due in 9 hours 494597

3250 2000 0 2000 4000 100 30 30 1500 1000 590 7250 -6000 Assuming that the sales go up having at least 10 customers a day spending $100, the montley income would be $30,000. It could also be higher depending on the month. For example during Holiday season, November and December sales would go up . Assumin up. Assuming that the sales increase by $30,000 for November and December. $40,000 by promoting and Marketing and also during summertime. A decrease after the Holidays, around January, February could decrease the sales to $15,000. There will be more merchandise in there store therefore there will be more sale, as of right now I’ve got a negative number for the net income which means the business cannot survive. Budget Template Gross Sales Cost of Sales Gross Margin = Gross Sales – Cost of Sales Gross Margin % = Gross Margin/Gross Sales X 100 Operating Expenses Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual Business name: Income Web site Store location Cost of sales Shipping Inventory Subtotal: G&A Expenses Retail lease Utilities Phone Internet Marketing Supplies Total net income (income – cost of sales – expenses) xx January February March April May June July August September October November December Net Income = Gross Margin – Operating Expenses By using the figures from the Budget 2008 template use this template to calculate your quarterly and yearly cash flow for the 1st year. Income Statement Summary for the 1st Year of Operation When estimating the figures, list your assumptions on bottom of the page. Assumptions: You may add line items to any of the income or expense categories. When budgeting, include all the expenses of setting up the store and ordering merchandise. Due to the considerable expenditure assume the 1st 3-6 months of operation have a negative net income. Add more items if applicable When calculating the Total net income use the following equation = Income – cost of sales – expenses…