FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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please help me with this ..table 1,2 and 3 .
wntrepreneur hould nst be overwhetved on t ese rever s s these gross
revenue, thie is not the fnal amount of proft or Income an entrepreneur wit got at ths
end of every perlod. Take note that the amount of net revenue is stit subjected to the
expenses incurred in the operation of business.
What's More
After learning the calculations presented, you can now compute the
projected revenue by day, month and year based on your business concept.
Aling Minda is operating a buy and sell business, she sells broomsticks
(walis tingting) in her stall at a local market. She gets her broomsticks from a local
supplier for 25 pesos each. She then adds 50 percent mark-up on each broomstick.
Every day, aling Minda can sell 30 broomsticks a day.
Use the template below and fill in the necessary figures based on the
scenario. Remember to use the factors to consider in projecting revenues and refer
to tables 1, 2 and 3 as your guide.
Table 1
Projected Daily Revenue
Name of Business
Projected
Cost
Projected
Volume
Mark-up
Selling
Revenue
per
(D)
Price
Merchandise/
Unit
Average No.
(E)
(B)
(C)
Products
(A)
of Items
Sold (Daily)
(Daily)
(B)= (A x
(A)
(C)= (A+B)
(D)
(E) =(C x D)
.50)
Total
expand button
Transcribed Image Text:wntrepreneur hould nst be overwhetved on t ese rever s s these gross revenue, thie is not the fnal amount of proft or Income an entrepreneur wit got at ths end of every perlod. Take note that the amount of net revenue is stit subjected to the expenses incurred in the operation of business. What's More After learning the calculations presented, you can now compute the projected revenue by day, month and year based on your business concept. Aling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her stall at a local market. She gets her broomsticks from a local supplier for 25 pesos each. She then adds 50 percent mark-up on each broomstick. Every day, aling Minda can sell 30 broomsticks a day. Use the template below and fill in the necessary figures based on the scenario. Remember to use the factors to consider in projecting revenues and refer to tables 1, 2 and 3 as your guide. Table 1 Projected Daily Revenue Name of Business Projected Cost Projected Volume Mark-up Selling Revenue per (D) Price Merchandise/ Unit Average No. (E) (B) (C) Products (A) of Items Sold (Daily) (Daily) (B)= (A x (A) (C)= (A+B) (D) (E) =(C x D) .50) Total
Use the calculations you have made in Table 1 to successfully complete
the information in Tables 2 and 3 and calculate the projected monthly and yearly
revenue of Aling Minda's business.
Table 2
Projected Monthly and Yearly Revenue
Name of Business
Projected
Projecte
Projected
Selling
Volume
d.
Volume
Projected
Merchandise/
Price
Average No.
Revenue Average No, of
Revenue
of Items Sold
Products
Items Sold
(Monthly)
(Monthly)
(Yearly)
(Yearly)
(C)=
F= (D x 30
(A+B)
days)
G= (C x F) H= (D x 365 days)
I= (C x H)
Total
For Table 3, use the following assumed increases in sales every month.
From January to May, 5 percent increase from previous sales. For the month of
June, 10 percent increase from previous sales. For the months July to December,
record the same sales every month.
Table 3
Projected Monthly Revenue
Name of Business
April
May
June
March
Month
January February
Revenue
July
August September October November December
Month
Revenue
expand button
Transcribed Image Text:Use the calculations you have made in Table 1 to successfully complete the information in Tables 2 and 3 and calculate the projected monthly and yearly revenue of Aling Minda's business. Table 2 Projected Monthly and Yearly Revenue Name of Business Projected Projecte Projected Selling Volume d. Volume Projected Merchandise/ Price Average No. Revenue Average No, of Revenue of Items Sold Products Items Sold (Monthly) (Monthly) (Yearly) (Yearly) (C)= F= (D x 30 (A+B) days) G= (C x F) H= (D x 365 days) I= (C x H) Total For Table 3, use the following assumed increases in sales every month. From January to May, 5 percent increase from previous sales. For the month of June, 10 percent increase from previous sales. For the months July to December, record the same sales every month. Table 3 Projected Monthly Revenue Name of Business April May June March Month January February Revenue July August September October November December Month Revenue
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