Please define and explain the difference between revenue and expenses. please define and explain each of the major expenses categories on an income statement. what is the largest operating expense category? Why does this make it diffecult to decrease expenses without cutting labor? Please spend the majority of your time on this portion. Part B: What is a profit margin? PartC: If a hospital’s profit margin is not what the board would like it to be is it easier to increase revenue or decrease expenses. Please emphasize the explanation why
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