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The Blue Moon Inns's summary income statement is as follows: Rooms Food Total Revenues $1,500,000 $500,000 $2,000,000 Variable Costs 300,000 400,000 700,000 Contribution Margin 1,200,000
The Blue Moon Inns's summary income statement is as follows: Rooms Food Total Revenues $1,500,000 $500,000 $2,000,000 Variable Costs 300,000 400,000 700,000 Contribution Margin 1,200,000 100,000 1,300,000 Fixed Costs 1,000,000 Pretax Income 300,000 Income Taxes 75,000 Net Income 225,000 Fixed costs includes lease expense of $480,000
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Global Edition
1292437154, 978-1292437156
