HCS 405 Income Statement Worksheet and Template Solved

HCS 405 Income Statement Worksheet and Template Solved HCS 405 Income Statement Worksheet and Template Solved Complete the Income Statement Worksheet and Template. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. Income Statement Worksheet Resource: Week Two Operating Budget Assignment Consider the following scenario: A month after submitting and receiving approval of the ABC Health Care Operating Budget, you receive an email from the chief financial officer (CFO) informing you the financial data of the organization has been reported and it shows the organization reported a loss for the month. He is requesting you to complete and review the income statement to determine what category(s) suffered a loss and adjust your expenses to show a profit for the incoming month. You will be responsible for presenting the adjusted budget to the board of directors showing a profit and will need to explain your new budgetary figures. Complete an income statement using the ABC Health Care Income Statement Template. The CFO provided you with the following figures to input in the income statement: Your clinic received $175,000 from the government as fee-for services reimbursements, as well as $80,000 from private payers. The clinic had a fund-raiser that brought in $26,000 and the grants department brought in $25,000. Categories Monthly Expense Monthly salaries $165,000 Monthly benefits $ 42,500 Monthly rent $ 80,000 Monthly insurance $ 3,750 Monthly depreciation $ 1,700 Monthly overhead $ 18,000 Monthly supplies $ 4,500 Monthly utilities $ 7,600 Write a 700- to 1,050-word executive summary that explains the adjusted budget showing a profit and your new budgetary figures. Include the following in your summary: Summarize the scenario. Analyze the monthly revenues you think need to be adjusted. Which revenues can be increased and by how much? How will the adjustments affect the organization? Analyze the monthly expenses you think need to be adjusted. Which expenses can be cut and by how much? Are the expenses variable or fixed? How will the adjustments affect the organization? Explain your budgetary recommendation to your CFO. Are you recommending a profit or a breakeven point? How much of the expenses do you propose should be cut to make a profit? How much of the revenues do you propose to increase to make a profit? If applicable. Analyze how you determine if your recommendations are ethically sound. Cite at least 2 sources, including your textbook. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. HCS 405 Income Statement Worksheet and Template Solved Student Success Center Who We Are We are a professional custom writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. Do you handle any type of coursework? Yes. We have posted over our previous orders to display our experience. Since we have done this question before, we can also do it for you. To make sure we do it perfectly, please fill our Order Form. Filling the order form correctly will assist our team in referencing, specifications and future communication. Is it hard to Place an Order? 1. Click on the “Order Now” on the main Menu and a new page will appear with an order form to be filled. 2. Fill in your paper’s requirements in the “PAPER INFORMATION” section and the system will calculate your order price/cost. 3. Fill in your paper’s academic level, deadline and the required number of pages from the drop-down menus. 4. Click “FINAL STEP” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page. 5. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. Services Offered Custom paper writing Question and answers Essay paper writing Editing and proofreading Plagiarism removal services Multiple answer questions Guarantee ❖ Zero Plagiarism ❖ On-time delivery ❖ A-Grade Papers ❖ Free Revision ❖ 24/7 Support ❖ 100% Confidentiality ❖ Professional Writers

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