3.4 Great Forks Hospital reported net income for 2007 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. What were total expenses for 2007? What were total cash expenses for 2007? (Hint: Assume that all expenses, except depreciation, were cash expenses.)
According to Shi & Singh (2012), reports showed that 1 in 3 or 87.6 million Americans were uninsured between 2008 and 2009 under the age of 65. This has contributed to the raise in health care costs. In order to reduce costs, the U.S. health care delivery system needs to have a plan in place to ensure that all of America’s population is insured such as the creation of the Obama Care Plan. The term delivery refers to the provision of health care services by various providers (Shi & Singh, 2012). Providers include physicians, hospitals, clinics, private doctor offices, and other entities.
The Australian health care system is made up of public and private health, has 3 national subsidy schemes, Medicare, the Pharmaceutical Benefits Scheme and a 30% Private Health Insurance rebate. Life expectancy in Australia is an average of 78 years for males and 83 years for females, which is one of the highest rates among developed countries (Allianz Worldwide Care 2013), so with this in mind the Australian health care system continually needs to improve. Originally Medicare was established on 1 July 1975 as Medibank by the Whitlam Labor Government, which involved free treatment for public patients in public hospitals and subsidised fees to private hospitals. On 1 October 1976, Medibank Mark II was launched where a levy of 2.5% tax levy
negative 2500 $.The company needs to raise about 40,000 $ as the ending cash balance for the month of July is negative 40,000 $. The Company can get a short term loan for 40,000 $ which can be repaid in October. 2. Even though the Company started with a Capital of 250,000 $ it still ends up with a zero bank balance. This is because the increase in the collections of Accounts Receivable from customers is not sufficient to recover the total disbursements (variable production cost and the fixed cost).
Furthermore, LA’s inventory turnover (5.1) is the lowest one within the industry, indicating inability to successfully manage inventory. From a financial perspective, the large outstanding debt imposes budget constraints on the firm, and interest payments, amounting to 39 millions in 1999, can be hardly met because of the insufficiency of cash generated from the core activities. Another issue is also the problem of raising additional funds, as banks would impose prohibitive interest rates to such a highly levered company. In conclusion, after analyzing Laura Ashley’s performance, we believe that the situation the company is experiencing is very problematic and it raises some doubts about its ability to continue as a going concern, unless its inherent weaknesses are properly addressed. 2) As we are able to see from the statements provided, GB markets definitely influences LA's sales, while data from US and
Through dedicated payroll taxes called Federal Insurance Contribution Act (FICA) this was funded. Old age, survivors, and disability insurance (OASDI) or retirement, survivors, and disability insurance (RSDI) are sometimes abbreviated and this is the main part of the Social Security Program. Approximately 85 cents of every dollar of Social Security tax received goes to the OASI fund and about 15 cents of every dollar collected goes to the DI fund for disability. Administrative costs amount to less than one percent of taxes collected. Social Security is a safety net protecting American workers and his or her families for retirement, disability, and early death.
Total losses for the four days: $30 billion, 10 times federal budget and more than the U.S. had spent in World War I ($32B estimated). The crash wiped out 40 percent of the paper value of common stock. Although this was a cataclysmic blow, most scholars do not believe that the stock market crash, alone, was sufficient to have caused the Great Depression. And the next possible cause is bank failure.In 1929, there were 25,568 banks in the United States; by 1933, there were only 14,771. Personal and corporate savings dropped from $15.3 billion in 1929 to $2.3 billion in 1933.
Huge losses were also incurred from other industrial areas such as electricity production, textiles, non-ferrous materials and information technology. (Chiu, 2012) Lehman Brothers bonds, with a value totaling $0.76 billion, all had to be written off by seven Chinese commercial banks which purchased them because of the fall of Lehman Brothers due to the global financial crisis. The value of all sub-prime-loan-related bonds that Chinese commercial banks' held decreased by $2.3 billion from the end of November 2007 to January 2008. (Yu, 2010) There were indications that China's economy might have been going out of hand even before the financial crisis started, and the crisis only intensified people's worries. Also, from the second half of 2007 to the end of 2008, China's top stock indices diminished speedily and decreased to less than half their prices.
Moreover, I would like to know how a natural disaster in another nation can impact our economy here. Not to mention how changes in unemployment impacted the housing markets decline. Housing Market I really haven’t kept up with the economy like I should; however, I have heard a lot regarding the housing market and its decline. This is largely due to high unemployment rates and lending practices of the banking system. Although the economists have said we are coming out of the recession, the housing market is still rocky.
Marriot Case Study Financial Policy, Professor Thorsten Truijens Jana Jauffret, Moari Avancini, Julian Gole, William Dottax, Toba Horombo EMBA; Geneva University 12 Q1. MC is experiencing a difficult period due to the real estate market crash in the late 80’s, which lead to a sharp drop of income in 1990 ($47 million). In its attempt to readjust to the economic downturn which followed the real estate crash, MC restructured and sold off unprofitable businesses. The cost of restructuring was high, leading to a depletion of cash and followed by important loan payments. The policy of reducing debt made MC leave the company with just $36 million cash which was well under the number of 1990 ($283 million cash ).