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Jimmy Kolop is a manager of a physical therapy department at Bentley Rehab Center. As a unit manager, Jimmy has limitations on exceeding a budget
- Jimmy Kolop is a manager of a physical therapy department at Bentley Rehab Center. As a unit manager, Jimmy has limitations on exceeding a budget based on a particular item. Bentley Rehab center prohibits a manager from spending funds from any line items that would impact that line exceeding budget. What type of budget control is Bentley Rehab Center authorizing for their managers?
- Dr. Kinsler is budgeting for Neurology Medical Center. Dr. Kinsler plans the budget by using the authorized budget for the current fiscal year and adding additional funds to allow for inflation and projected demands for services in the upcoming budget year. Which type of budgeting philosophy is Dr. Kinsler using?
- Cindy Greene works at Georgia Mountain Hospital. The hospital experiences a lot of business closer to summer when the temperature is warmer. Cindy is meeting with her supervisor to review the budget and show her supervisor which month has a negative cash flow. Identify the month that Cindy will be showing to her supervisor.
June July November December Medicare/Medicaid $300,000 $250,000 $195,000 $120,000 Private Pay $30,000 $60,000 $50,000 $60,000 Other Insurance $50,000 $35,000 $65,000 $55,000 Cash Receipts Personnel Costs $150,000 $85,000 $100,000 $100,000 Supplier Payment $30,000 $30,000 $30,000 $70,000 Capital Assets $25,000 $40,000 $48,000 $70,000 Cash Disbursements Monthly Cash Flow - Century Dental Associates has currently hired two assistants and two hygienists. The total fixed cost has been calculated at $250,000 annually and the indirect costs, including supplies, has been identified at $20 per unit. Average revenue for each unit of service is $70. Find the break-even point.
- Hinesdale Podiatry has two front office workers. The total fixed cost has been calculated at $450,000 annually and the indirect costs, including supplies, has been identified at $10 per unit. Average revenue for each unit of service is $60. Find the break-even point.
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