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Task: Prepare Projected Profit and Loss Statement a) You are required to prepare a Projected Profit and Loss Statement for the first 12 months of the home-based retail business venture based on the information you have gathered so far, and the assumptions listed below: • Only Desks 1-3 will be sold, selling price will be wholesales price +30% profit margin In total 30 desks are expected to be sold every week of the year $40,000 of wages is to be included and paid to the owner All desks will be delivered directly to customers and customers pay the delivery fee directly to the delivery company. Projected Profit and Loss for Upcoming Financial Year 20XX Total Income Purchases (estimate using wholesale price $250 per unit x 30 units per week x 52 weeks) Total Cost of Goods Sold Income Sale of Desks Cost of Goods Sold Delivery from Supplier/Manufacturer (estimate $80 per unit x 30 unit per week x 52 weeks) Expenses Set-up costs Rent ($150 x 52 weeks)
Invoices representing Tk. 40,000 of sales during the year have not been recorded as of June 30. Prepare a multiple-step income statement of Ocean City
how many total dollars of sales must bac company sell to break even if the selling price per unit is 8.50 variable
Question - Capital versus Revenue Expenditures - Determine which of those costs should be capitalized. Assume that all costs were incurred on January 1, 2016
Lakeside Inc. produces a product that currently sells for $57.60 per unit. What would be the incremental profit or loss
Define "earnings management". Provide two example of a market-based incentive for earnings management
When a portion of inventories has been pledged as security on a loan? the fact should be disclosed but the amount of current assets should not be affected.
Provide one reason for instituting performance-based pay at an organization and one reason why it might not be appropriate. Select a company, and explain how you recommend that the Chief Executive Officer (CEO) be compensated. Is your recommendati..
What are the tax consequences of these items? Are there other tax planning opportunities the couple may be missing or tax issues of which they should be aware
Kalin Corporation had 2010 net income of $1,000,000. During 2010, Kalin paid a dividend of $2 per share on 100,000 shares of preferred stock.
Taylor has owned and occupied her personal residence (adjusted basis of $190,000) for four years. What is Taylor recognized gain on the sale
at december 312010 kretsinger corporation reported these plant assets.land 4000000buildings 28500000less accumulated
Write a critical analysis of the Theory of Constraints. Be sure to describe what it is, what factors are considered, and how it helps operations (3pgs).
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