Question

Hello! I need help with this assignment. Can someone please answer this for me. I will definitely like your answer!!! I need the completed excel sheet of the “WEEK 2 BUDGETED STATEMENT OF OPERATIONS,” as explained at the end, and the 2 questions answered as well:

1. What information does this complete Income Statement provide?
2. What decisions should be made before proceeding with the clinic grand opening?

Once again, thanks!!!

Income from Operations:
Patient Care Services					$
Other Operating Income						0
TOTAL INCOME FROM OPERATIONS						$
Operating Expenses:
Salaries and Wages					$
Employee Benefits
Supplies:
	Medical supplies
	Drugs/Pharmeceuticals
	Office supplies
	Kitchen supplies
	Cleaning supplies
Laundry Services
Utilities
Repairs and Maintenance
Insurance
Fees and licenses
Professional fees (accounting & attorney)
Building Lease
Depreciation
TOTAL EXPENSES:						$
Operating Income (Loss)					$
Non Operating Income (net of expenses)
Grants					$
In-kind donations
Contributions/Donations
Total Non Operating Income						$
Total Income (Loss)						$

Answer 1

​​​​HEALTHY COMMUNITY,INC

BUDGETED STATEMENT OF OPERATIONS

FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2019

INCOME FROM OPERATIONS
Patient Care Services	312000
Other Operating Income
TOTAL INCOME FROM OPERATIONS		312000
OPERATING EXPENSES
Salaries and Wages	165152
Employee Benefits	-
Supplies:
Medical supplies	31200
Drugs/Pharmaceuticals	62400
Office Supplies	12480
Kitchen Supplies	-
Cleaning Supplies	-
Laundry Services	-
Utilities	90000
Repairs and Maintenance	-
Insurance	55000
Fees and licenses
Professional fees (accounting & attorney)	20800
Building Lease	52
Depreciation
TOTAL EXPENSES:		437084
Operating Income (Loss)			125084
Non Operating Income (net of expenses)
Grants	100000
In kind Donations
Contributions/Donations
Total Non Operating Income			100000
Total Income (Loss)			25084

1. The NPO's total expenditure is in excess of what the total Income is and therefore the NPO is at a loss

2. The NPO should figure out the total income and expense by preparing a proper budget in order to atleast break even and no to incurr loss after the grand opening