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-   -   Determine Jan Nab's net income from Deer Park for 2010 (https://www.askmehelpdesk.com/showthread.php?t=602124)

  • Oct 8, 2011, 08:21 PM
    TDise
    Determine Jan Nab's net income from Deer Park for 2010
    Jan Nab is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Jan has compiled the following financial information as of December 31, 2010.

    Revenues during 2010?camping fees $140,000 Market value of equipment $140,000
    Revenues during 2010?general store 50,000 Notes payable 60,000
    Accounts payable 11,000 Expenses during 2010 150,000
    Cash on hand 23,000 Supplies on hand 2,500
    Original cost of equipment 105,500
  • Jul 3, 2013, 11:34 AM
    herlande1
    Jan Nab is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Jan has compiled the following financial information as of December 31, 2010.

    Revenues during 2010?camping fees $140,000 Market value of equipment $140,000
    Revenues during 2010?general store 50,000 Notes payable 60,000
    Accounts payable 11,000 Expenses during 2010 150,000
    Cash on hand 23,000 Supplies on hand 2,500
    Original cost of equipment 105,500
  • Jul 3, 2013, 12:19 PM
    pready
    Simply take your revenues for 2010 and subtract out your expenses for 2010 to get net income for 2010.

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