Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

FInd the ROE and ROI for the attached income statement. $ S/UNIT % REVENUES 29.500 25 100.00% TOTAL REVENUES 29,500 25 100.00% VARIABLE EXPENSES 3

FInd the ROE and ROI for the attached income statement.

image text in transcribed

$ S/UNIT % REVENUES 29.500 25 100.00% TOTAL REVENUES 29,500 25 100.00% VARIABLE EXPENSES 3 38.98% 5 Supplies Vehicles Utilities Wages Insurance 2000 5,000 1000 2500 1000 1 2 TOTAL VARIABLE EXPENSES 11.500 10 38.98% TOTAL CONTRIBUTION MARGIN 18,000 15 61.02% FIXED EXPENSES Rent Advertising 1000 300 TOTAL FIXED EXPENSES 1,300 16.700 NET INCOME BEFORE INCOME TAXES (Operating Income) INCOME TAXES EXPENSE 2,505 NET INCOME 14,195 $ S/UNIT % REVENUES 29.500 25 100.00% TOTAL REVENUES 29,500 25 100.00% VARIABLE EXPENSES 3 38.98% 5 Supplies Vehicles Utilities Wages Insurance 2000 5,000 1000 2500 1000 1 2 TOTAL VARIABLE EXPENSES 11.500 10 38.98% TOTAL CONTRIBUTION MARGIN 18,000 15 61.02% FIXED EXPENSES Rent Advertising 1000 300 TOTAL FIXED EXPENSES 1,300 16.700 NET INCOME BEFORE INCOME TAXES (Operating Income) INCOME TAXES EXPENSE 2,505 NET INCOME 14,195

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risk Management And Insurance

Authors: James TrieschmannSandra GustavsonSandra Gustavson, Robert HoytSandra Gustavson, Robert Hoyt, David Sommer

12th Edition

0324183208, 9780324183207

More Books

Students also viewed these Finance questions

Question

In what ways do personal and social media change how we think?

Answered: 1 week ago

Question

How do virtual communities diff er from physical communities?

Answered: 1 week ago