanner, to have a capital lease on an X-ray machine, and a operating lease on an ultrasound machine. “When it comes to acquiring the medical equipment and supplies you need to run your practice, is it best to buy or lease? It’s an important decision for...
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... Sinclair Company is considering the purchase of new equipment to perform operations currently being performed on different, less efficient equipment. The purchase price is $250,000, delivered installed. Sinclair production engineer estimates that the new equipment will produce savings of $72,000 in labor and other direct costs annually, as compared with the present equipment. She estimates the proposed equipment's economic life at five years, with zero salvage value. The present equipment is in good working order and will last, physically, for at least five more years. The company can borrow money at 9 percent, although it would not plan to negotiate a loan specifically for the purchase of this equipment. The company requires a return of at least 15 percent before taxes on an investment of this type. Taxes are to be disregarded. Main Problem: Should we replace existing equipment with more efficient, newer equipment? Brief Action Plan: I. Rate of return (cost saving - depreciation/ Initial investment) = 72, 000 - 50,000* 22,000 8.8 % = = 250,000 250,000 *250,000/5 years= $50,000 per year Although numbers are just a guide to the overall impact, considering the purchase of new equipment to perform operations currently being performed under less efficient equipment would belly a rate of return of 8.8 % which is below...
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...F. (4:00-5:00 PM) I. Profile of the Proprietor Name : Felomina E. Cana_______ Address : Car-Car City___________ Form of Business Organization : Sole Proprietorship_____ Kind of Business : Carenderia (Esine’s Store) No. of Years Operation : 18 Years______________ II. Interview Proper (Construct at least 8 questions) 1. What motivates you when you established this kind of business? * The things that motivates me is my dream because during my childhood I was dreaming to become a Chief, but it did not happen so I rather plan to established this business for me to reach a little bit my dream. My family also motivates me with this because I want to give their daily needs. 2. Having a motivation did help you in managing your business? * Yes, it helps me a lot. They are my strength and courage to wake up early just to cook the foods, and for me to get profit. 3. Did you follow the right process in establishing this Business just like getting a Business Permit which one of the main requirements? * Yes, I did. (Evidence is the Picture in Interviewers documentations) 4. Where did you get your capital in establishing this business and if it is owed, how much is the interest? * I got it from owing “Turko”, and our contract said that the interest is 20%. 5. Did you buy new equipment that you think that can be made your work easy and fast? * Not at all, because all of my equipment that I used right now is the equipment that I used from the start...
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...Contents Mission statement Page 1 Business profile Page 1 Aims and objectives Page 1 unique selling point Page 2 Basic specification of the Jacket Page 2 Production and selling process Page 2 Pricing page 2 Vision page 3 Equipment page 4 Payment to creditors page 4 Physical resources page 5 Location page 6 Accountancy page 7 Marketing page 8 Swot analysis page 8 Business Name: Flames LTD Presented By: Daniel Bunting Contact Details: Date: 23/2/2011 Asking for a sum of £12,000 Mission statement To warm the cold people of the world. An innovative jacket called Flames. SECTION 1: THE BUSINESS PROFILE Form of ownership The form of ownership that Flames will be a partnership. The reason for this is because there are initially, four of us in this business and we are all investing the same amount of time in the business. A partnership of this type is easy and quick to set up. We are also investing the same amount of money and time in the business. I also want to be part of a partnership because partnerships generally have lower taxation rates, because they don't get taxed on profits. Also as a partnership we are able to raise more and faster finance. Flames will also lend itself for partnership as we have all the skills between the proposed partners that we need. There are also many disadvantages of being a partnership as Business Partners are jointly and individually liable for the actions of the other partners. We aim to get over this...
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...Hockey has become a more expensive sport to play over the last years, and families can barely afford to keep their children in hockey anymore. People wonder why this is but there is a logical reason behind it. New technologies to improve the equipment have been invented, inflation on other things such as utilities, gas, food and salaries is the main reason for this problem. It has come to the point that families discourage their children to play ice hockey in favor of other, cheaper, sports. To buy new skates, a family is looking to invest between $500.00-$950.00 dollars, depending on the quality. Other popular sports that competes with hockey for practitioners have an massive advantage by being so much cheaper. This is a massive problem, and it has led to talented youngsters having to quit the sport they love because of their family’s financial situation. By doing research and comparing different options there might be a solution to...
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...Methods 3 Which 802.11 specification is best for your specific needs? 3 Should we get a router that works at 2.4 GHz, 5 GHz, or both? 3 What security level is best for your business? 4 What speed router should be considered? 4 What else should our router(s) have for current or future considerations? 4 What would happen if something were to go down? 5 How many UPS-powered outlets do we need? 5 How much power do our devices require? 5 How long do we need to use the battery? 5 How many feet of Ethernet cabling do we need? 5 Results 7 Conclusions 8 Decision Matrix 10 Recommendation 11 Assumptions 13 Installation 15 Equipment Parts List 16 Works Cited 17 List of Illustrations Figure 1: Picture of Linksys EA6900 (Linksys Employee, 2014) 7 Figure 2: Picture of ASUS RT-AC66U (Endgadget Employee, 2014) 7 Figure 3: Picture of Trendnet TEW-812DRU (Softpedia Employee, 2014) 7 Figure 4: Decision Matrix 8 Figure 5: High Level Parts Diagram 10 Table 1: Detailed parts list (Bacon, 2014) 10 Executive Summary This report was developed to summarize the newer, better, and more secure wireless network that you need at your bookstore/ café. As you requested I have put together a report for this which covers all the necessary information to move forward with your new system. In my research I have developed a plan to implement your new wireless system. * Separate café, bookstore, and customer connection points...
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...11 Project risk management Planning for the unknown Gee whiz, Bobby! What if these ropes break? Don’t worry, Sally! I took care of it with risk planning. You can swing away without a care in the world! Even the most carefully planned project can run into trouble. No matter how well you plan, your project can always run into unexpected problems. Team members get sick or quit, resources that you were depending on turn out to be unavailable—even the weather can throw you for a loop. So does that mean that you’re helpless against unknown problems? No! You can use risk planning to identify potential problems that could cause trouble for your project, analyze how likely they’ll be to occur, take action to prevent the risks you can avoid, and minimize the ones that you can’t. this is a new chapter 543 risks might occur What’s a risk? There are no guarantees on any project! Even the simplest activity can run into unexpected problems. Any time there’s anything that might occur on your project and change the outcome of a project activity, we call that a risk. A risk can be an event (like a fire), or it can be a condition (like an important part being unavailable). Either way, it’s something that may or may not happen... but if it does, then it will force you to change the way you and your team will work on the project. If your project requires that you stand on the edge of a cliff, then there’s a risk that you could fall. If it’s very windy out or the ground is...
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... HIGH INVOLVEMENT: EXERCISE EQUIPMENT (Weider) LOW INVOLVEMENT: CARBONATED SOFT DRINKS Trident University International Keith Broomfield Dr. Jonathan Freeman HIGH INVOLVEMENT- High involvement purchases are those which are important to consumers such as complex, expensive, risky or ego-intensive products & require extensive information processing. For this reason I chose Weider workout equipment. I’ve been building my own gym now for about 2 years and I would like to think I had a pretty good selection of workout equipment. I chose Weider because every time I step into a gym the majority of weight and weight equipment I see is Weider. Apparently they make a pretty good product. Academy and Pre-owned Fitness equipment are the 2 places I go to purchase the free weights and dumbbells that I have. To me it is a very big decision making process, I say that because I try to get dumbbells every 2 sizes up from where I am lifting to that point. Currently I’m up to the 110lbs dumbbells. I use the dumbbells for a number of exercises like dumbbell press, Arnolds, shoulder press, flys, rows, etc. I also have around 500lbs in plates form the...
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...Case Study Jackson Automotive Systems Executive Summary Jackson Automotive Systems is an Original Equipment Manufacturer (OEM) that supplies parts for the automobile industry. Jackson Automotive Systems is currently operated by the president, Larry Edwards, and was founded in 1961 by Larry Edward’s father. Jackson Automotive Systems has been operated largely as a cash only business with very little if any debt outstanding typically. The 2008 financial crisis was a difficult time for all participants of the automobile industry. Jackson Automotive System’s reluctance to carry debt coupled with a strong working capital position and a conservative financial policy helped bring the company through the financial crisis. After the financial crisis a group of unhappy stockholders arose and Mr. Edwards chose to repurchase their stock in 2012. To finance the stock repurchase Mr. Edwards used $5 million of cash on hand and secured a $5 short-term loan from a local bank. It is now June of 2013 and the balance of the loan is due at the end of the month. Wanting to purchase new equipment with a cost of $2.4 million Mr. Edwards has approached the bank for an extension on the original $5 million loan as well as the additional $2.4 million equipment loan with a new maturity date on the total of $7.4 million of September 30, 2013. Introduction Mr. Edwards has exhausted his cash reserves and gone in debt following the 2008 financial crisis in order to repurchase stock from an unhappy...
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...settlement or reject it thus the settlement is income to the client and not the lawyer. (http://www.irs.gov/pub/irs-irbs/irb05-15.pdf) I do not know the proper way to treat this amount of money. According to the articles I have read, it is not income but other articles say it is. I have been looking the entire website and am more confuse now than when I started. b. How is the $25,000 treated for purposes of Federal tax income? The $25,000 that were for expenses will have to be claimed on the tax return as income since they were previous deducted as a business expense and are now be recovered. c. What is your determination regarding reducing the taxable amount of income for both (a) and (b) above? I have no idea on how to reduce this income. 2. Jane Smith tax issues: a. What are the different tax consequences between paying down the mortgage (debt) and assuming a new mortgage (debt) for Federal income tax purposes? The tax consequences for the above question are as follows: if the mortgage is paid off there is no deduction for the mortgage interest on the individual tax return and it would take a while before the interest was of an amount that would help on the itemized deduction if a new mortgage was assumed. There also maybe penalties for paying the mortgage off early. b. Can John and Jane Smith utilize a 1031 tax exchange to buy a more expensive house using additional money from John’s case? No, they cannot use...
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...request that further research be done to find a way to best accommodate our monetary and technological needs. The report will go over several key factors in deciding whether to buy outright or lease our new equipment. I feel this report is as thorough and accurate as I could make it without bias to manufacturer or options. It was a pleasure doing the research into this issue because not only was the information compiled useful in selecting an option, it was educational to me also. I have placed my conclusions and recommendations at the end of the paper for your review. I look forward to hearing from you and how this report has impacted H.D. Heavy Industries transition to a modern age. Please contact me if you have any additional questions or concerns at my office: 678-555-7268 Extension 223. Cordially, Jonah Colombo SUMMARY Our company, H.D. Heavy Industries, is in need of modernizing its communications network and technology. To this end H.D.H.I has asked me to put together a virtual side by side comparison of the options we have before us. Our allocated budget for this project is $650,000 and we need to find out if buying or leasing new equipment will help meet our goal in terms of upgrading and under budget. Conclusively the information gathered has shown that leasing new equipment will bring our communications modernization to fruition. Corporate leasing agreements...
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...work on your behalf for tax preparation this year. Per our previous discussion, I have prepared this memo as a preliminary work on this year’s tax strategy. The three main sections are constructed according to inquiries made by each of you individually and, then, to conclude on the options available for you both and my recommendation. 1. John Smith tax issues a) The $300,000 of attorney’s fee should be included in gross income and subject to federal and state tax. The Internal Revenue Code Section 61 (IRC 61, 26 U.S.C. § 61) defines gross income as all income from whatever source derived. Section 61 also lists examples of items that are taxable under the Code, which includes "Compensation for services, including fees, commissions, fringe benefits, and similar items"1. The $300,000 belongs to this income category. Since you’ve been working on the case for over two years, you can split the $300,000 and allocate them into the years you’ve been actually working on the case. By doing that, you can lower your annual gross income, and you may be able to put yourself in a lower tax rate bracket. b) The $25,000 is paid upfront by your client to cover the expenses. Although the payment is to cover your business expense, it should still be considered as a type of compensation for your services. The $25,000 should be added to gross income. However, same as the service fee $300,000, you should be able to allocate them into the years you’ve been working on the case. Meanwhile...
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