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  • Jan 23, 2010, 11:46 AM
    gmcneil66
    What is the formula total expense
    Company ZZZ reports net income for 2007 of $2.4 million on total revenue of $30 million. Deprecton expense totaled $1 million. What were total expense for 2007.
  • Jan 23, 2010, 11:47 AM
    gmcneil66

    Company ZZZ reports net income for 2007 of $2.4 million on total revenue of $30 million. Deprecton expense totaled $1 million. What were total expense for 2007.
  • Jan 24, 2010, 01:23 AM
    morgaine300

    Think about it. If revenues were 30 and net income is 2.4, what would expenses HAVE to be? The depreciation is a red herring.

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