A small printing firm CreateUrCards is currently keeping its accounting records in paper journals and ledgers....

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A small printing firm CreateUrCards is currently keeping its accounting records in paper journals and ledgers. It is a very tedious way to maintain records and a new staff member (Jesse) at CreateUrCards has suggested that at a bare minimum, they should consider using an integrated accounting system to minimise errors. Jesse has created a basic excel spreadsheet that allows the owners to immediately see the impact of changing sales volumes on both profit and all other financial statement items. Jesse has provided you with the Income Statement and Balance Sheet for CreateUrCards. The Integrated financial statements trial spreadsheet is available on the LMS. You will need it to answer the following questions. 12(a). If sales were increased to $150,000, what would be the Net Profit? 12(b). If sales slowed to only $90,000, what would be the amount in the firm's Bank account? A small printing firm CreateUrCards is currently keeping its accounting records in paper journals and ledgers. It is a very tedious way to maintain records and a new staff member (Jesse) at CreateUrCards has suggested that at a bare minimum, they should consider using an integrated accounting system to minimise errors. Jesse has created a basic excel spreadsheet that allows the owners to immediately see the impact of changing sales volumes on both profit and all other financial statement items. Jesse has provided you with the Income Statement and Balance Sheet for CreateUrCards. The Integrated financial statements trial spreadsheet is available on the LMS. You will need it to answer the following questions. 12(a). If sales were increased to $150,000, what would be the Net Profit? 12(b). If sales slowed to only $90,000, what would be the amount in the firm's Bank account?

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