Select two different types of HCOs and consider the most positive and most negative effects of using the cash versus accrual accounting method for the business.
Discuss the effect of the choices on revenue recognition and matching principles.
Compare and contrast the following items, pointing out their key elements: gross revenue and net revenue, patient service revenue and other revenue, and charity care and bad debt losses on the income sheet
To support your work, use your course and textbook readings and also use the South University Online Library.
This concept has led to a new generation of activist entrepreneurs who are essentially trained business managers with a sense of social responsibility and passion for a bigger cause. The most popular example of this would be of the Dove Campaign. After a research conducted by Unilever which revealed that only 2% of the 3300 women and girls surveyed across the world felt that they were beautiful, Unilever decided to redefine the concept of beauty. The underlying mission of this campaign was to discover “Real beauty” and to help women be happy with the way they are. The advertisement contained confident and bold women of all types instead of regular models to echo the message of “normal is the new beautiful”. Societal marketing: a principle of sustainable marketing that holds a company should make marketing decisions by considering consumers wants, the company’s requirements, consumers and society’s long-term interests. “The well-being of individuals and society can be achieved by the enhancement of positive consequences associated with production and consumption of a product, as well as the limitation and/or reduction of negative consequences associated with production and consumption of a product. The reduction of negative consequences and enhancement of positive consequences should be complementary in the conceptualization of a societal orientation. To this respect, a societal orientation should be concerned with maximizing positive impact of and minimizing negative effects associated with the production and consumption of a product in order to increase the long-run well-being for consumers and society at large.” Explanation of the case & synthesis with the theory: Consumer oriented marketing: Tesla has consumer-oriented marketing The company has a traditional marketing channel of direct selling and promotes primarily through media coverage & word of mouth. These drivers have helped them reduce their marketing cost along with spreading a word of trust to boost their sales in the EV market segment. The company through its owned stores interacts directly with customers keeping in view of their feedback and focuses on customer satisfaction. Tesla also maintains low inventory and and offers customization in accordance with the customer’s needs & preferences via the internet. Customer value marketing: Tesla lacks customer value marketing Although Tesla focuses on customer satisfaction but there is an unclear vision through which it operates. The company is not driven by profitability but from a perspective to eradicate the usage of fossil fuels. The dependency of customers to charge their vehicle>GET ANSWER