The Bobcat Medical Group practice administrator has an important decision to make. With $25,000 of current assets in the form of liquid cash on-hand at this time, a significant medical vendor supply invoice payment is almost due. Prior to the invoice due date, the practice payroll (and related payday) will run, with employees expecting to be paid. Both expenses mentioned are not able to be paid simultaneously, as they total more than the organizations current cash on-hand. In your initial post, provide a detailed plan of actions to demonstrate the importance of understanding both accounting and finance in healthcare administration by discussing what actions you would take in this situation to ensure that Bobcat Medical Group does not default on a supply invoice payment, yet also ensures its employees will be paid on-time (and ensure no insufficient fund checks are returned in the process). In your post, be sure to properly discuss the concepts of both the liquidity and solvency GAAP concepts.