BizQuiz: Where does the money go? (Answer 4a)
Taking the BizQuiz? This is the answer to question 4 from "Where does the money go?"
4) A–Incorrect.
After subtracting out wages ($450,000), the cost of drugs and supplies ($180,000), and a fair return to the owner ($100,000), the practice is left with $270,000 to pay the clinic's overhead expenses. This equals $900 per day in overhead expenses. In other words, every day that the practice opens its doors, it starts out $900 in the hole.
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