Essay on Chang Dental Clinic

In this task I’m going to analyse the figures on cash flow that I created in P3 and justify why you think the business might have problems also provide range of solutions.

From analyzing the business using all the above tools my advice is not to concentrate just on a profit but to deal with small but dangerous issues like: stoke leftovers, paying out debts on time (paying upfront will make your business more reliable for banks). I have come to this conclusion because the business is making less profit from the year before and also there is slight increase in some costs such as wages etc. I would also be concerned that the increase in barrowing is a bit dangerous which can lead to the business being closed in the future or to expend it to the new level. If these patterns continue (increasing value of business rising investments in fixed assets) into 2014 the business could successfully start to pay off the overdraft. I think Michael will be able to cope with the ongoing debt.

A health system defined as ‘all the activities whose primary purpose is to promote, restore and/or maintain health’ (WHO 2013). A good health system is indicated by its capability to delivers quality services, when and where the people need them (Australian Institute of Health and Welfare 2014). Australia’s health-care system is a combination of public welfare and private market provision (Willis, Reynolds & Keleher 2009). There are multiple layers of responsibility and funding provided by governments, individuals, health providers and private health insurers (Biggs 2013).

In 2006, 46.32% of the claims on the business (apart from those related to working capital) have been provided by outsiders. They did not create enough profit to cover their interest expense for the year as this figure was minus 4.69 times. It would take the company 2.49 years to pay back all their liabilities.

In Canada, each province provides some form of oral health coverage, however, they frequently cover children, seniors, immigrants and refugees8. Therefore, leaving the rest of the population to provide their own dental needs. The oral health care coverage at the provincial levels varies significantly and is neither comprehensive nor universal (refer to Appendix B). The crucial gaps and lack of service standards across the Canada can be attributed to lack of clear oral health policy and the nature of the Canadian governance, health care is largely the responsibility of provincial level.3

There are numerous situations in which you could wind up searching for the assistance on a crisis dental practitioner. Some of these are truly clear situations, similar to where, for occurrence, you harm your teeth over the span of your everyday tasks, and where in the wake of getting emergency treatment from your nearby doctor, you are encouraged to earnestly see a dental practitioner for more particular consideration. Another normal situation in which you could end up looking for the assistance of a crisis dental specialist resemble where you or your kid wake(s) up amidst the night, with a sharp agony the teeth - and where you feel that you can't sit tight to morning to get to your consistent dental practitioner, henceforth the requirement for you to look for the assistance of a crisis dental specialist.

A ratio analysis has been performed on Berry’s Bug Blasters using data from the financial statements from the last two years. Ratios can provide clues to underlying conditions that may not be apparent from

When Miller considered Chang’s Clinic to be an opportunity, he desired to research the ability in obtain a loan so he could pursue the American dream. It is loyalty that keeps the dental business alive and growing and Despite Miller being the new guy telling clients to say ah, he anticipated he would grow substantially (50% of 04-05) within the first year. After reading this assumption it immediately told me he’s confident in obtaining the loyalty of Chang’s clients. I’m not a dentist, but I assumed this loyalty was imperative to survival and makes this business profitable. After reviewing the income statement and balance sheet provided, that was determined to be a fair assumption. Chang acquired this

The total startup cost for the agency is $8,500 and the start up cost at this time is out of pocket. The agency wants to possess at least $100,000 in working capital for any additions in employees, or for unexpected expenses. The owner understands that at startup the business will need two full-time contracts to maintain monthly expenses as well as retain reserve capital. The two contacts total an amount of $5,000 and the monthly expenses for the agency total $2,483 and as one can see, there is about a 50% profit margin at start-up. In the event the agency decides on obtaining capital by means of acquiring bank loans, private investors, angel investors, and loans from the small business administration, the organization is in position to provide evidence the agency can meet financial responsibilities.

2. Forecast the firm’s financial statements for 2002 and 2003. What will be the external financing requirements of the firm in those years? Can the firm repay its loan within a reasonable period? In order to forecast the financial statements of 2002 and 2003, the following assumptions need to be made. The growth of sales is 15%, same as 2001, which is estimated by managers. The rate of production costs and expenses per sales is constant to 50%. Administration and selling expenses is the average of last 4 years. The depreciation is $7.8 million per year, which is calculated by $54.6 million divided by 7 years. Tax rate is 24.5%, which is provided. The dividend is $2 million per year only when the company makes profits. Therefore, we assume that there will be no dividend in 2003. Gross PPE will be $27.3 million (54.6/2) per year. We also assume there is no more long term debt, because any funds need in the case are short term debt, it keeps at $18.2 million. According to the forecast, Star River needs external financing approximately $94 million and $107 million in 2002 and 2003, respectively. In order to analysis if the company can repay the debt, we need to know the interest coverage ratio, current ratio and D/E ratio. The interest coverage ratios through the forecast were 1.23 and 0.87 respectively, which is the danger signal to the managers, because in 2003, the profits even not

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Allison was hired to lead a dental office for a single provider. Shortly afterward, the dentist, hired a new partner in hopes of expanding his business. He employed a consulting firm to handle all the details of the transition. Allison was only given limited information and was not allowed to actively participate in all of the processes which led to certain drawbacks in the transition. Having just graduated from dental school the new dentist lacks a patient volume, and due to having a set contract which allows for guaranteed annual increases, shows no motivation in contributing to find ways of increasing revenue for the practice. The unsuccessful transition has left the practice facing multiples problems. Expenditures

This semester, I was assigned to the dental clinic run by the University Of Pittsburgh School Of Dental Medicine within Salk Hall. This site is a very accessible resource that people in every different population can utilize for maintaining their dental healthcare. During my time at this site, I have seen many different patients during screenings and procedures. The school accepts patients regardless of race, religion, gender, age, disability, sexual orientation, or ethnic origin. Due to this indiscrimination, members from all of these populations visit the clinic on the daily basis. Those who are financially unstable and those without insurance comprise the population that visit the dental clinic most frequently. This is primarily due to

Need to work on finding the young person to come up and speak at the table. (Possible Pedro)

* Scenario (A): The buyout team plans to maintain the terminal debt level in perpetuity.