HIT 2202 Budget Management Lab The HIM department has contracted with an agency to scan paper records into the new EHR system. The budget for this project is $500,000.00 dollars to be spread over the next three years. The cost of scanning is $0.10 per page, and the estimate is that there are approximately 5 million pages to be scanned. At the end of the first year you receive a bill from scanning company and see that you have been billed for scanning 2,500,000 pages. 1. Determine what the budget variance/difference will be. The budget this project is $500,000.00 dollars and it should be spread over three years. The cost of scanning is $0.10 per page and the estimate is that there are approximately 5 million pages to be scanned. The first
The company should consider ethical aspects of the changes in original budget and actual sales/amount. The main reason behind it is the variances in materials, labor, and overhead. In addition to this, the firm should evaluate the actual variance in the materials, labor, and overhead and after that change in budgets in order to maintain business ethics and to reduce improper changes in budget that is unethical aspect of the business (Delaney & Whittington, 2012).
Used for converting documents to electronic files, scanners are a useful way of reducing paper-based filing.
1. In case, Rapid increases print volumes by 25% - end of year software charge is calculated at $2,000/month, or $24,000 for the year (Scott’s original price for this version of the software solution)
The budgets process could help to spread resoursces that increase the skill to get best outcome.
is advanced scanners, that can trace ink pattern and whats in side of mail without even opening
Budgets and Planning. To begin with, the program, like the organization, fosters an open and collaborative environment for the process to take place. In this regard, it is, therefore, impossible for any one space or environment to be able to accommodate every conceivable project or application that is “thought up”. Therefore, certain perimeters and guidelines need to be established to assess costs with the program and help determine a course of action in future planning. As we are discussing costs, we assume there is a
Scanners: They are used to convert a document or image into an electronic file that can be used and stored on a computer, Sometime scanners are part of a printer but usually scanners that are the most efficient are small scanners that can be attached to a computer through an USB cable they can scan single sided or double sided documents very fast. They can scan in colour or in black and white. Scanners are essential when a company needs to keep hard copy of their files in law firm in a medical environment or in an accountancy department.
The goal is to generate an income of $40,000 per year, starting sometime in the second year of operation, as wells as profit that is at least 2% of sales.
Costs associated but not limited to pens, binders, paper, ink, cartridges, toner, envelopes, folder etc.
In my first paragraph I will explain my budget project. I will explain my budget finances. I will explain my career choices, and how I plan to live. In my second paragraph explain what I found about a min wage job. I’m going to explain how a min wage job impact my life plan and life. The paragraph it going to be my conclusion and my wrap up paragraph. I will explain how a min wage job don’t pay as much as a career. I will explain how much a min wage job get paid an hour. I will explain what I want as my career. I will compare and contrast a min wage and a career.
Cost: $329.99 per user, however, a 50% discount is given when organisations purchase 20 copies or more.
Customers must use the internet to fill out an online form to address their complaints or service needs. These forms are processed by employees in your department. Currently the turnaround time on any given form is between four to eight hours. This creates a number of other customer complaints. Project Call Center is designed to reduce this turnaround time by 75% by creating and staffing a call center in Tampa. Building acquisition, building renovations, building fit out, IT system upgrades, and hiring and training of staff are estimated to cost $8.5 million dollars. This $8.5 million dollars can be paid evenly in any two quarters in the next year. In addition, seven new employees will need to be hired at $40,000 burdened labor costs per year to staff the call center. Management of this project could easily be done with the current in-house staff. Most of the work of this project would be outsourced and will have minimal impact on day-to-operations.
- The U.S. Government Printing Office is using today Adobe Acrobat software , it has saved 20 tons of paper and 1 million dollars over the past five years.
masters were prepared directly on the computer printer, and turnaround time was less than a day. The recipient of all these updated pages has an assimilation problem, however. When he
(This measurement was an overall company wide cost savings in all departments.) Another $1 million was saved in labor costs as a result of using electronic forms for the 401k plans, employee stock purchase plan, and the stock options plan. To implement the plan a total of twelve servers were used (hardware cost being about $300,000). Developmental cost over two years was approximately $8 million. Ongoing technology support runs $765,000 annually. By demonstrating this in his book he proves that by implementing a paperless society the cost effectiveness out weights the initial cost of establishing the paperless office.