Prepare an income statement for Toys 4 U for the fiscal year ended December 31, 20xx in proper form . Write a memo to Kevin stating whether you think it was a good idea for him to open the Toy shop or if he should have stayed employed at his old job. State your reasons for your opinion. Do you have any recommendations for Kevin?
Kevin has worked in a retail toy store for 8 years. Last year, Kevin’s wages were $55,000. Lately, Kevin has been unhappy with the shop’s owner. Convinced that he could run a toy store better at a lower cost, Kevin decided to go into business for himself and opened up Toys 4 U. To get […]