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I have the same question for an assignment, and I tried understanding the approach you took, but I guess I am lost at one part. If the sales in the Sales Mgr's plan goes up by 600,000 and the costs...

What is the basic C-V-P equation? What is a more detailed version of the equation?

What I believe it to be is...
Basic: Sales revenue - variable costs - fixed costs = profit
whereas the more...

Here is the assignment I have as well as what I came up with. Please let me know if there is anything incorrect! Thanks!

Compute the following:
1. Net cash flow provided (used) by operating...

You must be a UOP student, as I have both the same problems you have posted as an assignment.
I noticed two things that should be changed:
Number 9 you say . Cash payments for taxes is a financing...

I have this exact same problem for Univ of Phoenix.. Is that where you attend? I too am having a hard time with it, as I do not know what dividends and repayment of a loan would be under... I am...

Thank you sooo much! This helps a LOT. Sorry I misunderstood the first post. Hopefully I will catch on as the class moves forward. You are a great help, thanks!!

Thank you.

In order to get the revenue, I took:
Revenue = Accounts Receivable + Cash + Owner's Equity + Fees (Revenues) - Accounts Payable to get 573,500
Then I listed the expenses, except not...

I am having a very hard time understanding how to prepare an income statement. Here is the information I have...
*Prepare an income statement for the year ended December 31, 2006. (Assume that...