Reference no: EM133006702
Question - Donalda the Dentist has a busy dental office in Etobicoke. Her most recent year included the following transactions:
-A total of $340,000 was billed to her patients in the year.
-The patient billings included $10,000 for work that had been done in the previous year.
-At the end of the current year, a total of $20,000 of work had been started but not completed. It would be finished and billed next year.
-Cash collections included $25,000 from the previous year's clients and $305,000 from the current year's clients, for a total of $330,000.
-All outstanding accounts receivable are expected to be collectible.
Required - Calculate the practice's gross revenue for the current year.
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