just this problem. sorry for the confusion.
Companies prepare balance sheets in order to know their financial position at a specific point in time. This enables them to make a comparison to their position at previous points in time and gives them a basis for planning for the future. In order to evaluate your financial position, you can prepare a personal balance sheet. Assume that you have compiled the following information regarding your finances. (Hint: Some of the items might not be used in your personal balance sheet.) Amount owed on student loan balance (long-term) $4,800 Balance in checking account 1,300 Certificate of deposit (6-month) 3,100 Annual earnings from part-time job 11,000 Automobile 7.100 Balance on automobile loan (current portion) 1.430 Balance on automobile loan (long-term portion) 4,000 Home computer 860 Amount owed to you by younger brother 380 Balance in money market account 1,850 Annual tuition 6,500 Video and stereo equipment 1,320 Balance owed on credit card (current portion) 100 Balance owed on credit card (long-term portion) 1,580 Prepare a personal balance sheet using the format you have learned for a classified balance sheet for a company. For the equity account My Own ranital llist Current Assets in order of liquidity.) Grouper Company had $153,900 of net income in 2016 when the selling price per unit was $150, the variable costs per unit were $90, and the fixed costs were $572,600. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Grouper Company is under pressure from stockholders to increase net income by $65,400 in 2017. (a) X Your answer is incorrect. Compute the number of units sold in 2016. (Round answer to 0 decimal places, e.g. 1,225.) 13,198 units eTextbook and Media Solution Attempts: 3 of 3 used (b) Your answer is incorrect Compute the number of units that would have to be sold in 2017 to reach the stockholders' desired proht level. units Grouper Company had $153,900 of net income in 2016 when the selling price per unit was $150, the variable costs per unit were $90, and the fixed costs were $572,600. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Grouper Company is under pressure from stockholders to increase net income by $65,400 in 2017. (a) X Your answer is incorrect. Compute the number of units sold in 2016. (Round answer to 0 decimal places, e.g. 1,225.) 13,198. units eTextbook and Media Solution Attempts: 3 of 3 used (b) Your answer is incorrect Compute the number of units that would have to be sold in 2017 to reach the stockholders' desired proht level. units