knowledge of account
Complete all of the activities in this template, attached
Part II: Preparing a Bank Deposit, Activity 2
Part III: Managing the Healthcare Facility Business Bank Account
Part IV: Reconciling a Bank Statement Also, utilizing the year ended Statement(above) compare the figures for 2013 and 2012. Compose a narrative of possible explanations for the documented charges in the year-end figures for the organization. Your response should be 150-200 words in length
Table 18-2 Happy Hospital Statement of Operations As of December 31, 2013 and December 31, 2012
|
|
Year Ended December 31 |
|
|
|
2013 |
2012 |
|
Unrestricted Revenues |
|
|
|
Net Patient Service Revenue |
$ 51,119,826 |
$ 48,659,436 |
|
Other Operating Revenue |
2,989,626 |
3,136,716 |
|
Total Unrestricted Revenues |
54,109,452 |
51,796,152 |
|
Expenses |
|
|
|
Wages |
47,325,259 |
45,076,683 |
|
Insurance |
1,005,783 |
1,024,889 |
|
Inventory |
1,275,524 |
1,053,367 |
|
Depreciation |
2,561,982 |
2,421,597 |
|
Provision for Uncollectible Accounts |
2,770,044 |
2,237,701 |
|
Total Expenses |
54,938,592 |
51,814,237 |
|
(Loss) From Operations Before Adjustments to Prior Year Third-Party Payer Settlements and Pension Expense in Excess of Plan Contribution |
(829,140) |
(18,085) |
|
Pension Expense in Excess of Plan Contribution |
(1,001,373) |
(451,432) |
|
Adjustments to Prior Year Third-Party Payer Settlements |
329,626 |
1,360,937 |
|
Operating (Loss) Income |
(1,500,887) |
891,420 |
|
Nonoperating Gains |
|
|
|
Investment Income |
3,815,629 |
96,280 |
|
Unrestricted Gifts and Bequests |
33,654 |
334,067 |
|
Other Miscellaneous Income |
195,363 |
12,300 |
|
Nonoperating Gains |
4,044,646 |
442,647 |
|
Excess of Revenues and Gains Over Expenses |
2,543,759 |
1,334,067 |
|
Other Changes in Unrestricted Net Assets |
|
|
|
Changes in Net Unrealized Gain on Investments |
966,956 |
6,431,704 |
|
Increase in Unrestricted Net Assets |
$ 3,510,715 |
$ 7,765,771 |