Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago.

Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows:
O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX
Cash……………………………… $9,700
Accounts receivable……………………… 7,900
Prepaid expenses………… 2,600
Furniture, fixtures, & equipment 151,300
Accumulated depreciation $15,600
Accounts payable………… 3,800
Salary payable………………
Unearned service revenue 6,700
Benjamin O'Henry, capital 137,400
Benjamin O'Henry, withdrawals 2,000
Service revenue………… 14,300
Rent expense……………
Salary expense………… 3,400
Utilities expense……… 900
Depreciation expense
Supplies expense……
Total…………………………………………. $177,800 $177,800
Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000.
The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason.


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ACG230-1001B-21 Introduction to Accounting he proprietors of two businesses, L.L. Sams Company and Melinda Garcia Career

The proprietors of two businesses, L.L. Sams Company and Melinda Garcia Career Services, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheets.

Solely on the basis of these balance sheets, to which entity would you be more comfortable lending money? Explain fully, citing specific items such as the accounting equation and amounts from the balance sheets. In addition to balance sheet data, what other information would you require? Be specific.

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Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2

Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")

Purchases………………...
E250,000 Freight In……………… E8,000
Sales discounts…………. 4,000 Purchase returns…….. 7,000
Inventory Sales…………………. 400,000
December 31, 20X1….. 20,000 Purchase discounts…. 3,000
December 31, 20X2….. 30,000 Sales returns…………. 8,000

Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)

1. Net sales revenue
2. Cost of goods sold
3. Gross profit

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Smyle4you kit review

Smyle4you is one of the best whitening kit I have known since long time. My sister loves it and it looks like one of the best product out there.

The chemical content of smyle4you kit is equivalent to that used by surgeon during teeth whitening surgery. This product could be stored up to two years and so you can use it for a pretty long time and get a teeth whitening solution all at the comfort of your home.

The best part is, you try to drink tea/coffee and smoking lesser just because your teeth looks so white that you would be hesitant to get it yellowish again, lol

I would recommend you to try it yourself : Click here

Smile 4 You kit review

People have been suffering from yellow teeth for a long time. Reason for yellow teeth could range from drinking tea and/or coffee to smoking. In many civilization like that of Indian and some African tribes, they had a tradition of coloring their teeth, so surely they wont have any need to whiten their teeth,lol. But then in this modern age, we just sometimes need an extra shine whenever we smile to those special ones.

Recently I came across Smile 4 You kit online, which I ordered for my sister who has been drinking a lot of tea and thus had yellowish teeth. The Smile 4 You kit actually reached my door faster than I would have expected which I gifted to my sister. I just forgot about it (although my initial intentions were to write a review,lolz) and yesterday I just noticed some difference when she smiled. It struck me about Smile 4 you kit. She was smiling more frequent than usual, so I asked him what was up. And she thanked me, and so we talked about how the experience has been with smile 4 you. She feel pretty much confident when she goes out and socialize with people because now she knows that it look way better than before when she smiles.

I am just glad that I got a thought that day to order this kit. Its one of the best investments I have made in quite some time. Oh, and I just smiled..or was it a chuckle? lol

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