100% authentic writing

Follow us on:

chat off
Toll Free:
get your paper now
Get a free quote
Order your paper
Customer login
most popular order
with one order you receive 5 in 1
Buying an Essay
College Life
Custom Research Paper
Essays for Sale
Good Advice
Purchase Term Paper
Research Paper Ideas
Using Writing Service
Writing an Essay
Writing Papers Guide
Writing Research Paper
Writing Term Paper
Professional and Academic Writing
How to Train Writing and Reading Simultaneously?
The Rules of Proofreading of Students Essay
Getting Ready for the New Term
The Analysis of the Matrix Movie


← Tourism in Toronto Corporate Sustainability Development →
Live Chat

Custom Statement of Income essay paper sample

Buy custom Statement of Income essay paper cheap

My task was to answer the following questions:

1.Compute the monthly net income

2.Compute the owner's equity

3.Decide how much to offer for the business and give reasons.

To compute the monthly net income I had to create an income statement (for the buyer).

Income Statement

Service revenue                                            14300

Unreported revenue                                        2100


Order now

Total revenue                                            16400 $

New manager's monthly salary                          3000

Salary expenses                                              3400

Unreported expenses                                       2750

Utility expenses                                                 900


Total expense                                             10050 $


Get a Price Quote:

Type of assignment Title of your paper Pages Spacing
Writer level Timeframes Currency Total price
USD 12.99

* Final order price might be slightly different depending on the current exchange rate of chosen payment system.

live chat


Monthly net income (adjusted)                     6350 $

6350 x 20 = 127 000

The monthly net income is 6350$, this means I would pay 127 000 at most. It is important to note that I included the datas that were given in the text, too (unreported expenses, unreported revenues, the salary of the new manager).

To get to know how much O'Henry wants to get for the business, I performed the following calculation (as O'Henry did not need a manager, I did not include the manager's salary int he net income):

Ending capital                                               137400

Unadjusted net income (+)                              10000

Unreported expenses (-)                                   2750

Unreported income (+)                                      2100

Withdrawals (-)                                                 2000



It is easy to see that O'Henry wants to get 17750 $ more than I can afford, so we either negotiate or the deal does not go through.

First I would offer him144 750$ on the understanding that he will work for me for 6 months as a manager (naturally that certain 17750 $ would serve as his salary that I would pay in advance, with the purchase price). I think this solution would be beneficial both for me and O'Henry. Part of the estimated profit is due to his personal connections and competence, besides I would have to hire a manager for a monthly salary of 3000 (that adds up to 18 000$ in a 6 month period) anyway and even then the profit is likely to be less than estimated for the transition period. By having him as my manager for some time, he could teach me (or the next manager) the finesse of business and then we would not have to suffer from the transition. I think it is an acceptable condition for O'Henry, too because he wants to sell the business quickly and this way he would still get the amount of money he wanted. Otherwise it might take him long to find a buyer, and since the buyer would perform the same calculations as I did, he would want to pay less than 144 750, either.

My second offer would be 127 000$, but I certainly would not go above that.

Buy custom Statement of Income essay paper cheap

Order Now

Related essays

  1. Corporate Sustainability Development
  2. Interpreting Macroeconomic Conditions
  3. Tourism in Toronto
  4. Major Corporation: (Wal-Mart)
why we are
10+ years experience on
custom writing market
Satisfied returning customers
A wide range of services
3-hour delivery available
100% privacy guaranteed
Professional team of experienced paper writers
Only custom-written papers
Free revision within 2 days
Constant access to your paper writer
Free cover and reference page
essays stat
6 chat / phone operators online at the moment
954 writers active
18454 writers in the database
9 new writers passed exam this week
70 pages written
21886 words written
8.5 out of 10 current average quality score
Satisfied customers: 97%
discountscustomer support via live chat, email, phone
Type of assignment:
Writer level:
Cost per page: ...
Number of pages:
Total without discount: $12.99