Read Case Study Mead Meals on Wheels Center—Part I (from Chapter) and Part II (from Chapter). Using the information in the case study problems, especially Problem 3 (from Part II), discuss the following:
MMWC buys the equipment to expand their services. Present a recommendation supporting the type of financial impact the expansion of services will have on MMWC.
Clearly label the calculation of the impact of food costs and the financial impact costs. Use formulas to calculate the costs and format the cells to insert a comma if there is more than three numbers and round to the nearest whole number.
Submit to your instructor your two-page Word document (not including title and reference pages) and your Excel worksheet. Your paper should be formatted according to APA style as outlined in the approved APA style guide, and you must cite at least two scholarly sources in addition to the textbook.
Readings:
1. Read the following chapters in your text, Financial Management for Public, Health, and Not-for-Profit Organizations. Study and review the key terms at the end of each chapter. Work as many problems as possible to understand the material. This is usually the best way to learn the course concepts.
o Chapter 4: Understanding Costs
o Chapter 5: Capital Budgeting
o Chapter 6: Long-Term Financing
2. Read the following article:
o Juszczak, T. (2004, Winter). Federal performance budgeting: The budget’s new clothes. The Journal of Government Financial Management