FINANCIAL MANAGEMENT FOR HEALTHCARE (HCM-213) Q4. Calculate the amount of Liabil
ID: 2809953 • Letter: F
Question
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
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
Explanation / Answer
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 )
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