FINANCIAL MANAGEMENT FOR HEALTHCARE
(HCM-213)
Q4.
Calculate the amount of Liabilities from the following informations.
Cash and Temporary Investments 3,800
Account receivables 10,000
Properties and equipment 4,000
Net assets 2,500
Inventory 1,200
Investments 5,000
Q5. The following are account balances (in thousands) for ALRAWDHA Health Plan. Prepare a balance sheet and statement of operations for the year ended December 31, 2017.
Net property and equipment |
$ 2,000 |
Accounts receivable |
|
Medical claims payable |
|
Patient service revenue (net of contractuals) |
$ 950,000 |
Supply expense |
$ 255,000 |
Net assets released from restriction for operations |
$ 45, 000 |
Depreciation expense |
$ 35,000 |
Transfer to parent corporation |
$ 9,500 |
Labor expense |
|
Provision for bad debts |
|
Unrealized gains from available for sale securities |
|
Net Assets |
|
Cash & cash equivalents |
|
Long-term debt |
4. Net assets = total assets - liabilities
liabilities = total asset - net asset
liabilities = cash + temporary asset + Accounts Receivable + Property & Equipment + Inventory + Investments - Net Assets
liabilities = 3800 + 10,000 + 4000 + 1200 + 5000 - 2500 = 21,500
5. (please provide the figures for the rest of the items for the preparation of financial statements )
FINANCIAL MANAGEMENT FOR HEALTHCARE (HCM-213) Q4. Calculate the amount of Liabilities from the following informations. Cash...
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