MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 and allowance for doubtful accounts of$93,760,000. Johnson & Johnson manufactures and sells a wide range of healthcare products including Band-Aids and Tylenol. As of a recent year, Johnson & Johnson reported accounts receivable of $10,114,000,000 and allowance for doubtful accounts of$340,000,000.

MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 and allowance for doubtful accounts of$93,760,000. Johnson & Johnson manufactures and sells a wide range of healthcare products including Band-Aids and Tylenol. As of a recent year, Johnson & Johnson reported accounts receivable of $10,114,000,000 and allowance for doubtful accounts of$340,000,000.

b. Compute the percentage of the allowance for doubtful accounts to the accounts receivable, for Johnson & Johnson. Round to one decimal place.

MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 and allowance for doubtful accounts of$93,760,000. Johnson & Johnson manufactures and sells a wide range of healthcare products including Band-Aids and Tylenol. As of a recent year, Johnson & Johnson reported accounts receivable of $10,114,000,000 and allowance for doubtful accounts of$340,000,000.

a. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for MGM Resorts International. Round to one decimal place.

MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 and allowance for doubtful accounts of$93,760,000. Johnson & Johnson manufactures and sells a wide range of healthcare products including Band-Aids and Tylenol. As of a recent year, Johnson & Johnson reported accounts receivable of $10,114,000,000 and allowance for doubtful accounts of$340,000,000.

c. Discuss possible reasons for the difference in the two ratios computed in (a) and (b).

MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 and allowance for doubtful accounts of$93,760,000. Johnson & Johnson manufactures and sells a wide range of healthcare products including Band-Aids and Tylenol. As of a recent year, Johnson & Johnson reported accounts receivable of $10,114,000,000 and allowance for doubtful accounts of$340,000,000. b. Compute the percentage of the allowance for doubtful accounts to the accounts receivable, for Johnson & Johnson. Round to one decimal place.

A mutual fund is a professionally managed investment that can be sold to the general public. Mutual funds can be specialized into different categories such as healthcare-related or technology-related mutual funds. The following table lists the 3-month rates of return, in percent, for samples of health-care related and technology-related mutual funds, as reported by Morningstar, an independent investment research company. \

$$\begin{array}{ccccc|ccccc} \hline & {\text { Healthcare }} & {\text { }} &{\text { }} &{\text { }} &{\text { Technology }} \\ \hline 9.7 & 9.5 & 7.6 & 6.8 & 6.7 & 6.5 & 6.4 & 6.4 & 6.2 & 4.9 \\ 6.7 & 6.6 & 4.6 & 3.9 & 3.9 & 4.6 & 4.6 & 4.2 & 3.6 & 3.2 \\ 3.7 & 3.3 & 3.0 & 0.8 & -9.9 & 2.9 & 2.8 & 2.7 & 2.5 & \\ \hline \end{array}$$

Use the technology of your choice to answer the following questions. Explain your answers. a. If you had to choose between the use of pooled t-procedures and nonpooled t -procedures here, which would you choose? b. Is it reasonable to use the type of procedure that you selected in part (a)?

Family First Healthcare operates two medical groups, one in Philadelphia and one in Baltimore. The semiannual bonus plan for each medical group’s president has three components: a. Profitability performance. Add 0.75% of operating income. b. Average patient waiting time. Add $40,000 if the average waiting time for a patient to see a doctor after the scheduled appointment time is less than 10 minutes. If average patient waiting time is more than 10 minutes, add nothing. c. Patient satisfaction performance. Deduct$45,000 if patient satisfaction (measured using a survey asking patients about their satisfaction with their doctor and their overall satisfaction with Family First Healthcare) falls below 70 on a scale from 0 (lowest) to 100 (highest). No additional bonus is awarded for satisfaction scores of 70 or more.

$$\begin{matrix} \text{} & \text{January-June} & \text{July-December}\\ \text{Philadelphia} & \text{} & \text{}\\ \text{Operating income} & \text{\$10,250,000} & \text{\$10,600,000}\\ \text{Average waiting time} & \text{8 minutes} & \text{12 minutes}\\ \text{Patient satisfaction} & \text{77} & \text{71}\\ \text{Baltimore} & \text{} & \text{}\\ \text{Operating income} & \text{\$9,000,000} & \text{\$7,500,000}\\ \text{Average waiting time} & \text{15 minutes} & \text{8 minutes}\\ \text{Patient satisfaction} & \text{64} & \text{73}\\ \end{matrix}$$

1. Compute the bonuses paid in each half year of 2017 to the Philadelphia and Baltimore medical group presidents. 2. Discuss the validity of the components of the bonus plan as measures of profitability, waiting time performance, and patient satisfaction. Suggest one shortcoming of each measure and how it might be overcome (by redesign of the plan or by another measure). 3. Why do you think Family First Healthcare includes measures of both operating income and waiting time in its bonus plan for group presidents? Give one example of what might happen if waiting time was dropped as a performance measure.

Suppose that the president proposes a new law aimed at reducing healthcare costs: All Americans are required to eat one apple daily.

a. How would this apple-a-day law affect the demand and equilibrium price of apples?

b. How would the law affect the marginal product and the value of the marginal product of apple pickers?

c. How would the law affect the demand and equilibrium wage for apple pickers?

"You're sick, we're quick," says a slogan announcing a newer healthcare business, the Minute Clinic. Staffed by either a nurse practitioner or physician's assistant, the clinics are located in drugstores and shopping centers. They treat walk-ins with routine problems for minimal cost. The clinics have begun to attract public attention. Some critics, however, call this type of medial care "inappropriate." Write a paragraph explaining what the clinic's business philosophy might be, and express your opinion about the clinic's pros and cons.

Abbreviations used in general disorders of the gastrointestinal system. Healthcare providers often use abbreviations when communicating verbally and in writing. Fill in the blank with the correct abbreviation from the provided word bank. LO 5.3, 5.A, 5.E

IBD IBS GI

A patient complaining of unpredictable bouts of diarrhea that had no known cause was diagnosed with .

Suppose that the president proposes a new law aimed at reducing healthcare costs: All Americans are required to eat one apple daily. a. How would this apple-a-day law affect the demand and equilibrium price of apples? b. How would the law affect the marginal product and the value of the marginal product of apple pickers? c. How would the law affect the demand and equilibrium wage for apple pickers?

The average age of hospital inpatients has gradually increased to $52.5$ years. Studies of two major healthcare systems found the following information. At the $0.05$ level of significance, is there sufficient evidence to conclude a difference between the two variances?

Perform the following steps. Assume that all variables are normally distributed.

a. State the hypotheses and identify the claim. b. Find the critical value. c. Compute the test value. d. Make the decision. e. Summarize the results.

Use the traditional method of hypothesis testing unless otherwise specified.

Let's say the president of the United States wishes to estimate the percentage of the population that agrees with his present stance on changes to the healthcare system. The estimate must be within.04 of the actual proportion, according to the president. Count on a 95% level of certainty. The political advisers to the president located a comparable poll from two years prior that showed 60% of respondents were in favour of making changes to the health care system. Using this, find how large of a sample is required?

According to the Gallup Poll, $27\%$ of U.S. adults have high levels of cholesterol. Gallup reports that such elevated levels "could be financially devastating to the U.S. healthcare system" and are a major concern to health insurance providers. According to recent analyses, cholesterol levels in healthy U.S. adults average about $215 \mathrm{mg} / \mathrm{dL}$ with a standard deviation of about $30 \mathrm{mg} / \mathrm{dL}$ and are roughly Normally distributed. If the cholesterol levels of a sample of 42 healthy U.S. adults are taken,

b) What would the mean of the sampling distribution be?