Your Perfect Assignment is Just a Click Away

We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

Excel Exercise

Excel Exercise

Excel Exercise
https://canvas.fau.edu/courses/83555/files/18279698/download?wrap=1
An operating budget combines forecasts for revenues and expenses. Projections for the next fiscal year are made on the basis of some reasonable assumptions.
Budgeting Revenues
First, forecast anticipated census volume by pay type. Next, forecast the anticipated reimbursement.
Basic equation: R = Q × P, Q (quantity: patient days) × P (price: charges, reimbursement)
Note: Budgeting software is programmed to calculate patient days as average daily census figures are entered.
Software programs calculate revenues automatically as the census and per diem rates are entered.
Ancillary and other revenues are added to arrive at the total revenue figure
Excel Exercise: Exhibit17_9.exercise.xlsx
The Excel file for Exhibit 17-9 has been provided. The charges and reimbursement rates for October 2018 are given. Assume that private-pay and private insurance rates will be increased by 4% on January 1, 2019, and that all third-party reimbursement rates will increase by 3%. The same increases will take place in October 2019. Existing Veterans rates will continue till the contract expires. Use the census projections in Exhibit 17–9 to calculate the total revenue that will be budgeted for January 2019. Calculate the budgeted revenue for each of the 12 months and for the entire year 2019.
Note that the revenue projections do not include ancillary and other revenues.
Budgeted Expenses
Departmental managers should give their inputs
Projecting labor costs is the most challenging aspect, but labor hours for some departments are fixed
Allowances for overtime, training, and orientation should be determined
When funds are allocated for reducing absenteeism and turnover, the budget should anticipate future cost savings
After projecting labor hours, average hourly wages need to be projected, taking into account wage increases and labor market conditions
Labor cost (C) = Hours of labor (H) × Average hourly wage rate (W)
Finally, all other anticipated expenses should be included
Variable expenses are generally projected on the basis of PPD costs
Costs should also be included for marketing and public relations

“Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results.”

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Blackboard Experts only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Blackboard Experts are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Blackboard Experts is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Blackboard Experts, we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.