{"id":44,"date":"2023-11-30T04:01:05","date_gmt":"2023-11-30T04:01:05","guid":{"rendered":"http:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/?page_id=44"},"modified":"2023-12-03T02:58:48","modified_gmt":"2023-12-03T02:58:48","slug":"income-statement","status":"publish","type":"page","link":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/income-statement\/","title":{"rendered":"Income Statement"},"content":{"rendered":"\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Income Statement for Dance Studio<\/strong><\/th><th><strong>2018<\/strong><\/th><th><strong>2019<\/strong><\/th><th><strong>2020<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Revenue<\/strong><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td>Dance Class Fees<\/td><td>$120,000<\/td><td>$150,000<\/td><td>$180,000<\/td><\/tr><tr><td>Event Tickets<\/td><td>$10,000<\/td><td>$12,000<\/td><td>$15,000<\/td><\/tr><tr><td>Other Income<\/td><td>$5,000<\/td><td>$6,000<\/td><td>$7,000<\/td><\/tr><tr><td><strong>Total Revenue<\/strong><\/td><td>$135,000<\/td><td>$168,000<\/td><td>$202,000<\/td><\/tr><tr><td><strong>Expenses<\/strong><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td>Rent<\/td><td>$36,000<\/td><td>$38,000<\/td><td>$40,000<\/td><\/tr><tr><td>Utilities<\/td><td>$12,000<\/td><td>$13,000<\/td><td>$14,000<\/td><\/tr><tr><td>Salaries and Wages<\/td><td>$60,000<\/td><td>$65,000<\/td><td>$70,000<\/td><\/tr><tr><td>Advertising<\/td><td>$5,000<\/td><td>$6,000<\/td><td>$7,000<\/td><\/tr><tr><td>Supplies<\/td><td>$3,000<\/td><td>$4,000<\/td><td>$5,000<\/td><\/tr><tr><td>Depreciation<\/td><td>$2,000<\/td><td>$2,000<\/td><td>$2,000<\/td><\/tr><tr><td>Other Expenses<\/td><td>$1,000<\/td><td>$1,000<\/td><td>$1,000<\/td><\/tr><tr><td><strong>Total Expenses<\/strong><\/td><td>$119,000<\/td><td>$129,000<\/td><td>$139,000<\/td><\/tr><tr><td><strong>Net Income<\/strong><\/td><td>$16,000<\/td><td>$39,000<\/td><td>$63,000<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">The table shows that the dance studio has increased its revenue and gross profit every year, while keeping its cost of goods sold and operating expenses relatively stable. This indicates that the dance studio is improving its efficiency and profitability. The table also shows that the dance studio has increased its interest expense every year, which suggests that it has borrowed more money to finance its growth. The dance studio has also paid more taxes every year, which reflects its higher income.<br><br><br><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"482\" height=\"290\" src=\"http:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-content\/uploads\/2023\/12\/image.png\" alt=\"\" class=\"wp-image-147\" srcset=\"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-content\/uploads\/2023\/12\/image.png 482w, https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-content\/uploads\/2023\/12\/image-300x180.png 300w\" sizes=\"auto, (max-width: 482px) 100vw, 482px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Income Statement for Dance Studio 2018 2019 2020 Revenue Dance Class Fees $120,000 $150,000 $180,000 Event Tickets $10,000 $12,000 $15,000 Other Income $5,000 $6,000 $7,000 Total Revenue $135,000 $168,000 $202,000 Expenses Rent $36,000 $38,000 $40,000 Utilities $12,000 $13,000 $14,000 Salaries and Wages $60,000 $65,000 $70,000 Advertising $5,000 $6,000 $7,000 Supplies $3,000 $4,000 $5,000 Depreciation $2,000 &#8230; <a title=\"Income Statement\" class=\"read-more\" href=\"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/income-statement\/\">Read more<span class=\"screen-reader-text\">Income Statement<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-44","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/44","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":4,"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/44\/revisions"}],"predecessor-version":[{"id":148,"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/44\/revisions\/148"}],"wp:attachment":[{"href":"https:\/\/atomicballroom.anneliesesilvestre.lmu.build\/blog\/wp-json\/wp\/v2\/media?parent=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}