Answer the questions and complete the calculations required for the assignment.
Submit your answers on a Word document, with the heading of Week 5 Assignment. For the questions
requiring a written response, answer directly on the assignment and adhere to proper grammar and syntax,
and provide references. For the questions requiring calculations, show all of your work and follow the
format that has been provided for the calculations in the lesson for Week 5. In addition, further explanations
and formulas on the break-even analysis are contained in the required reading resources.
Key points for calculations
When performing calculations, standard rounding rules apply. If the number to the right of the decimal is
less than 0.5, round down to the nearest whole number, e.g., 33.4 = 33 If the number to the right of the
decimal is 0.5 or greater, round up to the nearest whole number, e.g. 33.5 =34.
Read the question carefully. Pay close attention to the units be asked and keep them consistent. For
example, days vs months vs years; charges vs contribution margin; dollars vs percentage
Provide ALL formulas with references. Designate which formula associates with which source. It is not
sufficient to simply list the source at the beginning of the section. Write out the formula used BEFORE filling
in the numbers. Formulas used should be taken from one of the required resources for this course.
Example: Total Contribution Margin (CM) = Contribution margin (CM) category 1 + CM cat 2 + CM 3
Leger, J.M. & Dunham-Taylor, J. (2018). Financial management for nurse managers: Merging the heart with
the dollar, 4 th Ed. Burlington, MA: Jones-Bartlett