ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
18th Edition
ISBN: 9781260949766
Author: RECK
Publisher: MCG
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Chapter 17, Problem 19EP
To determine
Prepare statement of net cost for RA Agency for the year ended September 30, 2020.
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Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own
homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping.
Data on revenue and expenses for the past year follow:
Revenues
Variable expenses
Contribution margin
Fixed expenses:
Depreciation
Liability insurance
Program administrators' salaries
General administrative overhead*
Total fixed expenses
Net operating income (loss)
Req 1A
*Allocated on the basis of program revenues.
The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $46,000 to
be unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program.
Complete this question by entering your answers in the tabs below.
Reg 1A
The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment…
Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes-home
nursing, Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow:
Revenues
Variable expenses
Contribution margin
Fixed expenses:
Depreciation
Liability insurance
Program administrators' salaries
General administrative overhead
Total fixed expenses
Net operating income (loss)
"Allocated on the basis of program revenues.
Meals on
Wheels
$ 408,000
Total
$925,000
Home Nursing
$ 264,000
473,000
117,000
452,000
147,000
203,000
205,000
Housekeeping
$ 253,000
153,000
100,000
69,700
9,000
40,300
20,400
43,700
20,300
8,000
15,400
115,400
40,500
38,300
36,600
185,000
52,800
81,600
50,600
413,800
122,600
168,200
123,000
$ 38,200
$ 24,400
$ 36,800
$ (23,000)
The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program.
The depreciation in housekeeping is for a small van used to…
Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own
homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping.
Data on revenue and expenses for the past year follow:
Revenues
Variable expenses
Contribution margin
Fixed expenses:
Depreciation
Liability insurance.
Program administrators' salaries.
General administrative overhead*
Total fixed expenses
Net operating income (loss)
Total
$ 923,000
474,000
449,000
69,300
43,100
114,100
184, 600
411,100
$ 37,900
Req 1A
Home Nursing
$ 265,000
119,000
146,000
Req 1B
8,200
20,600
40,300
53,000
122, 100
$ 23,900
*Allocated on the basis of program revenues.
The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $37,900 to
be unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program.
Req 2A
The…
Chapter 17 Solutions
ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
Ch. 17 - Prob. 1QCh. 17 - Prob. 2QCh. 17 - Prob. 3QCh. 17 - Prob. 4QCh. 17 - Prob. 5QCh. 17 - Prob. 6QCh. 17 - The federal government uses two groups of funds....Ch. 17 - Prob. 8QCh. 17 - Prob. 9QCh. 17 - Prob. 10Q
Ch. 17 - Prob. 12CCh. 17 - Prob. 13CCh. 17 - Access the most recent Financial Report of the...Ch. 17 - Prob. 15.1EPCh. 17 - Prob. 15.2EPCh. 17 - Prob. 15.3EPCh. 17 - Prob. 15.4EPCh. 17 - Prob. 15.5EPCh. 17 - Prob. 15.6EPCh. 17 - Which of the following is a correct mathematical...Ch. 17 - Which of the following is not a component of a...Ch. 17 - Fund Balance with the Treasury would be considered...Ch. 17 - Prob. 15.10EPCh. 17 - Which of the following federal funds is most...Ch. 17 - Following is a list of a number of accounts used...Ch. 17 - One amount is missing in the following trial...Ch. 17 - Use the data from Problem 1717 for this...Ch. 17 - Prob. 19EPCh. 17 - Prob. 20EPCh. 17 - Congress authorized the Flood Control Commission...Ch. 17 - Prob. 22EP
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- Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance. Program administrators' salaries General administrative overhead* Total fixed expenses Net operating income (loss) Total $ 924,000 469,000 455,000 70,500 43,500 114,100 184,800 412,900 $ 42,100 Home Nursing $ 264,000 119,000 145,000 8,900 20,300 40,200 52,800 122, 200 $ 22,800 Meals On Wheels $ 409,000 194,000 215,000 40,800 7,300 38,800 81,800 168, 700 House- keeping $ 251,000 156,000 95,000 20,800 15,900 35,100 50,200 122,000 $ 46,300 $ (27,000) *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last…arrow_forwardJackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead* Total fixed expenses Net operating income (loss) Req 1A Total $ 930,000 481,000 449,000 Req 1B 69,800 42,700 Req 2A 113,800 186,000 412,300 $ 36,700 Req 2B Home Nursing $ 266,000 120,000 146,000 Complete this question by entering your answers in the tabs below. 8,500 20,300 40,100 53,200 122, 100 $ 23,900 Req 1A *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $36,700 to be unsatisfactory; therefore, she…arrow_forwardJackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead* Total fixed expenses Net operating income (loss) Total $ 900,000 490,000 410,000 68,000 42,000 115,000 180,000 405,000 $ 5,000 Req 1A Home Nursing $ 260,000 120,000 140,000 Req 1B Req 2A Meals On Wheels $ 400,000 210,000 190,000 *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $5,000 to be unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program. Required:…arrow_forward
- Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes-home nursing, Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead* Total fixed expenses Net operating income (loss) Home Total Nursing $ 929,000 $ 270,000 471,000 112,000 458,000 158,000 69,800 44,000 8,900 20,800 115,800 40,800 185,800 54,000 415,400 124,500 $ 42,600 $ 33,500 Required 1A Required 1B *Allocated on basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program. The depreciation in housekeeping is for a small van used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization.…arrow_forwardDuring its current fiscal year, Evanston General Hospital, a not-for-profit health care organization, had the following revenue-related transactions (amounts summarized for the year). Services provided to inpatients and outpatients amounted to $9,600,000, of which $450,000 was for charity care; $928,000 was paid by uninsured patients; and $8,222,000 was billed to Medicare, Medicaid, and insurance companies. Donated pharmaceuticals and medical supplies valued at $265,000 were received and utilized as general expenses. Medicare, Medicaid, and third-party payors (insurance companies) approved and paid $5,365,000 of the $8,222,000 billed by the hospital during the year (see transaction 1). An unconditional contributionPage 687 of $5,000,000 was received in cash from a donor to construct a new facility for care of Alzheimer’s patients. The full amount is expendable for that purpose. No activity occurred on this project during the current year. A total of $965,000 was received from…arrow_forwardNational SavingsBank (NSB) is examining the profitability of its PremierAccount, a combined savings and checking account.NSB recently conducted an activity-based costing study of its services. It assessed the following costs for six individual services. The use of these services in2017 by three customers is as follows:Assume Lindenand Gonzalez always maintain a balance above $1,000, whereas Whitner always has a balance below $1,000. Depositors receive a 2% annual interest rate on their average deposit. NSB earns an interest rate spread of 3% (the difference between the rate at which it lends money and the rate it pays depositors) by lending money for home-loan purposes at 5%. Thus, NSB would gain $60 on the interest spread if a depositor had an average Premier Account balance of $2,000 in 2017 ($2,000 x 3% = $60). The Premier Account allows depositors unlimited use of services such as deposits, withdrawals, checking accounts, and foreign currency drafts.…arrow_forward
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- Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes—home nursing, Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow: Total Home Nursing Meals on Wheels Housekeeping Revenues $ 925,000 $ 266,000 $ 409,000 $ 250,000 Variable expenses 472,000 116,000 203,000 153,000 Contribution margin 453,000 150,000 206,000 97,000 Fixed expenses: Depreciation 70,500 8,900 40,900 20,700 Liability insurance 43,900 20,600 7,700 15,600 Program administrators’ salaries 115,500 40,200 38,600 36,700 General administrative overhead* 185,000 53,200 81,800 50,000 Total fixed expenses 414,900 122,900 169,000 123,000 Net operating income (loss) $ 38,100 $ 27,100 $ 37,000 $ (26,000) *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program. The depreciation in…arrow_forwardVIP-MD is a health maintenance organization (HMO) located in North Carolina. Unlike the traditional fee-for-service model that determines the payment according to the actual services used or costs incurred, VIP-MD receives a fixed, prepaid amount from subscribers. The per member, per month rate (PMPM) is determined by estimating the health care cost per enrollee within a geographic location. The average health care coverage in North Carolina costs $376 per month, which is the same amount irrespective of the subscriber’s age. Because individuals are demanding quality care at reasonable rates, VIP-MD must contain its costs to remain competitive. A major competitor, National Physicians, entered the North Carolina market early in the current year with a monthly premium of $333. VIP-MD wants to maintain its current market penetration and hopes to increase its enrollees in the current year. The latest data on the number of enrollees and the associated costs follow: Age Enrollment in…arrow_forwardA local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units: Activities Traceable Costs Driver Units Open new accounts $30,000| 1,000 accounts Process deposits 26,000 400,000 deposits Process withdrawals 10,000 200,000 withdrawals Process loan applications 36,000| 900 applications| The following activities are used by the Downtown branch and the East branch: Downtown East New accounts 200 400 Deposits 40,000 15,000 20,000 18,000 Withdrawals Loan applications 100 160 How much of the loan application cost will be assigned to the Downtown branch? O $ 6,400 $10,400 $3,000 O $4,000arrow_forward
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