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    SmartVideo Company's income statement for 2014 shows total revenues of $10.9 million from equipment sales of $9.5 million and maintenance contracts of $1.4 million. After costs of goods sold of $4.4 million and total operating costs of $2.92 million, SmartVideo reported operating income of $3.58 million.

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    SmartVideo Company's income statement for 2014 shows total revenues of $10.9 million from equipment sales of $9.5 million and maintenance contracts of $1.4 million. After costs of goods sold of $4.4 million and total operating costs of $2.92 million, SmartVideo reported operating income of $3.58 million.

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    2 views1 page

    Do Homework - GUIA 2 2

    Uploaded by

    dianam_gc
    SmartVideo Company's income statement for 2014 shows total revenues of $10.9 million from equipment sales of $9.5 million and maintenance contracts of $1.4 million. After costs of goods sold of $4.4 million and total operating costs of $2.92 million, SmartVideo reported operating income of $3.58 million.

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    © All Rights Reserved
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    SmartVideo Company Income Statement for the Year Ended December​31, 2014 ​(in thousands)

    Revenues:
    Equipment $ 9,500

    Maintenance contracts 1,400

    Total revenues $ 10,900

    Cost of goods sold 4,400

    Gross margin 6,500


    Operating costs
    Marketing 640
    Distribution 180
    Customer maintenance 1,200

    Administration 900

    Total operating costs 2,920

    $ 3,580
    Operating income

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