Question
Hi, I was wondering if you can check the numbers I have already calculated, and then tell me what earning before taxes and interest rate,
Hi, I was wondering if you can check the numbers I have already calculated, and then tell me what earning before taxes and interest rate, taxes and net gain is
Sales | $2,160,000 |
Cost of Goods Sold | |
Operating Income | $95,680 ($15/hr for machinery plus $31 for watch and fin labor hrs, times 40hrs/week times 52 weeks) |
Expenses | |
Warehouse Supplies Expense (Office supplies, maintenance, ink, printer, etc.) | $17,500 |
Board Production Expense (Machine, epoxy, sandpaper, tools, etc.) | $312,000 ($400 per board * 3 boards a day *5 days a week * 52 weeks a year) |
Marketing & Advertising Expense | $6000 (youtube charges $2000 per ad, 3 ads per year) |
Rent | $96,000 |
Administrative Salary | $273,000 |
Employee Salary | $40,000 ($20,000 each) |
Utilities | $7200 |
Earnings Before Interest Rate and Taxes | |
Taxes (30%) | |
Net gain | |
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