Submitted by: Submitted by forget876
Views: 155
Words: 453
Pages: 2
Category: Business and Industry
Date Submitted: 11/28/2012 08:25 AM
Problem 14
The KDJ Inn's summary income statement is as follows:
| | | |Rooms | |Total |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | |rood | |
| | |Revenues |$1,500,000 |$500,000 |$2,000,000 |
| | | | | | |
| | | | | | |
| | |Variable Costs |300,000 |400,000 |700,000 |
| | | | | | |
| | |Contribution |$1,200,000 |$100,000 |1,300,000 |
| | |Margin | | | |
| | | | | | |
| | |Fixed Costs | | |1,000,000* |
| | |Pretax Income | | |300,000 |
| | |Income Taxes |...