Please read “The Stratton Township Park” on pages 308-311 in your course textbook. Complete questions 1-5 listed

MHA
5001 Unit VII Homework

Please read “The
Stratton Township Park” on pages 308-311 in your course textbook. Complete
questions 1-5 listed below and found on pages 310-311 using the information
found in the case study and any of the required reading. Compile your answers
in a Word document, and upload it in Blackboard.

Question 1:

Prepare an annual
program budget for the Stratton Township Park including golf operations; the
pool; concerts; other park activities including tours, nature visitors, and
general concessions; and administrative costs. Show the line-item details for
each function by natural account and summarize the budget for the park as a
whole.

Because of the current
fiscal situation, the Stratton Township needs to reduce its operating costs. As
usual, the park is on the list of targeted operations. As the finance director
for the township, you have been asked to work with the park’s manager to
explore possible options.

Question 2:

Based on the information
in the budget, find the break-even green fees for the golf course and the
break-even admissions charges for the pool. You may assume that the volume of
users will not change with increases in pricing. You may also assume that the
course will operate for a full 130 days.

a)
Do both break even
analyses based on the cost of delivering services with and without the
allocated management salaries.

b)
Do you think the park
can realistically charge these fees to park users? What might the consequences
of raising fees be economically, politically, and in a public relations sense?

Question 3:

The park manager wants
to know whether it makes sense to shut down one or more of the operations at
the Stratton Township Park. Determine the impact of shutting down the golf
course, the pool, the concert series, and the tours, and show the overall
marginal impact of making each of these changes. Be sure to include all
marginal revenues and all marginal expenses in your calculations.

Question 4:

After completing these
analyses, the manager has decided to recommend three changes to the Park’s budget.

First, he plans to
increase green fees for golf to $5 above the break-even price excluding
allocated management costs and rounded to the next highest multiple of $.50.
Since competitive private clubs in the region cost $100 or more for a round of
golf, he does not believe that an increase in price will result in a decline in
the number of golfers using the course.

Second, he wants to
raise pool admission charges to $4.50. Given the demographics of those who use
the pool, he believes that raising prices by $1.00 will result in a 5% drop in
attendance.

Third, he wants to
eliminate three of the concerts the township had planned for the next year.

Prepare a revised budget
for the Stratton Township Park reflecting these changes. Will these budget
modifications meet the township’s goal of reducing the subsidy it would have
given to the park in the next fiscal year by 20%?

Question 5:

After receiving your
analysis of the impact of eliminating the concerts and raising green fees and
pool admission charges, the park manager has asked you to come up with some
additional proposals for meeting the township’s subsidy reduction goal. What
would you recommend?

MHA5001 Unit VII Assessment

Question 1

Donations in cash are
easy to measure. What is the treatment that not-for-profit organizations use
for donated goods and services?

Your response must be at
least 75 words in length. You are required to use at least your textbook as
source material for your response. All sources used, including the textbook,
must be referenced; paraphrased and quoted material must have accompanying
citations.

Question 2

How does the accounting
industry define a not-for-profit organization and a voluntary health and
welfare organization (VHWO)?

Your response must be at
least 75 words in length. You are required to use at least your textbook as
source material for your response. All sources used, including the textbook,
must be referenced; paraphrased and quoted material must have accompanying
citations.

Question 3

Distinguish between the
way investor owned and not-for-profit healthcare organizations treat
investments.

Your response must be at
least 75 words in length. You are required to use at least your textbook as
source material for your response. All sources used, including the textbook,
must be referenced; paraphrased and quoted material must have accompanying
citations.

Question 4

To what extent do
not-for-profit organizations have the ability to choose among the following:

a. using depreciation,

b. ignoring
depreciation,

c. maintaining building
and equipment on the balance sheet at their original cost,

d. showing such assets
at their market value,or

e. completely charging
such assets such as expenses in the year acquired?

Your response must be at
least 75 words in length. You are required to use at least your textbook as
source material for your response. All sources used, including the textbook,
must be referenced; paraphrased and quoted material must have accompanying
citations.

MHA
5001 Unit VII Discussion Board

Chapter 11 did not specifically discuss whether
healthcare organizations must depreciate their buildings and equipment. Do you
believe that such depreciation is or is not required? Why?

Explanation & Answer

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