{"id":8539,"date":"2020-08-13T03:38:41","date_gmt":"2020-08-13T03:38:41","guid":{"rendered":"https:\/\/papersspot.com\/blog\/?p=8539"},"modified":"2020-08-13T03:38:47","modified_gmt":"2020-08-13T03:38:47","slug":"preparing-an-operating-budget","status":"publish","type":"post","link":"https:\/\/papersspot.com\/blog\/2020\/08\/13\/preparing-an-operating-budget\/","title":{"rendered":"PREPARING AN OPERATING BUDGET"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Competency<\/strong><\/h2>\n\n\n\n<p>Prepare a financial budget that supports improved business and patient outcomes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Scenario<\/strong><\/h2>\n\n\n\n<p>One year ago, Metropolitan Memorial expanded its operations into a rural community located approximated a hundred miles from its main facility. The clinic offers a wide array of outpatient services. As the Senior Accountant, you are reviewing the clinic\u2019s&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/learning.rasmussen.edu\/bbcswebdav\/pid-6359182-dt-content-rid-156063322_1\/xid-156063322_1\" target=\"_blank\"><u>operating budget<\/u>&nbsp;<\/a><img loading=\"lazy\" decoding=\"async\" alt=\"Click for more options\" src=\"https:\/\/learning.rasmussen.edu\/images\/ci\/icons\/cmlink_generic.gif\" width=\"18\" height=\"18\"><\/p>\n\n\n\n<p>from the previous year. You have been asked by the hospital\u2019s chief administrator to create a new six-month operations budget for the clinic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Instructions<\/strong><\/h2>\n\n\n\n<p>Using an Excel spreadsheet, create a new six-month budget for the clinic that includes the following revenue and expense projections:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The clinic\u2019s revenue is projected to grow by approximately 3% as a result of a new managed care contract.<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">WE&#8217;VE HAD A GOOD SUCCESS RATE ON THIS ASSIGNMENT. PLACE THIS ORDER OR A SIMILAR ORDER WITH US AND GET AN AMAZING DISCOUNT<\/span><\/h5>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/papersspot.com\/Order.php\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/homeworkaider.com\/wp-content\/uploads\/2019\/11\/weer.png\" alt=\"\" class=\"wp-image-60997\" width=\"269\" height=\"64\"\/><\/a><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>The cost of expenses is expected to increase to 1.5%.<\/li><li>The clinic will also be adding a new roof to the facility at a projected cost of $50,000.<\/li><\/ul>\n\n\n\n<p>Then prepare a memo for the chief administrator. The memo should include a review of the previous year\u2019s budget, an analysis of the upcoming changes (figures above), and a discussion about the impacts that these changes will have on the budget for the upcoming year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Resources<\/strong><\/h2>\n\n\n\n<p>You can find Excel resources at this&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/guides.rasmussen.edu\/Excel\" target=\"_blank\"><u>link<\/u><\/a>.<\/p>\n\n\n\n<p>This&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/guides.rasmussen.edu\/writing\/letters\" target=\"_blank\"><u>link<\/u><\/a>&nbsp;has information about writing a memo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competency Prepare a financial budget that supports improved business and patient outcomes. Scenario One year ago, Metropolitan Memorial expanded its operations into a rural community located approximated a hundred miles from its main facility. The clinic offers a wide array of outpatient services. As the Senior Accountant, you are reviewing the clinic\u2019s&nbsp;operating budget&nbsp; from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8539","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/8539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=8539"}],"version-history":[{"count":1,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/8539\/revisions"}],"predecessor-version":[{"id":8540,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/8539\/revisions\/8540"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=8539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=8539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=8539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}