In an Effort to Increase Cash Sales and to Manage

question 44

Short Answer

In an effort to increase cash sales and to manage profitability managers of healthcare operations have become more resourceful by:
• developing concepts like medical malls with retail shops, bakeries, catering and restaurants
• decreasing portion sizes of meals served to staff and patients in medical care facilities
• charging more for cafeteria food and eliminating staff discounts
• adding an extra charge to service users not affiliated with the medical facility

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Definitions:

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise. It serves as the starting point for determining net income.

Total Liabilities

The cumulative amount of all debts and financial obligations a company owes to outside parties.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owner's stake.

Total Assets

Represents the sum of all resources owned by a company, including cash, inventory, property, and equipment, that are expected to provide future economic benefits.