This increase is strongly correlated with the

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Unformatted text preview: invested $1,264,000 during the year 2008. An increase of $4,461,400 total revenue between 2007 and 2008 illustrates operational growth for the organization. This increase is strongly correlated with the increase of salaries and employee benefits, which is common among organizational growth. Revenue in excess of expenses dropped $6,411,600 in 2008 due to the $88,700 loss in investment income. In addition, In 2007 Wipfli had nearly ten times the increase in net assets as with 2008. Cash reserves increased...
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This document was uploaded on 02/24/2014 for the course HCM 4550 at University of Minnesota Duluth.

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