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HS440 Finance for Healthcare
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Write My Essay For MeUnit 5 Assignment
Mid-term Project
· Compose your essay using Standard American English as described in the APA guidelines available at Kaplan University Writing Center. You need to follow formal APA formatting for the assignment to include title page and reference page. Make sure you cite your reference in the text and on the reference page using proper APA format.
· You will find an Assignment Rubric used to grade the assignment in the syllabus. The assignment is due in the drop box by end of day (EOD) on Tuesday during Unit 5. Grades for the assignment will be available in the Gradebook by EOD on Sunday following the close of the unit. All times are in Eastern Standard Time.
· This assignment is worth a maximum of 150 points.
Instructions:
1. The foundation of your assignment is the selection of either the Balance Sheet or the Statement of Operations financial statement.
2. Complete your chosen financial statement using the accounts below:
Currie Hospital as of December 31, 2013 Account Balance Accounts payable $ 130,000 Accrued expenses $ 100,000 Accumulated depreciation $ 200,000 Administrative expenses $ 80,000 Bad debt expense $ 40,000 Cash $ 210,000 Depreciation expense $ 50,000 Gross plant & equipment $ 6,000,000 Interest expense $ 12,000 Inventories $ 100,000 Labor expense $ 260,000 Long-term debt $ 5,000,000 Net accounts receivable $ 650,000 Net assets released from temporarily restricted accounts for operation $ 120,000 Net patient service revenue $ 840,000 Other current liabilities $ 70,000 Supply expense $ 88,000
Currie Hospital as of December 31, 2013
Account Balance
Accounts payable $ 130,000
Accrued expenses $ 100,000
Accumulated depreciation $ 200,000
Administrative expenses $ 80,000
Bad debt expense $ 40,000
Cash $ 210,000
Depreciation expense $ 50,000
Gross plant & equipment $ 6,000,000
Interest expense $ 12,000
Inventories $ 100,000
Labor expense $ 260,000
Long-term debt $ 5,000,000
Net accounts receivable $ 650,000
Net assets released from temporarily restricted accounts for operation $ 120,000
Net patient service revenue $ 840,000
Other current liabilities $ 70,000
Supply expense $ 88,000
Note: You will not use all of these accounts in your chosen financial statement. You will need to calculate some of the numbers for your statement. Follow proper form as described and shown in the text. Assume all net assets at the beginning of the year are unrestricted.
3. Write a five paragraph essay on the:
a. Why you chose the financial statement you selected
b. Purpose of the financial statement
c. Advantages of the financial statement
d. Disadvantages of the financial statement
e. Users of the financial statement
f. Length:
i. Minumum of 4 pages including title page, essay, financial statement and reference page.
ii. Maximum of 6 pages including title page, essay, financial statement and reference page.
iii. Points will be deducted for not meeting the length requirement. It is harder to write concisely rather than to ramble on in a paper. Quantity does not equal quality. Most business writing should be concise and to the point.
g. Format:
i. APA format as described in the Writing Center of Kaplan University. https://kucampus.kaplan.edu/MyStudies/AcademicSupportCenter/WritingCenter/Index.aspx
ii. Essay portion should follow standard five-paragraph essay style. For information on five paragraph essay style:
1. http://en.wikipedia.org/w/index.php?title=Five_paragraph_essay&oldid=457568404
2. http://homeworktips.about.com/od/essaywriting/a/fiveparagraph.htm
iii. Place your financial statement within your MS word essay document. You can copy and paste your statement using paste special function. It is placed where you would place an appendix. There are instructions of how to format this within your document at https://kucampus.kaplan.edu/MyStudies/AcademicSupportCenter/WritingCenter/WritingReferenceLibrary/Appendix.aspx
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Sheet1
| Currie Hospital as of December 31, 2013 | |
| Account | Balance |
| Accounts payable | $ 130,000 |
| Accrued expenses | $ 100,000 |
| Accumulated depreciation | $ 200,000 |
| Administrative expenses | $ 80,000 |
| Bad debt expense | $ 40,000 |
| Cash | $ 210,000 |
| Depreciation expense | $ 50,000 |
| Gross plant & equipment | $ 6,000,000 |
| Interest expense | $ 12,000 |
| Inventories | $ 100,000 |
| Labor expense | $ 260,000 |
| Long-term debt | $ 5,000,000 |
| Net accounts receivable | $ 650,000 |
| Net assets released from temporarily restricted accounts for operation | $ 120,000 |
| Net patient service revenue | $ 840,000 |
| Other current liabilities | $ 70,000 |
| Supply expense | $ 88,000 |
| Transfer to parent corporation | $ 10,000 |
Eastern Standard Time was first posted on October 15, 2019 at 2:16 pm.
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