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    gmcneil66's Avatar
    gmcneil66 Posts: 2, Reputation: 1
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    #1

    Jan 23, 2010, 11:46 AM
    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.
    gmcneil66's Avatar
    gmcneil66 Posts: 2, Reputation: 1
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    #2

    Jan 23, 2010, 11:47 AM

    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.
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    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Jan 24, 2010, 01:23 AM

    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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