Module 3 Assignment 1: Financial Management Case Study vsu21(1)
Name: AMANDA HILL Date: 6/4/21
Overview: Financial Management Case Study
One of the important duties of a nurse leader is to manage personnel and personnel budgets. In this assignment, you will assume the role of a nurse ma...
Module 3 Assignment 1: Financial Management Case Study vsu21(1)
Name: AMANDA HILL Date: 6/4/21
Overview: Financial Management Case Study
One of the important duties of a nurse leader is to manage personnel and personnel
budgets. In this assignment, you will assume the role of a nurse manager. You will use
given data to make important decisions regarding budgets and staffing.
Some nurse managers have computer spreadsheets or software applications to help
them make decisions regarding budgets and staffing. You will only need simple
mathematical operations* to perform the needed calculations in this assignment
because the scenario has been simplified.
Furthermore, some data have been provided for you that a nurse leader might need to gather
or compute in a real setting. Still, you will get a glimpse of the complexity of responsibilities
nurse leaders shoulder regarding financial management.
• To calculate the percent of the whole a given number represents, follow these steps:
Change the percentage to a decimal number by moving the decimal twice to the left (or
dividing by 100).
Multiply the new decimal number by the whole.
Example: What is 30% of 70?
30%= .30; (.30) × 70 = 21
• To find out what percentage a number represents in relation to the whole, follow
these steps: Divide the number by the whole (usually the small number by the
large number).
Change the decimal answer to percent by moving the decimal twice to the right (or
multiplying by 100).
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