HCS 405 Week 5 Benchmark Assignment—Income Statement Worksheet and Template | eBooks | Education

HCS 405 Week 5 Benchmark Assignment—Income Statement Worksheet and Template

HCS 405 Week 5 Benchmark Assignment—Income Statement Worksheet and Template PLDZ-6175
In Stock
$ 10.00 USD
UopTutorialStore
Buy and Download   > Description

HCS 405 Week 5 Benchmark Assignment—Income Statement Worksheet and Template 

https://zh.scribd.com/document/343514419/Uop-Tutorial

 

HCS 405 Week 5 Benchmark Assignment—Income Statement Worksheet and Template

 

Complete the Income Statement Worksheet and Template.

Format your assignment according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

Income Statement Worksheet

 

Resource: Week Two Operating Budget Assignment

 

Consider the following scenario:

 

A month after submitting and receiving approval of the ABC Health Care Operating Budget, you receive an email from the chief financial officer (CFO) informing you the financial data of the organization has been reported and it shows the organization reported a loss for the month. He is requesting you to complete and review the income statement to determine what category(s) suffered a loss and adjust your expenses to show a profit for the incoming month. You will be responsible for presenting the adjusted budget to the board of directors showing a profit and will need to explain your new budgetary figures.

 

Complete an income statement using the ABC Health Care Income Statement Template.

 

The CFO provided you with the following figures to input in the income statement:

 

Your clinic received $175,000 from the government as fee-for services reimbursements, as well as $80,000 from private payers. The clinic had a fund-raiser that brought in $26,000 and the grants department brought in $25,000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Categories Monthly Expense
Monthly salaries $165,000
Monthly benefits $  42,500
Monthly rent $  80,000
Monthly insurance $    3,750
Monthly depreciation $    1,700
Monthly overhead $  18,000
Monthly supplies $    4,500
Monthly utilities $    7,600

 

 

 

Write a 700- to 1,050-word executive summary that explains the adjusted budget showing a profit and your new budgetary figures.

 

Include the following in your summary:

 

 

 

    • Summarize the scenario.

 

 

    • Analyze the monthly revenues you think need to be adjusted.

 

 

 

 

 

 

    • Which revenues can be increased and by how much?

 

 

    • How will the adjustments affect the organization?

 

 

 

 

 

 

    • Analyze the monthly expenses you think need to be adjusted.

 

 

 

 

 

 

    • Which expenses can be cut and by how much?

 

 

    • Are the expenses variable or fixed?

 

 

    • How will the adjustments affect the organization?

 

 

 

 

 

 

    • Explain your budgetary recommendation to your CFO.

 

 

 

 

 

 

    • Are you recommending a profit or a breakeven point?

 

 

    • How much of the expenses do you propose should be cut to make a profit?

 

 

    • How much of the revenues do you propose to increase to make a profit? If applicable.

 

 

 

 

 

 

    • Analyze how you determine if your recommendations are ethically sound.

 

 

 

 

Cite at least 2 sources, including your textbook.

Format your assignment according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

HCS 405 Week 5 Benchmark Assignment—Income Statement Worksheet and Template https://zh.scribd.com/document/343514419/Uop-Tutorial HCS 405 Week 5 Benchmark Assignment—Income Statement Worksheet and Template Complete the Income St
Recent Reviews Write a Review
0 0 0 0 reviews