Fill in the blanks with the correct value (do not use decimals).

Account

Value

Account

Value

Cash

$235,860

Accounts Payable

$486,231

Account Receivable

$567,347

Long-Term Debt

$2,760,000

Inventory

$1,365,147

Total Liabilities

$

Plant & Equipment

$5,800,000

Common Stock

$2,000,000

Less Depreciation

$

Retained Earnings

$1,574,116

Net Plant & Equipment

$4,500,000

Total Equity

$

Total Assets

$

Total Liability & Equity

$

4) A family has owned property with a small lake for many generations.

To earn added revenue the family has added three cabins dispersed around the lake to rent out.They have successfully been renting the cabins for one year.

Use the Break-Even Analysis Formulas to answer the following questions.

Break-Even Units =. Total Fixed Costs / (Unit Selling Price - Unit Variable Cost)

1. How many days must the family rent one cabin to break even if the fixed cost of one cabin is $10,000, a cabin costs $20 to maintain each time it is rented, and the cabin is rented for $80.

The family has hired you to improve their advertising campaign.Outline an advertising campaign for the family?

• Who is your target audience and how are you going to reach them?

As the family wants to enjoy their time at the lake, they are discussing hiring three employees for the summer.One to help with maintenance, one to great and help guests, and one to take care of the finances.What are some things that the family should consider when hiring and training these employees?

What are some safety concerns the family should consider for guests and employees?What are some the things that the family can do, or provide, to promote safety at the lake and in the cabins?