Assume that all costs are fixed and except supply costs

Assignment Help Financial Accounting

Reference no: EM131202135

You are considering starting a walk-in 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

Assume that all costs are fixed, except supply costs, which are variable. Furthermore, assume that the clinic must pay taxes at a 30 per-cent rate.

Construct the clinic’s projected P&L statement.

Reference no: EM131202135

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