Wintz Lawn Service, Inc Term Paper Example | Topics and Well Written Essays - 250 words

Wintz Lawn Service, Inc - Term Paper Exampledepr. (100) Retained loot 2,500 200 join stockholders equity 2,900 Total assets $3,200 Total liabilities and stockholders equity $3,200 3) Yes, Kathy Wintz summer work was mostly successful. She was able to make lots of sales and her expenses were only a little over half her revenue, which means that she make quite a substantial net profit. Wintz biggest expense was salaries, but even then this was only one-third of the net income. Other expenses, such as rent, supplies, and reanimate expenses, only cost a small portion of the total expenses. For the Retained Earnings Statement, Wintz was able to make back more than double her initial investment. For a business that was only open for four months, this is very impressive. Wintz also paid out some dividends to sh atomic number 18holders, but there was still enough retained earnings left at the end of August that Wintz could return to college feeling satisfied with her summers work. For the balance sheets, the assets column looks very healthy. Added to this is the fact that there are very few liabilities, which means that the business does not have any worries.