Unit 1 Chapter 1 Homework Assignm.. Help Save&Exit Sube Check my work Cinemark H
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Question
Unit 1 Chapter 1 Homework Assignm.. Help Save&Exit Sube Check my work Cinemark Holdings, Inc, operates movies and food concession counters throughout the United States. its income statement for the quarter ended September 30, 2016, reported the following (eccounts are listed alphabetically in thousands) Admissions Revenue $481,180 points Concessions Expenses 39,1e Concessions Revenue Film Rental Expenses Income Tax Expense Office Expenses Rent Expense Salaries and Wages Expense Net income 308,588 254,958 41,800 254,880 85,280 73,480 K Prev 5 of Noxt fype here to search USE YOUR SMARExplanation / Answer
Total Revenue = Admission Revenue + Concessions Revenue
Total Revenue = $481,100 + $308,500
Total Revenue = $789,600
Total Expenses = Concessions Expenses + Film Rental Expenses + Income Tax Expense + Office Expense + Rent Expense + Salaries and Wages Expense
Total Expenses = $39,100 + $254,950 + $41,000 + $254,800 + $85,200 + $73,400
Total Expenses = $748,450
Net Income = Total Revenue - Total Expenses
Net Income = $789,600 - $748,450
Net Income = $41,150
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