Question: Find the errors within the following document: Suite 1 0 0 - 1 4 1 5 th Ave., New York, NY . 1 0 0

Find the errors within the following document: Suite 100-1415th Ave., New York, NY.10010 CORPORATE HOUSE Purchase Point Media Corp., 1415thAve., Suite 1100, New York, NY 10010 Attention:Albert Folsom Dear Sirs: We have prepared the attachedProjected Statementof Net Income for a twelve Month period for Purchase Point Media Corp., (The Company") from information supplied to us by management and from various other periodicals and reports. These figures do not include start-up and development costs. We have made basic assumptions in compiling the information given to us in that revenue will commence to be generated once the Company's patented display panels have been installed in 1,200 stores, and a total of 1,200 stores subsequent to the first month will be added to the Company's list of clients each month thereafter for a total of 14,400 stores in year one. TheProjected Statementof Net Income has been prepared in accordance with generally accepted accounting principles except that no consideration has been given for Federal and State taxes which, had the taxes been calculated at the statutory rates in effect, would have had an impact on net income. If the Company decides to remain with only 14,400 stores during its second year of operations and does not expand at all, projected gross revenue will increase to approximately $150,000,000. If you have any questions regarding the above please feel free to contact us at any time. Yours very truly; Corporate House Per: /S/_________________ Richard T. Hethey, Director, Attachment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!