1. Below is a table for three independent clinics. Fill in the missing data (a)- (f). You will have 6 answers to this question. Financial Data on three Independent Clinics Revenue Total Variable Costs Fixed Costs Total Costs Profit $2,000 $1,300 (b) $1,000 Clinic Spring Clinic Arizona Clinic (c) Brothers Clinic $4,000 (e) (a) (d) $600 $2,000 $1,500 (f) $2,500 $400

1. Below is a table for three independent clinics. Fill in the missing data (a)- (f). You will have 6 answers to this question. Financial Data on three Independent Clinics Revenue Total Variable Costs Fixed Costs Total Costs Profit $2,000 $1,300 (b) $1,000 Clinic Spring Clinic Arizona Clinic (c) Brothers Clinic $4,000 (e) (a) (d) $600 $2,000 $1,500 (f) $2,500 $400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Hi,

Could you please help me with this. I need to understand how the 6 missing dollar amounts are calculated.

Thank you :)

1. Below is a table for three independent clinics. Fill in the missing data (a)- (f). You will have 6
answers to this question.
Financial Data on three Independent Clinics
Revenue Total Variable Costs Fixed Costs Total Costs Profit
$2,000
(b)
Clinic
Spring Clinic
Arizona Clinic (c)
Brothers Clinic $4,000 (e)
$1,300
$1,000
(a)
(d)
$600
$2,000
$1,500
(f)
$2,500
$400

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Follow-up Question

For letter C- If I have a profit of $2,500 and total costs of $1,500- wouldn't my revenue be only $1,000?

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