Home-based healthcare facility to an accounting firm

Imagine that you own a business. Your business could be anything from a coffee shop to a home-based healthcare facility to an accounting firm. As the business owner, you are about to analyze the performance of your company and will need the information from your cash flow statement, horizontal analysis, and vertical analysis.

complete the following:

Briefly describe your business.
What information will you need to prepare the cash flow statement?
Which method will you use to prepare the cash flow statement? Why?
How can a horizontal analysis help you evaluate the performance of your company? Vertical analysis? Which analysis do you think is more important or relevant as a business owner?
Now that you have analyzed your company’s performance, you want to expand your business and decide to apply for a small business loan. You have all the financial statements prepared and provide them to the loan officer. The loan officer reviews your paperwork and requests the calculation of three ratios: working capital, acid test ratio, and current ratio.

How do you calculate working capital, acid-test ratio, and current ratio?
Why do you think banks or creditors look at these three particular ratios?
Do you feel these ratios are important to monitor or are other ratios are just as important?

 

Sample Solution

  • sters were put on the bins to highlight what went in them like the ones below, they were also put on the wall above the bin.
  • On the bar level we set up 2 cadges, 1 for cardboard and 1 for all the full bags of plastic, cans etc. A poster was again placed in the area detailing how these were meant to be laid out.
  • Choosing an incentive, in order to make it realistic and cost effective it was difficult in choosing an appropriate incentive as this was an overall team effort and could not be reported on individual staff merits easily. It was decided between the management team that we would break it down into each period (month).
    • Period 9: if the % of recycling achieved that period reached a minimum of 60% the staff would get a case of monster and a basket of sweets and chocolate to share that weekend Period 10: if the % of recycling achieved that period reached a minimum of 80% the staff would each receive a free meal each.
    • Period 11: If the % of recycling achieved that period reached a minimum of 95% then I would arrange for the pub to be covered all day and night for staff paintballing then a night out.
  • Once all bins, cadges and posters were in place, we took the staff around the different areas and showed them the new bins and cadge layout and what went where. This was done as a pre-shift briefing and took 5 – 10 mins. We also told them about the incentive which they were all very excited about and the financial gain that the recycling would encounter which could then potentially give us more bonus through our profit bonus.
  • Managers were told that they needed to monitor the bins daily throughout their shift and coach anyone not complying to the new processes.

Now that this was all in place, everyone was aware of what they needed to do and the potential gain it would have on each individual and the pub and company as a whole it was time to begin.

The reason I chose this objective and to take these steps is due to a number of reasons first one being that we get money back for recycling, knowing that we could achieve the targets set by the company and that it helps the environment. Talking to the management team and getting their thoughts and ideas through managers meetings, another was my own ideas and what I thought would work but through it all I took a lot from a fact sheet online (all-recycling-facts) which gave lots of basic advice one in particular was to start with yourself and by being confident in recycling yourself, your staff would be potentially more

This question has been answered.

Get Answer
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, Welcome to Compliant Papers.