Ask Experts Questions for FREE Help !
Ask
    paulina1's Avatar
    paulina1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 2, 2010, 10:34 PM
    Accounting
    Smith family has $250,000 to start business. They estimate that sales to their customers will be $6000 per month the first year. On average, the budgeted monthly costs will be:
    Wages $900, Rent the building $1500, Utilities $300, Advertising $500, Delivery costs $400
    1. What is the projected monthly profit?
    2. What is the expected annual return on investment?

    Thanks
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jul 2, 2010, 10:52 PM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
    astute's Avatar
    astute Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Jul 3, 2010, 09:54 AM
    1.Projected monthly profit would be around 2475$
    2. And the return on investment would be around 11.88%
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #4

    Jul 7, 2010, 12:44 AM

    astute, please read the link in the post above yours. We are not here to just answer people's homework for them, but rather to help them understand it. And your answers are incorrect.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Difference between management accounting and cost accounting [ 10 Answers ]

What are the difference between management accounting and cost accounting

AP Journal Entires - accrual accounting and cash accounting [ 6 Answers ]

What are the journal entries for accrual accounting and cash accounting for an invoice and a payment?

List five differences between management accounting and cost accounting [ 1 Answers ]

Describe five differences between management accounting and cost accounting

What is the difference between Managerial Accounting and Cost Accounting ? [ 3 Answers ]

Hello Dears, I want to know about the difference between Managerial Accounting and Cost Accounting. Thanks ! Sincerely Yours, Mohammad Naim

View more questions Search