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Simulation Aid

In: Science

Submitted By angie0000
Words 1139
Pages 5
Angie Servellon
HSC 405
Professor Joseph Shin

These paper we have to discuss the simulation paper in which we analyze the financial indicators to make a decision. In this simulation the financial accounting from Elijah Heart Center a Cardiac Care hospital having a working capital shortage ("Analyzing Financial Indicators for Decision," n.d.) and have taken a preventative evaluation on how the funding option should be used when it comes to acquiring medical equipment, and the possibility of financing expansions. In the first step of phase one simulation, I decided on what I thought was best when it came to cost cutting option to choose to solve the cash flow within the hospital. Besides selecting a loan option that would help cover any capital shortage that can occur if I don’t choose wisely. After I had made my choice, I was also aware, I needed to explain why I had chosen my option and what was the outcome. I decide to go with the best cost cutting by cutting “Reducing Proportion oaf the Agency Contracted Staff” and “Changing the Skill Mix” ("Analyzing Financial Indicators for Decision," n.d.). I chose these two choices because in the Revenue and Expenditure projection showed that the costs would help the prices go down by a significant amount without acquiring any major changes in taxes. Also, Saika Takeuchi, the vice president recommended choosing two of varies categories that would help cut the cost in a major way. Also, it would make revenues increase if the hospital changes in percentage range. The other choice I was able to choose was a loan option that makes the hospital fit better. In the option, I was able to choice one out of three months to repaying the loan that will help the hospital within the three months since the hospital is short of funds. Within three months Medicare and care companies would have to pay the hospital two million three hundred...

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