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You are considering starting a clinic. Your financial projections for the first year of operations are as follows:
Revenues (10,000 visits) $400,000
Wages and benefits 220,000
Rent 5,000
Depreciation 30,000
Utilities 2,500
Medical supplies 50,000
Administrative supplies 10,000
all costs are fixed except supply costs, which are variable. Also, assume that the clinic must pay taxes at a 30 percent rate.
Need the clinic's projected P&L statement.
Which items must be depreciated on the business books of the company you wokr for?
Research and find the financial statements of a college or hospital and see how their reporting differs from other governmental organizations you have learned about in this class. Post both the financial statement and your listing of the differences.
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Kestner Clinic uses patient-visits as its measure of activity. During September, the clinic budgeted for 3,000 patient-visits, but its actual level of activity was 2,900 patient-visits. The clinic has provided the following data concerning the formul..
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The equipment had a cost of $224,000 and accumulated depreciation of $44,800 as of October 17. Explain how do you journalize this?
Cullumber Company began operations in 2015 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2017, in accordance with other companies in its industry, Cullumber changed its inventory pricing to FIFO. What is Cullumber’s n..
Prepare a pension worksheet. On the pension worksheet, compute pension expense, pension asset/liability, projected benefit obligation, plan assets, prior service cost, and net gain or loss.
Determine the dollar amt of interest you would pay on each loan and indicate the amount of net proceeds each loan would provide. Which loan would provide you with the most upfront money when the loan takes place? Calculate the percent interest rate o..
calculation of inventory value and total manufacturing cost.the following information has been taken from the perpetual
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