{"id":25596,"date":"2023-07-28T23:13:25","date_gmt":"2023-07-28T23:13:25","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/assignment-1time-value-of-money-assignment-2-business-and-financial-research-project-part-b-strategy-planning-and-swot-analysis\/"},"modified":"2023-07-28T23:13:25","modified_gmt":"2023-07-28T23:13:25","slug":"assignment-1time-value-of-money-assignment-2-business-and-financial-research-project-part-b-strategy-planning-and-swot-analysis","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/assignment-1time-value-of-money-assignment-2-business-and-financial-research-project-part-b-strategy-planning-and-swot-analysis\/","title":{"rendered":"Assignment 1:Time Value of Money,  Assignment 2: Business and Financial Research Project Part B: Strategy Planning and SWOT Analysis"},"content":{"rendered":"<ul style=\"margin: -20px -10px; font-size: 12.8px; cursor: auto; color: inherit;\">\n<li style=\"margin: 0px -1px; padding: 20px 30px; font-weight: inherit; font-size: 12.8px; cursor: auto; color: inherit;\">\n<div style=\"padding: 0px 0px 12px 60px; font-size: 14.08px; cursor: auto; color: inherit;\">\n<h3 style=\"margin-right: 3px; margin-bottom: 0px; margin-left: 0px; font-weight: bold; font-size: 15.488px; cursor: auto;\"><a style=\"font-weight: inherit; font-size: 15.488px; cursor: auto;\"><span style=\"font-weight: inherit; font-size: 15.488px; cursor: auto; color: inherit;\">&nbsp;Assignment 1: Time Value of Money<\/span><\/a><\/h3>\n<\/div>\n<div style=\"padding-left: 60px; cursor: auto; color: inherit;\">\n<div style=\"font-size: 10pt; cursor: auto; color: inherit;\">\n<div style=\"font-size: 1.2rem; line-height: 1.5rem; cursor: auto; color: inherit;\">\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\"><\/div>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">One of the most fundamental tenets of financial management relates to the time value of money. The time value of money technique is important in healthcare financial management when we discount all future expected reimbursements to today\u2019s value.<\/div>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">You are required to use<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><a style=\"font-weight: inherit; font-size: 15.36px; cursor: auto;\">Dr. He\u2019s Financial Abacus for DNP (XLS)<\/a><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>to solve all the questions. Please copy and paste the Excel tables to a Microsoft Word document when you answer these questions.<\/div>\n<ol style=\"margin: 1em 0px; padding: 0px 0px 0px 40px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">You invested $20,000 in a CD with the annual interest rate of 11%. How much money would you have after 5 years? (Use the future value of a single amount table.) [10 points]&nbsp;<\/li>\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">Gary Kiraly wants to buy a new CT scan machine in three years. The machine is expected to cost $80,000 at that time. If Gary should be so lucky as to find an investment yielding 12% over that three-year period, how much would he have to invest now to accumulate $80,000 at the end of the three years? (Use the present value of a single amount table.) [10 points]&nbsp;<\/li>\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">You contribute $6,000 to an individual health saving account every year for the next 20 years. We assume that you never make a withdrawal. The interest rate is 8%. How much money would you be able to accumulate after 20 years? (Use the future value of an annuity table.) [15 points]&nbsp;<\/li>\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">You have just won a medical litigation settlement with the amount of $300,000. Your settlement will be paid to you in 30 equal annual installments with $10,000 every year for the next 30 years. If the quoted annual interest rate is 9%, what is the present value of the stream of installments you will receive? (Use the present value of an annuity table.) [15 points]&nbsp;<\/li>\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">If you want to accumulate special health insurance subsidy funds of $140,000 in 13 years, how much must you save every year in an account that pays an annual interest rate of 14%? (Use annuity equaling a future value.) [15 points]&nbsp;<\/li>\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">John and Peggy recently bought a clinic. They financed the clinic with a $125,000, 30-year mortgage with a nominal interest rate of 7 percent. Mortgage payments are made at the end of each month. What is the mortgage payment per month? (Use the annuity equaling a present value table.) [15 points]&nbsp;<\/li>\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">Marcia Stubern is planning for her golden years.\u202f She will retire in 20 years, at which time she plans to begin withdrawing $60,000 annually.\u202f She is expected to live for 20 years following her retirement.\u202f Her financial advisor thinks she can earn 9% annually (both before and after her retirement). How much does she need to invest each year to prepare for her financial needs after her retirement? [20 points]&nbsp;<\/li>\n<\/ol>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">To view the assignment rubric for this course, please go to<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><strong style=\"font-weight: bold; font-size: 15.36px; cursor: auto; color: inherit;\">My Grades<\/strong><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>in your course menu. Locate the assignment in the list and select<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><strong style=\"font-weight: bold; font-size: 15.36px; cursor: auto; color: inherit;\">View Rubric<\/strong>.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li style=\"margin: 0px -1px; padding: 20px 30px; font-weight: inherit; font-size: 12.8px; cursor: auto; color: inherit;\">\n<div style=\"padding: 0px 0px 12px 60px; font-size: 14.08px; cursor: auto; color: inherit;\">\n<h3 style=\"margin-right: 3px; margin-bottom: 0px; margin-left: 0px; font-weight: bold; font-size: 15.488px; cursor: auto;\"><a style=\"font-weight: inherit; font-size: 15.488px; cursor: auto;\"><span style=\"font-weight: inherit; font-size: 15.488px; cursor: auto; color: inherit;\">&nbsp;Assignment 2: Business and Financial Research Project Part B: Strategy Planning and SWOT Analysis<\/span><\/a><\/h3>\n<\/div>\n<div style=\"padding-left: 60px; cursor: auto; color: inherit;\">\n<div style=\"font-size: 10pt; cursor: auto; color: inherit;\">\n<div style=\"font-size: 1.2rem; line-height: 1.5rem; cursor: auto; color: inherit;\">\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\"><\/div>\n<h4 style=\"margin: 30px 0px 10px; font-weight: 700; font-size: 1.7rem; line-height: 2rem; cursor: auto;\">Instructions<\/h4>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">After having written your business plan earlier in the course in Week 2, the next step is to create mission, vision, and values for your business practice and conduct a SWOT analysis. Strategic planning not only helps you look for opportunities to expand your medical practice, it also makes you analyze your current condition. A good strategic plan includes a mission statement, which leads to planning, documenting, and executing all the milestones that will be met.<\/div>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">Strategic planning for your medical practice is similar to driving a car across the country. You must be aware of where you are, critically examine your present condition, and set milestones to reach where you want to be. It can be achieved by implementing a technique called SWOT analysis. A SWOT analysis in health care allows a medical practice to explore internal strengths and weaknesses as well as external opportunities and threats. What makes a SWOT analysis essential for medical practitioners is that it can help you see opportunities that you can exploit, understand weaknesses that you can manage, and acknowledge threats that you might have overlooked.<\/div>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">Revisit the business plan you created in the Business and Financial Research Project Part A and use insight gained from this week\u2019s discussion to complete the following tasks.<\/div>\n<ol style=\"margin: 1em 0px; padding: 0px 0px 0px 40px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">Create the following for your business practice: mission, vision, and values.<\/li>\n<li style=\"padding: 0px 0px 6px; font-weight: inherit; font-size: 15.36px; cursor: auto; color: inherit;\">Conduct a SWOT analysis to evaluate the strengths, weaknesses, opportunities, and threats of your business practice).&nbsp;<\/li>\n<\/ol>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">Your strategy plan should be 3-6 pages in length, double spaced. Make sure that the page count does not include the title page or reference list. Be sure to use formal writing mechanics. The assignment can include references, if necessary. You will likely need to conduct additional research outside of the learning materials provided.<\/div>\n<div style=\"margin-bottom: 1em; cursor: auto; color: inherit;\">To view the assignment rubric for this course, please go to<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><strong style=\"font-weight: bold; font-size: 15.36px; cursor: auto; color: inherit;\">My Grades<\/strong><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>in your course menu. Locate the assignment in the list and select<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><strong style=\"font-weight: bold; font-size: 15.36px; cursor: auto; color: inherit;\">View Rubric<\/strong>.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Assignment 1: Time Value of Money One of the most fundamental tenets of financial management relates to the time value of money. The time value of money technique is important in healthcare financial management when we discount all future expected reimbursements to today\u2019s value. You are required to use&nbsp;Dr. He\u2019s Financial Abacus for DNP (XLS)&nbsp;to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[676],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/25596"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=25596"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/25596\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=25596"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=25596"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=25596"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=25596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}