Question: Consider all important items when deciding what needs to be in a salary and expense budget. Calculate the FTEs you will need and support your

Consider all important items when deciding what needs to be in a salary and expense budget. Calculate the FTEs you will need and support your answers and decisions

Develop a salary expense breakdown for a new unit that is opening. It is anticipated that the unit will have an average daily census of 20 patients. It is a medical-surgical unit with an HPPD of 7.3. Your benefit expense is 21.5% for each employee. This new unit will share a manager with another similar type of unit. For a similar medical-surgical unit, the average cost per hour is $23.40. Provide and consider your decisions regarding:

• Skill mix

• Nurse/patient ratio

• Management/staff ratio

• Non-licensed personnel/patient ratio

Use the FTE calculation tool to calculate the # of FTEs you will need once you make the skill mix and ratio decisions above.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

An FTE is the hours worked by one employee on a fulltime basis The concept is used to convert the hours worked by several parttime employees into the ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

For a satellite to be in a circular orbit 780 km above the surface of the earth, (a) What orbital speed must it be given, and (b) What is the period of the orbit (in hours)?

Is there any good reason to be in a partnership? If so, for what sort of business would it make sense?

What needs to be done if fraud is uncovered in a bankruptcy proceeding?

consider all important items when deciding what needs to be in a salary and expense budget. Calculate the FTEs you will need and support your answers and decisions Develop a salary expense breakdown...

can i get a solution to this question please. Value: Document (include your file name) 15% of final grade How to complete: 1. Read the following Anniversary Party scheduling problem: As the project...

TANGLEWOOD CASEBOOK for use with STAFFING ORGANIZATIONS 5th Ed. Kammeyer-Mueller 1 TANGLEWOOD CASEBOOK To accompany Staffing Organizations, fifth edition, 2006. Prepared by John Kammeyer-Mueller...

TANGLEWOOD CASEBOOK for use with STAFFING ORGANIZATIONS 7th Ed. Kammeyer-Mueller 1 TANGLEWOOD CASEBOOK To accompany Staffing Organizations, seventh edition, 2012. Prepared by John Kammeyer-Mueller...

Study Guide Healthcare Statistics By Jacqueline K. Wilson, RHIA About the Author Jacqueline K. Wilson is a Registered Health Information Administrator (RHIA) who has more than ten years of experience...

(1) Financial Ratios Referencing this week?s readings and lecture, what are the limitations of financial ratios? Classify your answer into at least the following categories: liquidity ratios,...

SUMMARY OF LEARNING OBJECTIVES AND KEY POINTS 1. Identify the basic elements of organizations. Organizations are made up of a series of elements: Designing jobs Grouping jobs Establishing reporting...

002 - Fall 2020: Corporate Finance What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually? Select one: A. $1,819 B. $2,016 C. $2,117 D. $2,223...

Complete business activity and instalment activity statements in Australia Swanston Enterprises report GST quarterly on a cash basis. They had the following account balances (on a cash basis) for the...

14. A cylinder whose radius is 2 inches is removed from the right prism as shown. The ends of the prism have the shape of an equilateral triangle whose sides are 8 inches long. Find the volume of the...

Let A={-5,-4,-3, -2, -1, 0, 1, 2, 3, 4, 54. For each of the following relations on A, determine if it is partial order or an equivalence relation (justify your answers). If the relation is partial...

1) Let us consider the following value of parameters to simulate the quadcopter motion in MATLAB while using the in-built command "ODE45" to solve the quadcopter equations of motion: g= 9.81m/s, m =...

Soraya is a software developer whose male co-workers frequently exclude her from meetings and withhold information she needs to do her job. They tell her she should "quit trying to be one of the...

A company is considering purchasing a machine that costs $312000 and is estimated to have no salvage value at the end of its 8 -year useful life. If the machine is purchased, annual revenues are...

The Smiths buy a house. They borrow 80 percent of the purchase price from the local ABC Savings and Loan. Before they make their first payment, ABC transfers the right to receive mortgage payments to...

What are several potential causes of cognitive overload?

Explain what processes DBMSs are optimized to perform.

What are the two basic goals of e-procurement? How can those goals be met?

Referring to Exercise 18-15, suppose the process remained in control for the next 40 hours. The thickness measurements for hours 41 through 43 are as follows: Hour 41 0.764 0.737 0.724 0.716 0.752...

Data were collected on a quantitative measure with a subgroup size of five observations. Thirty subgroups were collected, with the following results: x 44.52 R5.6 a. Determine the Shewhart factors...

Philip Crosby wrote the book Quality Is Free. In it he argues that it is possible to have high quality and low price. Do you agree? Provide examples that support your position. Business Applications