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Author Question: In preparing a budget, the nurse manager needs to anticipate the cost of benefits (e.g., health, ... (Read 111 times)

jjjetplane

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on: Jul 8, 2018
In preparing a budget, the nurse manager needs to anticipate the cost of benefits (e.g., health, life insurance, pension and retirement plans).
 
  Based on the usual cost of benefits, how much should a nurse manager include for a total full-time salary cost of 312,000?
 
  a. 78,000-93,600
  b. 62,400-78,000
  c. 46,800-93,600
  d. 31,200-46,800

Question 2

A nurse manager is planning to request three new infusion pumps at a cost of approximately 1500 each. What would BEST support the capital request?
 
  a. Number of patient care hours anticipated for the year
  b. Cost comparisons; how much and how often infusion pumps are used; condition of existing pumps
  c. Outline of cost for each pump
  d. Estimation of total cost; no further details


tuate

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Reply #1 on: Jul 8, 2018
Answer to Question 1

ANS: C
The average cost of benefits is approximately 25 to 30 of a full-time employee's salary. In this example, the correct response is obtained by multiplying the total full-time salary cost by .25 and .30.

Answer to Question 2

ANS: B
Complete well-documented justifications are needed because the competition for limited resources is stiff. Justifications should be developed using the principle of any business case and should include, at minimum, projected amount of use; services duplicated or replaced; safety considerations; need for space, personnel, or building renovation; effect on operational revenues and expenses; and contribution to the strategic plan.


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