AlingMinda is operating a buy and sell business, She 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, alingMinda can sell 30 broomsticks a day. Use the template below and fill in the necessary figures based on the scenario. Projected Daly Revenue Name of Busness Projecteo Projected Cost Volume Mark-up Selling Revenue per (D) Prce E) Merchandse Unit Average No. Prociucts (A) of Items Daily Soc (Daily) (B)= (A x (A) (C)= A+8; E) =iC x D; 50) Total

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Direction: compute the projected revenue by day, month and year based on your business concept. (Please refer to the picture.)
ОBJECTIVES:
1. Calculate mark-up and selling price of a product or merchandise;
2. Compute projected reveneus
I.
TOPIC: FORECASTING THE REVENUE OF THE BUSINESS
Direction:Compute the projected revenue by day, month and year based on your
business concept.
II.
PROBLEM :
AlingMinda is operating a buy and sell business, she sells broomsticks (walistingting) 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, alingMinda can
sell 30 broomsticks a day.
Use the template below and fill in the necessary figures based on the scenario.
Projeczed Daly Revenue
Name of Bus ness
Projecteo
Projected
Cost
Volume
Mark-up
Selling
Revenue
per
(D)
Prce
E)
Merchandse
Unit
Average No.
Prociucts
A)
of Items
Daily
Soc (Daily)
(B)= (A x
(A)
(C)= A+8;
E) =C x C;
.50)
Total
Transcribed Image Text:ОBJECTIVES: 1. Calculate mark-up and selling price of a product or merchandise; 2. Compute projected reveneus I. TOPIC: FORECASTING THE REVENUE OF THE BUSINESS Direction:Compute the projected revenue by day, month and year based on your business concept. II. PROBLEM : AlingMinda is operating a buy and sell business, she sells broomsticks (walistingting) 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, alingMinda can sell 30 broomsticks a day. Use the template below and fill in the necessary figures based on the scenario. Projeczed Daly Revenue Name of Bus ness Projecteo Projected Cost Volume Mark-up Selling Revenue per (D) Prce E) Merchandse Unit Average No. Prociucts A) of Items Daily Soc (Daily) (B)= (A x (A) (C)= A+8; E) =C x C; .50) Total
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education