Solved

Dr Diana Brentwood, an Optometrist, Received Revenue (Professional Fees) Totaling

Question 48

Essay

Dr. Diana Brentwood, an optometrist, received revenue (professional fees) totaling $238,000 for the year ending December 31, 20- -. Her operating expenses were as follows: $74,800 for salaries; $1,230 for payroll taxes; $21,000 for office rent; $3,500 for depreciation of equipment; $15,000 for supplies; $4,840 for utilities; $1,750 for miscellaneous expenses; $2,100 for automobile expense; and $1,200 for equipment repair expense. Compute the total operating expenses and net profit before taxes for Dr. Brentwood's office for the year.

Correct Answer:

verifed

Verified

operating expenses: $125,420; net profit...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents