HIT238 Directed Clinical Practice BUDGETING PROCESS It is time for you to prepare the annual...
90.2K
Verified Solution
Link Copied!
Question
Accounting
HIT238 Directed Clinical Practice BUDGETING PROCESS It is time for you to prepare the annual departmental salary and operating budget for fiscal year 2022-2023. The fiscal year in your organization runs the same as the calendar year from January 1st to December 31st . You are the supervisor in the HIM department and you are asked to prepare the budget for the next year. The employees will be receiving a 2% salary increase and plan on operations to go up by 5%. Please project the salary budget and the operating budget using the tables below:
Salary budget
Position
2022 Current Salaries
2023
Director
$82, 000.00
Assistant Director
$74,000.00
Analyst/coder/abstractor
$48,500.00
Analyst/coder/abstractor
$46,000.00
Transcriptionist
$47,000.00
Transcriptionist
$45,000.00
Receptionist/clerk
$31,000.00
HIM Clerk
$30,000.00
Part-time HIM clerk
$16, 500.00
Total
Operating budget
Operation
2022
2023
Telephone
$2,000.00
Supplies
$1,050.00
Scanner
$10,000.00
Equipment
$22,000.00
Copy machine
$5,000.00
Education
$5,000.00
Total
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
