ECO 605 Assignment 6.1: Profit and Loss

The balance sheet (Waxman, 2018) shows an increase in assets on March 31, 2017 in comparison to March 31, 2016. The probable reason behind this is the increase in total assets. Total assets are the sum of current and fixed assets. The balance sheet also shows a 29% increase in the current assets. The increase can also be due to the purchase of fixed assets. There is 94% increase in net assets stated on the balance sheet.

There are various driving forces that caused this increase. One reason is the deduction in bad debt. In 2016, the amount of bad debt for the company was more and the amount of current assets less than that in 2017. In 2017, bad debt decreased by 26% and current assets increased. Another reason is the 26% increase in patient revenue and this includes the money that the patients and insurers owe to the company. There has been a 40% increase in cash and investments which could be done by new investors or additional funds received by the company from existing investors. This is the another driving force that will increase the net assets for the company.

Waxman KT DNP MBA RN CNL CENP, (2018). Financial and Business Management for the Doctor of Nursing Practice, 2^nd edition. Springer Publishing Company, New York. Chapter 7, pages 183-199.

Value: 15 points

Introduction

Review the income statement in table 7.2 in Waxman chapter 7, Financial Statements and the DNP: Essential Knowledge for Success, p. 189.

Assignment Guidelines

In chapter 7 of your Waxman text, complete Question #4 on p. 199. Use the

to record your responses.

Upload your responses. Your document should be named using the following convention: Last name_First name_Assignment_6.1.

Submission

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Assignment Rubric
Criteria	Ratings	Pts
Responses	5 to >4 pts Meets Expectations Answers to all questions are correct. Graphs are all properly labeled and axes all properly identified. All graphs are properly drawn. (If applicable.) 4 to >2 pts Nearly Meets Expectations Answers to most questions are correct. Graphs are mainly labeled correctly and axes are usually properly identified. (If applicable.) 2 to >0 pts Does Not Meet Expectations Answers to most questions are incorrect. Graphs are not labeled or axes are not properly identified. Graphs are not drawn properly. (If applicable.)	/ 5 pts
Explanations	5 to >4 pts Meets Expectations Provides thorough explanation of rationales and skillfully applies course materials to develop conclusions. There is always a close and strong connection between the explanations provided and the material from the lessons. 4 to >2 pts Nearly Meets Expectations Provides adequate explanation of rationales, but conclusions could be supported more strongly using course materials. There is a connection between explanations and concepts from the lessons but this connection is not always strong or clear. 2 to >0 pts Does Not Meet Expectations Neither provides adequate explanation of rationales nor uses available resources to substantiate conclusions. There is no close connection between the explanations provided and the concepts given in the lessons.	/ 5 pts
Structure and Mechanics	5 to >4 pts Meets Expectations Contains one or two errors in grammar, spelling, and/or APA format. 4 to >2 pts Nearly Meets Expectations Contains several errors in grammar, spelling, and/or APA format. 2 to >0 pts Does Not Meet Expectations Contains many errors in grammar, spelling, and APA format.	/ 5 pts
Total Points: 0

Introduction

Assignment Guidelines

Submission

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