A nurse and long-time advocate for quality nursing care for the elderly is planning to open a small nursing facility in town to better meet the needs of the community with financial support from many local investors. When consulting with a local accountant who is volunteering their time, the nurse and owner of the facility learns of the difference between cash and accrual accounting. When the accountant asks which method the owner would like to use, the owner says, "I'm no business person. Let's go with the cash approach, if it's the simplest." 1. Do you agree with the owner's decision in this case? Why or why not? 2. What limitations might this approach place on the facility and its financial operations? 3. If you were the accountant, what further advice might you give the nurse in making this decision?