HOW DO YOU FIND THE 7MONTHS PROFIT FROM CHAPTER 7, EXAMPLE 10

This topic has 2 replies, 2 voices, and was last updated 11 years ago by MikeLittle.

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November 6, 2014 at 9:24 pm #208155
Palesa
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GOOD DAY MIKE
I need to to know how to get the ‘7 month ‘ value from the above example. tried playing around with digits but couldnt find the $3 500 on the solution. i thought it could be the liability of Ingrida, am i correct?
November 7, 2014 at 7:00 am #208180
MikeLittle
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Have you used your fingers for both the pre and the post acquisition periods?
Please try again and let me know how you got on
November 7, 2014 at 7:02 am #208181
MikeLittle
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Sorry, just retread you question. Assuming that you are happy with the 7 month / 5 month split, the profit for the year is $6,000, agreed(?), so 7 months’ worth is $3,500
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