What are Warren Clinic’s total expenses? Entries for the Warren Clinic Income Statement are listed below...
What are Warren Clinic’s total expenses?
Entries for the Warren Clinic Income Statement are listed below in alphabetical order. Reorder the data in the proper format. Select the appropriate response.
Depreciation Expense $90,000
General/Administration Expenses $70,000
Interest Expense $20,000
Investment Income $40,000
Net Operating Revenues $XXX
Other Revenue $10,000
Patient Service Revenue $500,000
Provision for Bad Debts $40,000
Purchased Clinic Services $80,000
Salaries and Benefits $175,000
Total Expenses $XXX
Select one or more:
a. $498,000
b. $375,000
c. $435,000
d. $420,000
Homework Answers
c.$435,000.
| depreciation expense | 90,000 |
| general/administration expenses | 70,000 |
| interest expense | 20,000 |
| purchased clininc services | 80,000 |
| salaries and benefits | 175,000 |
| total expenses | 435,000 |
note: provision for bad debts is an estimate and not and expense.
Add Answer to:
What are Warren
Clinic’s total expenses?
Entries for the Warren
Clinic Income Statement are listed below...
What is Warren Clinic’s net operating revenue? Calculate the net operating revenue, yourself. Entries for the...
What is Warren Clinic’s net operating revenue? Calculate the net operating revenue, yourself. Entries for the Warren Clinic Income Statement are listed below in alphabetical order. Reorder the data in the proper format. Select the appropriate response. Depreciation Expense $90,000 General/Administration Expenses $70,000 Interest Expense $20,000 Investment Income $40,000 Net Operating Revenues $XXX Other Revenue $10,000 Patient Service Revenue $500,000 Provision for Bad Debts $40,000 Purchased Clinic Services $80,000 Salaries and Benefits ...
1.What is Warren Clinic’s net operating revenue ? Calculate the net operating revenue, yourself. Entries for...
1.What is Warren Clinic’s net operating revenue ? Calculate the net operating revenue, yourself. Entries for the Warren Clinic Income Statement are listed below in alphabetical order. Reorder the data in the proper format. Depreciation Expense $90,000 General/Administration Expenses $70,000 Interest Expense $20,000 Investment Income $40,000 Net Operating Revenues $XXX Other Revenue $10,000 Patient Service Revenue $440,000 Provision for Bad Debts $40,000 Purchased Clinic Services $90,000 Salaries and Benefits $150,000 Total Expenses $420,000 Question #2 $420,000 What are Warren Clinic’s...
What is Warren Clinic’s net operating income? Hint: In order to determine this you will have first...
What is Warren Clinic’s net operating income? Hint: In order to determine this you will have first have had to successfully calculated 'Net Operating Revenue' and 'Total Expenses.' Depreciation Expense $90,000 General/Administration Expenses $70,000 Interest Expense $20,000 Investment Income $40,000 Net Operating Revenues $XXX Other Revenue $10,000 Patient Service Revenue $500,000 Provision for Bad Debts $40,000 Purchased Clinic Services $80,000 Salaries and Benefits $175,000 Total Expenses $XXX Select one or more: a. $100,000...
The nominal accounts of Boston Clinic for the year ended December 2018 are listed below in...
The nominal accounts of Boston Clinic for the year ended December 2018 are listed below in alphabetical order: Depreciation expense $90,000 General/administrative expenses 70,000 Interest expense 20,000 Investment income 40,000 Net income 30,000 Net operating revenues 410,000 Other revenue 10,000 Patient service revenue 440,000 Provision for bad debts 40,000 Purchased clinic services 90,000 Salaries and benefits 170,000 a. Prepare a properly formatted income statement for the year ended December 31, 2018. b. Did Boston Clinic spend $90,000 on new fixed...
The nominal accounts of Boston Clinic for the year ended December 2018 are listed below in...
The nominal accounts of Boston Clinic for the year ended December 2018 are listed below in alphabetical order Depreciation expense General/administrative expenses Interest expense Investment income Net income Net operating revenues Other revenue Patient service revenue Provision for bad debts Purchased clinic services Salaries and benefits $90,000 70,000 20,000 40,000 10,000 410,000 10,000 440,000 40,000 90,000 170.000 a. Prepare a properly formatted income statement for the year ended December 31, 2018. b. Did Boston Clinic spend $90,000 on new fixed...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below....
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below. Tampa Clinic Income Statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue $524,630 Less provision for bad debts (27,630) Net patient service revenue $497,000 Other revenue 10,000 Net operating revenues $507,000 Expenses: Salaries and benefits $231,950 Supplies 76,050 Insurance 16,700 Depreciation 8,000 Interest 41,000 Total expenses $373,700 Operating income $133,300...
Using the trial balance prepared and Statement of Comprehensive Income prepared below, prepare the Statement of...
Using the trial balance prepared and Statement of Comprehensive Income prepared below, prepare the Statement of Financial Position as at 31 December 2019 for ABC Sdn Bhd.[20marks] TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE Accounts DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Land 500,000 500,000 Building 200,000 200,000 Motor vehicles 120,000 1000 119,000 Plant and machinery 70,000 70,000 Retained profit as at 01.01.2019 312,150 312,150 8% debenture 150,000 150,000 Ordinary share 200,000 200,000 Accumulated depreciation as at 31.12.2019: Building 60,000 60,000 Motor...
Chelsea Clinic’s static budget, flexible budget and actual expense information for 2020 is listed below. Assumptions:...
Chelsea Clinic’s static budget, flexible budget and actual expense information for 2020 is listed below. Assumptions: Static Budget Flexible Budget Actual Results Blue Cross Visits 36,000 40,000 40,000 Highmark Visits 54,000 60,000 60,000 Total Visits 90,000 100,000 100,000 Revenues Blue Cross $ 900,000 $ 1,000,000 $ 1,120,000 Highmark $ 1,080,000 $ 1,200,000 $ 1,080,000 Total $ 1,980,000 $ 2,200,000 $ 2,200,000 Costs Variable: Labor $ 1,200,000 $ 1,333,333 $ ...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000 41,000 9373,700 $133,300 Nonoperating income Investment income Net income 700 Dncernber 31, 201s 2018...
How does Tampa Clinic’s statement of cash flows compare with Sunnyvale’s statement? Exhibit 4.6. The 2018...
How does Tampa Clinic’s statement of cash flows compare with
Sunnyvale’s statement? Exhibit 4.6.
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000...
The nominal accounts of Boston Clinic for the year ended December 2018 are listed below in alphabetical order Depreciation expense General/administrative expenses Interest expense Investment income Net income Net operating revenues Other revenue Patient service revenue Provision for bad debts Purchased clinic services Salaries and benefits $90,000 70,000 20,000 40,000 10,000 410,000 10,000 440,000 40,000 90,000 170.000 a. Prepare a properly formatted income statement for the year ended December 31, 2018. b. Did Boston Clinic spend $90,000 on new fixed...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000 41,000 9373,700 $133,300 Nonoperating income Investment income Net income 700 Dncernber 31, 201s 2018...
How does Tampa Clinic’s statement of cash flows compare with
Sunnyvale’s statement? Exhibit 4.6.
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000...
Most questions answered within 3 hours.
-
On May 1, Sequoia Inc. issued 30,000 shares of its common stock
with a $15 par...
asked 1 minute from now -
For Python 2.7.8, Write a program that defines
a function that prints a short poem or...
asked 1 minute from now -
An optical disk drive in your computer can spin a disk up to
10,000 rpm (about...
asked 9 minutes ago -
Is the purpose of lightning rods to attract lightning?
asked 18 minutes ago -
Let A be an event included in S that is independent of itself.
Then we have:...
asked 17 minutes ago -
The Adverse Childhood Experiences (ACE) Study has had a great
impact on moving psychologists to be...
asked 15 minutes ago -
Write a paper on: Assume that you have been assigned as the
project manager for a...
asked 19 minutes ago -
You plan to save $5,700 per year for the next 10 years. After
the last deposit,...
asked 51 minutes ago -
On January 1, 2019, ABC Corp. borrowed $81,000 by signing an
installment loan. The loan will be...
asked 56 minutes ago -
Enzyme X exhibits maximum activity at pH = 5.25. X shows a sharp
decrease in its...
asked 1 hour ago -
Postulate a reason for why so many aliphatic amino acids are
essential.
asked 1 hour ago -
Three samples were taken of 4 different dog food bags and their
weights were recorded:
Sample/Observation...
asked 1 hour ago