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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.
Evaluate the net operating income for the month under variable costing and evaluate the net operating income for the month under absorption costing?
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Prepare an amortization table through the first two interest periods using the effective-interest method and prepare journal entries to record bond-related transactions as of the folowing dates January 1,2014, July 1 2014, Dec 31,2014
The U. S.- based MNC Fairwon is contemplating a major corporate investment in Mexico to construct turbines. The level of long- term interest rates is about 6 percent higher in Mexico at 12 percent. Fairwon estimates that its USD cost of capital (for ..
BamBoo Furniture customers view and make furniture selections on the show room floor. Employees check item availability using the enterprise database. If the items are available in the warehouse, the employee obtains the customer information to place..
Determine the current year's overhead application rate
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On January 1, 2016, Company P purchases 100% of Company S voting stock for $800,000 cash, and Company P maintains Company S as a subsidiary. At the date of purchase, Company S reavealed the following: assets $900,000, liabilities $100,000, common sto..
using these 2007 annual reports for the coca-cola company and pepsico inc. answer the following questions. write these
1. what exact labor and overhead costs would be incurred both before and after split off point? again be precise here
Net income for the year ended December 31, year 2, was $60,000. At December 31, year 2, what amount should Cyan report as retained earnings?
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