The following information is extracted from Gamma Hospitals financial records. Compute the number of days revenue in

Question:

The following information is extracted from Gamma Hospital’s financial records. Compute the number of days’ revenue in patient accounts receivable.

Patient accounts receivable, net....... $ 14,710,000

Patient service revenue, gross ........97,478,000

Provision for contractual adjustments ....12,609,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

See More Books

Question Posted: Dec 30, 2014 04:58 AM

See More Questions

The following information is extracted from the bank statement and the accounting records of the Sun Corporation for the month of July 2007: 1. Cash balance from books, July 31 .......... $1,967.35...
The following information is extracted from Tara Corporations accounting records: May 1 Received a $6,000, 12%, 90-day note from V. Leigh, a customer. 6 Received a $9,000, 10%, 120-day note from C....
The following information is extracted from the shareholders' equity section of the balance sheet of Gibson Clothing Inc. at December 31, 2016: Preferred shares, stated value $10, non-cumulative...
My division had another great year last year. We all worked hard, and the results were there. But again we got no reward for our hard work. It's very frustrating. - Division Manager, General Products...
Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for formulas. You have $8,000 that you plan to invest in a compound interest bearing...
When Norton was hired in 1978, he signed an "Employment Agreement" that his employment could be terminated at any time. Several years later, his employer issued a "Work Rule Policy and Handbook" that...
Consider the regression model developed for the National Football League data in Problem 3.1. Data From Problem 3.1 Consider the National Football League data in Table B.1. a. Calculate the PRESS...
Identify types of organizations that may need to evaluate strategy more frequently than others. Justify your choices.
For each entry below make a correcting entry if necessary. If the entry given is correct, then state "No entry required". (Credit account titles are automatically indented when the amount is entered....
In the relation u = mcv T, what is the correct unit of cv kJ/kg C or kJ/kg K?
The following information is extracted from Beta Hospitals financial statements. Compute Betas operating margin, total margin, debt service coverage, and times interestearned. Net patient service...
A voluntary health and welfare organization obtains contributions to perform various social ser-vices. The following information is extracted from its statement of activities. Compute the...
Go to the IRS Web site, www.irs.gov and, under "Learn About IRS," select "Tax Stats, Facts, and Figures." Then consult statistics regarding the gift tax. Prepare a brief write-up concerning the...
A member tells you that she was recently hospitalized. She received a bill from a collection agency, even though she did not receive a bill from the hospital. She is worried this will affect her...
You invest $1,250 per year for eight (8) years in an account that pays 5.0% compounded annually, semiannually, monthly, daily and continuously. Determine the value of this investment at the end of...
A stock has a current selling price of $20. The distribution of the price of the stock one year from now is believed to be as follows: PRICE (x) PROBABILITY f(x) 20 .05 21 .06 22 .07 23 .08 24 .09 25...
Suppose that Karen deposits $400 into her checking account at the bank. The reserve requirement for Karen's bank is 9%. Assume the bank does not want to hold any excess reserves of new deposits. a....
NGN Corporation's current EPS is $7. Their EPS is expected to remain constant at $7 per share for the forseeable future. If the appropriate discount rate is 5%, what is the fundamental value of an...
Styrofoam has a density of 300 kg/m 3 . What is the maximum mass that can hang without sinking from a 50-cm-diameter Styrofoam sphere in water? Assume the volume of the mass is negligible compared to...
a. Show that the expansion of q(x) in ascending powers of x can be approximated to 10 2x + Bx 2 + Cx 3 where B and C are constants to be found. b. Find the percentage error made in using the series...
Table 4 shows the sale price of 12 randomly selected 6-year-old Chevy Corvettes. Construct a $90 \%$ confidence interval for the population variance and standard deviation of the price of a 6-...
If a firm has a current ratio less than 2.0 and an acid-test ratio less than 1.0, will the company eventually go bankrupt and out of business? Explain your answer.
Calculate the equity of the Gravel Construction Company if it has $1 million worth of assets? Gravel has $127,000 in current liabilities and $210,000in long term liabilities.
Scar Macks Paint Company has annual sales of $500,000 per year. If there is a profit of $1000 per day, 6 days per week operation, what is the total yearly business expense? All calculations are on a...
With regard to the production possibilities frontier (PPF), an efficient point is a point that is: ?
Within the context of rapidly evolving regulatory landscapes and heightened ethical scrutiny, how do advanced organizations navigate the ethical complexities of technological innovation and...
Write a program that accepts an integer limit and an integer value and that prints a complete line of output reporting the multiples of value uptil the limit . Keep prompting the user for a value...

The following information is extracted from Gamma Hospitals financial records. Compute the number of days revenue in

Question:

Step by Step Answer:

Computation of days revenue in accounts receivable Revenues per patient day net pat...View the full answer

Introduction to Governmental and Not for Profit Accounting

Students also viewed these Accounting questions