Question

Cineplex Entertainment operates movie theatres and food concession counters throughout Canada. Assum the quarter ended September 30, 2017, reported the following listed alphabetically, amounts in thousands 10 points Skipped Admissions Revenues Concessions Expenses Concessions Revenues Film Rental Expenses Selling and Administrative Expenses Net Income Other Expenses Other Revenues Rent Expense Total Expenses $476,200 28,600 208, 9ee 263,000 73,200 ? 245,800 38,800 92,800 ? eBook Print References Required: 1. Solve for the missing amounts and prepare an income statement for the quarter ended September 30, 2017 thousands.) CINEPLEX ENTERTAINMENT Income Statement For the Quarter Ended September 30, 2017 (in thousands) Revenues

Answer 1

CINEPLEX ENTERTAINMENT Income Statement For the quarter Ended September 30,2017 (in thousands) Revenues Admissions Revenues $ 476,200 Concessions Revenues $ 208,900 Other Revenues $ 38,800 Total Revenue $723,900 less : Expenses Concessions expenses $ 28,600 Film rental expenses $ 263,000 Selling and administrative expenses $ 73,200 Other expenses $ 245,800 Rent expenses $ 92,800 Total Expenses S703,400 Net Income S 20,500 2-a) Admissions revenues is the Cineplex main source of revenue 2-b) Film rental expenses is the Cineplex biggest expenses