tice better manage its revenues and expenses. Using the table in Problem 14-3, create a flexible budget based on 2022 year-to-date actual expenses and visits, a 4% inflation factor for each line item, and 52,560 forecasted patient visits in 2023 . What are the total budget, projected net income, and profit margin? Did net income and profit margin increase from the incremental budget prepared in Problem 14-3? Notes 1. W. O. Cleverly, Essentials of Health Care Finance, 4th ed. (Gaithersburg, MD: Aspen Publishers, Inc., 1997). 2. Optum 360,2017 Almanac of Hospital Financial and Operating Indicators (Salt Lake City, UT: Author, 2016). 3. C. Horngren et al., Cost Accounting: A Managerial Emphasis, 9th ed. Description 4. One of the owners of the Fleming Medical Group recently attended a conference on medical practice management, learned of flexible budgeting, and believes it can help the prac- tice better manage its revenues and expenses. Using the table in Problem 14-3, create a flexible budget based on 2022 year-to-date actual expenses and visits, a 4% inflation factor for each line item, and 52,560 forecasted patient visits in 2023 . What are the total budget, projected net income, and profit margin? Did net income and profit margin increase from the incremental budget prepared in Problem 14-3? Notes 1. W. O. Cleverly, Essentials of Health Care Finance, 4th ed. (Gaithersburg, MD: Aspen Publishers, Inc., 1997). 2. Optum 360,2017 Almanac of Hospital Financial and Operating Indicators (Salt Lake City, UT: Author, 2016). 3. C. Horngren et al., Cost Accounting: A Managerial Emphasis, 9th ed. Description 4. One of the owners of the Fleming Medical Group recently attended a conference on medical practice management, learned of flexible budgeting, and believes it can help the prac