Please construct an income statement for the firm Format (monetary figures, underlines, headings) Groupings correct Correct numbers Assume: 1) That...

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Finance

Please construct an income statement for the firm
Format (monetary figures, underlines, headings)
Groupings correct
Correct numbers
Assume:
1) That 7.5% of patient services revenue is likelyuncollectable
2) That the firm has equipment with the followinginformation:
Purchase price: $3,700,000
Scrap value: $604,889
Years of use: 7
Delivery and building reading charges: $160,000
Staff to work machine: $180,000 (per year)
Date (Multiple Items)
Row Labels Average of Amount
General expense 213646.875
Grant 42717.5
Investment income 31863
Other revenue 9996.111111
Patient service revenue 59724.82245
Supplies 155944.5385
Wages 376014.3947
Grand Total 93643.85386

Answer & Explanation Solved by verified expert

3.9 Ratings (686 Votes)

Income Statementin NotesPatient service revenue59725Other revenue9996Total Revenue69721Staff to Work See Answer

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Please construct an income statement for the firmFormat (monetary figures, underlines, headings)Groupings correctCorrect numbersAssume:1) That 7.5% of patient services revenue is likelyuncollectable2) That the firm has equipment with the followinginformation:Purchase price: $3,700,000Scrap value: $604,889Years of use: 7Delivery and building reading charges: $160,000Staff to work machine: $180,000 (per year)Date(Multiple Items)Row LabelsAverage of AmountGeneral expense213646.875Grant42717.5Investment income31863Other revenue9996.111111Patient service revenue59724.82245Supplies155944.5385Wages376014.3947Grand Total93643.85386

Please construct an income statement for the firm


Format (monetary figures, underlines, headings)
Groupings correct
Correct numbers


Assume:
1) That 7.5% of patient services revenue is likelyuncollectable
2) That the firm has equipment with the followinginformation:
Purchase price: $3,700,000
Scrap value: $604,889
Years of use: 7
Delivery and building reading charges: $160,000
Staff to work machine: $180,000 (per year)
Date	(Multiple Items)

Row Labels	Average of Amount
General expense	213646.875
Grant	42717.5
Investment income	31863
Other revenue	9996.111111
Patient service revenue	59724.82245
Supplies	155944.5385
Wages	376014.3947
Grand Total	93643.85386