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  • Managerial Accounting

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    Mit Mecwan
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    The document discusses an income statement and balance sheet. For the income statement, net revenue increased by 10% and variable costs also increased by 10% of net revenue, while total expenses increased by 8%. The balance sheet is also mentioned but no details are provided.

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    The document discusses an income statement and balance sheet. For the income statement, net revenue increased by 10% and variable costs also increased by 10% of net revenue, while total expenses increased by 8%. The balance sheet is also mentioned but no details are provided.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    22 views1 page

    Managerial Accounting

    Uploaded by

    Mit Mecwan
    The document discusses an income statement and balance sheet. For the income statement, net revenue increased by 10% and variable costs also increased by 10% of net revenue, while total expenses increased by 8%. The balance sheet is also mentioned but no details are provided.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    closing statement

    Income statement

    revenue statement= Net revenue * 1.1 = 2007


    variable cost increase by 10% same like sales percent
    total expences = total expences* 1.08 (2007)

    Balance sheet

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