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Title: Fun ??n?? Games Company

Essay Details

Subject: Business
Author: Patricia M
Date: September 11, 2014
Level: University
Grade: A
Length: 3 / 758
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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: Balance Sheet As of December 31 Assets Cash $ 58,500 Accounts receivable 27,500 Inventory 14,000 $100,000 Equities Common Stock $100,000 Retained earnings 0 $100,000 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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