SBAR Economics Assingment Help With Solution

SBAR Economics Assingment Help With Solution

 
Problem 1
 
Your supervisor asks you to complete the following to prepare for a new service at the clinic.
The clinic charges $750for a Computed Tomography (CT) Scanand is paid an average of $400 after discounts. The test has $100 in variable costs and $150,000 in fixed costs. How many units must be sold to break even?
 
Problem 2
 
Assume the same facts as above, but the company must achieve Operating Income of $480,000.
 
Problem 3
 
Prepare a three-year operating budget in a table or spreadsheet with the appropriate columns. Inflation each year for revenue and discounts are expected to be 2% and 4% for expenses.
 
Acme Clinic has asked you to prepare a 3 year budget and the operation margin based on the following facts:
 
Gross Revenue in Year 1 is $8 million and discounts are 50% for government payers and 40% for non-government payers. Acme has a payer mix of 50% government and 50% non-government payers.
 
Year 1 expenses are as follows: Salary expense is 35% of total gross revenue with fringe being 21% of salary expense. Total other expenses equal $700,000 and breakdown as follows:Medical Supplies 10%, Rent 45%, Purchased Services 20%, Office Supplies 5%, and Other Expense 20%.
 
(Please note: The Gross Revenue and Salary Expense numbers listed above are only used in year 1. You must multiply the Year 1 numbers by the inflation factors in Years 2 and 3

 
Problem 4
 
Congratulations! You have been promotedto lead yourdepartment and you must request a new employee to take over your position and take on new tasks. Budgets are tight and the company requires you to prepare an SBAR to justify the need for the person. The SBAR should provide information for the executive to understand the need for the new employee, the cost (assume $30/hour + 25% fringe benefits) for 1.0 FTE for a year, and the duties to be performed.
 
Alternate Situation
 
You may write the SBAR on a different topic than the salary one presented above; however, the topic must be financed focused with dollar calculations. For example, if you want to perform a new service, then you must discuss the financial implications of this on the organization and not just that the service is really needed.
 
Notes
 
Part of the role of a leader is explaining situations as described above and often this is done without interacting with senior management, so you are left with your communication skills. Assume the executive does not know what you do. Use the SBAR format (as found on the Assignments section of Blackboard) to provide the rationale why this FTE is necessary. You should justify the $30 an hour dollar amount you are going to pay your respective new employee.
The SBAR must be concise and focus on the key elements and not filled with “fluff”. It is acceptable to use I, but “our” and “we” would be better terms. The Situation and Recommendation should be short and to the point. You may use bullets in each section. The document should be kept to a maximum of 3 pages, but 2 is better.
 
This is a creative assignment with no research necessary and you are free to write about any scenario real or hypothetical. There are no wrong answers per se, but you will be graded on your grammar and ability to deliver the message in a manner worthy of your job title. I want the quality to be good enough to take to your boss tomorrow.
 
Situation. This should be one and no more than 2 bullets. “The Finance Department must hire a new financial analyst to replace Kurt Sargent, as he was promoted to Finance Manager.”
 
Background: This can use bullets (no more than 5) or paragraphs to explain the history of the situation. This is also a place to start to justify why we have this Situation. “The financial analyst plays a key role in the department by doing the analysis for the business unit, which includes variance analysis, interacting with department staff, and conducting analysis on new business ventures.” Keep them short, but you have to lay the groundwork to make the reader understand why the “position” in this case is important.
 
Analysis: (bullets are acceptable again 5 max) This is where you have to evaluate the pros and cons of the situation without saying pros and cons. You can give different scenarios in this section too, which helps the executive believe you thought of everything and they should not question why you are making the recommendation. “The financial analyst plays a key role in the department by bringing financial expertise to the departments, which are often led by non-financial managers.” “If the position is not funded the current staff will not be able to meet the departments needs in a timely manner, which can result in the department overspending its funds.”
 
Recommendation: In many cases, you want to state 1 recommendation; however, if there are several different options “should we rebill Medicare” “make the change and fix it going forward”. We recommend hiring a financial analyst to fill the role vacated by Kurt Sargent.” Your sales job is in the previous sections, now you are telling the executive we need this and the previous sections set the stage.
 

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