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TABLE 4-9 Income Statement for Mosbacher Insurance Agency Mosbacher Insurance Agency Abbreviated Average Income Statement January 1 to December 31 Amount Category Revenue $650,000 Operating Expenses SalaryiCommission Phone, Computer, Utilities Postage Marketing, printing & Advertising Insurance Rent 150,000 10,000 10,000 25,000 20,000 15,000 20,000 Misc $250,000 Total Operating Expenses Operating Income Taxes Net Income After Taxes $400,000 $ 75,000 $325,000

TABLE 4-9 Income Statement for Mosbacher Insurance Agency Mosbacher Insurance Agency Abbreviated Average Income Statement January 1 to December 31 Amount Category Revenue $650,000 Operating Expenses SalaryiCommission Phone, Computer, Utilities Postage Marketing, printing & Advertising Insurance Rent 150,000 10,000 10,000 25,000 20,000 15,000 20,000 Misc $250,000 Total Operating Expenses Operating Income Taxes Net Income After Taxes $400,000 $ 75,000 $325,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Using Table 4-9, perform a vertical analysis of the Mosbacher Insurance
Agency.

TABLE 4-9 Income Statement for Mosbacher Insurance Agency Mosbacher Insurance Agency Abbreviated Average Income Statement January 1 to December 31 Amount Category Revenue $650,000 Operating Expenses SalaryiCommission Phone, Computer, Utilities Postage Marketing, printing & Advertising Insurance Rent 150,000 10,000 10,000 25,000 20,000 15,000 20,000 Misc $250,000 Total Operating Expenses Operating Income Taxes Net Income After Taxes $400,000 $ 75,000 $325,000
Transcribed Image Text:TABLE 4-9 Income Statement for Mosbacher Insurance Agency Mosbacher Insurance Agency Abbreviated Average Income Statement January 1 to December 31 Amount Category Revenue $650,000 Operating Expenses SalaryiCommission Phone, Computer, Utilities Postage Marketing, printing & Advertising Insurance Rent 150,000 10,000 10,000 25,000 20,000 15,000 20,000 Misc $250,000 Total Operating Expenses Operating Income Taxes Net Income After Taxes $400,000 $ 75,000 $325,000
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