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Analyze how this affects your net profit

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Reference no: EM132170250

You chose a type of business and form of ownership for your health care company. You've also come up with a mission statement, values and vision statement, and corporate goals. The final step is to create a Profit and Loss (AKA Income) Statement based on your health care business. Please complete the following steps for the health care business that you are creating in this class:

STEP 1: Review the Profit and Loss video to learn how to create your Profit and Loss Statement.

STEP 2: Open and save the Profit and Loss Statement template. Answer each question and scenario below using the template and figures as your guide.

1. Set up the attached Profit and Loss Statement for your health care business according to the Profit and Loss video.

2. After determining what your net profit is for the year, increase revenue for half of the year by 20% and raise expenses in each category by 5%.

3. Increase cost of goods by 25% and analyze how this affects your net profit. Please note that you will not have cost of goods sold if you are not selling inventory.

4. Write a one page summary of your projected revenue and expense increase based on your analysis. How does this affect your staff, productivity, or salaries?

5. Assume that next year your insured clients will pay 1/2 of what they did for your product/service during the first year of your company's business. How will this affect your bottom line?

Attachment:- assignment.zip

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This assignment contains analysis of different assumptions for preparing the projected profit and loss account. The projections are being prepared in accordance with the different percentage increase or decrease in the level of sales and expenses. The profit also changes with the change in the level of revenue and expenses. The projection which provides highest net profit should be selected in order to achieve future growth and sales. The declining net profit may also lead to reduction in the level of the satisfaction of employees.

Reference no: EM132170250

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Reviews

len2170250

11/19/2018 12:33:53 AM

This is a health care finance homework, at the beginning of class, we had to create a small health care facility. so now we have to do the loss and profit assigment for that same facility

len2170250

11/19/2018 12:32:30 AM

Type your name in the upper-right corner of this page next to Last Name Save your file as a Word document (.docx). Include the term Finaland your Last Name when saving your file. Example:Final_Smith.docx Upload your completed document using the Browse button Save your Profit and Loss Statement as an Excel file (.xls or .xlsx) with the term PL and your Last Name. Example:PL_Smith.xlsx Upload the PL_Smith.xlsx file by clicking the Add Another Filebutton and browsing for the file Click the Submit button to attach both files and send to the instructor

len2170250

11/19/2018 12:32:08 AM

Earlier in this course, you chose a type of business and form of ownership for your health care company. You’ve also come up with a mission statement, values and vision statement, and corporate goals. The final step is to create a Profit and Loss (AKA Income) Statement based on your health care business.

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