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Determine how the net income should be negative

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Reference no: EM132473341

making an P&L statement for a Fashion house, that has losses for the next three years

Point 1: the revenues should be very low,

Point 2: selling clothing that are very expensive.

Point 3: the COGS should be very high

Point 4: and there should be normal expenses for a fashion house, such as wages, salaries, rent, etc

Question 1: Determine how the net income should be negative, tax should be at 20% for sales

 

Reference no: EM132473341

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