Reference no: EM132924131
Question - Risk Insurance Consultants cater to the short-term insurance market. They sell policies for medical, motor and household insurance. They have an office in a city-centre office block.
Risk Insurance Consultants
Statement of Income and Expenditure
For the period 1 March 2002 to 28 February 2003
R Commission Received 350,000
Less: Expenditure Accounting Fees 1, 500
Computer Expenses 20,000
Depreciation 3,000
Motor & Travel 24,000
Rental of Retail Premises 50,000
Salaries 200,000
Telephone & Internet 40,000
UIF 3,500
Workman's Compensation 3,500
Net Loss (6, 500)
Identify the sources of income and expenditures for Risk Insurance Consultants. Is the company viable?
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