Cost Behavior and Break-Even Analysis
After reading Chapter 8: Cost Behavior and Break-Even Analysis, Chapter 9: Understanding Inventory Depreciation Concepts and watching the video on “Break Even Point (Analysis) easily explained”, complete the following questions.
A) Answer the following questions below. The minimum word count for all four initial post questions (total) to the discussion board question(s) should be a min. of 400 words or more (excluding reinstatement of the discussion board questions and references).
1) Do you believe that contribution margins can help you manage in your present work? In the future? How?
2) As future Healthcare Administrators, how do you think you can use (utilize) break-even analysis within the workplace?
3) What is the difference between LIFO and FIFO inventory Methods?
4) If you were giving the job as supervisor at large healthcare facility managing scientific equipment, describe in detail how you will deal with inventory.
Health Care Finance: Basic Tools for Nonfinancial Managers (REQUIRED)
Baker, Judith J and Baker, R.W.
Jones & Bartlett Learning, 5th edition, 2018
ISBN-13: 978-1284118216
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