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JulijaS [17]
3 years ago
11

How would external reporting of GAAP-based financial statements differ for a nonprofit hospital compared to a for-profit hospita

l?
Business
1 answer:
Alexxx [7]3 years ago
3 0

Answer and Explanation:

The external reporting  of GAAP-based budget summaries for a non-benefit hospital will vary to a profit hospital in the accompanying ways:

  • For profit's hospital money related reports starts heading as "letter" from the entrepreneur or the CEO. The focal point of this letter is on the earlier year tending to any trouble the organization has survived. Though, non-benefit yearly reports report out the association's motivation and measurements about what number of individuals have profited by the examination, projects and administrations.
  • The yearly report of revenue driven associations regularly delineates how well they deal with their cash, to dazzle the potential speculators. Though, non-benefit associations simply center around how they go out dealing with the things will pretty much nothing or less assets close by, and the financing they put into their projects and administrations to help improve the network and offer help for those out of luck.
  • For profit associations wind up revealing their future field-tested strategies, for example, new item or administration propelling, which would make higher income and benefits for the organization in future. Not-for-profit associations, will some way or another state what administrations or projects have been the best and how they plan on building up these to serve more individuals on a bigger scale.

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Answer:

D.

Explanation:

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The financial statement effects of the payment of a cash dividend (on the date of payment for a previously declared dividend) in
Dovator [93]

Answer:

The financial statement effects of the payment of a cash dividend (on the date of payment for a previously declared dividend) include:_________.

a. Cash (Current Asset) is decreased.

b. Dividends Payable (Current Liability) is decreased.

Explanation:

The journal entry debits the Dividends Payable account and credits the Cash account.  This reduces the dividends payable and the cash accounts respectively by the same amount.  Therefore, current assets and current liabilities are decreased. The effects of the cash payment are on the Balance Sheet and Statement of Cash Flows only.

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3 years ago
Explain the three system inhibitors of waste, variability and inflexibility and how they can be inefficient to corporations.
Snowcat [4.5K]

Answer and Explanation:

Waste occurs when a company uses inputs that do not add value to their customers. In other words, something customers are not willing to pay for is classified as waste to the company.

Variability is predictability or unpredictability as regards the products of the company. This is what customers expect the products of the company to be like everytime they buy, a certain standard. Example when a customer buys food from a restaurant and expects it to taste the same everytime.

Inflexibility or rigidity occurs when a company isn't flexible enough to adapt easily to customer's expectations such as product mix, changes in demand of their products etc.

These three inhibitors if not handled properly will lead to bad resource management causing customer and employee dissatisfaction.

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3 years ago
A monopolist has a supply curve that is upward-sloping, just like a competitive firm. does not have a supply curve because the m
Murljashka [212]

Answer:

A monopolist does not have a supply curve because price and quantity are decided at the same time.

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Tijuana's actions are an example of <u> "altruism".</u>


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