Sophie has been saving money at a regular rate and noticed that x months after her 15th birthday, she had saved a total of 20x + 244 dollars. Which of the following statements correctly describes her savings plan? How did you get that answer?
A) By her 15th birthday, she had saved 20 dollars and was able to save an additional 224 dollars each month afterwards.
B) By her 15th birthday, she had saved 224 dollars and was able to save an additional 20 dollars each month afterwards.
C) She had saved a total of 244 dollars by her 16th birthday.
D) None of the above.
The solution gives detailed steps on setting a linear equation using the example of saving plan. All the formula and calcuations are shown and explained. An excel output is also included.
Hello BrainMass OTAs,
I need help with two questions strictly related to healthcare/hospital mergers.
1. Evaluate this assertion: since 1997 there has been a steady decline in hospital mergers. A major reason for this decline has been the lack of anticipated cost savings from the mergers.
2. Also, if a health care merger goes wrong what are the chances of a successful "demerger?"
BrainMass OTA, please provide you ideas in a concise less than 150 words per question. I need this to the point, succinct and brief because OTAs tend to confuse me with verbose, too in-depth analysis in which I can draw from for my own response. Please, use as much plain English as possible.
In your response I would like you to reference the attached chapter from McLean, Robert A. (2003). Financial Management in Health Care Organizations (2nd ed.). Albany, NY: Delmar Publishers.View Full Posting Details