🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Finance
1
answer
0
watching
110
views

Outcome 1. Identify and describe the activities of a financial manager.

List and describe four of the major activities of the financial manager. As a hint, think of the types of decisions that the top financial managers have to make in a typical corporation.(32 points) Answer:

Outcome 2. Explain how the activities of the financial manager contribute to a business or non-profit organization in achieving its objectives. 2. Describe how each of the activities you identify is related to the primary objectives of a corporation or non-profit organization; identify the objectives and be specific.(32 points)

Answer:

Watch
1
answer
0
watching
110
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Nestor Rutherford
Nestor RutherfordLv2
29 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

What advantages do sole proprietorships and partnerships offer?What is a major drawback of these types of organization? (10points)

In a corporate governance, what group has the ultimateresponsibility for monitoring management and protecting thestockholders' interests? Who elects this group? (10 points)

What is meant by maximizing owner’s equity value (shareholderwealth)? Why are maximizing just net income, or just profit,inappropriate goals? (10 points)

List and describe the four major financial statements. (20points)

Why do financial managers and investors find cash flows to bemore important than accounting profit? (10 points)

What information does time series analysis provide for firmmanagers, analysts, and investors? (10 points)

Define the following ratios and explain their significance. (30points)

Quick ratio,Average collection period ,Return on equity,Debtratio, Profit margin

HOME CARE Scenario Type of care provided Scenario Question 1 Question 2 Care in this capacity can range from a short-term to long-term based upon the changing needs of the patient. Patient age can range from pediatric to elderly. Care can be provided in the patient’s private home, group home, or assisted living setting. Medical homes fall into this category and are a new focus of Accountable Care Organizations through the Affordable Care Act of 2010. Review your current budget. Taking this information into account, what are some strategies you would use to identify resources to focus on improving efficiency and meeting customer expectations during this time? What do you see as the biggest financial issues of your organization? Hint: You are a nonprofit organization—so look at your means of funding and the relationship this has on your ability to treat patients and hire new staff. How will you address this financial issue? In home care, a patient is visited at home by a nurse or nursing assistants with activities of daily living (ADL), wound care, IV therapy, etc. These organizations can be nonprofit or for-profit. A physician supervises the care with the assistance of RNs or LPNs and certified nursing assistants (CNAs). You are a new administrator for a home health agency that is a national nonprofit organization that serves the surrounding Phoenix community. The agency has been recognized for the delivery of on-time quality services for a number of years. It is known to employ only the top staff within the community, but in recent months staffing numbers have dropped dramatically and you, as the agency’s administrator, have found yourself in a position where your facility is short staffed. You are unable to admit any additional patients unless you are able to have your staff work over time. Budget Considerations Operational Budget – This budget focuses on a broader view of the total operations of the organization in which all departments are reviewed for both their income potential and the costs associated with the work activities used to generate projected revenues. Each department will have its own budget for the managers to follow and on which to base the activities of the department in order to meet its contribution to the total revenues and the associated costs of the organization. Dietary Services – This is a departmental budget focused on the costs and potential reimbursement for the organization. The operation is overseen by a dietitian or nutritionist who is responsible for supplying the nutritional needs of the patients within their care. This department may utilize the services of several consultants or contract this service to an outside organization. Medical Supplies – This budget is focused specifically on the requirement-based services being delivered by the hospital professional, which are often referred to as nondurable disposable items. This budget includes specific items for the surgeon or professional performing the services. These may include such things as oxygen supplies, diabetic supplies, ostomy supplies, bandages, and related supportive items. These items are generally manufactured for one-time use. They are not reused due the inability to sterilize them. The items that are reusable are classified under capital assets and have a use-time identified with the specific piece of equipment. Human Resources – This budget indicates the finances needed to support the organization’s objectives, from a personnel perspective. Full-time equivalent (FTE) calculations are used to project the personnel budget. These individuals could include nonskilled labors to professional licensed physicians and various job descriptions within the categories. In addition to listing the FTEs, the associated benefits of the FTEs would be projected within this department for each FTE within the organization. This will generally include line items for consultants and temporary positions based on the needs of the organization. Departmental Costs – This budget focuses on the specific department and its overall needs, costs, and potential revenue in relation to the overall goals of the organization’s strategic plan. The manager’s primary responsibility is to monitor the operational efficiency of the department, including all areas that directly impact and support the generating of revenue for the organization. Managers may be required to present an analysis of the weekly or monthly operational analysis to the Chief Financial Officer of the organization or a lead manager. Vendor/External Suppliers – Health service organizations have special needs and may require certain external items and/or services. Most organizations have projected budgets to include the purchase of supplies and services for outside contractors (vendors) who specialize in installation, monitoring, and the repair of specialized equipment or technology being utilized by the specific health care delivery system. Maintenance/Facility Operations – This departmental budget focuses on the overall upkeep of the building and the related equipment and machines to provide a safe and comfortable environment for both the patients and workers. This budget includes all FTEs and may also include line items for consultants and outside sources based on needs of the facility.

Revenue 2011 2012 2013

Donations 50,000 55,000 75,200

Grants and Foundations 100,000 80,500 125,780

Government Grants 947,280 878,000 695,120

Interest Expense 6,050 8,000 10,000

Total 1,103,330 1,021,500 906,100

Expenses 2011 2012 2013

Health Center 2,482,845 2,558,265 2,668,951

Administrative Staff 100,000 110,000 125,000

Professional Staff 80,000 100,000 150,000

Family/Youth Services 214,888 210,987 230,985

General Management/Admin140,000 152,000 159,000

Total 3,017,733 3,131,252 3,333,936

Budget Spreadsheet

Directions: Answer the following questions. Explain how youreached the answer or show your work if a mathematical calculationis needed, or both.

1. Assume that as of today, the annualized interest rate on athree-year security is 8 percent, while the annualized interestrate on a two-year security is 6 percent. Use only this informationto estimate the one year forward rate two years from now.

2. You need to choose between investing in a a one-yearmunicipal bond with a 6 percent yield and a one year corporate bondwith a 9 percent yield. If your marginal federal income tax rate is20 percent and no other differences exist between these twosecurities, which one would you invest in?

3. Assume that interest rates for one-year securities areexpected to be 3 percent today, 6 percent one year from now, and 7percent two years from now. Using only the pure expectationstheory, what are the current interest rates on two-year andthree-year securities?

4. Identify some factors that influence the shape of the yieldcurve. Describe how financial market participants use the yieldcurve to make decisions.

5. Assume there is a sudden expectation of increasing interestrates in the future. What would be the effect on the shape of theinterest curve? Explain.

6. Identify the primary objectives of the Federal Open MarketCommittee and the means by which it attempts to achieve theseobjectives.

7. What is the Beige Book and why do market participants payattention to it?

8. Is it the role of the Fed or Congress to determine the fateof large financial institutions that are near bankruptcy?

9. Does the Federal Reserve directly or indirectly influenceequity security prices? Based on your response, do equity marketparticipants focus on current Fed actions or the expected ones whenit comes to pricing equity securities?

10. Visit the Consumer Financial Protection Bureau's website.Identify one policy objective and its effects on consumers andbusinesses.

Weekly leaderboard

Home
Homework Help 3,900,000
Finance 370,000
Start filling in the gaps now
Log in