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YEAR CAR SALES BOOSTED 50% GROWTH FEES (%) REVENUE EXPENSE S 5,00% $ 10.000 $ 1.200 $ 6,00% $ 24.000 $ 2.880 $ 6,00% $26.400 $ 3.168 $ 6,00% $29.040 $ 3.485 $ 6,00% $31.944 $ 3.833 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 1 $ 200.000 $ 2 $ 400.000 $ 3 $ 440.000 4 $484.000 $ 5 $532.400 6 $ 532.400 $ 7 $ 532.400 $ 798.600 8 $ 532.400 $ 9 $ 532.400 $ 798.600 798.600 798.600 10 $ 532.400 $ 798.600 esse $ 300.000 600.000 660.000 10,00% 10,00% 10,00% $ 726.000 798.600 BILLBOARD MAINTENANCE EXPENSES LOAN NET INCOME $15,000 line-of- credit at a 7.05% 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 7.800 20.120 22.232 24.555 27.111 31.796 31.796 31.796 31.796 31.796 NET INCOME AFTER LOAN PAYMENT $ 1.055 -$ $1.000 $ $942 $ $ 880 $ $ 814 $ $ 743 $ $ 666 $ $ 584 $ $ 496 $ $ 401 $ 859 880 1.226 1.605 2.019 2.729 2.806 2.888 2.976 3.071

YEAR CAR SALES BOOSTED 50% GROWTH FEES (%) REVENUE EXPENSE S 5,00% $ 10.000 $ 1.200 $ 6,00% $ 24.000 $ 2.880 $ 6,00% $26.400 $ 3.168 $ 6,00% $29.040 $ 3.485 $ 6,00% $31.944 $ 3.833 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 1 $ 200.000 $ 2 $ 400.000 $ 3 $ 440.000 4 $484.000 $ 5 $532.400 6 $ 532.400 $ 7 $ 532.400 $ 798.600 8 $ 532.400 $ 9 $ 532.400 $ 798.600 798.600 798.600 10 $ 532.400 $ 798.600 esse $ 300.000 600.000 660.000 10,00% 10,00% 10,00% $ 726.000 798.600 BILLBOARD MAINTENANCE EXPENSES LOAN NET INCOME $15,000 line-of- credit at a 7.05% 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 7.800 20.120 22.232 24.555 27.111 31.796 31.796 31.796 31.796 31.796 NET INCOME AFTER LOAN PAYMENT $ 1.055 -$ $1.000 $ $942 $ $ 880 $ $ 814 $ $ 743 $ $ 666 $ $ 584 $ $ 496 $ $ 401 $ 859 880 1.226 1.605 2.019 2.729 2.806 2.888 2.976 3.071

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Make T-Accounts table of the information on the table.  

YEAR CAR SALES BOOSTED 50% GROWTH FEES (%) REVENUE EXPENSE S 5,00% $ 10.000 $ 1.200 $ 6,00% $ 24.000 $ 2.880 $ 6,00% $26.400 $ 3.168 $ 6,00% $29.040 $ 3.485 $ 6,00% $31.944 $ 3.833 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 7,00% $ 37.268 $ $ 4.472 $ 1 $ 200.000 $ 300.000 2 $ 400.000 $ 600.000 3 $ 440.000 $ 660.000 4 $484.000 $ 5 $532.400 $ 6 $ 532.400 $ 7 $ 532.400 $ 8 $ 532.400 $ 9 $ 532.400 $ 10 $ 532.400 $ 726.000 798.600 798.600 798.600 798.600 798.600 798.600 10,00% 10,00% 10,00% BILLBOARD MAINTENANCE EXPENSES LOAN NET INCOME $15,000 line-of- credit at a 7.05% 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 7.800 20.120 22.232 24.555 27.111 31.796 31.796 31.796 31.796 31.796 NET INCOME AFTER LOAN PAYMENT $ 1.055-$ $ 1.000 $ $ 942 $ $ 880 $ $ 814 $ $ 743 $ $ 666 $ $ 584 $ $ 496 $ $ 401 $ 855 880 1.226 1.605 2.019 2.729 2.806 2.888 2.976 3.071
Transcribed Image Text:YEAR CAR SALES BOOSTED 50% GROWTH FEES (%) REVENUE EXPENSE S 5,00% $ 10.000 $ 1.200 $ 6,00% $ 24.000 $ 2.880 $ 6,00% $26.400 $ 3.168 $ 6,00% $29.040 $ 3.485 $ 6,00% $31.944 $ 3.833 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 $ 7,00% $ 37.268 $ 4.472 7,00% $ 37.268 $ $ 4.472 $ 1 $ 200.000 $ 300.000 2 $ 400.000 $ 600.000 3 $ 440.000 $ 660.000 4 $484.000 $ 5 $532.400 $ 6 $ 532.400 $ 7 $ 532.400 $ 8 $ 532.400 $ 9 $ 532.400 $ 10 $ 532.400 $ 726.000 798.600 798.600 798.600 798.600 798.600 798.600 10,00% 10,00% 10,00% BILLBOARD MAINTENANCE EXPENSES LOAN NET INCOME $15,000 line-of- credit at a 7.05% 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 7.800 20.120 22.232 24.555 27.111 31.796 31.796 31.796 31.796 31.796 NET INCOME AFTER LOAN PAYMENT $ 1.055-$ $ 1.000 $ $ 942 $ $ 880 $ $ 814 $ $ 743 $ $ 666 $ $ 584 $ $ 496 $ $ 401 $ 855 880 1.226 1.605 2.019 2.729 2.806 2.888 2.976 3.071
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