Healthcare FinanceSpring 2020Homework #21.A. From a financial perspective, briefly describe the concept of a business. B. What is the difference between a business and a pure charity?2.What are the three legal forms of business organization? What are the advantages and disadvantages of each one?3.What are the primary differences between investor-owned and not-for-profit corporations?4.What is the difference between a standard corporation (C-corporation) and a benefitcorporation (B-corporation)?5.A. What is the primary goal of investor-owned corporationsB. What is the primary goal of most not-for-profit healthcare corporations?C. Are substantial differences found between the financial goals of investor owned and not-for-profit corporations? Explain your answer. D. What is an agency problem?6.A. Why are tax lows important to healthcare financeB. What three major advantages do tax laws give to not-for-profit corporations?7.Assume that Provident Health System, a for-profit hospital, has $1 million in taxable income for 2019, and its tax rate is 30 percent. a.Given this information, what is the firm’s net income? (Net incme is what remains after taxes have been paid.)b. Suppose the hospital pays out $300,000 in

Explanation:THE DIFFERENCE BETWEEN PURE BUSINESS AND CHARITY:-business is any form of activity where money is invested with the hope of making profits WHILE Charity means given out money and other items to help humanity..

DIFFERENCE BETWEEN INVESTORS OWNED AND NON PROFITABLE ORGANIZATION

Investors own company invest to get profit WHILE NON profitable organizations are not mainly for profit making...

THREE LEGAL FORMS OF BUSINESS

(1) sole proprietorship

Merit:-the owner gets all the profit

Demerits:-the owner bears all the lost.

(2)partnership

Merits:-workload is shared

Demerits:-profit is shared.

(3)limited liability

Profit:-transfer of owner is easy

Demerit:-exploitation of share holders.

DIFFERENCE BETWEEN STANDARD CORPORATION AND BENEFIT CORPORATION

Standard corporations are strictly for business and profit while BENEFIT CORPORATION are not strictly for profit,

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.

answer; engaging in effective public relations;