Kris formed a consulting business, KrisCo Management Consulting in September. Operations will begin October. The following events occurred during the month of September: 1. Kris invested $10,000 into the business.
2. She hired an assistant who will be paid $2,000 per month. The assistant begins work on Oct. 1.
3. Signed a lease agreement for office space at a cost of $1,000 per month. Paid the first three months in advance. The business will move in on October 1.
4. Borrowed $30,000 from the local bank. The loan bears interest.
5. Bought $6,000 in office equipment. The equipment will be used for 4 years

Required:
Prepare any necessary adjustments and financial statements.

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.