Title: Fun ??n?? Games Company
|Date:||September 11, 2014|
|Length:||3 / 758|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
The company sold its product for $22 each.
As of December 31, Rinehart had been producing ?°Puzzler?± for three months using rented facilities. The balance sheet on that date was as follows:
As of December 31
Cash $ 58,500
Accounts receivable 27,500
Common Stock $100,000
Retained earnings 0
Rinehart was very pleased to be operating at a profit in such a short time...
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December sales had been 750 units, up from 500 in November, enough to report a profit for the month and to eliminate the deficit accumulated in October and November. Sales were expected to be 1,000 units in January, and Rinehart??s projections showed sales increases of 500 units per month after that...
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