answer questions. questions 3 through 4 should be 200 words
1. What are some other ways healthcare organizations can cut administrative or indirect costs in an effort to prevent financial ruination? Explain your answer.
2. If you were a leader for a health care organization, who would you appoint to be responsible for implementing a financial plan? How frequently would you suggest that your organization review and update their financial plans? Defend your answer.
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3. Explain how management-control is used in conjunction with financial planning.
4. Explain in detail the four steps involved in developing a financial plan. Provide examples for each step.
5. Calculate the operating margin using the following information. Be sure to show your work.
|
Current asset |
450,000 |
|
Current liabilities |
375,000 |
|
Total operating revenues |
3,000,000 |
|
Operating income loss |
250,000 |
6. Calculate the current ratio using the following information. Be sure to show your work.
|
Current asset |
450,000 |
|
Current liabilities |
375,000 |
|
Total operating revenues |
3,000,000 |
|
Operating income loss |
250,000 |
