Discuss five ways in income statements

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Terri Settles is a registered dietitian (RD). She supervises five hospitals for Maramark Dining Services, the management company the hospitals have selected to operate their food services. Her company produces a monthly and annual income statement for each hospital.

Question:

  1. Discuss five ways in which income statements can help Terri do her job better.
  2. What would a hospital do with "profits" or surpluses made in the food service area?
  3. What effect will "profit" or "loss" have on the ability of Terri's company to continue to manage the food services for these hospitals?

Reference no: EM132706329

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