Refer to this income statement to answer the question below. Forks Gym
Income Statement
From the Month Ended January 31,

Revenue:
Membership Fees Revenue, 15,000.00
Rental Revenue, 8,000.00
Instruction Revenue, 5,000.00
Total Revenue = 28,000.00

Expenses:
Advertising Expense, 2,000.00
Rent Expense, 1,000.00
Salaries Expense, 3,000.00
Utilities Expense, 1,000.00
Total Expenses = 7,000.00

Net Income - 21,000.00

Forks Gym has a net loss.

- True
- False

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Why do police officers get paid less than professional baseball players?

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.