Al Nada Company provides insurance for vehicles. In December, the company earned

$30,000 in revenues and incurred the following operating costs to insure 100 vehicles:

Requirements 1. What is Al Nada’s net income for December?
2. What is the cost of service to insure one car?

Transcribed Image Text:

Salaries Office supplies expense Office rent expense Utilities expense Depreciation Expense Equipment Depreciation Expense Furniture $9,000 2,500 5,000 3,500 1,000 500