answer the commonly asked business questions, such as: What was the monthly profit or loss?...

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Accounting

answer the commonly asked business questions, such as:
What was the monthly profit or loss?
What percentage of the revenue remains as net profit? Does this seem reasonable?
Which expense account had the highest expense total? Why do you think that is?
How does the cash balance look?
What dollar amount does Island Video owe to its creditors at the end of the month?
How do the receivables compare to the payables?
Does this business provide a valuable service to the community that can be continued long-term?
What types of customers did the business have (remember the goal from Part II) and which area had the most dollars of revenue?

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