Alberta's current fee for-service model allows family doctors to bill $41 as a base fee for each patient visit no matter how short or how long it is. Mr. David found that on average 70 patients visited his clinic per day during the month of January. The clinic is open from Monday to Sunday with 9 AM to 5 PM hours of operations. He came to know that one of his MOA employees has knowledge of Finance and Accounting. So, Mr. David approach to you and ask you if you can tell him if his business is profitable or unprofitable for the month of January 2020 based on the above information. He also told you that his business tax rate is 30% Please advise him. (10 marks) 

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Answer rating: 100% (QA)

To determine whether Mr Davids clinic is profitable or unprofitable for the month of January 2020 we need to calculate the total revenue and subtract the expenses including taxes to obtain the net inc... View the full answer