the hospital’s revenues and expenses grouped for planning and control? Patton-Fuller has two revenue categories; net patient revenue and other revenue. Patton-Fuller expense categories are; salaries and benefits‚ supplies‚ physician and professional fees‚ utilities‚ other‚ depreciation and amortization‚ Interest‚ and provision for doubtful accounts. The hospital’s revenue it broken up into two categories‚ the first being net patient revenue which consist of gross revenue generated by the
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Economics of Baseball: Revenue Sharing Major League Baseball is the highest level of professional baseball in the United States and Canada. The organization is comprised of a partnership between the National League‚ founded in 1876‚ and the American League‚ founded in 1901. There are currently 30 teams in Major League Baseball‚ 14 in the American League and 16 in the National League. "Since 1903‚ the best of both of these leagues have met in the World Series‚ with the winner of the best-of-7
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Mwangi Kevin macharia 628945 The product life cycle theory is used to comprehend and analyze various maturity stages of products and industries. Product innovation and diffusion influence long-term patterns of international trade. This term product life cycle was used for the first time in 1965‚ by Theodore Levitt in a Harvard Business Review article: "Exploit the Product Life Cycle". Anything that satisfies a consumer’s need is called a ’product’. It may be a tangible product (clothes‚ crockery
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LIFE CYCLE COSTING Life cycle costing (LCC) is the process of collecting‚ interpreting and analyzing data and using quantitative tools and techniques to predict the future resources that will be required in any life cycle of a system of interest. LCC can also be defined as a technique to establish the total cost of ownership. It is a structured approach addresses all the elements of this cost and can used to produce a spend profile of a product over its life span. The result of LCC usually
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filling with 127‚500‚000 of Wellbutrin XL tablet. d. The revenue of each Wellbutrin XL tablet Wholesaler cost = $2.83 x = $2.096 Distributor cost = $2.096= $0.4192 e. Total revenue per truck 127‚500‚000 x $0.4192 = $ 53‚448‚000 One truck can carry $10million worth of Wellbutrin XL tablet product. Q2: How should the company recognize revenue based upon the two possible FOB structures mentioned in the case? In order to recognize revenue‚ there are four conditions must be met as according to GAAP
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Revenue expenditure is an expenditure which on cost of doing business on day to day basis and is necessary to be cover to maintain the business going on effectively. Thus‚ revenue expenditure is the cash or credit that being spent immediate for short-term purpose‚ example‚ expenses on assets such as repair and fuel which will or will not improve the value of the given assets. Capital expenditure is an expenditure which will cause future benefit to the company. It’s the money that spends on the
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Three revenue sources in public budgeting Property Tax: Property tax can be defined as a levy that the government issues on a person’s property. The value assessed to the property is taxed. Revenue of local governments like cities and counties are derived from property taxes. The revenue is used for administration in government and expenses concerning law enforcement‚ paramedics etc.; and also to fund courts in local governments and helps for the payment of services which include civic centers
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Form 940 for 2010: Department of the Treasury — Internal Revenue Service — Employer’s Annual Federal Unemployment (FUTA) Tax Return Type of Return (Check all that apply.) 850110 OMB No. 1545-0028 (EIN) Employer identification number Name (not your trade name) Trade name (if any) Address Number Street a. Amended b. Successor employer c. No payments to employees in 2010 d. Final: Business closed or stopped paying wages Suite or room number City State ZIP code Read
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The accounting cycle refers to the process by which companies produce their financial statements for a specific period of time. It is called a cycle because the steps are repeated each reporting period. The organization at which I am employed completes its accounting cycle monthly. The organization is a privately owned nursing facility licensed and incorporated in the state of Virginia that has been in business since 1966. An explanation of the overall accounting cycle at the organization including
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influence: Strategic Plan 2013-18. Osterwalder‚ A.‚ Pigneur‚ Y. and Clark‚ T. (2010) Business model generation: a handbook for visionaries‚ game changers‚ and challengers. Smith‚ I. (2003) Meeting customer needs. The Accounting Standards Board (2001) Revenue Recognition: Discussion Paper. Tilman‚ P. (2010) ‘Working with universities’ in The Innovation handbook: How to profit from your ideas and market knowledge. Intellectual Propert Office‚ 85-89.
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