Warning: Trying to access array offset on value of type bool in /home/topgsnkq/public_html/nurselite.com/wp-content/themes/enfold/framework/php/function-set-avia-frontend.php on line 637

HCA 430: Unit 4 Assignment 1: Income Statement

Net Income: Revenue– ExpensesNet Sales: Gross Sales – Sales Returns and AllowancesTotal Inventory: Beginning Inventory + PurchasesCost of Goods Sold: Total Inventory – Ending InventoryGross Profit/Net Operating Income: (Net Sales – Cost of Goods Sold) – Total ExpensesAssets: Liabilities + EquityCalculating gross profit for an organization does not provide the complete picture an organization’s financial health. Healthcare Administrators often review key financial information regarding the organization’s profit and losses. One representation of this information is found on the organization’s primary financial statements, the Income Statement, and the Balance Sheet.  Often these financial statements are provided to a HCA by the organization’s accountant and understanding the information contained in these, and how it is calculated,  is crucial to identifying potential issues and future opportunities.InstructionsUse the Income Statement Questions Word document as you complete the Excel Income Statement by entering the supplied values from the Word document for March and April. Once you have completed the entries on the Income Statement, use the totals to answer questions on the  Income Statement Questions Word document.

"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!":

Get started