Question
Lirim Krasniqi is trying to open his own shop where she plans to sell video games for children. He has conducted a great deal of
Lirim Krasniqi is trying to open his own shop where she plans to sell video games for children. He has conducted a great deal of research and set up a meeting with a loan manager at her local bank. But, before going there, he needs to sketch out an estimated income statement. He reviews the following data from somebody elses similar business to calculate the net profit revenues she plans to have in the end of the year. The amount of Net profit is $58,550. She has obtained the following data. Operating Expenses 32.9 percent of net sales, Costs of Goods Sold 57.3 percent of net sales Calculate how much revenues she needs to generate in order to obtain the targeted profit.
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