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What impact will this proposal (to implement a sliding scale for patients who require financial assistance)...

What impact will this proposal (to implement a sliding scale for patients who require financial assistance) have on an organizations financial statements? articulate the impact using appropriate terminology.

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Answer #1

Proposal to implement of sliding scale for patients who require financial assistance will be putting pressure on the books of the accounts of the company, as the cash flow of the company will reduce significantly and it will lead to the the significant reduction in the total income statements, and the profitability of the company and it will also be resulting into the shrinking of the balance sheet, as the company is trying to providing with a charitable causes and it is trying to help its patients, so that the financial statements of the company are going to be impacted negatively.

The cash flows will reduced as the cash outflow will be increasing and it can also be leading to reduction in the income,as this is a cost to the company and lower profitability will be passed on to the overall profit of the organisation to the balance sheet .

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