Analyzing an accountant system
...accountant system of the Number Number Seminar Day and Time Answer As is evident from the income ment, it can be seen that MTS’s revenue has increased to a certain extent from $260,034 in 2011 to $360,547 in 2012. However, considering the proportions at which the expenses increased from 2011 to 2012, the revenue stream is not enough to cover up for the expenses. This is evident from the net loss generated by the company in both the financial year. For a startup business like, Masquerade Theatre Supplies (MTS), it is excessively leveraged where part of its operations are being financed from a loan obtained on behalf of a mortgage and other part is being financed from a personal... that the...