Net Income: Revenue– Expenses
Net Sales: Gross Sales – Sales Returns and Allowances
Total Inventory: Beginning Inventory + Purchases
Cost of Goods Sold: Total Inventory – Ending Inventory
Gross Profit/Net Operating Income: (Net Sales – Cost of Goods Sold) – Total Expenses
Assets: Liabilities + Equity
Calculating gross profit for an organization does not provide the complete picture an organization’s financial health. Healthcare Administrators often review key financial information regarding the organization’s profit and losses. One representation of this information is found on the organization’s primary financial statements, the Income Statement, and the Balance Sheet. Often these financial statements are provided to a HCA by the organization’s accountant and understanding the information contained in these, and how it is calculated, is crucial to identifying potential issues and future opportunities.
Use the Income Statement Questions Word document as you complete the Excel Income Statement by entering the supplied values from the Word document for March and April. Once you have completed the entries on the Income Statement, use the totals to answer questions on the Income Statement Questions Word document.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more