Balance Sheet: Operating Cash at $39,019K (includes short term Investments of $21,451K) decreased from the previous month by $1,289K. Patient cash collections in April were $12.0M and short of the $12.2M target. “Investments at Market” increased by $190K from the previous month. Total Days Cash on Hand decreased by 7.9 days to 196.2 from March’s 204.1. Net AR days increased 0.1 days to 48.3 from March’s 48.2 days. May Projections According to the dashboard and revenue reports as of 5/17, hospital patient revenue is currently 15.1% over budget and is projected to finish the month 11.5% above budget.
Gross Revenue – Gross revenue continued to make positive strides in March with gross revenue $327k in excess of budget. Gross revenue for the Hospital was $302k over budget for the month, with the largest over budget variances in Radiology ($329k), Lab ($111k) and Cardiology at ($70k). The largest under budget variances were in Med Surge ($112k) and Oncology ($85k). The Medical Group’s gross revenue was essentially on budget, with notable over budget variances in NLH Orthopedics ($82k)
The total revenue of any firm is calculated by adding the total sales of good and services in a given period mostly one year as explained by Austin, (2002). According to St Jude children’s Research Hospital’s financial statement for the year ending June 2014, the total revenue totalled to $ 410,148,655. It was achieved by the addition of net patient service revenue ($ 104,014,142), research grants and contracts ($ 93,786,845), net investment income ($ 201,569,845), net assets released from restrictions (0) and other revenues ($ 10,778,398).
The total revenue of any firm is calculated by adding the total sales of good and services in a given period mostly one year as explained by Austin, (2002). According to St Jude children’s Research Hospital’s financial statement for the year ending June 2014, the total revenue totalled to $ 410,148,655. It was achieved by the addition of net patient service revenue ($ 104,014,142), research grants and contracts ($ 93,786,845), net investment income ($ 201,569,845), net assets released from restrictions (0) and other revenues ($ 10,778,398).
A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit
For the medical division we will need all the equipments and drugs to treat/diagnose out patients. Since we have a focus on diagnosing cancer we will need the equipment necessary to run the tests in order to diagnose the disease in a patient. For the education service we will need the material necessary to provide our students with just, clear and reliable content, so they can improve and become more developed. For the micro-finance services, we will need the facilities, personnel and equipments necessary to offer our clients and donors/partners a reliable deal, so that everyone profits from
3. What are each of the financial statements commonly called in for-profit health care organizations and in not for-profit care organizations?
The year 2006 income statement of Garret & Sons Music Company reported net sales of $10 million, cost of goods sold of $6 million, and net income of $1 million. The following table shows the company's comparative balance sheets for 2006 and 2005:
“Our primary concern right now – my primary concern – is the stability of our financial system, the orderliness of the markets, and that’s where our focus is.”3 – Henry Paulson, Secretary of the Treasury
This paper provides the horizontal and vertical analysis of the income statement and the balance sheet. Equally, financial ratios have been computed to show the leverage, liquidity, efficiency, profitability and the equity of the Hewlett Packard enterprises. Recommendations and conclusion have been made on the results depicted by the analysis. Lastly, an evaluation was made on the different ways that stakeholders utilize the financial statements.
1994 Liabilities and Equity Short-term borrowings Accounts payable Progress collections and price adjustments accrued Dividends payable Taxes accrued Other costs and expenses accrued Current liabilities Long-term borrowings Other liabilities Total liabilities Minority interest in equity of consolidated affiliates Preferred stock Common stock Amounts received for stock in excess of par value Retained earnings Deduct common stock held in treasury Total shareowners’ equity Total liabilities and equity $644.9 696.0 1,000.5 72.8 337.2 1,128.1 $3,879.5 1,195.2 518.9 5,593.6 $ 71.2 $ — $465.2 414.5 3,000.5 $3,880.2 (175.9 ) $3,704.3 $9,369.1 $665.2 673.5 718.4 72.7 310.0 1,052.6 $3,492.4 917.2 492.1 4,901.7 50.1 — $463.8 409.5 2,683.6 $3,556.9 (184.5 ) $3,372.4 $8,324.2 $ $120.6 376.2 300.5 58.7 318.3 392.6 $1,566.9 364.1 221.0 2,152.0 41.4 — $455.8 266.9 1,384.5 $2,107.2 — $2,107.0 $4,300.6 1993 1985
Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income, expenses, and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look at these statements to make sure their investment will return a profit for them. This paper will look at four different companies and their balance sheets and income statements. The companies are Eastman Chemical Company, Covenant Transportation
2. At the end of its first year of operations, Matlocke Company has total assets of $2,000,000 and total liabilities of $1,200,000. The owner originally invested $200,000 in the business, but has not made any further investments or taken any withdrawals. What is the first year 's net income for Matlocke Company?
Financial results and conditions vary among companies for a number of reasons. One reason for the variation can be traced to the characteristics of the industries in which companies operate. For example, some industries require large investments in property, plant, and equipment (PP&E), while others require very little. In some industries, the competitive productpricing structure permits companies to earn significant profits per sales dollar, while in other industries the product-pricing structure imposes a much lower profit margin. In most low-margin industries, however, companies often experience a relatively high rate of product throughput. A second reason for some of the
The balance sheet and Income statement are the most important financial statements of the company that help conduct current analysis of company and evaluate its trends overtime. The balance sheet represents the company snapshots of its financial position on the last days of accounting period. Apple balance sheets, which represent a snapshot of its ending balances in asset, liability and equity account as of the date stated on the report, are changes each year from 2003 to 2014. On the other hand, the income statement shows its financial performance over 2003 to 2014. Apple basically ends its accounting period in September. Most of the long-term debts are in the form of the bonds. According to appleinsider.com, Apple recently issues a new euro bond worth about $2.26 billion with a maturity date on January 17, 2024 and coupon rate of 1.375% payable annually. The first payment will occur on January 17, 2016. Moody’s recently assigned a rating of Aa to Apple Inc. 's senior unsecured note issuance. Thus, Apple recent capital expenditure amount to 11,488 million according to morningstar.com. The analysis of financial statements is conduct to compare Apple with one of its closest rival Hewlett-Packard and twelve ratio were calculated. From table1 and chart1, the current ratio that determine the company ability to meet its short term obligation shows Apple’s current ratio is higher than that of Hewlett-Package from 2003 to 2014. That is, Apple is solvent than Hewlett Packard. Table
Balanced scorecard is a set of measures, which give the complete view of any business performance. Kaplan and Norton (1995) explained balanced scorecard in following words: