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What is Warren Clinic’s net operating revenue? Calculate the net operating revenue, yourself.   Entries for the...

What is Warren Clinic’s net operating revenue? Calculate the net operating revenue, yourself.  

Entries for the Warren Clinic Income Statement are listed below in alphabetical order. Reorder the data in the proper format. Select the appropriate response.

Depreciation Expense                                     $90,000

General/Administration Expenses                  $70,000

Interest Expense                                              $20,000

Investment Income                                         $40,000

Net Operating Revenues                                 $XXX

Other Revenue                                                $10,000

Patient Service Revenue                                 $500,000

Provision for Bad Debts                                 $40,000

Purchased Clinic Services                               $80,000

Salaries and Benefits                                      $175,000

Total Expenses                                                $XXX

Select one or more:

a. $440,000

b. $390,000

c. $470,000

d. $410,000

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Answer #1

c. $470,000 , Net operating revenue is the income generated from the business operations after deducting all expense incurred in business oeprations.

Calculation of Warren Clinic’s net operating revenue :

Patient Service Revenue = $500,000

Less: Provision for Bad Debts = $40,000

Net Patient Service Revenue = $460000

Add: Other Revenue    = $10,000

net operating revenue = $470,000

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