| Budgets in manufacturing companies Text adapted by Hugues Boisvert‚ from chapter 11 of the book La comptabilité de management‚ prise de decision et contrôle‚ 3e edition‚ ERPI‚ 2004‚ p. 278-292‚ written by Hugues BOISVERT‚ Claude laurin and Alexander mersereau (HEC Montreal). Table of contents 1. Budgets 2. Budgetary styles 3. The budget process in a manufacturing company 4. Comprehensive example of a budgetary
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CASE MEMORIAL HOSPITAL The nurses at Memorial Hospital work a regular schedule of four 10-hour days per week. The average regulartime pay across all nursing grades is $12.00 per hour. Overtime may be scheduled when necessary. However‚ because of the intensity of the demands placed on nurses‚ only a limited amount of overtime is permitted per week. Nurses may be scheduled for as many as 12 hours per day for a maximum of five days per week. Overtime is compensated at a rate of $18.00 per hour.
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1. How successful is the Shouldice Hospital? Generate a P&L statement using available information from the case. Treat each of the two operations—hospital and the surgery—separately. Hospital: Revenues (4 days X $111/day x 6‚850 patients/year) 3‚041‚400 Cost 2‚800‚000 Profit: 241‚400 Clinic: Revenues ((($450 + 60 + 75) X 0.20) X 6‚850 patients/year)) 3‚596‚250 Cost 2‚000‚000 Profit 1‚596‚250 Total Profit 1‚837‚650 2. How
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Stephen Fuller Austin: A Texas Hero (1793-1836) It was November 3rd‚ 1793 in Wythe County‚ Virginia when Stephen Fuller Austin‚ son of Moses Austin‚ known as "The Father of Texas" was born. Austin attended school in Connecticut as a child and graduated from Transylvania University in Kentucky. In 1813‚ Austin was elected to the Legislature of Missouri and was reelected to that same position for three years until he moved to Arkansas. He was chosen
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market drop‚ the rise of the dollar against foreign currencies‚ increased unemployment‚ and other economic factors‚ March 2001 officially began a nationwide recession that triggered budget problems in at least forty-five states. -The 2001 recession was the fourth recession in 30 years. After past recessions budget experts recommended establishing a “rainy-day fund” (saving funds during boom times in order to cushion the shocks of economic busts). Wisconsin established the fund but never put money
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A geopolitical community is a community‚ which is either man-made or surrounded by natural boundaries. It is considered a traditional point of view about communities. Man-made boundaries could be the towns where we live‚ work‚ or go to school. Natural boundaries could be the land formations that separate and isolate groups of people (Maurer & Smith 2008). The geopolitical community I live in is Nassau County‚ Long Island in New York. Nassau County is made up of many suburbs and towns and is located
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as 1-A for Federal and Specialty Hospitals. 2-A: Inpatient Hospital Unit Data - General Acute Care Only. Beds Set Up & Staffed‚ Admissions‚ Days of Care‚ and Occupancy Rates for each of 18 inpatient units. 2-B: Inpatient Hospital Unit Data - Same as 2-A for Federal and Specialty Hospitals. 3-A: Discharges and Discharge Days by Age Group - General Acute Care Only. 3-B: Discharges and Discharge Days by Age Group - Same as 3-A for Federal and Specialty Hospitals. 4: Emergency services capability
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environment in Toronto f. Rooms g. Satisfied operators Analyses 2. Why do patients choose Shouldice Hospital over other hospitals? What are the benefits received by Shouldice’s patients that are different from other hospitals? Answer: Patients choose Shouldice Hospital over other hospitals because the service they get from Shouldice is far away better than other hospitals. The benefits they received are as following: a. Appointments are driven by patient referrals.
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In hospitals like all businesses there are several levels or tiers to its structure and each level has its own sublevels that as a whole make up the facility. Hospitals are not just filled with Doctors and nurses there are many other aspects that go into the day to day operations. Beginning with the Administration aspect of a hospital‚ those in charge of the business portion of the facility‚ including human resources and billing/collections. These people include a board of directors‚ HR employees
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Flexible Budgets Team ACC/543 Professor Deborah Fitzgerald Thomas University of Phoenix 2010 Team B‚ You have done a great job on the assignment. I have noted some minor issues to help you on future assignments. Abstract The purpose of this paper is to give an overview of the budget process. It analyzes flexible budgets‚ discusses the relationship between fixed and variable cost‚ explores the differences between static and flexible budgets‚ and how budgets assist in the cost-volume-profitability
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