IMPORTANT: PLEASE SHOW STEP BY STEP SO THAT I CAN UNDERSTAND ALONG WITH EVERY FORMULA USED

St Barnabas Hospital is opening a satellite office. Your financial projections for the first year of operations are as follows:

Revenues (10,000) $500,000

Wages and Benefits $350,000

Rent 8,000

Depreciation 50,000

Utilities 4,500

Medical Supplies 70,000

Administrative Supplies 20,000

Assume that all cost is fixed except supply costs, which are variable. Furthermore, assume that the clinic must pay taxes at a 30 percent rate.

1. Construct the clinics projected P & L statement.

Insert your response here:

2. What number of visit is required to break-even?

Insert your response here.

3. What number of visits is required to provide you with an after-tax profit of $100,000?

Insert your response here.