Simplex Healthcare Had Net Income of $5,411,623 After Paying Taxes

question 5

Multiple Choice

Simplex Healthcare had net income of $5,411,623 after paying taxes at 34 percent. The firm had revenues of $20,433,770.Its interest expense for the year was $1,122,376, while depreciation expense was $2,079,112. What was the firm's operating expenses excluding depreciation? Round your intermediate calculations and final answer to the nearest dollar.

• A) $8,199,429
• B) $9,032,853
• C) $9,321,805
• D) None of the above

Comprehend the significance of abstracts or executive summaries and their correct sequence in the report writing process.

Recognize the importance of discussing limitations in research and identifying where they are appropriately reported.

Appreciate the importance of simplicity and readability in poster presentations.

Identify the appropriate font size and presentation techniques for poster visibility and effectiveness.

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Definitions:

Absorption Costing

A method of inventory costing in which all costs of production (both fixed and variable) are treated as product costs.

Gross Margin

Gross margin is the difference between revenue and the cost of goods sold, divided by revenue, expressed as a percentage. It measures how much a company earns taking into consideration the costs that it incurs for producing its products or services.

Variable Costing

An accounting method that includes only variable costs—costs that change with production levels—in the calculation of cost of goods sold and excludes fixed costs.

Net Operating Income

The total earnings from a company's operations after deducting operating expenses but before interest and taxes.