Healthcare Finance

Great Forks Hospital reported net income for 2007 of $2.4 million on
total revenues of $30 million. Depreciation expense totaled $1 million.
a. What were total expenses for 2007?
b. What were total cash expenses for 2007? (Hint: Assume that all
expenses, except depreciation, were cash expenses.)
c. What was the hospital’s 2007 cash flow?

  1. 👍
  2. 👎
  3. 👁
  1. a. 27.6
    b. 26.6
    c. 3.4

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. business

    Computer World inc. paid out $22.5 million in total common dividends and reported $278.9 million of retained earnings at year-end. The prior year's retained earnings were $212.3 million. What was the net income? Assume that all

  2. finance (efficiency of management)

    The best indication of the operational efficiency of management is? A. net income B. earnings per share C. EBIT D. gross profit I like net income as a metric for operational efficiency because net income is how much money the

  3. financial management

    Last year Rattner Robotics had $5 million in operating income (EBIT). The company had net depreciation expense of $1 million and interest expense of $1 million; its corporate tax rate was 40 percent. The company has $14 million in

  4. finance (firm's net income)

    If a firm has a break-even point of 20,000 units and the contribution margin on the sirm's single product is $3.00 per unit and fixed costs are $60,000, what will the firm's net income be at sales of 30,000 units? o.k. the break

  1. finance

    Thelma and Louie's Inc started the year with a balance of retained earnings of $547 million and ended the ear with retained earnings of $594 million. The company paid dividends of $37 million to the preferred stockholders and $77

  2. accounting

    Financial Statement Analysis Portfolio The Income Statement for Pumpkin Co. is shown below: Pumpkin Co. Income Statement for the Month Ended October 21, 2010 revenues sales $120,000.00 operating expenses salary expense $10,000.00

  3. Accounting

    Dividing Partnership Income Desmond Drury and Ty Wilkins have decided to form a partnership. They have agreed that Drury is to invest $44,700 and that Wilkins is to invest $104,300. Drury is to devote full time to the business,

  4. Economics

    If the MPC is .8 and the government increases both spending and lump-sum taxes by $100 million, then we would expect: a) an increase in total income of $500 million b) a reduction in equilibrium income of $80 million c)an increase

  1. maths

    mr allen has a wife and 3 kids,his salary for 2007 was 7500 per month He has a husband allowance of $10,000 a wife allowance $5000 each child allowance $2500 22% of the taxable income Taxable income =Annual Salary-Total allowances

  2. Accounting

    Attached is the actual Financial Statements, Cash Flow, and Taxes associated with the assignment questions below. 2007 & 2008 statements below. We are working on a comprehensive/spreadsheet problem (financial statements, cash flow

  3. math check answers

    1. A surplus is _____. (1 point) when you spend more than you have in income when you spend less than you have in income when you spend the same amount that you have in income another word for income 2. Suppose that your net

  4. accounting

    Sherrod, Inc., reported pretax accounting income of $89 million for 2006. The following information relates to differences between pretax accounting income and taxable income: Income from installment sales of properties included

You can view more similar questions or ask a new question.