Sunday, July 1, 2012

Small Business Owners Facing Tough Decisions In Wake Of Health ...




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Watch the health care stories: OFA.BO Share this: OFA.BO Tweet this: OFA.BO I know there will be a lot of discussion today about the politics of ...

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Small Business Owners Facing Tough Decisions In Wake Of Health ...



Like many small business owners, Rose Corona heard the news that the U.S. Supreme Court upheld most of the provisions of the Affordable Care Act on Thursday morning, then had to go open her shop, Big Horse Feed and ...







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Open Question: Help in making balance sheet?



I have the following 1st year net income statement but i am unable to make balance sheet:

NET INCOME:
Units Sold 11,601
Cost Price Per Unit 5,502.583333
Sale Price Per Unit 120,000
Sales 1,392,080,034
Direct Cost of Sales63,833,637
Other Production Expenses0
Total Cost of Sales63,833,637
Gross Margin 1,328,246,397
Gross Margin %95.41%
Expenses
Payroll 36,000,000
Sales and Marketing and Other Expenses360,000,000
Depreciation Expense2,333,333
Leased Equipment0
Utilities 37,140,000
Health Insurance 24,000,000
Office Rent 132,000,000
Payroll Taxes0
Other Production Expenses0
Total Operating Expenses591,473,333
Profit Before Interest and Taxes736,773,064
EBITDA
Interest Expense0
Taxes incurred12,000,000
Net Profit 724,773,064
Net Profit/Sales52.06%



The business was started off with 75,000,000 of which 35,000,000 were self funded and 40,000,000 are accounts payable in 1 year.

12000 Goods were purchased at a price of 5502.583333 of which 11601 were sold

Equipment purchased amounted to 7,000,000 with a straight line depreciation for 3 years.

Sales are estimated to increase by 12 percent yearly







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What's Next in Health Care? Implementation of Law Goes Ahead - ABC News



The states that balked at creating health care exchanges from which their residents can compare and buy health insurance must create them — or wait for the federal government to do it for them. Because many of the law's provision kick in during 2013 and ...






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