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

Answer 1

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 )