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Company A Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023 Total Income Interest Income 7.60 9.92 9.61 27.13 Sales 780.00 593.00
Company A
Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Total | |
Income | |||||||
Interest Income | 7.60 | 9.92 | 9.61 | 27.13 | |||
Sales | 780.00 | 593.00 | 2,123.00 | 1,543.00 | 5,039.00 | ||
Sales of Product Income | 362.00 | 362.00 | |||||
Square Sales | 17,520.72 | 12,962.08 | 17,968.85 | 16,492.95 | 20,872.96 | 21,515.04 | 107,332.60 |
Total Income | $ 17,520.72 | $ 13,742.08 | $ 18,338.45 | $ 17,095.87 | $ 23,005.57 | $ 23,058.04 | $ 112,760.73 |
Cost of Goods Sold | |||||||
Cost of Goods Sold | 13,830.09 | 7,854.55 | 12,850.45 | 4,452.86 | 6,968.95 | 3,647.62 | 49,604.52 |
Merchant Fees | 2.09 | 2.09 | |||||
Shipping | 110.17 | 1.60 | 38.56 | 42.29 | 36.16 | 77.32 | 306.10 |
Total Cost of Goods Sold | $ 13,940.26 | $ 7,858.24 | $ 12,889.01 | $ 4,495.15 | $ 7,005.11 | $ 3,724.94 | $ 49,912.71 |
Gross Profit | $ 3,580.46 | $ 5,883.84 | $ 5,449.44 | $ 12,600.72 | $ 16,000.46 | $ 19,333.10 | $ 62,848.02 |
Expenses | |||||||
Advertising & Marketing | 305.94 | 731.44 | 682.19 | 682.19 | 722.10 | 763.19 | 3,887.05 |
Ask My Accountant | 2,433.65 | 2,433.65 | |||||
Car & Truck | 397.10 | 44.49 | 441.59 | ||||
Contractors | 100.00 | 100.00 | 200.00 | ||||
Dues & Subscriptions | 12.99 | 300.99 | 101.25 | 12.99 | 41.10 | 469.32 | |
Equipment Rental | 59.00 | 193.25 | 252.25 | ||||
Event Fees | 545.00 | 545.00 | |||||
Insurance | 138.28 | 605.00 | 11.00 | 754.28 | |||
Interest Paid | 508.47 | 264.54 | 284.86 | 360.86 | 343.06 | 358.67 | 2,120.46 |
Job Supplies | 185.84 | 32.20 | 53.10 | 15.21 | 45.99 | 201.77 | 534.11 |
Legal & Professional Services | 750.00 | 750.00 | 750.00 | 843.74 | 500.00 | 500.00 | 4,093.74 |
Meals & Entertainment | 112.84 | 25.25 | 10.77 | 191.36 | 340.22 | ||
Office Supplies & Software | 70.14 | 447.24 | 5.60 | 522.98 | |||
Parking | 18.95 | 18.95 | |||||
Payroll Expenses | 104.20 | 461.17 | 70.00 | 70.00 | 64.00 | 769.37 | |
Unemployment | 327.28 | 41.44 | 368.72 | ||||
Wages | 3,280.29 | 3,636.94 | 3,723.08 | 5,230.91 | 4,658.85 | 7,425.65 | 27,955.72 |
Total Payroll Expenses | $ 3,607.57 | $ 3,741.14 | $ 4,184.25 | $ 5,300.91 | $ 4,728.85 | $ 7,531.09 | $ 29,093.81 |
Postage & Shipping | 2.50 | 28.84 | 31.34 | ||||
Rent & Lease | 2,300.00 | 2,300.00 | 2,300.00 | 2,300.00 | 2,300.00 | 2,300.00 | 13,800.00 |
Repairs & Maintenance | 30.00 | 30.00 | 30.00 | 30.00 | 60.00 | 180.00 | |
Taxes & Licenses | 600.02 | 600.02 | |||||
Travel | 1,902.96 | 400.00 | -345.00 | 163.19 | 2,121.15 | ||
Utilities | 612.34 | 1,177.43 | 973.12 | 845.98 | 457.60 | 636.97 | 4,703.44 |
Total Expenses | $ 11,383.22 | $ 10,698.01 | $ 9,824.11 | $ 10,590.91 | $ 9,209.43 | $ 15,437.68 | $ 67,143.36 |
Net Operating Income | -$ 7,802.76 | -$ 4,814.17 | -$ 4,374.67 | $ 2,009.81 | $ 6,791.03 | $ 3,895.42 | -$ 4,295.34 |
Net Income | -$ 7,802.76 | -$ 4,814.17 | -$ 4,374.67 | $ 2,009.81 | $ 6,791.03 | $ 3,895.42 | -$ 4,295.34 |
Company B
Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Total | |
Income | |||||||
Sales | 9,161.91 | 11,806.67 | 12,932.09 | 7,692.72 | 10,487.23 | 8,513.32 | 60,593.94 |
Total Income | $ 9,161.91 | $ 11,806.67 | $ 12,932.09 | $ 7,692.72 | $ 10,487.23 | $ 8,513.32 | $ 60,593.94 |
Cost of Goods Sold | |||||||
Cost of goods sold | 10,795.62 | 2,577.77 | 4,275.75 | 3,612.77 | 670.20 | 524.70 | 22,456.81 |
Coffee! | 1,855.20 | 1,588.85 | 392.90 | 3,836.95 | |||
Event Fees | 60.00 | 60.00 | |||||
Total Cost of goods sold | $ 12,650.82 | $ 4,166.62 | $ 4,728.65 | $ 3,612.77 | $ 670.20 | $ 524.70 | $ 26,353.76 |
Square expense | 1,257.84 | 925.37 | 2,183.21 | ||||
Total Cost of Goods Sold | $ 13,908.66 | $ 5,091.99 | $ 4,728.65 | $ 3,612.77 | $ 670.20 | $ 524.70 | $ 28,536.97 |
Gross Profit | -$ 4,746.75 | $ 6,714.68 | $ 8,203.44 | $ 4,079.95 | $ 9,817.03 | $ 7,988.62 | $ 32,056.97 |
Expenses | |||||||
Accounting services | 600.00 | 600.00 | 600.00 | 1,800.00 | |||
Advertising | 6.38 | 12.08 | 47.75 | 12.75 | 57.70 | 12.75 | 149.41 |
Ask Accountant | 500.00 | -891.09 | -391.09 | ||||
Business licenses | 18.00 | 30.00 | 48.00 | ||||
Insurance | 858.00 | 858.00 | |||||
Interest Expense | 0.02 | 0.02 | |||||
Office expenses | 145.02 | 89.75 | 365.97 | 90.48 | 691.22 | ||
Payroll expenses | 653.30 | 1,331.79 | 475.23 | 2,460.32 | |||
Payroll taxes | 90.09 | 26.46 | 34.91 | 151.46 | |||
Rent | 925.00 | 900.00 | 900.00 | 900.00 | 900.00 | 900.00 | 5,425.00 |
Repair & Maintenance | 5.99 | 315.93 | 14.10 | 43.80 | 379.82 | ||
Shipping and delivery expense | 122.05 | 128.66 | 309.82 | 844.12 | 1,404.65 | ||
Software & subscriptions | 194.00 | 194.00 | 194.00 | 208.99 | 162.00 | 162.00 | 1,114.99 |
Subcontractor | 95.00 | 95.00 | 190.00 | ||||
Supplies & Materials | 197.99 | -97.97 | 144.92 | 513.22 | 30.88 | 789.04 | |
Taxes | 203.82 | 677.72 | 349.94 | 341.52 | 483.60 | 438.84 | 2,495.44 |
Utilities | 116.96 | 115.79 | 104.77 | 107.97 | 104.22 | 101.29 | 651.00 |
Total Expenses | $ 2,702.32 | $ 3,615.72 | $ 4,510.97 | $ 4,305.60 | $ 2,328.00 | $ 754.67 | $ 18,217.28 |
Net Operating Income | -$ 7,449.07 | $ 3,098.96 | $ 3,692.47 | -$ 225.65 | $ 7,489.03 | $ 7,233.95 | $ 13,839.69 |
Other Income | |||||||
Credit Card Rewards | 119.97 | 197.35 | 65.64 | 382.96 | |||
Total Other Income | $ 119.97 | $ 197.35 | $ 65.64 | $ 382.96 | |||
Other Expenses | |||||||
Municipal Trash Bags | 400.00 | 200.00 | 600.00 | ||||
Total Other Expenses | $ 400.00 | $ 200.00 | $ 600.00 | ||||
Net Other Income | $ 0.00 | -$ 280.03 | -$ 2.65 | $ 65.64 | $ 0.00 | $ 0.00 | -$ 217.04 |
Net Income | -$ 7,449.07 | $ 2,818.93 | $ 3,689.82 | -$ 160.01 | $ 7,489.03 | $ 7,233.95 | $ 13,622.65 |
For some background, Company A is in X city, and Company B is in a smaller city. These are both retail locations that sell the same type of items. Here are six possible questions to guide your analysis:
- Calculate the gross profit margins for both companies. How do they vary, and what factors may contribute to these differences?
- Examine the net income figures for each company. Can you identify any patterns or trends?
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