Evaluate the projected monthly profit

Reference no: EM1341325

Projected monthly profit;expected annual return

The Smith family has saved for many years, and they have decided to start a hardware business with $250,000. They estimate that sales about $6000 per month during the first year. On average, the budgeted monthly costs will will be:

Wages for labor: $900
Rent on store building: $1500
Utilities: $300
Advertising: $500
Delivery costs: $400

a. Evaluate the projected monthly profit?
b. Find the expected annual return on investment?

Reference no: EM1341325

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