{"id":199092,"date":"2018-09-13T21:49:43","date_gmt":"2018-09-13T21:49:43","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/13\/ab-209-unit-10-assignment-profit-and-loss\/"},"modified":"2018-10-24T08:52:51","modified_gmt":"2018-10-24T08:52:51","slug":"ab-209-unit-10-assignment-profit-and-loss","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/ab-209-unit-10-assignment-profit-and-loss\/","title":{"rendered":"AB 209 Unit 10 Assignment Profit and Loss"},"content":{"rendered":"<p>Assume monthly sales are $280,000 October, $290,000 November, and $345,000 \tDecember\tAssume Inventory purchases are $60,000 Oct, $60,000 Nov, and $70,000 \tDec\tAssume the owner gets a cash disbursement in Oct of 45,000, Nov of 51,000, and \tDec of 52,000\tAssume wages and salaries are 48% of gross monthly sales\tAssume rent is $9500 a month\tAssume utilities are 5% of gross monthly\tAssume a tax prepayment of $16,000 in \tOctober\tAssume bank interest on the note is $15000\/month\tAssume a depreciation expense of $15,000 in \tDecember\u00a0\tAnswer the questions: Does the firm need to borrow money at the end of the year to meet expenses?\tWhy or why not?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assume monthly sales are $280,000 October, $290,000 November, and $345,000 December Assume Inventory purchases are $60,000 Oct, $60,000 Nov, and $70,000 Dec Assume the owner gets a cash disbursement in Oct of 45,000, Nov of 51,000, and Dec of 52,000 <a href=\"https:\/\/www.benedictsol.com\/blogs\/ab-209-unit-10-assignment-profit-and-loss\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-199092","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=199092"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199092\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=199092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=199092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=199092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}