Case Study #1 – Break Even Analysis Scenario:  (hypothetical) Paper due – day 7 Break-even exercise Break-Even Analysis or Cost Volume Profit Analysis (CVP) The California Medical Hospital is a full service hospital in Burbank, CA.  Kathy Potts, the Chief Surgeon and Regina Johnson, the Hospital Administrator, have been working on a project to bring a new product to their hospital, knee replacements, to expand the services provided in hopes of bringing in additional revenue. After much analysis and market studies the two are ready to present their findings to the board.  You are the Finance Director who has put the information together.  They have decided that a new knee replacement will cost $17,000.  The supplies used will cost the hospital $9,500 and the selling expenses paid amount to $3,000 per knee.  The wing they will use will rent for $15,500 per month and the surgeon will receive a fixed salary of $25,000 per month.  (Show your work on all problems) 1. Determine the number of knee replacements (in units) that particular wing must perform each month to break even.  (Break-Even Point or BEP).  In other words how many knee replacements must the surgeon perform each month to break-even? 2. Determine the number of knee replacements that particular wing must perform in order to generate a profit of $100,000 per month. 3. Assume that the surgeon can now open a clinic on his own with the following costs: Variable costs = $9,500 per knee One additional employee at a cost of $1,000 per month Everything else remains the same from above Determine the number of knee replacements to break-even. 4. Determine the number of knee replacements needed to generate a profit of $100,000 per month What scenario would you recommend and why? 5. Please graph scenario #1 only. Use EXCEL to draw the graph.  Label the X and Y axis.  Plot the break-even point and show the fixed cost line.  ( I only want to see three lines on the graph and the rest should be labelled) 6.  Define break even analysis and its importance in the health care industry 7.  Define variable costs 8.  Define contribution margin 9.  Define fixed costs 10.  Compare and contrast a variance analysis and a sensitivity analysis PSYC 341 Criteria Points Possible Points Earned Three full-text, scholarly articles submitted in PDF format. 0 to 9 points Main points of each article are clearly summarized, clear indication of which topic each article relates to and meets the 300–500-word requirement. 0 to 24 points Correct use of spelling and grammar. 0 to 9 points The assignment is double-spaced, uses 12-point, Times New Roman font with 1-inch margins and is written in third person. 0 to 12 points Paraphrasing is used with citations cited correctly in current APA format* 0 to 15 points References included at the beginning of each summary, in proper APA format and published within the last 7 years. 0 to 21 points Total /90Instructor’s Comments: Annotated Bibliography Grading Rubric * I ...

1. Case Study #1 – Break Even Analysis
Scenario: (hypothetical)
Paper due – day 7
Break-even exercise
Break-Even Analysis or Cost Volume Profit Analysis (CVP)
The California Medical Hospital is a full service hospital in
Burbank, CA. Kathy Potts, the Chief Surgeon and Regina
Johnson, the Hospital Administrator, have been working on a
project to bring a new product to their hospital, knee
replacements, to expand the services provided in hopes of
bringing in additional revenue.
After much analysis and market studies the two are ready to
present their findings to the board. You are the Finance
Director who has put the information together.
They have decided that a new knee replacement will cost
$17,000. The supplies used will cost the hospital $9,500 and
the selling expenses paid amount to $3,000 per knee. The wing
they will use will rent for $15,500 per month and the surgeon
will receive a fixed salary of $25,000 per month. (Show your
work on all problems)
1. Determine the number of knee replacements (in units) that
particular wing must perform each month to break even.
(Break-Even Point or BEP). In other words how many knee
replacements must the surgeon perform each month to break-
even?
2. Determine the number of knee replacements that particular
wing must perform in order to generate a profit of $100,000 per
month.
3. Assume that the surgeon can now open a clinic on his own
with the following costs:

2. Variable costs = $9,500 per knee
One additional employee at a cost of $1,000 per month
Everything else remains the same from above
Determine the number of knee replacements to break-even.
4. Determine the number of knee replacements needed to
generate a profit of $100,000 per month
What scenario would you recommend and why?
5. Please graph scenario #1 only. Use EXCEL to draw the
graph. Label the X and Y axis. Plot the break-even point and
show the fixed cost line. ( I only want to see three lines on the
graph and the rest should be labelled)
6. Define break even analysis and its importance in the health
care industry
7. Define variable costs
8. Define contribution margin
9. Define fixed costs
10. Compare and contrast a variance analysis and a sensitivity
analysis
PSYC 341
Criteria
Points Possible
Points Earned
Three full-text, scholarly articles submitted in PDF format.
0 to 9 points
Main points of each article are clearly summarized, clear
indication of which topic each article relates to and meets the
300–500-word requirement.

3. 0 to 24 points
Correct use of spelling and grammar.
0 to 9 points
The assignment is double-spaced, uses 12-point, Times New
Roman font with 1-inch margins and is written in third person.
0 to 12 points
Paraphrasing is used with citations cited correctly in current
APA format*
0 to 15 points
References included at the beginning of each summary, in
proper APA format and published within the last 7 years.
0 to 21 points
Total
/90Instructor’s Comments:
Annotated Bibliography Grading Rubric
* If you do not include any in-text citations in this assignment,
you will receive a zero for the assignment.
An annotated bibliography is a list of sources in which each full
reference listing is followed by a brief
paragraph that summarizes, describes, and/or critically
evaluates a source.
1-inch margin
1-inch margin

4. 1-
in
ch
m
ar
gi
n
1-
in
ch
m
ar
gi
n
Double spaced
evenly throughout
your paper with no
additional spacing
between
paragraphs or
bibliographical
entries.
Use hanging
indentation for the
full reference listing
at the beginning of
each entry.

5. Indent the first line
of your summary
paragraph.
Left justify—straight
left edge, ragged
right edge.
Cite appropriately.
Briefly summarize
the article.
Evaluate and/or
critique the
usefulness of the
article.
Use Times New
Roman, 12 pt. font.
Annotated Bibliography Sample
Fox, L., & Delgado, E. (2008). Mission accomplished: Choice
theory. International Journal of
Reality Therapy, 27(2), 50-51. Retrieved from
www.journalofrealitytherapy.com
William Glasser’s choice theory has consistently netted positive
results within
educational settings and addresses the needs of at-risk students.
Fox and Delgado (2008) reported

6. on the implementation, process, and results of a Secret Agents
Club they instituted as an after-
school group for at-risk students. Using a Secret Agents kit
created by Susan Mayes, Fox and
Delgado intentionally developed a program that incorporated
the principles of choice theory,
focusing in on four of the basic needs as defined by Glasser.
The implications of this program are
positive with self-actualization occurring in the participants at
their peer maturation level (Fox &
Delgado, 2008). Addressing the need for fun was another strong
point of the program, and Fox
and Delgado (2008) asserted that fun and belonging, along with
the students believing that they
could make a difference, were the driving forces in their Secret
Agents Club. Fox and Delgado
believe that the students self-actualized because of their
participation in the fun but structured
program through both individual and group activities. It is clear
that the authors enjoyed the
development, implementation, and results of their program.
However, discussions of any
limitations of their program or areas for improvement are
missing in this article, leaving a

7. somewhat biased view of the program. Regardless, this article
can be useful in demonstrating the
effectiveness of a program based on addressing Glasser’s five
basic needs to help at-risk
children.
Shillingford, M. A., & Edwards, O. W. (2008). Professional
school counselors using choice
theory to meet the needs of children of prisoners. Professional
School Counseling, 12,
62-65. http://dx.doi.org/10.5330/PSC.n.2010-12.62
Children of prisoners are particularly an at-risk population, and
in this article Shillingford
and Edwards (2008) clarify some of the challenges these
children face, such as increased stress,
violence, and abuse. The authors presented choice theory as a
viable therapeutic framework to
address the needs of this population, recognizing the importance
of including both school and
home environments with school counselors providing a link
between the two. Shillingford and
Edwards briefly reviewed Glasser’s choice theory, which
emphasizes five motivational needs

8. (survival, love and belongingness, power, freedom, and fun), as
well as offered an overview of
selected, pertinent research that espoused the effectiveness of
choice theory. A case illustration
was presented that demonstrated the implementation of choice
theory. Alonzo, the subject of the
case study, is an African American student whose father was
incarcerated for more than 5 years
at the time of the study. He was referred to Shillingford because
of frequent physical and verbal
altercations with other students and for swearing at his teachers.
Shillingford and Edwards
reported that choice theory was determined to be a good course
of action given the theory’s
emphasis that disconnectedness is a major cause of relational
and behavior problems. The
outcome of the therapeutic model was positive, showing
improved functioning of the student in
social, academic, and behavioral areas. Shillingford and
Edwards acknowledge limitations of
their study and the need for future research studies. This article
highlights aspects of choice
theory (such as the seven positive habits and seven deadly
habits) as part of the strategy used to

9. increase the functioning of children of prisoners and presents a
practical application of the theory
to help meet needs through an individual counseling approach.
However, as the article indicated,
more research should be done to further substantiate the value
of choice theory in this
application. Shillingford and Edwards conclude that choice
theory is a good theory for school
counselors to appropriate to help them teach children that they
can resolve problems themselves
and that choices have consequences, positive or negative.
Walter, S. M., Lambie, G. W., & Ngazimbi, E. E. (2008). A
choice theory counseling group
succeeds with middle school students who displayed
disciplinary problems. Middle
School Journal, 40(2), 4-12. Retrieved from
http://www.amle.org/ServicesEvents/MiddleSchoolJournal/tabid
/175/Default.aspx
Many middle school students exhibit disciplinary misconduct in
counter-reaction to their
distress and disengagement reactions driven by the
developmental needs of this transitional time.

10. Walter et al. (2008) assert that choice theory is a particularly
fitting approach to addressing the
negative attitudes and behaviors for at-risk students. The
authors succinctly review the principles
of choice theory and reality therapy as it specifically applies to
the middle school population. A
brief review of research is presented that indicated that choice
theory and reality therapy have
positive results in addressing disciplinary problems. After
addressing the educator’s role with at-
risk students, Walter et al. present a case example that
illustrates choice theory using a group
approach, consisting of 10 meetings. They broke the meetings
down into three phases,
elaborating on the process and progress the group achieved.
Teachers reported that they observed
improvements in the behavior of the students who participated
in the groups and that these
students became more engaging, enthusiastic, and happier.
Walter et al. gave a balanced analysis
of the case study. They shared implications for educators in
middle schools (such as becoming
advocates for students when issues arise that make it difficult
for students to implement good

11. choices) and noted that methodological issues arise when
researching the effectiveness of
intervention techniques with this population. The overview of
Glasser’s choice theory and reality
therapy included in this article and the breakdown of the phases
of the group experiences makes
this article a good source for a practical example of choice
theory at work.
If you are not very familiar with formating MS Word,
scroll down for additional help.
To create a hanging indent paragraph—for references.
Grab the top
triangle, if
necessary
and drag it to
the 0-inch
mark on the
ruler.
Click and drag
the bottom
triangle to the
1/2 -inch mark
on your ruler.
To type a
regular
paragraph,

12. your indents
on your ruler
should look
like one of the
illustrations to
your right.
To doublespace consistently throughout your paper.
Click on the
spacing icon in the
paragragh section
to intiate the drop-
down menu. Select
2.0 for double
spacing.
Make sure both
Add Space Before
Paragraph and
Add Space After
Paragraph is
showing. If either
says Remove
Space..., then click
to get the drop-
down menu again
and click on the
Remove Space...
to change it to Add
Space... as shown
to the right.

13. PSYC 341Annotated Bibliography Instructions
The Annotated Bibliography is the first building block of the
Research Paper. This assignment is important as it is enables
you to begin your research by selecting and reviewing three
scholarly journal articles, as well as practice using proper in-
text citations. At this point, take a moment to read and review
the Research Paper Outline and Research Paper Instructions
before completing this assignment.
Using the Liberty University Online Library, you will select
three full-text, scholarly (peer-reviewed) journal articles that
directly relate to one or more of the topics listed below and
have been published in the last seven years. Save each selected
article as a PDF file.
If you need assistance finding scholarly journal articles, click
here to learn how to navigate through Liberty University’s
online library.
The Annotated Bibliography needs to be directly linked and
clearly connected to one of the topics listed below. It is
recommended that three different topics are selected to find
related articles as this will begin the research process in three
different areas.
Any of the required topics that are selected should be viewed
from the perspective of: How is this related to personality?
Each topic (article selected) must be clearly connected to
personality.
1. Nature versus Nurture
2. The Unconscious
3. View of Self
4. Development
5. Motivation
6. Maturation
After reviewing each of the articles that have been selected and
saved, create a 300-500 word review (with in-text citations) for

14. each article. The summary (review) portion of the assignment
will give a general synopsis of each article that was reviewed
and should clearly note which portion of personality that the
article is related to.
Paraphrase; do not include any direct quotes. Proper use of in-
text citations is imperative. If in-text citations are not included
in this assignment, a zero will be assigned. Please read and
review the chapter on in-text citations in your APA manual. Do
not cite sources outside of the article that you are reviewing.
This assignment does not need to include a title page, abstract
page, or reference page; however, each reference must be listed
in current APA format at the beginning of each summary.
You will submit 4 documents total in your submission: the 3
PDF documents that you saved (1 for each article) and your
Annotated Bibliography submitted as a Microsoft Word (.doc or
.docx) file.
A grading rubric is provided to ensure you follow the
assignment expectations.
Submit your Annotated Bibliography by 11:59 p.m. (ET) on
Monday of Module/Week 3.Selecting Appropriate Journal
Articles
When searching Liberty University’s online library, from the
LUO Library home page, select “Advanced Search” and be sure
to click on the appropriate dates as well as under Show Only:
“Items with full text online”, “Scholarly materials, including
peer-reviewed”. Under Exclude from results: select all three.
To find useful articles, narrow the search by selecting, key
words or phrases to use as your search parameters. Remember,
the goal is to find articles that relate to personality and the six
items listed previously.
The articles selected must be from scholarly journals. It is
preferred that the journal have the word “Journal” in the title
(Journal of Marriage and Family, etc.). Ideally, each journal
that you review should have a Methods section as well as Data,
Results, and Conclusion sections, but these sections are not

15. required. You must not use book reviews, obituaries, magazine
articles, or online articles that have not been published in
scholarly journals.
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