The Trotter And Balaban Firm

Fraser, L. M., & Ormiston, A. (201). Understanding financial statements (9th ed.). Upper Saddle River, NJ: Prentice Hall.

The net income was negative from 1989 to 1991. The net income is negative due to the depreciation costs. Operating

In 2007 the company was generating cash from everyday operations but the statement of cash flows shows that the company has had a negative profit from 2006 to 2007, but this is because More Vino has expenses that are higher than their sales

* On Income Statement for December 31, 2011, the number of Revenues, Cost of Goods Sold, Expenses and Net Income will go

To consider this I will be looking at the Income Statement. If the company’s revenue exceeds its expenses it will report net income or will report a net loss. This will report on the success or failure of the company’s operation by reporting its revenue and expenses.

There is an general increase of sales when the income statement is provided. “The income statement reports the revenues and expenses for a specific time period.” (Weygandt, J. Kieso, D. Kimmel, P. 2008) The format of an income statement is listed with revenues first then expenses. Net loss is when the expenses exceed the revenue and net income is

Reports revenues and expenses for a specific period of time. A firm's revenues, gains, expenses and losses are listed on the income statement. Revenue is money earned from a company’s

2 3 4 5 6a 6b 7 Net rental real estate income (loss) Other net rental income (loss) 16 Foreign transactions

The operating expenses include wage and benefits at $1,165,283, supplies at $397,113, services at $710,408, provider fee at $14,778, depreciation and amortization at $102,455, interest at $15,266, and loss impairment at $4,730 which totals $2,410,033 in operating expenses. Their non-operating gains (losses) include investment income at $190,727, unrealized loss on trading portfolio at ($51,301), contributions at $971, market adjustments on interest rate swaps at ($1,657), excess of revenues over expenses at $ 293,522, and less excess of revenues over expenses attributable to non-controlling interest at ($1,952) which totals $291,570 of the excess of revenues over expenses attributable to controlling

This income statement tells how much money a company has brought in (its revenues) how much it has spent (its expenses) and the difference between the two (its profit). The income statement show’s a company’s revenues and expenses over a specific time frame. This statement

The income statement represents the projected revenues, expenses and net profit for the first 18 months of business. La Bambinière estimates that 70% of the revenues will come from the Child Care Subsidy, 27% from parent fee and tuition and 3% from application and activity fees. The miscellaneous expenses represent compensation paid to helpers that La Bambinière will at times hire to give the owner who is the primary caregiver a break from time to time until employees are hired. These are part time workers who will come in for few hours every other day. La Bambinière is looking to make net a profit of $4,435 in the 18 months of business. Expenses such as rent, utility, telephone have not been factored in since they are part of the home expenses nevertheless a small percentage of those expenses will be applied to the business later on. (See appendix C for the Pro Forma Income Statement).

| Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account.)

1994 Summery of operations: Sales of products and services Materials, engineering, and production costs Selling, general & administrative expenses Operating costs Operating margin Other income Interest

net sales: $1,000,000 cost of goods sold: $700,000 rent: $20,000 wages: $100,000 other operating expenses: $50,000 net sales – all operating expenses = 530,000

Our choices led to a constant increase in net income over the three years. Short term debt increase by approximately 100% percent but steadily reduced over the next three years. We were happy with the positive growth of the company and the fact that we were able to pay off most of the initial short term funding required by the increase in working capital requirement. Overall the current situation of the company in 2018 is good, although the total value created is less than 20% of that created in phase 1. From this we learned that the value of the firm can be significantly increased more through a reduction in working capital requirement than through increasing the firm’s sales and net income.