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After one year of business, your agency is running full steam. You now have 6 employees and an office manager. Your accounting for your agency
After one year of business, your agency is running full steam. You now have employees and an office manager. Your accounting for your agency is simple. Your business premium revenues for the year are roughly $M Your agency is on pace to make an estimated $M in premium revenues next year and M in the third year. Your agency income is of your agency revenues in year one. Your net profit ownership profit is your agency income minus your operating expenses expense payroll You have a formula that pays your employees based on what product line they sell. Your agentscommissions make up of your agencys income. One Customer Rep makes $K and the other $K annually. Your receptionist makes $K annually. The agent office manager earns $K on top of paid commissions. Based on these numbers, what areyour agencys gross income and expenses for years one, two, and three?
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