Interest Expense-Question #3What is Warren Clinic's net operating income? Hint: In order to determine this you will havefirst have had to successfully calculated 'Net Operating Revenue' and 'Total Expenses.'Depreciation Expense.General/Administration Expenses-Operating Revenue$75,000$60,000Investment Income$15,000Patient Service Revenue $425,000Net Operating Revenues$20,000$XXX(-) fr. for Bad debtsbiaal Net Patient Service Revenue44,000$381,000Other Revenue -(+) Other Revenue13,000'Patient Service Revenue$13,000Subtotal Net Operating Revenue394,000Provision for Bad Debts.$425,000$44,000ExpensesPurchased Clinic Services.Salaries and benefits $180,000$80,000Salaries and Benefits -Total Expenses+Puchased dinical Services80,000$180,000SXXX+ General and adminismaveexpenses40.000$75,000+ Depreciation Expense+ Intrest ExpenseTTS,000Choice: ($35,000)Choice: ($16,000)Choice: $27,000Choice: $75,000Total ExpenseNetoperating latel$410,00014,000non- operating broad $20,000 investment incomeWet Jacome$4,000

Operating Income -Operating Income, sometimes referred to as EBIT or Recurring Profit, is a crucial…

What is Warren Clinic's net operating income? Hint: In order to determine this you will have first have had to successfully calculated 'Net Operating Revenue' and 'Total Expenses.' Depreciation Expense General/Administration Expenses Interest Expense- Investment Income Net Operating Revenues Other Revenue . Patient Service Revenue Provision for Bad Debts. Purchased Clinic Services. Salaries and Benefits - Operating Revenue Patient Service Revenue $425,000 $75,000 $60,000 $15,000 $20,000 (-) Pr. for Bad debts 44.000 SXXX baul Net Patient Service Revenue 381,000 $13,000 $425,000 $44,000 (+) Other Revenue Subtotal Net Operating Revenue 394,000 Expenses 13,000 $80,000 $180,000 SXXX Salaries and benefits $180,000 + Puchased dinical Services $80,000 + General and achinima expenses Le0.000 75,000

What is Warren Clinic's net operating income? Hint: In order to determine this you will have first have had to successfully calculated 'Net Operating Revenue' and 'Total Expenses.' Depreciation Expense General/Administration Expenses Interest Expense- Investment Income Net Operating Revenues Other Revenue . Patient Service Revenue Provision for Bad Debts. Purchased Clinic Services. Salaries and Benefits - Operating Revenue Patient Service Revenue $425,000 $75,000 $60,000 $15,000 $20,000 (-) Pr. for Bad debts 44.000 SXXX baul Net Patient Service Revenue 381,000 $13,000 $425,000 $44,000 (+) Other Revenue Subtotal Net Operating Revenue 394,000 Expenses 13,000 $80,000 $180,000 SXXX Salaries and benefits $180,000 + Puchased dinical Services $80,000 + General and achinima expenses Le0.000 75,000

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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