Case Study #1 – Break Even Analysis
Scenario: (hypothetical)
Break-even exercise
Break-Even Analysis or Cost Volume Profit Analysis (CVP)
The California Medical Hospital is a full service hospital in Burbank, CA. Kathy Potts, the Chief Surgeon and Regina Johnson, the Hospital Administrator, have been working on a project to bring a new product to their hospital, knee replacements, to expand the services provided in hopes of bringing in additional revenue.
After much analysis and market studies the two are ready to present their findings to the board. You are the Finance Director who has put the information together.
They have decided that a new knee replacement will cost $17,000. The supplies used will cost the hospital $9,500 and the selling expenses paid amount to $3,000 per knee. The wing they will use will rent for $15,500 per month and the surgeon will receive a fixed salary of $25,000 per month. (Show your work on all problems)
1. Determine the number of knee replacements (in units) that particular wing must perform each month to break even. (Break-Even Point or BEP). In other words how many knee replacements must the surgeon perform each month to break-even?
2. Determine the number of knee replacements that particular wing must perform in order to generate a profit of $100,000 per month.
3. Assume that the surgeon can now open a clinic on his own with the following costs:
Variable costs = $9,500 per knee
One additional employee at a cost of $1,000 per month
Everything else remains the same from above
Determine the number of knee replacements to break-even.
4. Determine the number of knee replacements needed to generate a profit of $100,000 per month
What scenario would you recommend and why?
5. Please graph scenario #1 only. You may use excel or draw and attach the graph. I encourage you to try MS Excel for the experience. Label the X and Y axis. Plot the break-even point and show the fixed cost line. ( I only want to see three lines on the graph and the rest should be labelled)
6. Define break even analysis and its importance in the health care industry
7. Define variable costs
8. Define contribution margin
9. Define fixed costs
10. Compare and contrast a variance analysis and a sensitivity analysis.
Case Study #1 – Break Even Analysis
Scenario: (hypothetical)
Break-even exercise
Break-Even Analysis or Cost Volume Profit Analysis (CVP)
The California Medical Hospital is a full service hospital in Burbank, CA. Kathy Potts, the Chief Surgeon and Regina Johnson, the Hospital Administrator, have been working on a project to bring a new product to their hospital, knee replacements, to expand the services provided in hopes of bringing in additional revenue.
After much analysis and market studies the two are ready to present their findings to the board. You are the Finance Director who has put the information together.
They have decided that a new knee replacement will cost $17,000. The supplies used will cost the hospital $9,500 and the selling expenses paid amount to $3,000 per knee. The wing they will use will rent for $15,500 per month and the surgeon will receive a fixed salary of $25,000 per month. (Show your work on all problems)
1. Determine the number of knee replacements (in units) that particular wing must perform each month to break even. (Break-Even Point or BEP). In other words how many knee replacements must the surgeon perform each month to break-even?
2. Determine the number of knee replacements that particular wing must perform in order to generate a profit of $100,000 per month.
3. Assume that the surgeon can now open a clinic on his own with the following costs:
Variable costs = $9,500 per knee
One additional employee at a cost of $1,000 per month
Everything else remains the same from above
Determine the number of knee replacements to break-even.
4. Determine the number of knee replacements needed to generate a profit of $100,000 per month
What scenario would you recommend and why?
5. Please graph scenario #1 only. You may use excel or draw and attach the graph. I encourage you to try MS Excel for the experience. Label the X and Y axis. Plot the break-even point and show the fixed cost line. ( I only want to see three lines on the graph and the rest should be labelled)
6. Define break even analysis and its importance in the health care industry
7. Define variable costs
8. Define contribution margin
9. Define fixed costs
10. Compare and contrast a variance analysis and a sensitivity analysis.
Despite commonly held beliefs about the popularity of presidents, presidents are elected by the Electoral College. This uniquely American institution consists of representatives of each state who cast the final ballots that actually elect the president. The total number of electors for each state is equal to the number of senators and representatives from that state in the U.S. Congress. The District of Columbia is accorded three electoral votes bringing the total number of votes to 538. Thus, the magic number for winning the presidency is 270 votes.
Research the most recent presidential election using the Argosy University online library resources and the Internet and write a paper on the topic. Include the following in your paper:
Identify the major issues of concern to voters and compare how each presidential candidate addressed those issues.
Summarize information relevant to the issues and the election.
Evaluate the validity of each candidate’s arguments.
Cite your sources and prepare a title and reference page according to APA standards.
Write a 2–3-page paper in Word format (excluding title and reference pages). Apply APA standards for writing style to your work.
ubmit a paper addressing the following:
Paper Requirements:
Title page should consist of the following in order: Running Head Title of Paper Student Name Affiliation (Name of School) Course (optional) Date (optional) . Paper (First page) should begin with a Title which is different than the Running Head. Spacing issues in the first page. References to follow APA format (time New
Assignment 2: Final Project: Sampling
Based on the feedback you received on your submission from last week, submit a revised draft of your paper with this additional information:
Submit your assignment to the M2: Assignment 2 Dropbox by Wednesday, February 3, 2016. All written assignments and responses should follow APA rules for attributing sources.
| Assignment 2 Grading Criteria |
Maximum Points
|
| Provided five additional valid references and explained the reasoning behind their selection. |
20
|
| Discussed the sampling technique for the proposed study and included the aspects of generalization, inclusion, and ethical issues as requested in the assignment. |
25
|
| Provided a detailed outline of the intro/literature review section of the paper, along with revised hypothesis. |
25
|
| Included an APA-style title page and reference page (with at least 10 references). |
10
|
| Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. |
Imagine you are a stakeholder for a non-profit health care organization. As a leader you are responsible for modeling ethical behavior and have the ability to encourage patient safety initiatives.
Write a 1,050- to 1,400-word letter to your legislator promoting a health policy which supports patient safety. Your policy could include safety issues such as and hand hygiene or Medication Administration.
Include the following in your letter:
Format your references page according to APA guidelines.
This week, you will complete a annotated bibliography for a paper that will be due in Week 5. For more information on the required format of the bibliography please click on annotated bibliography template.
For Week 3, utilize the mental disorder categories from DSM-5 to do a annotated bibliography on current research (within the last five years) on two disorders derived from the following list of mental disorder categories:
The literature review is part of a final paper which will be due in Week 5. As part of choosing scholarly journal articles for the literature review, you will use the following subtopics in determining what articles to use.
Using the South University Online Library only, find three journal articles related to each topic area chosen. (Your textbook, Wikipedia, or any other Web source will not be accepted for this assignment.) The journal articles have to be from peer-reviewed scholarly journals. The articles do not need to be empirical studies but are required to be from primary sources.
Submit your review in a Microsoft Word document to the W3 Assignment 2 Dropbox by Saturday, January 30, 2016. Name the file PSY2010_W3_A2_lastname_firstname.doc.
| Assignment 2 Grading Criteria |
Maximum Points
|
| Wrote a summary for each of the journal articles found. |
80
|
| Wrote an analysis and evaluation for each of the journal articles found. |
80
|
Used correct spelling, grammar, and professional vocabulary and utilized APA format which includes the following:
|
40
|
This week, you will complete a annotated bibliography for a paper that will be due in Week 5. For more information on the required format of the bibliography please click on annotated bibliography template.
For Week 3, utilize the mental disorder categories from DSM-5 to do a annotated bibliography on current research (within the last five years) on two disorders derived from the following list of mental disorder categories:
The literature review is part of a final paper which will be due in Week 5. As part of choosing scholarly journal articles for the literature review, you will use the following subtopics in determining what articles to use.
Using the South University Online Library only, find three journal articles related to each topic area chosen. (Your textbook, Wikipedia, or any other Web source will not be accepted for this assignment.) The journal articles have to be from peer-reviewed scholarly journals. The articles do not need to be empirical studies but are required to be from primary sources.
Submit your review in a Microsoft Word document to the W3 Assignment 2 Dropbox by Saturday, January 30, 2016. Name the file PSY2010_W3_A2_lastname_firstname.doc.
| Assignment 2 Grading Criteria |
Maximum Points
|
| Wrote a summary for each of the journal articles found. |
80
|
| Wrote an analysis and evaluation for each of the journal articles found. |
80
|
Used correct spelling, grammar, and professional vocabulary and utilized APA format which includes the following:
|
40
|
lease carefully read the instructions and proceed if you feel comfortable delivering a 100 % plagarism free work .
Write a 350- to 700-word essay comparing the similarities and differences between virtue theory, utilitarianism, and deontological ethics. Include the following in your essay:
Format your paper consistent with APA guidelines.