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I need to know the value of less fixed expenses. I tried in parenthesis too but isnt work Check my work mode : This shows
I need to know the value of less fixed expenses. I tried in parenthesis too but isnt work
Check my work mode : This shows what is correct or incorrect for the work you have completed s [The following information applies to the questions displayed below.] A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) 4 of 4 Revenue Less: Variable expenses Contribution margin Less: Fixed expenses Net income $ s, 3, $ 2, 150, $ 50, EX 7-32 (Static) Continuation of Preceding Exercise (LO 7-4, 7-7) Prepare a new contribution income statement for the Nantucket Inn in each of the following independent situations. (Ignore income taxes.) Required: 1. Prepare a co'ntribution income statement if the hotel's volume of activity increases by 20 percent, and fixed expenses increase by 40 percent. 2. Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $25,000. @ Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution income statement if the ratio of variable expenses to revenue doubles. There is no change in the hotel's volume of activity. Fixed expenses decline by $25,000. NANTUCKET INN Contribution Income Statement Revenue Less: Variable expenses Contribution margin (loss) Less: Fixed expenses Graw 500,000 e 600,000 e (100,000) 100,000 @ (200,000) Next >
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