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Essay: Variance Memo

For your critical thinking assignment this week, write a 2- to 3-page memo to your Chief Executive Officer describing the variances and changes in the income statement and balance sheets for Good Samaritan Medical Center. For this assignment:

Review the income statement which is Exhibit 11.2 on page 327 of our text and the balance sheet which is Exhibit 12.2 on page 356.
Describe the differences or changes from 2015 to 2016 relating to the income and expenses of the firm.
Describe the differences or changes from 2015 to 2016 relating to the Balance Sheet.
You should provide some hypothetical situations of why changes occurred between 2015 at 2016.
Recommendations of future financial stability of the hospital based on these financial documents.

Requirements:

A 2- to 3-page memo (excluding title and reference pages),
Formatted according to the CSU-Global Guide to Writing and APA (Links to an external site.).
Include a minimum of two (2) credible, academic references.
Be sure to discuss and reference concepts taken from the assigned textbook reading and relevant research.
Review the grading rubric to see how you will be graded for this assignment.

Required Textbook: Tutor must possess this in order to complete the assignment

Reiter, K., & Song, P. (2018). Gapenski’s fundamentals of healthcare finance. Chicago, Illinois: Association of University Programs in Health Administration. ISBN 9781567939750

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