Assuming that "Cost of Revenue" is the only variable cost, Net income is $18,485, and using the formula Revenue- Cost of Revenue – Fixed Costs = Net Income, what is Facebook's total fixed costs in 2019? RevenueCosts and expenses:Cost of revenueResearch and developmentMarketing and salesGeneral and administrativeTotal costs and expensesIncome from operations$201970,69712,77013,6009,87610,46546,71123,986

Income Statement: The income statement shows the company's revenues and expenses earned during the…

Revenue Costs and expenses: Cost of revenue Research and development Marketing and sales General and administrative Total costs and expenses Income from operations $ 2019 70,697 12,770 13,600 9,876 10,465 46,711 23,986

Revenue Costs and expenses: Cost of revenue Research and development Marketing and sales General and administrative Total costs and expenses Income from operations $ 2019 70,697 12,770 13,600 9,876 10,465 46,711 23,986

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Assuming that "Cost of Revenue" is the only variable cost, Net income is $18,485, and using the formula Revenue- Cost of Revenue – Fixed Costs = Net Income, what is Facebook's total fixed costs in 2019?

Revenue
Costs and expenses:
Cost of revenue
Research and development
Marketing and sales
General and administrative
Total costs and expenses
Income from operations
$
2019
70,697
12,770
13,600
9,876
10,465
46,711
23,986

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