# Consider the data in the table below for the three independent health services organizations In...

## Question:

Consider the data in the table below for the three independent health services organizations: In thousands of $. Fill in the missing data where there are question marks. Sales Total Variable Costs Fixed Costs Total Costs Profit a.$5,500 $1,750 ?$3,250 ?
b. ? $2,500 ?$4,600 $2,500 c.$8,500 ? $2,250 ?$2,750

## Income Statement

An income statement (sometimes also called the Profit and Loss) of a company shows the sales, costs and profit of the company. The most basic formula for the income statement is:

{eq}Sales - Costs = Profit {/eq}

The costs can be broken down further to:

{eq}Total\ Variable\ Costs + Fixed\ Costs = Total\ Costs {/eq}

The income statement shows how profitable the company is within a certain range of time.

We will need to fill in the ? marks on the table below:

SalesTotal Variable CostsFixed CostsTotal CostsProfit
a.$5,500$1,750?$3,250? b.?$2,500?\$4...

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