Calculating income and cost per service for a service company
Buddy Grooming provides grooming services for pets. In April, the company earned $16,300 in revenues and incurred the following operating costs to groom 660 dogs:
Wages Expense $ 4,061
Grooming Supplies Expense 1,675
Building Rent Expense 900
Utilities Expense 305
Depreciation Expense—Equipment 55
Requirements 1. What is Buddy’s operating income for April?
The net operating income for the month of April is $9,304.
The income statement is defined as the financial statement which shows the revenues and expenses of a business incurred during the year.
Building Rent Expense
Depreciation Expense - Equipment
Grooming Supplies Expense
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