Eliza has just opened a new business near campus that is a combination of a laundromat, a nail salon, and a tanning studio. there is an accounting firm located just down the street and eliza is paying them to do all of her accounting. at the end of the first quarter (three months of business), eliza has several questions about how things are going. if she wants to understand how much debt the business has right now, then she should look at the that her accountant has prepared.
a. the income statement
b. the statement of owner’s equity
c. the balance sheet

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.