Explanation of the Topic...
at 2 points
at 13 points
|December 31, 2010||$ 40,000||$ 40,000|
|January 31, 2011||60,000||$ 50,000|
|February 28, 2011||70,000||65,000|
|March 31, 2011||80,000||75,000|
|April 30, 2011||100,000||90,000|
|May 31, 2011||150,000||125,000|
|June 30, 2011||250,000||200,000|
|July 31, 2011||300,000||275,000|
|August 31, 2011||200,000||250,000|
|September 30, 2011||130,000||165,000|
|October 31, 2011||60,000||95,000|
|November 30, 2011||50,000||55,000|
|December 31, 2011||60,000||60,000||55,000|
|Total||$ 100,000||$ 1,550,000||$ 1,500,000|
|No. of points||2||13||12|
|AVERAGE||$ 50,000||$ 119,231||$ 125,000|
Because the material covered here is considered an introduction to this topic, many complexities have been omitted. You should always consult with an accounting professional for assistance with your own specific circumstances.
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