Reference no: EM133133276

Question - Answer the following:

1. Compare and contrast the income statement and balance sheet.

2. How are the statements organized (e.g., revenue vs. expense, assets vs. liabilities, etc.) and how are they different (e.g., period of time [year vs. snapshot]) from one another?

3. As a nurse leader, how can you use these statements to provide value for your organization?

4. Briefly discuss fixed vs. variable costs. How do you (or can you), as a future nursing leader, play a part in this budget?

5. Respond to at least two classmates' posts offering additional information, a different perspective, links to relative articles/websites, etc.