Discuss the need for working capital

Assignment Help Financial Management

Reference no: EM131593243

Assignment: Time Value of Money

Objectives:

Assess financial data sources and make recommendations for data reporting in support of decision making.

Compose a plan to evaluate recent changes in federal, state and local policies and how they impact financial management and decision to be made as a result of the policies.

Assignment:

You are the chief financial officer (CFO) at a community hospital. One of the comments that has come back from patient surveys is the need for a commercial 24-hour pharmacy within the hospital. In this way, patients or their families will be able to fill prescriptions and begin taking ordered medication right away instead of waiting until the following day. The chief executive officer (CEO) wants you to create a proposal for the first 3 months of operation utilizing time value of money tools for the development of this new revenue-generating department. The following points must be covered in your proposal:

• Include and discuss the need for working capital to include 2 months of startup drug inventory, vendor financing arrangements, personnel costs including salaries and benefits, renovations, disposable supplies, and cost of equipment

• Provide 2 viable options to measure the rate of return to optimize financial performance of the department based on time value principles with rationale and justification.

• Include a profitability analysis for 3 years.

• Include a schedule of assumptions for your proposal. What questions might the board ask regarding feasibility of this proposal?

• How might current changes in federal, state, and local policies influence decisions to be made?

For a resource guide on using the online library to search for references, click here.

The body of the resultant paper should be 5-7 pages and should include at least 5 relevant academic or professional references published in the past 5 years.

A Strong Introduction is Requested, NO Abstract Necessary. This Must Be Plagiarism Free! I Will Pay $18.00.

Reference no: EM131593243

Questions Cloud

Patients a menu of our services and medications : How we should just hand patients a menu of our services and medications when they come in and let them order

Express each year income statement : A comparative income statement is given below for McKenzie Sales Ltd., of Toronto, Express each year's income statement in common size percentages

Benefits of joining a professional organization : Do research to find any professional organization or code of ethics associated with your current or desired future career.

Strategies for managing disagreements : The authors of the "Want Collaboration?" article (located in Day 6 of this week) identify three strategies for managing disagreements

Discuss the need for working capital : discuss the need for working capital to include 2 months of startup drug inventory, personnel costs including salaries and benefits.

Hr manager in a contemporary firm : Imagine that you are an HR manager in a contemporary firm and answer the following:

What is the communication style encouraged : What is the communication style encouraged by the presenters in the TED talk videos? In other words, how should we be communicating with children?

What are the elements of sustainable aquaculture : What are the elements of sustainable aquaculture? Will the growth of aquaculture predicted by the FAO Report alleviate some of the pressure on wild fish.

Discuss three primary threats to marine fisheries : Discuss three primary threats to marine fisheries. Do you think that Carl Safina's suggestions would work to address these issues? Why, or why not?

User Account

All Pages