Arizona University Nursing Economics Essay
Description
A.Article Reference In APA current edition formatB.Article Summary and General ThemeApproximately
100- to 200-word description of the articles basic content. A brief
statement about the authors general theme of the article.C.Economic Concepts & PrinciplesWhat were the economic concepts and principles in the study? Are these expressed or implied by the authors?D.Authors BackgroundProvide
the qualifications and backgrounds of the authors. Identify which ones
are nurses (if any) and which are economists (if any). What other
studies have the authors published?E.Point of ViewA
brief statement concerning the authors point of view. Was the
presentation objective and factual or subjective and lacking facts?
Explain your opinion.F.Issue AnalysisList
the issues presented in the article. Were solutions posed for these
issues, or do they remain unsolved (fully or partially)?G.Conclusions and RecommendationsList of authors conclusions and/or recommendationsH.Agreement or DisagreementBased
on the authors conclusions and/or recommendations, do you agree or
disagree? (Be sure to state this explicitly.) Provide a brief
justification regarding your opinion. I.Professional ProjectionsWrite a statement on what you learned from the article.How may these findings be applied (negatively or positively) in your present and/or future professional career?AppendixCopy of journal article(s) (pdf format preferred)Do not insert article into body of paper.Part IIDownload the Excel Workbook file: NURS755 RHSS Financial Statements.Rename the Excel file by adding your last name at the beginning of the file name: LastName NURS755 Financial Statements.Use the file to review and complete the following on the Statement of Operations Tab:Label Column E % Change from Prior Year.Using
spreadsheet formulas, calculate the percentage to two decimal points of
change from prior year to current year for each line item in Column E.Answer the following:What was the percent change to Total Revenue and Total Expenses?Which department had the largest percent increase in expenses?Which department had the largest monetary increase in expenses?
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REGIONAL HEALTH SERVICES – Statement of Operations
In Thousands of Dollars
Revenues
Patient Revenues
Other Operating Revenues
Total Revenues
Current Year
Prior Year
$22,000
$2,000
$24,000
$17,000
$1,400
$18,400
Total Expenses
$11,000
$600
$800
$1,200
$2,200
$1,800
$400
$2,000
$20,000
$9,000
$400
$500
$1,000
$2,000
$1,200
$300
$2,000
$16,400
Increase (Decrease) in Net Assets
$4,000
$2,000
Expenses
Wages for Clinical Services
Patient Care Supplies & Food
Housekeeping Services
Operation & Maintenance of Plant
Administrative Services
Depreciation & Amortization
Bad Debt Expense
Interest
REGIONAL HEALTH SERVICES = Statement of Cash Flows
In Thousands of Dollars
Cash Flows from Operating Activities
Collections from Patients & Third-Party Payers
Collections from Other Operating Activities
Payments to Suppliers
Interest Payments
Payments to Employees
Net Cash from Operating Activities
Current Year
Prior Year
$21,000
$2,000
($1,700)
($2,000)
($15,100)
$4,200
$16,000
$1,400
($800)
($2,000)
($12,500)
$2,100
Purchase New Equipment
Purchase Marketable Securities
Increase in Sinking Fund
Net Cash from Investing Activities
($3,000)
($200)
($200)
($3,400)
$0
$0
($200)
($200)
Payments of Mortgage Principal
New Mortgage
Net Cash Used for Financing Activities
($2,000)
$1,200
($800)
($1,800)
$0
($1,800)
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Net Increase (Decrease) in Cash
Cash, Beginning of Year
Cash, End of Year
$0
$500
$500
$100
$400
$500
REGIONAL HEALTH SERVICES – Statement of Financial Position
In Thousands of Dollars
ASSETS
Current
Cash
Marketable Securities
Accounts Receivable
Less Bad Debt
Inventory
Prepaid Assets
Total Current Assets
Current Year
Prior Year
$500
$400
$3,400
($400)
$1,000
$100
$5,000
$500
$200
$2,300
($300)
$500
$100
$3,300
$43,000
$17,800
$25,200
$1,800
$300
$27,300
$40,000
$16,000
$24,000
$1,600
$300
$25,900
$32,300
$29,200
$700
$700
$500
$300
$100
$2,300
$500
$1,000
$500
$300
$100
$2,400
$4,200
$20,000
$24,200
$5,000
$20,000
$25,000
$5,800
$5,800
$1,800
$1,800
$32,300
$29,200
Fixed
Property, Plant, and Equipment
Less Accumulated Depreciation
Net Property, Plant, and Equipment
Sinking Fund
Investments
Total Fixed Assets
Total Assets
EQUITIES
Current Liabilities
Wages Payable
Accounts Payable
Notes Payable
Deferred Revenue
Taxes Payable
Total Current Liabilities
Long-Term Liabilities
Mortgage Payable
Bonds Payable
Total Long-Term Liabilities
Net Assets
Unrestricted Net Assets
Total Net Assets
Total Equities
Show Current Year Data
Calculations
Show Prior Year Data
Calculations
Current Year
Result
Prior Year
Result
Highlight in RED your choice of the underlined items (see example), and/or fill in
the underlined space with the missing information.
Problem
Formula
1. Common Size Cash Ratio
Cash ÷ Total Assets
500/32000=
500/29200=
1.56%
In this example, RHS appears to have a stable/unstable cash to total assets ratio.
1.71% However additional years would be need to be compared.
2. Current Liabilities Ratio
Current Liabilities ÷ Total Equities
2300/32300=
2400/29200=
0.07%
0.08%
3. Current Ratio
Current Assets ÷ Current Liabilities
5000/2300=
3300/2400=
2.17%
The current ratio increased, which means RHS has $__0.87___ of its current assets
1.30% for every $1 of current liabilities.
4. Plant Age in Years
Accumulated Depreciation ÷ Annual Depreciation
17800/1800=
16000/1200=
9.80%
5. Revenue to Assets Ratio
Total Revenue ÷ Total Assets
24000/32000=
16400/29200=
0.75%
6. Profit Margin
Change in Net Assets ÷ Total Revenues x 100
4000/24000×100=
2000/18400×100=
16.60%
13.30% The plant age increased/decreased.
0.63%
Due to changes in the Profit Margin, RHS appears to be a healthy/unhealthy
10.80% organization.
BONUS: The change in plant age was due to _total resources __________________
and __total assets__________________.
DIRECTIONS
1. Use the data in this workbook and the formula in Column B to calculate the results.
2. Enter the data used per the formula in Column C & D (see example on Line 4).
3. Calculate Column E & F using spreadsheet formulas.
4. Line 4 (#1 Common Size Cash) is completed as an example; click on Cells E4 & F4 to display spreadsheet formulas used in calculation.
5. Note that Excel uses / for ÷ in math operations.
6. Format Cells E4 & F4 to display as percentages to two decimal points.
7. Under the File Menu, Save this Excel Workbook with your last name first in the file name.
Purchase answer to see full
attachment
Explanation & Answer:
200 words
Tags:
nursing
Authors
economists
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