...U.S. Military History 08OCT2015 The Battle of Brandywine In the first year of the American Revolution, the defense of Philadelphia, the capital, became the focus of British attacks. As they progressed to their goal, the British and American forces met in many battles that hardly slowed the British advancement. One battle stood in the way of their goal-the Battle of Brandywine. This battle possessed the opportunity to defend Philadelphia and stopping the British advancement at least for a short time. The American loss at Brandywine was due to the British executing a number of the essential premises of war better than the American troops. In the Battle of Brandywine, the British used the element of surprise and outmaneuvered George Washington’s plan and was the reason why Philadelphia was overrun by the British. In the defense of Philadelphia, the capital, George Washington selected Chadds Ford as the location for the battle. He liked the tactical advantage the high ground offered his troops and was confident the British Army could be stopped. Washington centralized his troops at Chadds Ford and other fords around the area. The British commander, General Sir William Howe, recognized Washington’s goal of defending the other fords and Chadds Ford. In response, General Howe sent a small section of his army with instructions to make it appear as if they would meet the American troops at Chadds Ford. In the meantime, the rest of the army marched to a ford that was not...
Words: 539 - Pages: 3
...Assignment #1 Brandywine Homecare Penny Payne Merle Point-Johnson HAS 525 - Healthcare Finance: An Introduction to Accounting and Finance Management January 21, 2012 Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. 1. Construct Brandywine’s 2007 income statement. Brandywine Homecare Income statement Month ending December 31, 2007 Revenue $12,000,000 Total revenue $12,000,000 Expenses: Depreciation $ 1,500,000 Other 9,000,000 Total expenses $10,500,000 An income statement, or statement of operations, takes the difference between total revenues and total expenses, to show a net income (which can be profit or loss). If revenue exceeds expenses, the result is a profit. If expenses exceeds revenue, the result is a loss. The revenues and expenses, other than depreciation, were collected and paid in cash. The company uses the cash accounting method. Depreciation expense is still considered and all profits must be reinvested in the business. 2. What were Brandywine’s 2007 net income, total profit margin, and cash flow? The net income for Brandywine Homecare is $1,500,000. The total profit margin, also known as total margin, is the net income divided by total...
Words: 931 - Pages: 4
...business’s financial status is whether or not it is making money. According to Gapenski, the income statement provides information about a business’s operations and economic profitability. The income statement has often been called by other names such as statement of operations and statement of activities. The income statement reports the results of operations over some period of time, say a year. It has three key elements: Revenues represent both cash received and payer obligation. Expenses are resources required to produce the goods or services. Net income is the profit, and it equals revenues minus expenses. In this assignment I will illustrate an income statement for Brand wine Homecare which is a not -for profit business. In 2007 Brandywine Healthcare had $12 million in revenues in 2007. The organizations expenses other than depreciation totaled 75 percent of the revenues, and depreciation expenses were 1.5 million. All revenues were collected in cash during the year and all other than depreciation were paid in cash. I will construct Brandywine’s 2007 income statement. Brandy wine’s 2007 income statement (in millions): Total...
Words: 656 - Pages: 3
...Brandywine Homecare Renne Brown Dr. Merle Point-Johnson HSA525 Healthcare Financial Management January 22, 2012 Brandywine 1 1. Construct Brandywine’s 2007 income statement The income statement summarizes the operations (i.e.the activities) of an organization with a focus on its revenues, expenses, and profitability (Gapenski, pg. 74,2008). The income statement of Brandywine Homecare is presented in Table1: Brandywine Homecare Income Statement 2 Revenues: $12million Expenses: $ 9 million Depreciation $1.5million Total Expenses ...
Words: 1181 - Pages: 5
...I decided to write about the battlefield of Brandywine. I choose this topic because is an example of never get confident at war. This battle is mainly about how the British army takes over Philadelphia. The first major point I found interesting was how the Washington army overestimated the British army. The Washington army believed they could take an advantageous position and hoped to force a fight at chads ford. Another interesting point was the formulated plan by the British army. The British army made the Washington army believed they were going to march as if they intended to meet Washington. However the majority of the army march north of Wistar’s Ford and surprised the Washington army. This allowed the British to outwit Washington and his army. Another sub-section that I choose was the battle of Paoli. I choose this sub-section mainly because this battle occurred at midnight after Washington’s defeat at Brandywine. This battle is mainly about the surprise attack made by the British army. I think is interesting how Washington didn’t want to give up and send Wayne‘s Division to get behind the British and, if possible, cut off their baggage train as they crossed the river. Another interesting major point is how even though Wayne was trying to surprise the British instead Wayne was surprised first by the British army. I think this website was informative because explains in good details the events in history. I would use it again in the future when I take the second part...
Words: 335 - Pages: 2
...Assignment #1 Brandywine Homecare Michelle Rose HAS 525 Health Financial Management October 23, 2011 Construct Brandywine’s Homecare 2007 Income Statement. Brandywine’s Homecare Income Statement Revenue $12,000,000 Operating Expenses: Salaries Expense $5,000,000 Supplies $ 120,000 Utilities $ 140,000 Insurance $ 750,000 Depreciation $ 1.7 million Total $ 4.3 million Net Income $ 7.7 million What were Brandywine’s 2007 net income, total profit margin, and cash flow? Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or heal by the firm as an addition to retained earnings. As the profit and earnings used income, net earnings, and net profit for net income. However, net income called the bottom line because it’s typically found on last line of the company income statement. One of the most important concepts to understand is that net income is not a measure of how much cash a company earned during a given period. Revenues-expenses= net income $12,000,000 - $7.7 million = $4.3 million (net income) Total profit margin tells how profit a company makes for evaluation dollar generates in revenues. It is the percentage of revenue that a company keeps as profit after accounting for fixed and variable costs. It is calculated by dividing...
Words: 903 - Pages: 4
...1. Construct Brandywine’s 2007 Income statement. ____________________________________________________________ _ Brandywine Homecare Statement of Income Year Ended December 31,2007 ____________________________________________________________ __ Revenue: $12,000,000 Total Revenue $12,000,000 Expenses: Expenses $ 9,000,000 Depreciation $ 1,500,000 Total Expenses $ 10,500,000 Net Income $1,500,0000 2. What were Brandywine’s 2007 net income, total profit margin, and cash flow? Brandywine’s net income for 2007 was $1,500,000. Net Income = Total revenue - Expenses Net Income = $12,000,000 - $1,500,000 = $1,500,000 Total profit margin is net income divided by total revenues and measures expense control for a given amount of revenues. Total profit margin = Net income / Total revenues Total Profit Margin = 1,5000,000 /12,000,000 = .125 = 12.50 % Cash flow is the actual amount of cash that is generated during the year. Cash flow= Net Income + Depreciation Cash Flow = 1,500,000 + 1,500,000 = $3,000,000 3. Suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine’s new income, total profit, and cash flow? With depreciation doubled it would be $3,000,000. Calculations on how net income, total profit and cash flow...
Words: 993 - Pages: 4
...Group Study - Student #4: Questions 3.6 & 4.3 Question 3.6 (page 103) 3.6 a. What is the difference between gross revenue and net revenues? Gross revenue is the amount of cash received and the unpaid obligations of payers for services provide during each year. This include income from s set price that provider supposed to charge. Gross revenue does not represent the actual revenue. Net revenue is the amount of income from services, receivables and payer obligations. For example, gross price for services set by the provider differs if a contract with a payer specifies a discount. However, discounts and charity are not reported in the revenues. b. What is the difference between patient service revenue and other revenue? Patient service revenues are solely from patients services. Net patient service revenues do not include revenues such as food services or parking fees. Other revenues represent revenues from other services besides patient care including interested earned on investments, contributions and rental income. c. What is the difference between charity care and bad debt losses? How is each handled on the income statement? Charity care is providing services to indigent patients free of charge in emergency situations. Bad debt loss is the amount of net patient care revenue that is not expected to be collected. In the income statement, charity care is not reported as revenue. Bad debt losses are reported but expensed at...
Words: 279 - Pages: 2
...Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, which is $9 million, and depreciation expense was $1.5 million. Income statement is the one of the three financial statements. The other two are the balance sheet and the statement of the cash flows. Brandywine Homecare’s total profit margin of 12.5 percent shows that the homecare makes 12.5 cents on every dollar of total revenues. If the company doubled its depreciation, both net income and profit margin would be zero. The cash flow will be the same for both cases, which is $3 million. Cash accounting and accrual accounting are two similar methods of maintaining accurate accounting records. Accrual accounting is considered to be the standard accounting practice for most companies. Equity is the ownership claim against total assets. For investor-owned businesses, equity is the amount of owner-supplied financing. Equity for not-for-profit businesses is the amount of capital supplied by the, charitable contributions or other organization. Brandywine Homecare Brandywine Homecare, a not-for-profit business, has reported revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. It is reported that all revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. Brandywine Homecare’s 2007 Income Statement ...
Words: 312 - Pages: 2
...Brandywine Homecare 1 Brandywine’s 2007 Homecare Michelle Ray HSA 525 July 17, 2011 Strayer University Online Brandywine Homecare 2 Construct Brandywine’s 2007 Income Statement An income statement is the amount of revenue earned and expenses incurring by a business over a period of time. The income statement is separated into two parts, the revenue or moneys coming into a business and the expenses or the money going out of the business. Brandywine’s 2007 Income Statement Revenue $12,000,000 Operating Expenses: Salaries Expense $5,000,000 Supplies $120,000 Utilities $140,000 Insurance $750,000 Depreciation $1.7 million Total $4.3 million Net Income $7.7 million Brandywine Homecare 3 What were Brandywine’s 2007 net income, total profit margin, and cash flow? Net income is a company total earning. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. This number is found on a company’s income statement and is an important measure of how profitable the company is over a period of time. Revenue sinus Expense equal Net Income (Revenue – Expense = Net Income) $12,000,000 - $7.7 million = $4.3 million Total profit margin is usually called total margin and it is defined as net income divided by total revenue. The total margin is a measure of...
Words: 1141 - Pages: 5
...On Thursday, Sept. 11, 1777 in Brandywine Creek, Washington. The longest single-day battle of the war was held with continuous fighting for 11 hours. As Sasse Times Investigated. We’ve found out that, the General Sir William Howe and General Charles Cornwallis and their troops began marching towards the city. General George Washington told us that him and people of Philadelphia were very confidants that they could stop the British from invading. But later Washington, had found out that his troops were outnumbered 11,000 continentales to the 18,000 British troops. And so with that, Washington choose a safe and high ground area to fight on. Map of the Battle of the Brandywine The morning of the battle, there was a very dense fog...
Words: 276 - Pages: 2
...Assignment 1- Brandywine Homecare Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, which is $9 million, and depreciation expense was $1.5 million. Income statement is the one of the three financial statements. The other two are the balance sheet and the statement of the cash flows. Brandywine Homecare’s total profit margin of 12.5 percent shows that the homecare makes 12.5 cents on every dollar of total revenues. If the company doubled its depreciation, both net income and profit margin would be zero. The cash flow will be the same for both cases, which is $3 million. Cash accounting and accrual accounting are two similar methods of maintaining accurate accounting records. Accrual accounting is considered to be the standard accounting practice for most companies. Equity is the ownership claim against total assets. For investor-owned businesses, equity is the amount of owner-supplied financing. Equity for not-for-profit businesses is the amount of capital supplied by the government grants, charitable contributions or other organization. Brandywine Homecare Brandywine Homecare, a not-for-profit business, has reported revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. It is reported that all revenues were collected in cash during the year and all expenses other than depreciation...
Words: 1469 - Pages: 6
...Introduction Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. My report will contain the answers to the following questions: 1. Construct Brandywine’s 2007 income statement. 2. What were Brandywine’s 2007 net income, total profit margin, and cash flow? 3. Suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine’s net income, total profit margin, and cash flow? 4. Explain the difference between cash and accrual accounting. Be sure to include a discussion of the revenue recognition and matching principles. 5. Explain the difference between equity section of a not-for-profit business and an investor-owned business. 1. Construct Brandywine’s 2007 income statement. |Brandywine Homecare | | | |Income Statement | | | |Year Ended December 31, 2007 | | ...
Words: 457 - Pages: 2
...Originally, General Charles Cornwallis was a General for Germany during the Seven Year's War. Although George Washington beat him in a plethora of battles during the American Revolution, he stood his ground and defeated him many times also. Henry Clinton saw hope in General Cornwallis and made him second-in-command for the British troops. He played an important if not the most important role in the American Revolution. If he was not on the British side, the Revolution would end extremely quickly. When he knew he couldn't win the Revolution, he told his subordinate to tell the American troops that they would surrender at Yorktown, due to him being extremely ill. They surrendered at Yorktown in October 17th, 1781. He died later to the fever...
Words: 375 - Pages: 2
...Financial statements Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. a. Construct Brandywine’s 2007 income statement. An income statement is summarized events of financial operations or activities of an organization, which focuses on its revenues, expenses, and profitability over a period of time. It is worth noting that financial statement summarizes economic events and status of an organization—income statement is the one of the three financial statements (Gapenski, 2008). Brandywine’s 2007 Income Statement Revenue: $12,000,000 Expenses: Depreciation $ 1,500,000 Other $ 9,000,000 Total expenses $10,500,000 According to Gapenski (2008), when revenue exceeds expenses, the result is a profit, and if expenses exceed revenues, the result is a loss. Other than depreciation, the revenues and expenses were collected and paid in cash—Brandywine Homecare uses the cash basis accounting method. b. What were Brandywine’s net income, total profit margin, and cash flow? The net income is the total earning of a company. It is calculated by Revenue minus Expense equal Net income (Revenue...
Words: 958 - Pages: 4
