Posted: May 24th, 2022

‘I just don’t understand it!’ Barry had received his accountant’s calculation of his business profit

‘I just don’t understand it!’ Barry had received his accountant’s calculation of his business profit, showing an accrual profit for his first year in business of $45 290.
‘I just don’t understand it!’ Barry had received his accountant’s calculation of his business profit, showing an accrual profit for his first year in business of $45 290.
‘I just don’t understand it!’ Barry had received his accountant’s calculation of his business profit, showing an accrual profit for his first year in business of $45 290. ‘If I made so much money, why don’t I have it in the bank? My bank account shows only $15 040 on hand!’

Barry operates Barry Supply, which provides stationery and office supplies to business customers. He has no store, just a small rented warehouse, and only one employee. Here are the data that Barry and his accountant used. Explain clearly to Barry:

1 How the accountant calculated the $45 290 profit.

2 Why there is only $15 040 cash on hand.

Order | Check Discount

Tags: 150-200 words discussion with a scholarly reference, 200-300 words response to classmate discussion question, 250 word analysis essay, bachelor of nursing assignments, case study