Determine the minimum level of cash reserves

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Reference no: EM133292110

Harrison y Harrison. (2013). Introduction to Health Care Finance and Accounting.

Review examples 8-2 and figure 8-6 on page 139 of the book Discuss the questions you will find on page 140 of the book:

1. What is the purpose of a cash budget?

2. In question 2, on page 140, how can you determine the minimum level of cash reserves needed to pay the operating costs of medical facilities without incurring loans?

3. Explain your understanding of the importance of knowing how to intelligently discuss these issues with the health entity accountant. For example, why is it important for health managers to have knowledge about accounting and finance?

Reference no: EM133292110

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