Indicate whether you agree or disagree with the following statement: “Renting a home is financially more advantageous than buying a home.” Include examples and apply the course readings for the current week to justify your answer. A substantial initial response comprising a minimum of 100 words is required. Your initial response must be formatted using …
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These are my parts:
e.Strategies for implementation of measurable outcomes
f.Barriers
g.Description of group process
h.Conclusion
Guidelines
Based off the papers I read, we can go with validity of Patient Safety Indicators and their cost-effectiveness being our problem. Cost-effectiveness would be affected by the validity because if Patient Safety Indicators are not valid, cost-effectiveness decreases since there are still more potential adverse events that could be happening that are not being recorded by the patient safety indicators.
P: every client <– we can narrow this if you want
I: Patient Safety Indicators
C: Using patient safety indicators and not using them/valid indicators vs more updated indicators
O: Patient safety outcomes and cost
T: within the next 5 years
I came up with this: “Are patient safety indicators valid and cost-effective regarding improving patient safety outcomes?”
Hopefully this combined PICOT question puts us in a more narrow direction. Feel free to change it.
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At the request of the compliance manager, your department has been recommended for an internal audit. A quick review of your procedures shows deficiencies in your department’s way of collecting data. In an effort to get ready for the upcoming audit, you need to become familiar with the steps that are involved in preparing for an audit. Choose from the following 2 subjects, and then address all of requirements listed under it:
Credentialing/Recredentialing
Wellness and Health Promotion (WHP)
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BETHESDA MINING COMPANY
Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market.
The coal mining industry, especially high-sulfur coal operations such as Bethesda, has been hard-hit by environmental regulations. Recently, however, a combination of increased demand for coal and new pollution reduction technologies has led to an improved market demand for high-sulfur coal. Bethesda has just been approached by Mid-Ohio Electric Company with a request to supply coal for its electric generators for the next four years. Bethesda Mining does not have enough excess capacity at its existing mines to guarantee the contract. The company is considering opening a strip mine in Ohio on 5,000 acres of land purchased 10 years ago for $5.4 million. Based on a recent appraisal, the company feels it could receive $7.3 million on an aftertax basis if it sold the land today.
Strip mining is a process where the layers of topsoil above a coal vein are removed and the exposed coal is removed. Some time ago, the company would simply remove the coal and leave the land in an unusable condition. Changes in mining regulations now force a company to reclaim the land; that is, when the mining is completed, the land must be restored to near its original condition. The land can then be used for other purposes. As they are currently operating at full capacity, Bethesda will need to purchase additional equipment, which will cost $43 million. The equipment will be depreciated on a seven-year MACRS schedule. The contract only runs for four years. At that time the coal from the site will be entirely mined. The company feels that the equipment can be sold for 60 percent of its initial purchase price. However, Bethesda plans to open another strip mine at that time and will use the equipment at the new mine.
The contract calls for the delivery of 500,000 tons of coal per year at a price of $60 per ton. Bethesda Mining feels that coal production will be 750,000 tons, 810,000 tons, 830,000 tons, and 720,000 tons, respectively, over the next four years. The excess production will be sold in the spot market at an average of $48 per ton, Variable costs amount to $21 per ton and fixed costs are $3.7 million per year. The mine will require a net working capital investment of 5 percent of sales. The NWC will be built up in the year prior to the sales.
Bethesda will be responsible for reclaiming the land at termination of the mining. This will occur in Year 5. The company uses an outside company for reclamation of all the company’s strip mines. It is estimated the cost of reclamation will be $3.9 million. After the land is reclaimed, the company plans to donate the land to the state for use as a public park and recreation area as a condition to receive the necessary mining permits. This will occur in Year 5 and result in a charitable expense deduction of $7.3 million. Bethesda faces a 38 percent tax rate and has a 12 percent required return on new strip mine projects. Assume a loss in any year will result in a tax credit.
You have been approached by the president of the company with a request to analyze the project. Calculate the payback period Should Bethesda Mining take the contract and open the mine?
Calculate Payback period with explanation of answer and impact on decision ?
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