Telecommunication Technology the delivery of health Services.docx
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Income statement definition
An income statement is a financial statement that reports a company's financial performance over a specific accounting period. It is one of the three important financial statements used for reporting a company’s financial performance, the other two being the balance sheet and the cash flow statement. The income statement focuses on the revenue, and expenses reported by a company during a particular period. It provides valuable insights into a company’s operations, the efficiency of its management, underperforming sectors, and its performance relative to industry peers.
The income statement is also known as the profit and loss (P&L) statement or the statement of revenue and expense. It starts with the details of sales and then works down to compute net income and eventually earnings per share (EPS). The income statement does not differentiate between cash and non-cash receipts (sales in cash vs. sales on credit) or cash vs. non-cash payments/disbursements (purchases in cash vs. purchases on credit).
Key income statement items
Revenue is the total amount of money a company earns from its operations, usually from the sale of goods or services. For example, a car manufacturer’s revenue would be the total amount of money it earns from selling cars.
Cost of Goods Sold (COGS) represents the direct costs associated with producing or delivering the goods or services sold by a company. In the auto industry, COGS would include the cost of raw materials, labor, and other expenses directly related to manufacturing vehicles.
Gross Profit is calculated by subtracting the COGS from the revenue.
Selling, General, and Administrative (SG&A) expenses represents the costs associated with a company's non-production activities, such as sales, marketing, and administrative functions. In the auto industry, SG&A expenses would include salaries of sales personnel, advertising expenses, rent for office spaces, and other costs related to running the business.
Depreciation & Amortization: Depreciation refers to the systematic allocation of the cost of a tangible asset over its useful life. Amortization, on the other hand, is the process of spreading out the cost of an intangible asset over its useful life. In the auto industry, depreciation and amortization expenses would include the depreciation of manufacturing equipment, vehicles, and amortization of patents or trademarks.
Interest Expenses represents the costs associated with borrowing money or using credit facilities. Interest expenses are incurred when a company has outstanding debt or loans. In the auto industry, interest expenses would include interest paid on loans used to finance manufacturing facilities or purchase equipment.
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Telecommunication Technology the delivery of health Services.docx
- 1. Telecommunication Technology & the delivery of health Services Telecommunication Technology & the delivery of health ServicesTelecommunication Technology & the delivery of health ServicesPermalink: https:// /telecommunicatio…- health-services/ ?Topic: Telecommunication Technology & the delivery of health ServicesOrder DescriptionIM ATTACHING PEER REFOLLOW EXACT DIRECTIONS FOVIEWED ARTICLES, FEEL FREE TO USE THEM, ARTICLES TO BE USE ARE ONLY FROM 2011-2016 peer reviewedR THIS ASSIGMENT PLEASE (ATTACHED) ASSIGMENT 2Include the following in your discussion. Consider these questions as you compose your paper:• What is telehealth care?• Discussion the clinical & nonclinical use of telehealth care.• Discuss benefits of using a PHR and identify barriers to the PHR (telehealth) adoption.• Identify required safety and security provisions (ethical, legal, and regulatory) for PHR (telehealth).• Select a condition/chronic disease (I PICKED COPD!!)in your preferred patient population identify three web sites that would be useful to your patients( .THE WEBSITES ARE ATTACHED TOO!)o Why would you recommend these websites to your patients?o How do you teach your patients what they should look for in a web site?• What are the criteria for a reputable healthcare website? (ATTACHED.) THIS IS A 8 page report, do not count reference page. reference page is APA only