Li Chan is a friend of yours from university.She recently decided to open her own computer consulting business and has contracted her services to a number of local retailers.She is paid a monthly fee for her services.Li has just received her first set of financial statements from her accountant and is quite upset.The statements show a cash balance of $3,600, but net earnings of only $500.She has written you a letter asking you whether such a situation is possible, or whether she should find another accountant.
Required:
Write a short letter to your friend and answer her completely, but briefly.Use proper form.

Question

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The Answer of Li Chan is a friend of yours from university.She recently decided to open her own computer consulting business and has contracted her services to a number of local retailers.She is paid a monthly fee for her services.Li has just received her first set of financial statements from her accountant and is quite upset.The statements show a cash balance of $3,600, but net earnings of only $500.She has written you a letter asking you whether such a situation is possible, or whether she should find another accountant.
Required:
Write a short letter to your friend and answer her completely, but briefly.Use proper form.

Li Chan Is a Friend of Yours from University