Create an operating statement for a not-for-profit hospital given the Create an operating statement for a not-for-profit
Question:
Create an operating statement for a not-for-profit hospital given the
Create an operating statement for a not-for-profit hospital given the following list of its revenues and expenses. What would this statement be called for a for-profit hospital? $1,500,000 received as support services and contributions. $10,000,000 earned for patient services. $4,000,000 received from capitated contracts with health maintenance organizations (HMOs). $2,500,000 given in contractual discounts to Medicare and Medicaid patients. $1,000,000 in uncollected debts. $1,000,000 in depreciation and amortization of assets. $4,500,000 in salaries, insurance paid, and utilities. $500,000 in supplies. $2,000,000 in other expenses.
Please provide this information in an excel spreadsheet and breakdown explanation. Thanks,
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren