For-profit hospital

Shannon SLP 1 Case Assignment ACC 403 –Principles of Accounting Dr. Craig Mayberry December 2015 Session International Financial Management The Smith Company earned the net profit of $349,150, resulting into the net profit margin of $86,850 /$436,000 = 19.91 %. Net Profit margin position clear out how much net profit is earned by the company with the given amount of sales which is the present case is 19.91%. Current Ratio is the ratio between current assets and current liabilities…

Historically, not-for-profit (NFP) hospitals evolved from either religious groups or philanthropic foundations and provided health care to individuals that could not afford to pay the doctor to come to their home (Cutler, 2000), hence, they provided a service to the community that the community would otherwise be required to provide. These organizations generated little income and as such were granted tax exempt status (Cutler, 2000). Modernization of healthcare has transformed hospitals from…

Despite the continued uncertainty in the current economic climate, Taylor Made Computer Solutions Ltd has performed profitably over the financial years 2012 and 2013. The company’s pre-tax profit amounted to £419,673 in 2013 (a 4% net margin) which is an increase of 60% compared to 2012. Profits after tax increased by £126,367 to £337,555 in 2013. Key areas such as sales proved highly adequate with the business recording an annual turnover of £9.8 million sales, representing a 6% increase in…

individual and follows a specific purpose”. That specific purpose being the relentless pursuit of profit. All companies are motivated by the idea of profit maximization; corporations are no different. They strive to earn more and more profit. They are not guided by charitable ideals, a moral compass, or the need to help the community. Governed and owned by shareholders, corporations are instructed to seek out profit. They are responsible to them and them alone. Thus, this inherent quality in…

and have better time management. The business is in need of a larger more organized workspace to accelerate production and shipment of product demand. Albatross Anchor must make clear and sustainable decisions to gain a competitive advantage, so profits and production…

any of the three conditions. Each of these ailments can be controlled by generic medication. Additionally, by advising patients to use generic drugs not only will it save money for the patient but it will also generate a greater profit for CVS. This is because the profit margin of generic medication is higher than that brand-name drugs. Introducing a new application through the Android and Apple market can have a significant improvement on this program. With a majority of the U.S. owning a…

Front Street Hospital: Uninsured Charges and Collections (pg. 237 of Cases in Healthcare Finance, 5th edition) It is quite clear from the text’s exposition on the policy, billing, and collection habits of certain not-for-profit hospitals that serious injustices were being committed against uninsured patients. These injustices were primarily financial in nature – although physical and psychological trauma almost always followed – and they reveal the systematic nature of the abuse. By setting…

The trend for the gross profit margin has been decreased, ranging from 18% in 2002 to 15% in 2006. While the operating profit suffered sharply downturn, ranging from 553 in 2002 down to even negative 2,497 in 2006. Return on equity (ROE) is the amount of net income returned as a percentage of shareholder’s equity. Return on equity measures a corporation 's profitability by revealing how much profit a company generates with the money shareholders have invested. Profit is the key to a company,…

corporation in America. It was doing good till Dunlap join Sunbeam. Around 1996, Albert Dunlap was hired as the CEO of Sunbeam. The company hire him with the vision to increase the value of Sunbeam because the profits were declining for several years. He have a reputation of giving high profits for companies With the help of a partner of Arthur Anderson, Albert committed a huge accounting fraud as the CEO of Sunbeam. Because Arthur Anderson was auditing the Sunbeam Corporation. With him joining…

main examples of this are investing in for-profit hospitals and making referrals on the basis of friendship. One example of a practice that exists “at the margin of moral responsibility” includes investing in for-profit hospitals. For-profit hospitals work with an objective of providing more money to their shareholders and can ultimately end up charging higher rates to patients for their services than non-profit hospitals. Investing in a for-profit hospital pits altruism against self-interest…