Chapter 4: Demand Elasticity
Definition: Price elasticity is defined as a percentage change in quantity demanded caused by a
1% change in price.
a. Point Elasticity =
P/P = %
Q / %
b. Arc Elasticity = Q2 - Q1 / P2 - P1
Q1 + Q2
Community Benefit Assessment
Describe the current basis for tax exemption of not-for-profit
Describe the elements of community benefit listed by key
Assess the relative community benefits p
Financial Information and the
Describe the importance of financial
information in health care organizations
Discuss the uses of financial information
List the users of financial information
Define basic methods of payment for health care
Understand the general factors that influence
Define the basic health care pricing formula
Determine if prices are defensible
The Legal and Regulatory
Environment of Health Care
1. Understand how legal and regulatory issues shape
and define good financial management of a health
2. Appreciate the consequences of failing to manage t
Billing and Coding for Health
1. Describe the revenue cycle for health
ECO 5308 Managerial Economics
Semester: FALL 2016 (On-line)
Instructor: S. Hussain Ali Jafri, Ph.D., Professor of Economics
This course surveys the fundamental principles of microeconomics, and illustrates how they
apply to man
Financial Environment of
Health Care Organizations
Questions to answer
What is the basic business structure of a Healthcare
How are HCOs paid?
Types of payment systems
1. Building a new warehouse is an operating activity.
2. The payment of dividends is a financing activity.
3. Daily activities involved in running a business such as buying supplies and paying wages are operating
Explain why a dollar today is worth more
than a dollar in the future.
Define future value and present value.
Explain the difference between an ordinary
annuity and an annuity due.
Calculate the future v
General Principles of Accounting
Consider the differences between
financial and managerial accounting
Discuss the elements of basic accounting
Financial v. Managerial Accounting
What is financial accounting?
- Financial acc
Define a health maintenance organization (HMO)
Describe the four main activities of health plans
List the five types of health plans and their characteristics
Describe the forces that influenced the development o
22 MMRvBeilage 3/1999
Regulation by TSLRIC: Economic Effects on Investment
A number of countries have adopted policies to cause do-
minant network providers to unbundle their networks to
provide network eleme
Economic Impact of
Potential Economic Activity Lost and Gained in
New Jersey and New York
Prepared by the
U.S. Department of Commerce
Economics and Statistics Administration
Office of the Chief Economist
This report was prep
1) Internal control consists of the following five interrelated components:
1-) control environment:
Control environment is a component whose description provides for certain actions, procedures and
policies in an organizational business firm that allows
Module Number: U52038
Module Title: Economics of the
Environment and Development
Semester 1, Year 2009/2010
Module Leader:Dr. Pritam Singh
Room: 3 in 11, College Close
Telephone: 01865 485875
Email: [email protected]
Quick lesson in some
Mathematics used in
Derivatives (Marginal Analysis)
Translating from implicit functions to
X + 2y 4 = 0
Solve for x or y
Given Qd = 150 5P, determine the
Printing out lists of Accounts Receivable and Accounts Payable
In this lesson we will learn how to Print out lists of our Accounts Receivable, and
-Press the Report Centre button, located in the top-middle of your screen, and this will
Recording a Cash Payment to a Supplier
In this lesson we will record the CASH payment; to the supplier we owe money too.
Our supplier is Barney Rubble
We owe him $600 for 20 Nokia Mobile Phones
Select Pay Bills from the Suppliers Menu as shown below.
RECORDING a CASH collection from a CREDIT CUSTOMER
In this lesson, we will record the collection of $90 CASH from the customer Betty
Select Receive Payments from the Customers Menu as shown below;
RECORDING a CREDIT SALE to an EXISTING CUSTOMER
(I.e. Account Receivable)
In this lesson we will record the sale an Item to an existing Customer on credit and then
print out an Invoice (bill) to mail to the customer.
-We will sell 1 Nokia Mobile Phone to
Viewing Financial Statements In QuickBooks
It is now time to see how QuickBooks has recorded all the good work you have done.
In this lesson we will access the Balance Sheet and Profit & Loss statements.
To access reports press the Report Centre button, a
Recording a Cash Sale to an Anonymous Customer
Sometimes you want to record a simple collection of cash from a new walk-in customer
quickly, and you dont want to record their details (name and address).
-We will record the sale of 3 Nokia Mobile Phones to
BUYING an item of stock on CREDIT from a SUPPLIER
Here we will purchase some Inventory, from a supplier, on credit.
The supplier has delivered the Inventory and given us the bill (invoice).
-We will be buying 20 Nokia Mobile Phones from the supplier Barne
CREATING A NEW CUSTOMER
Before you can record any Cash or Credit sales, we will record some customer details, for
our most regular customers.
Here, I will create 2 customers.
Customer 1: Cash Sales
(This will be used as a way of recording on-the-spot Cash
CREATING A SUPPLIER
It is very useful to store the details of a regular supplier of your stock, as this will save us
time recording purchases on credit.
Here we will enter the details of a supplier called;
4/5 Rubble Street
CREATING A STOCK ITEM (to record your Inventory details)
In this lesson we will learn how to enter details for a particular Inventory Item.
The Item is
-Nokia Mobile Phone
Cost Price = $30
Sale Price = $90
-To access the Item list, chose the Lists Menu, a
RECORDING THE INITIAL INVESTMENT BY THE OWNER
Lets imagine Fred Flintstone is investing/giving $50,000 Cash to his business.
In QuickBooks you will need to use particular accounts for this.
The journal entry is going to look like this;