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QuestionAnswered step-by-stepWhat best describes XX overall fiscal results over the period of…What best describes XX overall fiscal results over the period of time shown? A XX is in excellent fiscal position and healthB XX has a consistent track record of generating profitsC xx is an example of a real turnaround, from losing money consistently to now generating consistent profitsD XX is losing money and needs to take action to improve its fiscal positionE A & B i think it is D Comparative Income StatementFor the Fiscal Year Ended June 30, 2020                   FY 2016 FY 2017 FY 2018 FY 2019 FY 2020   Variance from  %    Prior Year VarianceRevenue                Surgical Procedures $5,000,000  $5,250,000  $5,512,500  $5,788,125  $7,235,156    $1,447,031  25.0%ICU Charges $2,000,000  $2,040,000  $2,080,800  $2,122,416  $1,910,174    ($212,242) -10.0%Skilled Unit Charges $3,000,000  $3,090,000  $3,182,700  $3,278,181  $3,376,526    $98,345  3.0%Medical Supplies $500,000  $525,000  $551,250  $578,813  $520,931    ($57,881) -10.0%  Gross Patient Care Revenue $10,500,000  $10,905,000  $11,327,250  $11,767,535  $13,042,788    $1,275,254  10.8%                 Contractual Allowance $3,150,000  $3,271,500  $3,964,538  $4,118,637  $4,564,976    $446,339  10.8%Allowance for Bad Debt $525,000  $545,250  $566,363  $588,377  $652,139    $63,763  10.8%   Total Revenue Offsets $3,675,000  $3,816,750  $4,530,900  $4,707,014  $5,217,115    $510,101  10.8%                   Net Patient Care Revenue $6,825,000  $7,088,250  $6,796,350  $7,060,521  $7,825,673    $765,152  10.8%                 Gift Shop Sales $125,000  $125,000  $115,000  $105,000  $98,000    ($7,000) -6.7%Cafeteria Revenue $380,000  $387,600  $395,352  $403,259  $411,324    $8,065  2.0%Parking Fees $80,000  $82,400  $84,872  $87,418  $90,041    $2,623  3.0%  Total Auxiliary Revenue $585,000  $595,000  $595,224  $595,677  $599,365    $3,688  0.6%                 Total Net Revenue $7,410,000  $7,683,250  $7,391,574  $7,656,198  $8,425,038    $768,840  10.0%% of Gross Patient Care Revenue 70.6% 70.5% 65.3% 65.1% 64.6%                       Expenses                Nursing Staff $3,800,000  $3,895,000  $3,992,375  $4,591,231  $5,279,916    $688,685  15.0%Other Clinical Staff $1,300,000  $1,332,500  $1,365,813  $1,399,958  $1,434,957    $34,999  2.5%Auxiliary Staff $455,000  $466,375  $478,034  $489,985  $502,235    $12,250  2.5%Administrative Staff $600,000  $615,000  $630,375  $646,134  $662,288    $16,153  2.5%  Total Staff Expense $6,155,000  $6,308,875  $6,466,597  $7,127,309  $7,879,395    $752,087  10.6%   % of Gross Patient Care Revenue 58.6% 57.9% 57.1% 60.6% 60.4%                       Medical Supplies $200,000  $210,000  $220,500  $231,525  $182,326    ($49,199) -21.3%General Supplies $45,000  $46,575  $48,205  $49,892  $51,639    $1,746  3.5%Utilities $98,000  $101,430  $104,980  $108,654  $112,457    $3,803  3.5%Maintenance & Repair $450,000  $465,750  $482,051  $498,923  $516,385    $17,462  3.5%Grounds $268,000  $277,380  $287,088  $297,136  $307,536    $10,400  3.5%Space Rental $50,000  $51,750  $53,561  $55,436  $57,376    $1,940  3.5%Non-Capital Equipment Expense $60,000  $62,100  $64,274  $66,523  $68,851    $2,328  3.5%Depreciation Expense $0  $0  $100,000  $100,000  $100,000    $0  0.0%Other Misc $75,000  $75,000  $75,000  $75,000  $75,000    $0  0.0%  Total Non-Staff Expense $1,246,000  $1,289,985  $1,435,659  $1,483,090  $1,471,571    ($11,519) -0.8%   % of Gross Patient Care Revenue 11.9% 11.8% 12.7% 12.6% 11.3%                       Total Expenses $7,401,000  $7,598,860  $7,902,256  $8,610,399  $9,350,966    $740,567  8.6%% of Gross Patient Care Revenue 70.5% 69.7% 69.8% 73.2% 71.7%                       Net Income (Loss) $9,000  $84,390  ($510,682) ($954,201) ($925,928)   $28,273  -3.0%% of Gross Patient Care Revenue 0.1% 0.8% -4.5% -8.1% -7.1%      AccountingBusinessFinancial AccountingFINANCE 101Share Question

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