Scenario:   

        As a Practice Manager for Dr. Smith and Dr. Brown, you are tasked with preparing a report that illustrates your knowledge of computing inventory and depreciation methods. After analyzing Dr. Smith and Dr. Brown’s Financial Statements, and performing the necessary calculations, you will decide on the feasibility of purchasing the equipment based on your computations and analysis of the financial statements. In addition, you will explain the rationale for your choice and make a recommendation for the practice.

 

Download and complete the attachment. You will need to ensure that your responses are thorough and written in your own words; give examples as required and list references in APA format in the space provided within the template. When completed, the document will be at least eight pages in length. With that said, the items below illustrate the required components to be completed. NOTE: Information to calculate inventory and depreciation is included in the inventory attachment.

 

Part 1:  Inventory Concept and Calculations

 

·  Discuss the inventory concept

·  List an example of an inventory item and discuss how the item moves from inventory to COGS (Costs of Goods Sold). Include information on the meaning of COGS.

·  Calculate the cost of ending inventory and COGS using the information provided within the template.

o  FIFO

o  LIFO

o  WEIGHTED-AVERAGE

 

Part 2: Define the Five Methods for Computing Book Depreciation

 

·  Define each of the following methods for computing book depreciation:

o  Straight Line Depreciation Method

o  Accelerated Book Depreciation: Sum of Years’ Digits (SYD) Method

o  Accelerated Book Deprecation: Double Declining Balance (DDB) Method

o  Accelerated Book Deprecation: 150% Declining Balance Method

 

Part 3: Calculating Depreciation

 

·  Calculate depreciation for three of the depreciation methods identified in the template.

o  Example of Straight-Line Depreciation Method

o  Example of Accelerated Book Depreciation: SYD Method

o  Example of Accelerated Book Deprecation: DDB Method

 

Part 4: Analysis of Depreciation Methods

 

·  Explain which method would be more feasible for healthcare organizations to use

o  Hospital

o  Physician practice

·  Explain why it is important for a healthcare organization or physician practice to use a depreciation method.

 

Part 5:  Recommendation

·  What is the depreciation method you would recommend to Dr. Smith and Dr. Brown to purchase the fixed asset? Explain the rationale for your choice.

 

Paper Criteria:

 

The ATTACHMENT once completed,

 

·  Should demonstrate an understanding of the reading assignments, class discussions, your own research, and the application of new knowledge.

·  Must have substantive responses within the template and include complete sentences in paragraph format, including citations for each reference listed. 

·  Must use at least one scholarly source from the Ashford Library in addition to the course text.

·  Must cite any information used from sources in APA style 

·  Must utilize academic voice. 

·  Must include references within the space provided in the template. Reference must be formatted according to APA style.

 

http://www.sbscpagroup.com/blog/depreciation-and-why-it-is-important-to-your-business/

https://smallbusiness.chron.com/methods-depreciation-5194.html

Learning Resources

Note: To access this week’s required library resources, please click on the link to the Course Readings List, found in the Course Materials section of your Syllabus.

Required Readings

Popple, P. R., & Leighninger, L. (2019). The policy-based profession: An introduction to social welfare policy analysis for social workers (7th ed.). Upper Saddle River, NJ: Pearson Education.
Chapter 6, “Fighting poverty: Temporary Assistance to Needy Families” (pp. 99-136)

Bentele, K. G., & Nicoli, L. T. (2012). Ending access as we know it: State welfare benefit coverage in the TANF era. Social Service Review, 86 (2), 223–268.

Posiniewski, L. (2011). A unique approach to meeting the employment and training needs of food stamp recipients. Policy & Practice, 69(2), 14–15.

Plummer, S. -B., Makris, S., & Brocksen, S. (Eds.). (2014). Sessions: Case histories. Baltimore: MD: Laureate International Universities Publishing. [Vital Source e-reader].
Part 1, “The Logan Family” (pp. 9–10)

U.S. Department of Health & Human Services. (n.d.). Office of Planning, Research & Evaluation. Retrieved November 14, 2013, from http://www.acf.hhs.gov/programs/opre/research

Required Media

Laureate Education (Producer). (2013). Sessions: Logan family (Episode 4 of 42) [Video file]. Retrieved from https://class.waldenu.edu
Accessible player –Downloads–Download Video w/CCDownload AudioDownload TranscriptCredit: Provided courtesy of the Laureate International Network of Universities.

Discussion: The Effects of Means-Tested Social Programs

What is welfare? When you hear the word “welfare,” do you picture images of individuals who are facing hard times? While there is more than one type of social program available in the United States to those who need it, social welfare programs like TANF provide assistance to families in need through government tax revenues. Programs like these are often referred to as “public assistance” or “means-tested programs.” These programs have eligibility criteria that are based on the individual’s or the family’s household income and assets. Do these types of programs exist in your state or region? If so, what are the criteria? If you encountered a client like Eboni Logan, from the Logan Family video, who soon will become a mother, how might you best assist her in obtaining benefits from these types of programs?

For this Discussion, review this week’s resources, including the Logan Family video case. Consider the means-tested programs that might be available to her in your state or region. Then, think about the likely long-term outcomes for Eboni and her child, if she chooses to parent. Finally, reflect on the state welfare policies that might help her manage the responsibilities of parenthood.

By Day 3

Post a brief explanation of the means-tested programs that might be available to Eboni. Be sure your answer is specific to the means-tested programs available in your state or region. Then, explain the potential long-term outcomes for Eboni and her child, if she chooses to parent. Finally, explain the state public assistance policies that might help Eboni manage the responsibilities of parenthood.

Support your post with specific references to the resources. Be sure to provide full APA citations for your references