Medical office expenses for the month of March are $8,300. Revenue for the same month is $15,240. The practice has a total of $284,000 and liabilities of $56,000. What is the net income for the practice for the month of March?

Question

Quizplus · Accepted Answer

Net income is calculated as Revenue minus Expenses. For March, the net income is $15,240 (Revenue) - $8,300 (Expenses) = $6,940.

Medical Office Expenses for the Month of March Are $8,300