HCA 312 Wk 4 Assignment 1 - Running head OPERATING BUDGET 1...

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Running head: OPERATING BUDGET 1 Operating Budget Kelsi Dammann Ashford University Health Care Finance HCA 312 Instructor Kevin Hayes April 18, 2016
OPERATING BUDGET 2 Throughout this paper I will discuss my manager’s stance on my proposal to add a retail pharmacy to the hospital. If he is willing to accept my proposal for the capital investment or not, and three arguments that could be used to go with or against my proposal. My proposal will show a 3-Year Retail Pharmacy Profitability Analysis, the Year-1 Monthly Income Statement Detail and the Year-1 Cash Flow Detail and Assumptions. Prior to any decisions being made I would want to see the accounting rate of return. According to Smith, (2014) “The rate of return (percentage) derived from dividing the average net income from a project by the initial investment amount.” The capital for the retail pharmacy will only come from hospital resources. We will not need to take out loans or borrow money. In

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