{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Acct 267 CH 7 Homework

# Acct 267 CH 7 Homework - 0/24 Year \$8,333 12 They would...

This preview shows pages 1–5. Sign up to view the full content.

PROBLEM 7-29 Millbridge Hospital Receivables Aging Schedule Payer 1–30 Days 31–60 Days 61–90 Days >90 Days By Total Dollars \$2,500,000.00 \$1,000,000.00 \$1,500,000.00 \$- \$900,000.00 \$900,000.00 \$900,000.00 \$300,000.00 Insurance \$2,000,000.00 \$2,000,000.00 \$- \$- Self-Pay \$500,000.00 \$500,000.00 \$500,000.00 \$500,000.00 \$5,900,000.00 \$4,400,000.00 \$2,900,000.00 \$800,000.00 By Percent 50% 20% 30% 0% 30% 30% 30% 10% Insurance 50% 50% 0% 0% Self-Pay 25% 25% 25% 25% 38.75% 31.25% 21.25% 8.75% Medicare Medicaid Total Medicare Medicaid Total

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Total \$5,000,000.00 \$3,000,000.00 \$4,000,000.00 \$2,000,000.00 ### 100% 100% 100% 100% 100%
PROBLEM 7-31 Interest at 6% A B C D 6% x C x B Pay 1 1/24 Year \$3,333,333 8333.33

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 0/24 Year \$8,333 12 They would \$100,000 Yes, shift p TIME VALUE OF MONEY APPROACH TO SOLUTION Current Situation: Proposed Approach Current Payroll Cost in PV terms: \$0.00 Proposed Payroll Cost in PV terms: \$0.00 Financial Benefit of Change \$0.00 Each Month Length of Deferral (in years) Amount Deferred ld save \$100000.00 in cash alone. payroll to Monthly. PROBLEM 7-33 C = Carrying Cost Interest Cost Other carrying cost C = Carrying cost per unit O = Ordering Cost N = Cans purchased per year where Q* is the optimal amount to order at one time. Q* = N/Q = CC = OC = TC = CC = OC = TC = Q ON C * = 2...
View Full Document

• Spring '11
• Psomostithis
• Medicaid Insurance Self-Pay, Medicare   Medicaid Insurance, Insurance Self-Pay   Total, Dollars   Medicare   Medicaid, Percent   Medicare   Medicaid

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern