Question
Please ignore this question Could you please help me to make a 3 year plan for the profit and loss and balance sheet for the
Please ignore this question
Could you please help me to make a 3 year plan for the profit and loss and balance sheet for the barber shop with the assumptions.
thanks heaps
Previous answer given
Profit and loss (Yearly)
Sales $800000
Direct cost of sales $350000
Gross margin $450000
Expenses
Payroll $100000
Sales and marketing exp $50000
Depreciation $2000
Insurance $10000
Utility $9000
Rent $150000
Total operating expenses $321000
Profit before income tax $129000
Interest expense $20000
Taxes incurred $40000
Net Profit $69000
Balance sheet
Assets
Depreciation $2000
Cash $100000
Inventory $100000
Accounts payable $50000
Total asset $252000
Liabilities
Long term liability $150000
Paid up capital $15000
Earnings $69000
Total liabilities $234000
Net worth $18000
the figures were given on the 1st question regarding the barber shop
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