Asked by Camille Esselin on Jul 05, 2024
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During April, Shvey Clinic plans for an activity level of 2,100 patient-visits.Revenue is $48.10 per patient-visit.Personnel expenses are $28,800 per month plus $12.30 per patient-visit.Medical supplies are $1,300 per month plus $8.10 per patient-visit.Occupancy expenses are $8,100 per month plus $2.00 per patient-visit.Administrative expenses are $2,900 per month plus $0.20 per patient-visit.
Required:
Prepare the clinic's planning budget for April.
Planning Budget
A budget prepared for a specific level of activity; it may be adjusted or reevaluated based on the level of activity actually achieved.
Patient-Visits
A metric in healthcare indicating the number of times patients see a healthcare provider or visit a healthcare facility.
Revenue
The revenue earned from regular business activities, factoring in discounts and allowances for returned goods.
- Develop budgetary projections and recognize how variations in workload affect budget estimates.
- Engage budget equations to establish budgets guided by activity benchmarks, including the amount of customers served and the number of patient visits.
Verified Answer
Learning Objectives
- Develop budgetary projections and recognize how variations in workload affect budget estimates.
- Engage budget equations to establish budgets guided by activity benchmarks, including the amount of customers served and the number of patient visits.
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