Jim Paxton was very pleased with the financial results for the first year of operations of his Hightower Deli. “It has been a very successful start. We had sales of $489,000 and paid out $268,000 in materials and $120,000 in rent and utilities.” His sister Jean, (a CPA) took a look at the same figures and concluded that her brother had lost more than $120,000. Why the difference in analysis?

USA Ussays > Uncategorized > Jim Paxton was very pleased with the financial results for the first year of operations of his Hightower Deli. “It has been a very successful start. We had sales of $489,000 and paid out $268,000 in materials and $120,000 in rent and utilities.” His sister Jean, (a CPA) took a look at the same figures and concluded that her brother had lost more than $120,000. Why the difference in analysis?

Jim Paxton was very pleased with the financial results for the first year of operations of his Hightower Deli. “It has been a very successful start. We had sales of $489,000 and paid out $268,000 in materials and $120,000 in rent and utilities.” His sister Jean, (a CPA) took a look at the same figures and concluded that her brother had lost more than $120,000. Why the difference in analysis?

Jim Paxton was very pleased with the financial results for the first year of operations of his Hightower Deli. “It has been a very successful start. We had sales of $489,000 and paid out $268,000 in materials and $120,000 in rent and utilities.” His sister Jean, (a CPA) took a look at the same figures and concluded that her brother had lost more than $120,000. Why the difference in analysis?