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Assignment:
To prepare a budget you need to know the expenses, and incoming revenues. By understanding the incoming revenues, you can understand the money that is available to fund the company. Then you can outline all the essential expenses that must be paid. Next, you can list all the non-essential items and decide what is needed so that you can stay within your budget.
Initial Post: Create a new thread and answer all three parts of the initial prompt below
1. Explain how you would decide which items would be considered essential in a healthcare setting.
2. Explain how you would decide which items would be considered non- essential in a healthcare setting.
3. What information would you need to create a budget for a health care facility?
Annual demand for a part is 500 units. The pan is currently produced in batches. It takes 2.0 hr to set up the production machine for this pan.
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