Set Up a Ratio and Proportion in Each of the Following

question 19

Essay

Set up a ratio and proportion in each of the following problems. Label and prove your answers.

-A hospital hires one CNA for every 10 patients. How many CNAs will be needed for 200 patients?

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Definitions:

Profitability Index

A financial tool used to evaluate the desirability of an investment, calculated by dividing the present value of future cash flows by the initial investment.

Positive NPV

A scenario in which the net present value of a project's cash inflows exceeds its cash outflows, indicating profitability.

Negative NPV

A situation where the net present value (NPV) of a project or investment is less than zero, indicating that the projected cash flows are insufficient to cover the initial investment.

Discounted Payback Period

The discounted payback period is the time it takes for an investment to generate cash flows sufficient to recover its initial cost, taking the time value of money into account.