The purpose of this assignment is to provide learners with the opportunity to develop break-even-analysis skills.
Week 5 Break Even Analysis Assignment and Guidelines V2 (Links to an external site.)
Requirements
Answer the questions and complete the calculations required for the assignment.
Submit your answers on a Word document, with the heading of Week 5 Assignment. For the questions requiring a written response, answer directly on the assignment and adhere to proper grammar and syntax, and provide references. For the questions requiring calculations, show all of your work and follow the format that has been provided for the calculations in the lesson for Week 5. In addition, further explanations and formulas on the break-even analysis are contained in the required reading resources.
Key points for calculations
1. When performing calculations, standard rounding rules apply. If the number to the right of the decimal is less than 0.5, round down to the nearest whole number, e.g., 33.4 = 33 If the number to the right of the decimal is 0.5 or greater, round up to the nearest whole number, e.g. 33.5 =34.
2. Read the question carefully. Pay close attention to the units be asked and keep them consistent. For example, days vs months vs years; charges vs contribution margin; dollars vs percentage
3. Provide ALL formulas with references. Designate which formula associates with which source. It is not sufficient to simply list the source at the beginning of the section. Write out the formula used BEFORE filling in the numbers. Formulas used should be taken from one of the required resources for this course.
Example: Total Contribution Margin (CM) = Contribution margin (CM) category 1 + CM cat 2 + CM 3
Leger, J.M. & Dunham-Taylor, J. (2018). Financial management for nurse managers: Merging the heart with the dollar, 4 th Ed. Burlington, MA: Jones-Bartlett.
PLEASE FIND ATTACHED Grading rubric and Week 5 Break Even Analysis Assignment and Guidelines V2. References used must be current.
REQUIRED READINGS
Leger, J. M., & Dunham-Taylor, J. (2018). Financial management for nurse managers: Merging the heart with the dollar (4th ed.). Jones & Bartlett.
Chapter 3: Microeconomics in the Hospital Firm: Competition, Regulation, the Profit Motive, and Patient Care
The Business Case: Electronic Health Record Systems in Hospitals
Chapter 5: Budgeting
Break Even Analysis
Chapter 11: Accounting for Healthcare Entities
Rundio, A. (2016). The nurse manager’s guide to budgeting and finance (2nd ed.). Sigma Theta Tau International.
Chapter 6: Capital Budgets
Media
Olivares, E. (2014, May 19).
ROI calculation – Made easy (Links to an external site.)
[Video file].
Assignments
Break-even Analysis Assignment
Develop break-even-analysis skills.
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