Construct p&l statement , Cost Accounting

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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 & 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% rate.

a. Construct the clinic's projected P&L statement.

b. What number of visits is required to break even?

c. What number of visits is required to provide you with an after-tax profit of $100,000?

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