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Question 1: If you were going to build a dashboard or a balanced scorecard for a nursing home, what key performance indicators might you use? Explain and elaborate on why your suggested key performance indicators are crucial to effective financial management of a nursing home organization. Think what you would be held accountable for as a manager and develop some easy to read ratios to show history and progress to support your management objectives.
Question 2: Consider if this dashboard would be different if you managed a for profit versus a not for profit. What would be the different indicators and emphasis. (Think about the different missions of these organizations)
Adam Wilton turned 20 years old today. His grandfather had established a trust fund that will pay him $88,000 on his next birthday. However, Adam needs money today to start his college education, and his father is willing to help. Determine the amoun..
Describe the evolution of a statement of financial accounting standards. Why would it be advantageous for U.S. GAAP and IFRS/IAS to be the same?
Describe the fiduciary funds. Specifically, describe the characteristics of; the pension trust fund; the private purpose trust fund; the investment trust fund. Also, discuss why these funds use full accrual accounting and the economic resources measu..
For the next few weeks AD Agency is offering a 10% trade discount when providing advertising services of $35,000 or more to its customers to encourage customers to buy in bulk. The Agency also offers 2/10, n30 on all credit sales. What amount of reve..
Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. Prospective approach. Changes in reporting entity. Disclosure note.
Calculate the flexed budget and the key variances between budgeted and actual results. Reconcile the original budget and present the relationship between the budgeted and the actual profit for the month November.
Given that you have invested in this portfolio, what can be inferred about your expectations regarding the stock's price on the expiration date?
If the MARR is 10% per year, how much can the hospital afford to pay for this device? Use an excel spreadsheet in your solution.
His employees can be found on many of the major intersections hawking his wares out of the backs of station wagons and pickup trucks. What is best way for this business to ensure that sales data entry is efficient and accurate?
Numerous corporate scandals occurred in the decade leading up to the financial crisis that began in 2007 and lasted into 2009. Pick a specific event (e.g., a scandal or a collapse) and analyze the key players (i.e., corporations and regulators) invol..
Snake Creek Company has one trusted employeewho, as the owner said, handles all of the book-keeping and paperwork for the company. This employee is responsible for counting, verifying, and recording cash receipts and payments, making the weekly bank ..
On March 31,2016 Jonathan and Michelle sold their personal residence for $529,000. The sale was conditional on them replacing the driveway at a cost of $6,400. They also repainted the house at a cost of $2,800. The real estate commission on the sale ..
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