Question: Construct a Statement of cash flow for Timora B. Rown Nursing home based on the following information; Inpatient charges $200,000 ER Charges $75,000 Bad Debt

Construct a Statement of cash flow for Timora B. Rown Nursing home based on the following information;

Inpatient charges $200,000

ER Charges $75,000

Bad Debt $8%

Interest income $2,000

Payroll taxes 7.5%

Payroll $110,000

Mortgage $30,000

Ancillary Income $35,000

Utilities $24,000

Maintenance $14,000

Contractual adjustment $20,000

Travel $1,000

Professional develop $1,500

Net

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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 Finance Questions!

Q:

Superior Markets, Inc., operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is given below: The North Store has...

Q:

Construct a Statement of cash flow for Timora B. Rown Nursing home based on the following information; 1. Inpatient charges $200,000 2. ER Charges $75,000 3. Bad Debt $8% 4. Interest income $2,000 5....

Q:

1. Make all 16 adjustments on the "Adjusting Journal Entries" tab. Remember to include a description under each journal entry. ABC Corporation Unadjusted Trial Balance December 31, 2014 Credit $...

Q:

The objective of the Homework assignment is to provide an opportunity to apply or practice the tools and techniques covered in the course and to provide an opportunity to articulate key concepts...

Q:

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

Q:

123please help me with this Winter 1, 2013 7/22/2012 Chapter 4. Ch 04 P35 Build a Model Except for charts and answers that must be written, only Excel formulas that use cell references or functions...

Q:

Please show excel cell reference formulas. Thanks AutoSave OF A CORP Chapter 2 Case Template_Fall 2021 View Tell me Home Insert Draw Page Layout Formulas Data Review Share Comments Arial 10 X [ G v v...

Q:

I need help in the ratio analysis of following company. I need the below ratios and company balance sheet, income statement and cash flow statement is given below. Please do it correctly and 100%...

Q:

urgent, dead line on Sunday night Financial statement analysis assignment. instructions attatched with 6 other materials you should use. i willing to pay over $100 but why can't i put any money more...

Q:

urgent, dead line on Sunday night Financial statement analysis assignment. instructions attatched with 6 other materials you should use. i willing to pay over $100 but why can't i put any money more...

Q:

urgent, dead line on Sunday night Financial statement analysis assignment. instructions attatched with 6 other materials you should use. i willing to pay over $100 but why can't i put any money more...

Q:

Teamsters Union (Teamsters) began a campaign to organize the employees at a Sinclair Company (Sinclair) plant. When the president of Sinclair learned of the Teamsters drive, he talked with all of his...

Q:

A firm has EBIT of $300,000 and depreciation expense of $12,000. Fixed charges total $44,000. Interest expense totals $7,000. What is the firm's cash coverage ratio? Multiple Choice 3.76 times 4.91...

Q:

Accumulated Depletion is the estimated cost of natural resources removed from their natural setting to date. Select one: True False

Q:

What was one of the unexpected outcomes from the Hawthorne experiment? Listening is an effective management tool The impact of indirect costs Top management is respected without actual evidence An...

Q:

8. Websites such as Sporting News (http://aol.sportingnews .com/ncaa-basketball/story/2009-07-29/sporting-news- 50-greatest-coaches-all-time) occasionally run a story listing what they call the...

Q:

Review your employee manual to delete statements that could undermine your defense in a wrongful discharge case. For example, delete employees can be terminated only for just cause.

Q:

2. Do you think that Vice President Winchester would be better off dropping graphic rating forms, substituting instead one of the other techniques discussed in this chapter, such as a ranking method?...