Essay question answer

0 / 5. 0

Occupational Safety Training and Development Name Institution Occupational Safety Training and Development Safety and health training development is a primary aspect of any organization. Financial budgeting and planning should be conducted to achieve cost containment in the company. The finance teams should, therefore, understand the effects of cost initiatives and how it could affect the business imperatives in the hospitals. Training and upgrading the employees' skills in health sector minimizes errors hence quality service delivery. Question 1 Calculating the breakeven point requires the financial manager to determine both fixed and variable costs for the services or products a company produces or delivers (Cascio, 2018). Considering the case provided on computer-based training cost, finding the breakeven point cost would require the hospital to hold all the variables constant. The step would provide a drop in the value of breakeven point. For instance, the hospital's new training cost is reduced by $20,000, therefore, determining the breakeven point involves taking the fixed cost of $80,000÷ (Price ̵ Variable cost). A three-year cost distribution of $30,000 would be the maximum cost that the company could consider for initiating the program. The outlined distribution would ensure that the initial training cost is covered hence the hospital can realize different profit margins. The maximum acceptable cost would therefore, take between 20,000 and 30,000 since this would be within the cut cost. Return on investment is significant in measuring investment performance. It would require the hospital finance management to calculate returns on investments

Related samples

Name Name von Professor Disziplin Datum Inhalt TOC o "1-3" h z u 1 Einleitung PAGEREF _Toc507996845 h 32 Chancen und Risiken der Digitalisierung PAGEREF...

Motivation und Gesundheitsverhalten Inhaltsverzeichnis TOC o "1-3" h z u Abbildungsverzeichnis PAGEREF _Toc507269413 h 31. Gesundheit und gesundheitsbezogenes...


DESCARTES MEDITATION Student’s Name Institution Introduction This term paper reflects Descartes’ meditation. It gives a critical analysis concerning the...

Student’s Name: Professor’s Name: Course Number: Date: Schizophrenia Psychological disorders are a pattern of irregular thoughts and behaviors which impede a...


Leave feedback

Your email address will not be published. Required fields are marked *