How you developed the balance sheet

Assignment Help Financial Management
Reference no: EM131291597 , Length: word count:700

Consider the following scenario:

Imagine you are a manager of a small health care facility and in charge of developing an annual balance sheet to help your stakeholders understand the organization's financial standing.

Your health care facilities figures are as follows:

Your facility has $700,000 of cash on hand, $1,300,000 in accounts receivables, $175,000 in inventory, and $150,000 in supplies.

Your chief financial officer has provided you with the following assets:

Land value

$3,000,000

Property value

$   187,500

Plant value

$   187,500

Investment income (loss)

$   147,000

Equipment value

$   350,000

Your chief financial officer has provided you with the following liabilities:

Accounts payable

$1,400,000

Wages payable

$   480,000

Taxes payable

$   225,000

Loans payable

$   70,000

Accounts payable

$   68,000

Your chief financial officer has provided you with the following owners equity:

Retained earnings

$   148,000

Stock

$   340,000

Using the ABC Health Care Balance Sheet template, complete a balance sheet in which you include the net profit (loss).

Write a 350- to 700-word executive summary that explains to the board of directors how you developed the balance sheet and its importance.

Include the following in your summary:

  • Explain the process for creating a balance sheet.
  • Explain the total assets, liabilities, and net worth (loss).
  • Explain the use of profitability, liquidity, and debt ratios.

 Cite at least 2 sources, including your textbook.

Format your assignment according to APA guidelines.

Reference no: EM131291597

Questions Cloud

Address each of the suggestions for change : Discuss why both the individual and society should be concerned about current and future implications of this issue. Address each of the suggestions for change. Your opinion is valued in this summary.
Watch a movie related to science and give the reviews : Explore developmental characteristics of the family as a unit across the lifespan.Examine health patterns and practices transmitted across generations.
How can you personally work toward achieving gender parity : Despite major progress, gender inequality remains an issue today. How can you personally work toward achieving gender parity, be it now or in the future?
Vulnerabilities and the best way to prevent exploitations : You have provided the team ways to check for vulnerabilities, but now the team is requesting information on how intruders gather information to exploit these vulnerabilities and the best way to prevent exploitations.
How you developed the balance sheet : Write a executive summary that explains to the board of directors how you developed the balance sheet and its importance.Include the following in your summary:Explain the process for creating a balance sheet.Explain the total assets, liabiliti..
What would be your response to the employee : As a manager, what would you do in this situation? What would be your response to the employee? Justify your answer.
Civilian and federal it infrastructure : With the current increase in security breaches affecting both the civilian and federal IT infrastructure, it is clear that there are no real IT solutions that can totally protect or provide a 100% defense against threats.
What was the spanish civil war fought about : What was the Spanish Civil War fought about? Which side won - At the end of the Spanish Civil War, how did Franco deal with the remaining resistance to his fascist regime?
System and database design on internet shopping sites : System and database design on Internet shopping sites. You can suggest a topic related with your work/interest or use one from the list below.

Reviews

Write a Review

 

Financial Management Questions & Answers

  Gilbert is considering purchasing the side steamer

Gilbert is considering purchasing the Side Steamer 3000 which cost $12,000 and has an estimated useful life of 6 years with an estimate salvage value of $1,500. This steamer falls into the NARC 5-year class with rates as 20.00%, 32.00%, 19.20%, 11.52..

  Depreciation deduction and unrecovered investment

Electric generating and transmission equipment is placed in service at a cost of $3,100,000. It is expected to last 30 years with a salvage value of $250,000. What is the MACRS-GDS property class? Determine the depreciation deduction and the unrecove..

  Stock portfolio-what is the portfolio beta

You own a stock portfolio invested 27 percent in Stock Q, 17 percent in Stock R, 43 percent in Stock S, and 13 percent in Stock T. The betas for these four stocks are 0.96, 1.02, 1.42, and 1.87, respectively. What is the portfolio beta?

  Dwelling replacement value-standard limits for coverage

Last year, Paul and Joanna Stillman bought a home with a dwelling replacement value of $200,000 and insured it (via an HO-5 policy) for $164,000. The policy reimburses for actual cash value and has a $500 deductible, standard limits for coverage C it..

  Corporate valuation problem

Barrett Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Barrett does not pay any dividends, and it has no plans to pay dividends in the near future. What is the present value ..

  Find the uniform annual amount that is equivalent to uniform

Find the uniform annual amount that is equivalent to a uniform gradient series in which the first year’s payment is $500, the second year’s payment is $600, the third year’s payment is $700, and so on, and there is a total of 20 payments. The annual ..

  What is the percentage change in the price

Both Bond Sam and Bond Dave have 8 percent coupons, make semi-annual payments, and are priced at par value. Bond Sam has three years to maturity, whereas Bond Dave has 20 years to maturity. If interest rates suddenly rise by 2 percent, what is the pe..

  What will be its dividend payout ratio

Puckett product is planning for $5 million in capital expenditures next year. Puckett’s target capital structure consists of 60% debt and 40% equity. If net income next year is $3 million and Puckett follows a residual distribution policy with all di..

  Expected return-standard deviation and tandard deviation

Suppose the expected returns and standard deviations of Stocks A and B are E(RA) = .092, E(RB) = .152, σA = .362, and σB = .622. a-1. Calculate the standard deviation of a portfolio that is composed of 37 percent A and 63 percent B when the correlati..

  Consider when evaluating a firm using ratio analysis

All the following are cautions managers and investors should consider when evaluating a firm using ratio analysis EXCEPT:

  Derive a formula giving the 4 year interest rate

Using the expectations theory without term premiums, derive a formula giving the 4-year interest rate in 2020 as a function of 2-year rates in 2020 and the future.

  Part of business selling modems for network connection

Part of your business is selling modems for network connection. Demand for modems in your store is about 8,000 units per year. Ordering a shipment of modems costs about $500 in processing. A modem costs you $150 and holding a modem in inventory costs..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd