Analyzing financial statements | Business & Finance homework help
Revenue:
• Service fees $200,000
• Product sales $50,000
• Service fees $200,000
• Product sales $50,000
Expenses:
• Wages and salaries $90,000
• Rent and utilities $20,000
• Advertising and marketing $10,000
• Supplies and materials $5,000
• Miscellaneous expenses (insurance) $7,500
Total Revenue = 250,000
Total Expenses = 132.500
Net Income = 117.500
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