In this Discussion, you consider how the costs of the daily tasks performed by nurses are accounted for and impact cash flow.

To prepare:

• Review this week’s Learning Resources focusing on the difference between accrual accounting and cash accounting. Conduct additional research as needed until you are confident that you grasp the distinction between the two approaches.
• Consider why you would select one approach over the other and the effect it would have on financial decision making. Determine how you could explain these concepts to someone not familiar with accounting.
• Select a task you might perform daily, or an item that you might use daily in the workplace, and determine where the cost should appear on a balance sheet.
• Reflect on the role of cash in the financial operations of an organization. How could cash flow issues impact your own organization (or one with which you are familiar)?

By Day 3

Post an explanation of the difference between accrual accounting and cash accounting, and when each might be used. Then, describe a task you might perform or an item you might use daily, and explain where the cost should appear on a balance sheet, and why. Finally, assess how cash flow issues could impact your own organization (or one with which you are familiar).

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Dangerfield Industrial systems company(DISC) is trying to decide between two different conveyor belt systems. System A costs $430,000 has a four year life and requires a $110,000 in pretax annual operating costs. System B costs $570,000, has a six year life, and requires a $98,000 in pre-tax annusl operating costs. Both systems are to be depreciated straight line to zero over their lives and will have zero salvage value. Whichever project is chosen it will not be replaced when it wears out. It the tax rate is 34% and the discount rate is 11%, which project should the firm choose?
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