Case Study 1 Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70
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Accounting Principles and Health Care Samantha Mrazek HCS 571 March 19‚ 2012 John Hodnette Accounting Principles and Health Care There are no formal accounting principles that apply to health care. However‚ there are five generally accepted guiding principles used in the management of the financial aspects of health care management (Cleverly‚ Song & Cleverly‚ 2011). Understanding the five guiding principles are important in understanding financial information and managerial accounting
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The Evaluation Of www.malepregnancy.com Module 3 Case Assignment Nassal R. Braimbridge Trident University As the name suggests‚ this website is about male pregnancy. It covers the pregnancy of Mr. Lee Mingwei an artist living in Manhattan. At first glance this website seems simple and straightforward with the page title “POP THE FIRST MALE PREGNANCY” and a large picture of a pregnant man directly below it. The page itself did not have any relevant information about Mr. Lee besides a useless
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Accepted Accounting Principles Stephanie R. Stewart HCS/571 September 24‚ 2012 Anne Harney Finlon Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) are important ideas to understand when discussing finances of any kind. It is important for all nurses‚ especially those in management roles‚ to understand financial concepts and be involved in the budgetary process. This paper will help to create an understanding of GAAP‚ the purpose of the principles‚ and
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Montgomery Module 3 SLP Incident Reporting Requirements MHM/522 Legal Aspects of Health Administration Dr. Paulchris Okpala May 18‚ 2015 Investigation of the incidents at the hospital level The incident reporting requires the application of either the voluntary or the mandatory systems. Both in Minnesota and in Utah‚ the reporting function lies in the hands of the professional boards. In both cases‚ there is a vast number of incidents that are reportable. The two cases use a medical
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Running head: Accounting Assumptions‚ Principles and Constraints Accounting Assumptions‚ Principles and Constraints Axia College Basic assumptions accounting consists of four assumptions; monetary unit assumption‚ economic entity assumption‚ time period assumption‚ and going concern assumptions. The monetary unit assumption states that only transaction data that can be expressed in terms of money be included in the accounting records. Economic entity assumption is the activities of the
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HISTORY OF ARCHITECTURE 3 Module 3 (Part One) FEATURES CHINESE ARCHITECTURE Chinese architecture refers to a style of architecture that has taken shape in East Asia over many centuries. The structural principles of Chinese architecture have remained largely unchanged‚ the main changes being only the decorative details. Since the Tang Dynasty‚ Chinese architecture has had a major influence on the architectural styles of Korea‚ Vietnam‚ and Japan. The architecture of China is as old as Chinese civilization
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Accounting Assumptions‚ Principles‚ and Constraints The basic assumptions of accounting provide a foundation for recording the transactions and preparing the financial statements. There are two main assumptions of accounting: Monetary unit assumption and Economic entity assumption (Weygandt‚ J. J.‚ Kimmel‚ P. D.‚ & Kieso‚ D. E. (2008)). The monetary unit assumption requires a company to include accounting records that show transaction data. Next‚ is the Economic entity assumption. It requires
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Generally Accepted Accounting Principles HCS/571 July 11‚ 2011 Generally Accepted Accounting Principles Generally Accepted Accounting Principles‚ or GAAP‚ is an accounting language of business used in health care facilities that have specific policies they must abide by when making choices for the direction of the institution. The Financial Accounting Standards Board‚ also known as FASB‚ developed these rules to guide them in recording and reporting financial information. Organizations use
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Part I. A. Generally Accepted Accounting Principles. GAAP is not a fixed set of rules. It is a guideline or more precisely a group of objectives and concepts that have evolved over 500 years from the basic concepts of Luca Pacioli set forth in the 1400s. It governs how financial statements are prepared and presented in the United States. The Financial Accounting Standards Boards (FASB)‚ the American Institute of Certified Public Accountants and the Securities and Exchange Commission (SEC)
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