What is the difference between an expense and a cost

Reference no: EM131346776

Financial Management for Health Care class need quality original work.

EACH QUESTION MUST BE Minimum of 450-500 words in length and properly sourced.

List the questions answered

Question 1:

Examine the different roles that a manager plays in the financial success of a business.

1. Include in your response an explanation of the different forms of business organizations and provide a benefit of each type for maximizing profits.

2. Include in your response an explanation of the different types of financial statements. Define in detail

3. Explain the relationship of managerial finance to economics and accounting

4. Discuss the relationship between stockholders/shareholders, bondholders, and the financial manager.

Question 2:

What is the common accounting equation that reflects the relationship among liabilities, owner's equity, and assets? Define each

Exercise:

Place each one in the proper order so that the equation from above equals: (show your work)

Cash	89,000
Accounts Payable	25,000
Buildings	1,000,000
Mortgage Payable	250,000
Retained Earnings	837,000
Payroll Taxes due	9,000
Patient receivables	55,000
Accounts payable: Supplies	23,000

What is the difference between an expense and a cost.

Reference no: EM131346776

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