Please complete the following steps for the health care business that you are creating in this class:

STEP 1: Review the Profit and Loss video to learn how to create your Profit and Loss Statement.

STEP 2: Open and save the Profit and Loss Statement template. Answer each question and scenario below using the template and figures as your guide.

1. Set up the attached Profit and Loss Statement for your health care business according to the Profit and Loss video.

2. After determining what your net profit is for the year, increase revenue for half of the year by 20% and raise expenses in each category by 5%.

3. Increase cost of goods by 25% and analyze how this affects your net profit. Please note that you will not have cost of goods sold if you are not selling inventory.

4. Write a one page summary of your projected revenue and expense increase based on your analysis. How does this affect your staff, productivity, or salaries?

5. Assume that next year your insured clients will pay 1/2 of what they did for your product/service during the first year of your company's business. How will this affect your bottom line?

Business I created below

Examples

Templet example for new assignment

Directions below

HOW MANY UNITS DO I NEED TO SELL TO BREAKEVEN? Date: November 8, 2017 Company hop 200px by 50p Given your peofit margin, t is important to know how many units of a certain product that you will need to sell in order to cover your foxedistartup costs. Use this calculator to determine the number of units required to beeakeven plus the potential proft you could make on your anticipated sales volume. ANALYSIS You would need to sell 14 units in order to cover your fxed costs. If you sell your anticipated 2,000 units then your proloss would be $278,000. Unit Sales Breakeven Analysis Units Sold + Fived Costs Total Operating Costs ales Revenues Units Sold Sales Revenues Variable Costs Fixed Costs $2.000 571 1,143 10 500 21 1,000 4571 571 2,000 $5,143 52 SUMMARY OF INPUT HOW MANY UNITS DO I NEED TO SELL TO BREAKEVEN? Date: November 8, 2017 Company hop 200px by 50p Given your peofit margin, t is important to know how many units of a certain product that you will need to sell in order to cover your foxedistartup costs. Use this calculator to determine the number of units required to beeakeven plus the potential proft you could make on your anticipated sales volume. ANALYSIS You would need to sell 14 units in order to cover your fxed costs. If you sell your anticipated 2,000 units then your proloss would be $278,000. Unit Sales Breakeven Analysis Units Sold + Fived Costs Total Operating Costs ales Revenues Units Sold Sales Revenues Variable Costs Fixed Costs $2.000 571 1,143 10 500 21 1,000 4571 571 2,000 $5,143 52 SUMMARY OF INPUT