Corporate Finance
12th Edition
ISBN: 9781259918940
Author: Ross, Stephen A.
Publisher: Mcgraw-hill Education,
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Chapter 1, Problem 2CQ
Summary Introduction
To discuss: Goals of a Person X (The
Introduction:
Not-for-profit-organization is a type of organization which does not distribute its profits or dividends to its shareholders or investors rather it uses the profits towards the organizations progress and wealth. Examples of not-for-profit-organization are charitable institutions, trust and public service organizations.
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Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital). What kinds of goals do you think would be appropriate?
How will you, as a health care manager, be engaged in the long-term finance of your organization? Give specific instances of what you're talking about.
Discuss the basic assumptions of CVP analysis and how can we use CVP analysis in making decisions in a not-for-profit organization, as well as a for-profit organization?
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- What is your present understanding of the short-term versus long-term financial needs of an organization? What might be some short-term financial needs of an organization? What might be some long-term financial needs of an organization? Why might these different types of needs be important to an organization’s success and overall financial health?arrow_forwardA not-for-profit organisation (for example, a university) will: Select one: O A. Be concerned with costs O B. Require non-quantifiable information O C. Try to plan future revenues O D. All of the above.arrow_forwardHow will I, as a health care manager, be involved in long-term financing for your organization? Provide examples.arrow_forward
- Explain how performance might be measured in Non-profit making Organisations. 1b. Explain the objective of the value for money and his application to a Non-profit making Organisation.arrow_forwardWhat stakeholders are most interested in the financial condition of a health care business? Why is this important? What have generally accepted accounting principles (GAAP)? What is the purpose of GAAP? Explain the difference between cash accounting and accrual accounting? Why is this important?arrow_forwardMaximizing the profit of the concern comes under ____________objective of financial management a. Operational Objectives b. Social Objectives c. Basic objectives d. Research Objectivesarrow_forward
- what is the dilemma faced by health care finance managers in light of the ultimate goals of health care finance?arrow_forwardQ.What benefits can Crosstown Health Center obtain by implementing the ABC system?arrow_forwardA nonprofit analyst seeks to determine which variables should be used to predict nonprofit charitable commitment, a nonprofit organization commitment to its charitable purpose. Two independent variables under consideration are Revenue, a measurement of total revenue, in billions of dollars, as a measure of nonprofit size X₁ and Efficiency, a measurement of the percent of private donations remaining after fundraising expenses as a measure of nonprofit fundraising efficiency X2. The dependent variable Y is Commitment, a measurement of the percent of total expenses that are allocated directly to charitable services. Data are collected from a random sample of 98 nonprofit organizations, with the results provided in the accompanying table. Complete parts (a) and (b) below. Click the icon to view the table of results. a. Construct 95% confidence interval estimates of the population slope between commitment and revenue and between commitment and efficiency. The 95% confidence interval…arrow_forward
- A Voluntary Health & Welfare NFP would include which of the following financial statements in its basic financial statements? Statement of financial position and statement of activities Statement of financial position, statement of activities, and statement of cash flows Statement of financial position, statement of activities, statement of cash flows, and statement of functional expenses Statement of financial position, statement of activities, and statement of functional expenses Choose onearrow_forwardIf you wanted to introduce a new program into your institution utilizing a financial case to support it, which option would you choose, increased revenue ,or reduced cost? Why?arrow_forwardIf we "measure what matters" in a not-for-profit, what activities could they be measuring that are different than the for-profit organization? 1-2 paragrahsarrow_forward
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