N4455 Nursing Leadership and Management

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Module 3 Assignment 1: Financial Management Case Study vsp20(3)

Name: Tabatha Rogers Date: 21 April 2020

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).

Example: What percent of 45 is

10? 10 ÷ 45 = .222; so, 10 is

22% of 45.

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N4455 Nursing Leadership and Management

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* You will only need addition, subtraction, multiplication, and division.

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