Find what is expected net income

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Problem 1: A not-for-profit urgent care facility hosts 10,000 visitors in a year. Revenues are $100 per visitor. Fixed operating expenses are $400,000. Variable operating expenses are 20 percent of revenues. Depreciation is $50,000. What is expected net income?

1) $300,000

2) $350,000

3) $150,000

 

4) $0

5) $500,000

6) $200,000

7) $50,000

8) $400,000

9) $250,000

10) $100,000

Reference no: EM132968103

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